8908 Key Peninsula Highway NW, Lakebay, WA, 98349
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Good
- Year built: 1975
Materials
- Foundation: Poured Concrete
- Roof: Composition
- Construction materials: Wood Siding,Wood Products
Notable Dates
- Major remodel year: 1994
Type & Style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Refrigerator,Stove(s)/Range(s),Washer,Dryer(s),Refrigerator(s),Washer(s)
Basement
- Basement: None
Bathroom Three Quarter
- Level: Main
Bedroom
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Entry Hall
- Level: Main
Features
- Ceiling Fan(s),Dining Room
- Window features: Dbl Pane/Storm Window
- Flooring: Vinyl,Carpet
Heating & Cooling
- Heating features: Forced Air,Heat Pump,Electric
- Cooling features: Forced Air,Heat Pump
Interior Area
- Total structure area: 2,236
- Total interior livable area: 2,236 sqft
Living Room
- Level: Main
Property
Details
- Parcel number: 0021015008
- Zoning description: Jurisdiction: County
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Ceiling Fan(s),Dbl Pane/Storm Window,Dining Room,Vaulted Ceiling(s)
- Has view: Yes
- View description: See Remarks,Territorial
- Topography of land: Level,Partial Slope
- Residential vegetation: Garden Space
Lot
- Lot size: 0.56 Acres
- Features: Dead End Street,Deck,Fenced-Partially,Outbuildings,RV Parking,Shop
Parking
- Parking features: Off Street,RV Parking
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Earthquake
- Heat Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Pierce County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,323 | $27,876 |
| Home Insurance * | $139 | $1,668 |
| Property Taxes | $325 | $3,900 |
| Electricity | $152 | $1,835 |
| Total | $2,939 | $35,268 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-01-13 | Price change | $464,900 |
| 2025-09-17 | Price change | $475,000 |
| 2025-09-16 | Listed for sale | $479,500 |
| 2025-09-02 | Listing removed | $479,500 |
| 2025-05-24 | Price change | $479,500 |
| 2025-01-27 | Price change | $489,500 |
| 2025-01-10 | Price change | $495,000 |
| 2024-09-25 | Listed for sale | $499,950 |
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