Listed by PropertiesNW of Gig Harbor Ltd
$475,000
$25K PRICE DROP

8908 Key Peninsula Hwy NW Lakebay, WA 98349

Estimated payment $2,758/month

Total Views 32,531
3 Beds
1.5 Baths
2,236 Sq Ft
$212 Price per Sq Ft

Highlights

  • RV Access or Parking
  • Territorial View
  • No HOA
  • Deck
  • Vaulted Ceiling
  • Storm Windows

About This Home

Incredible opportunity in beautiful Key Center. Don't miss this 3 bed, 2 bath, 2236 sq/ft rambler proudly situated on gently sloping .5+ acre with amazing pastoral views. Built in 1975 and well maintained and improved over the years, the home has enjoyed a variety of uses given its Rural Activity Center zoning. Single Family use is allowed along with several other options. Large rooms with reclaimed beam accents and great nautical vibes. Huge deck and ample porch area perfect for entertaining. Expansive shop has plenty of room for your hobbies or work area plus a large shed/outbuilding for tools, storage and gardening supplies. Centrally located near schools, shopping, parks, amenities and HWY 16. Hurry today before its too late.

Listing Agent

Neil Bender

PropertiesNW of Gig Harbor Ltd License #80731 Listed on: 09/25/2024

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2295217

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,961

Year Built

  • Built in 1975

Lot Details

  • 0.56 Acre Lot
  • Dirt Road
  • Street terminates at a dead end
  • Partially Fenced Property
  • Level Lot
  • Garden
  • Property is in good condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,236 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Dining Room
  • Territorial Views
  • Storm Windows
  • Stove

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Parking

  • Off-Street Parking
  • RV Access or Parking

Outdoor Features

  • Deck
  • Outbuilding

Schools

  • Key Peninsula Mid Middle School
  • Peninsula High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Septic Tank

Community Details

  • No Home Owners Association
  • Key Center Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,961

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 10 - 1 Story
  • Year Built: 1975
  • Inclusions: Dryer(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • MLS Status: Active
  • Prev Status: Active
  • Architectural Style: See Remarks
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 2236
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2295217?w=Consumer&agent=45914
  • Special Features: None

Interior Features

  • Basement: None
  • Appliances: Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Ceiling Fan(s), Double Pane/Storm Window, Dining Room, Vaulted Ceiling(s)
  • Living Area: 2236
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Bathrooms: 1.25
  • BathsFullMain: 0
  • SquareFootageFinished: 2236
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • AppliancesIncluded: Dryer(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • NWM_NumberOfShowers: 1

Exterior Features

  • Roof: Composition
  • View: See Remarks, Territorial
  • Lot Features: Dead End Street, Dirt Road
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: House

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Open Parking: No
  • Parking Features: Off Street, RV Parking

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: Forced Air, Heat Pump
  • Cooling Y N: Yes
  • Heating: Forced Air, Heat Pump
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Peninsula
  • High School: Peninsula High
  • Middle Or Junior School: Key Peninsula Mid

Lot Info

  • Parcel Number: 0021015008
  • Topography: Level,Partial Slope
  • Land Lease: No
  • Lot Size Acres: 0.56
  • Lot Size Sq Ft: 24394
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Outbuildings,RV Parking,Shop
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric

Tax Info

  • Year: 2024
  • Tax Annual Amount: 2961

Multi Family

  • EnergySource: Electric

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,961 $468,300 $132,400 $335,900
2024 $2,961 $324,400 $174,900 $149,500
2023 $2,961 $319,800 $164,000 $155,800
2022 $2,818 $300,200 $164,000 $136,200
2021 $2,868 $259,400 $135,400 $124,000
2019 $2,935 $270,700 $150,400 $120,300
2018 $3,048 $270,700 $150,400 $120,300
2017 $2,984 $252,600 $136,800 $115,800
2016 $2,917 $229,600 $136,800 $92,800
2014 $3,012 $229,600 $136,800 $92,800
2013 $3,012 $229,600 $136,800 $92,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2025 09/17/25 Price Changed $475,000 -0.9% $212 / Sq Ft
09/16/2025 09/16/25 For Sale $479,500 0.0% $214 / Sq Ft
09/01/2025 09/01/25 Off Market $479,500 -- --
05/24/2025 05/24/25 Price Changed $479,500 -2.0% $214 / Sq Ft
04/04/2025 04/04/25 For Sale $489,500 0.0% $219 / Sq Ft
04/01/2025 04/01/25 Off Market $489,500 -- --
01/27/2025 01/27/25 Price Changed $489,500 -1.1% $219 / Sq Ft
01/10/2025 01/10/25 Price Changed $495,000 -1.0% $221 / Sq Ft
09/25/2024 09/25/24 For Sale $499,950 -- $224 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed $278,000 First American Title Ins Co
Warranty Deed $130,000 First American Title Ins Co
Warranty Deed -- First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $208,500 Commercial
Previous Owner $45,000 Seller Take Back
Source: Public Records

About the Listing Agent

Neil Bender

PropertiesNW of Gig Harbor Ltd

(253) 652-5995

Section Image

Born and raised in Gig Harbor, I've been a top performer in real estate since 2005. I've sold everything from luxury waterfront estates to vacant rural land. Whether you’re selling or buying a 6,000 square-foot mansion or a single-wide manufactured home, I have extensive market knowledge and experience. As a hands-on broker, I close dozens of transactions a year with no assistant. I really value family time, so when not closing a ton of real estate, I'm usually found hanging close with the

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2295217

Northwest Multiple Listing Service (NWMLS)

APN: 002101-5008