




406 E Madrona Boulevard NW, Lakebay, WA, 98349
About This Home
Hop on the ferry, watch the mainland shrink behind you, and arrive somewhere most people never find. Herron Island is one of the few remaining private islands in Puget Sound, a close-knit community of just over 100 residents where eagles fly overhead, deer wander freely, and the outside world genuinely feels far away. Spend your days exploring North Beach Park, walking the natural shoreline of South Beach, or unwinding at Goodpastor Park. It is the kind of place people stumble onto and never stop thinking about. This 1 bed, 1 bath bungalow plus bonus room sits on just over a half-acre, one of the larger buildable lots on the island, and has been thoughtfully improved with a full gut renovation of the kitchen and bathroom and all-new appliances. The groundwork for a little homestead life is already here, a deer-proof fenced garden area where dahlias once flourished and a chicken coop ready for new tenants. Use it as your personal escape, rent it out while you are away, or hold it and build something bigger down the road. HOA covers water. Access via the community ferry "Charlie Wells," a 10-minute crossing that makes all the difference. Step off the ferry and you will pass a general store currently under construction, close enough that your ice cream won't have a chance to melt.
Getting Around
Schools
Construction
Condition
- Year built: 1982
Materials
- Foundation: Block
- Roof: Composition
- Construction materials: Wood Siding
Notable Dates
- Major remodel year: 1982
Type & Style
- Home type: SingleFamily
- Architectural style: 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)
Basement
- Basement: None
Bathroom Full
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Entry Hall
- Level: Main
Features
- Flooring: Laminate
- Number of fireplaces: 1
- Fireplace features: Wood Burning,Main Level: 1,Fireplace
- Fireplace: Yes
Heating & Cooling
- Heating features: Fireplace,Ductless,Electric,Wood
- Cooling features: Ductless
Interior Area
- Total structure area: 864
- Total interior livable area: 864 sqft
Kitchen With Eating Space
- Level: Main
Living Room
- Level: Main
Master Bedroom
- Level: Second
Other
- Level: Main
Utility Room
- Level: Main
Property
Details
- Parcel number: 4450500661
- Zoning: R10
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Fireplace
- Topography of land: Level
- Residential vegetation: Fruit Trees,Garden Space
Lot
- Lot size: 0.59 Acres
- Features: Deck,Fenced-Partially,Green House,Outbuildings
Parking
- Parking features: Driveway,Off Street
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 | $1,562 | $18,744 |
| Home Insurance * | $93 | $1,116 |
| Property Taxes | $207 | $2,484 |
| Electricity | $149 | $1,793 |
| Total | $2,011 | $24,132 |
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 |
|---|---|---|
| 2026-02-19 | Listed for sale | $317,000 |
| 2024-04-04 | Sold | $225,000 |
| 2024-03-05 | Pending sale | $225,000 |
| 2024-03-01 | Listed for sale | $225,000 |
