20515 21st Street NW, Lakebay, WA, 98349
About This Home
Architecturally inspired & beautifully sited on nearly two acres of medium-bank waterfront, this extraordinary custom residence captures sweeping views of the Sound, majestic mountains & Heron Island ferry. Inspired by renowned modernist architect Richard Meier & thoughtfully designed by acclaimed Gig harbor architect James E. Kaczmarek, the home is a striking blend of contemporary design & natural beauty. Floor-to-ceiling windows, soaring skylights, graceful coved architectural details, & an open-concept layout fill the home with abundant natural light & frame the ever-changing waterfront vistas. Main level features a refined kitchen & expansive gathering spaces opening to 2 view decks. Upstairs, 2 luxurious primary suites each enjoy private baths, view balconies, including a grand waterfront retreat & a second more secluded sanctuary. Lofted seating area overlooks the dining room & spectacular views beyond. Step outside, add a path down to the beach, to embrace an exceptional waterfront lifestyle with endless opportunities to explore the shoreline just beyond your doorstep. Or simply relax & enjoy spectacular sunsets. Wildlife abounds with eagles, seals, orcas, & deer frequenting the property. Detached 2-car garage w/workshop, flex space, & storage complements the lush grounds adorned w/fruit trees, flowering gardens & mature landscaping, creating a truly exceptional PNW estate. Amazing View ADU potential on the property or above the garage for income or multi-gen living.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Very Good
- Year built: 1997
Materials
- Foundation: Poured Concrete
- Roof: Flat
- Construction materials: Stucco
Notable Dates
- Major remodel year: 2003
Type & Style
- Home type: SingleFamily
- Architectural style: Contemporary,1 1/2 Story
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Refrigerator,Stove(s)/Range(s),Washer,Dishwasher(s),Dryer(s),Refrigerator(s),Washer(s),Water Heater: Propane,Water Heater Location: Kitchen Closet
Basement
- Basement: None
Bathroom Three Quarter
- Level: Second
Bathroom Three Quarter
- Level: Second
Bedroom
- Level: Second
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 3
- 3/4 bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Dining Room
- Level: Main
Entry Hall
- Level: Main
Features
- Bath Off Primary,Dining Room
- Window features: Dbl Pane/Storm Window,Skylight(s)
- Flooring: Ceramic Tile,Laminate,Carpet
Heating & Cooling
- Heating features: Forced Air,Propane
- Cooling features: None
Interior Area
- Total structure area: 2,058
- Total interior livable area: 2,058 sqft
Kitchen With Eating Space
- Level: Main
Living Room
- Level: Main
Master Bedroom
- Level: Second
Other
- Level: Main
Utility Room
- Level: Second
Property
Details
- Parcel number: 0021284020
- Special condition: Standard
- Other equipment: Leased Equipment: None
Features
- Levels: One and One Half
- Stories: 1
- Entry location: Main
- Patio & porch: Second Primary Bedroom,Bath Off Primary,Dbl Pane/Storm Window,Dining Room,Skylight(s),Vaulted Ceiling(s),Walk-In Closet(s),Water Heater
- Has view: Yes
- View description: Bay,Mountain(s),Sea,Sound
- Has water view: Yes
- Water view: Bay,Sea,Sound
- On waterfront: Yes
- Waterfront features: Medium Bank,Bayfront,Saltwater,Sea,Sound
- Frontage length: Waterfront Ft: 104
- Topography of land: Level,Partial Slope,Sloped
- Residential vegetation: Brush,Fruit Trees,Garden Space,Wooded
Lot
- Lot size: 1.64 Acres
- Features: Secluded,Deck,Patio,Shop
Parking
- Total spaces: 6
- Parking features: Driveway,Detached Garage
- Has garage: Yes
- Covered spaces: 2
- Uncovered spaces: 4
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 | $5,031 | $60,372 |
| Home Insurance * | $301 | $3,612 |
| Property Taxes | $499 | $5,988 |
| Electricity | $149 | $1,793 |
| Total | $5,980 | $71,760 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-24 | Listed for sale | $995,000 |
| 2012-07-20 | Sold | $90,000 |
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