1916 Key Peninsula Highway NW, Lakebay, WA, 98349
About This Home
Affordable One Level Home on Acreage! Situated just 30 minutes from the creature comforts of Gig Harbor on the beautiful Key Peninsula, this nearly 4-acre spread near the tiny town of Home is full of potential. Bring your vision goggles and make it yours. The heavy lifting has already been done: you’ve got a brand-new septic system, an upgraded well, a metal roof, and a heat pump to keep things cozy. Whether you choose to remodel the existing home or utilize the previous 2-bedroom build approval to create something new, you’ll be surrounded by a year-round stream, a private pond, and fruit trees. For the "Bring Your Vision" enthusiast, the remnants of the original homestead and poultry shed are waiting for a creative revival. This property works as hard as you do with 2 driveways and five outbuildings—including a 480sf detached garage, and full RV hookups for your "consultants" (or adventurous guests). A laurel hedge is growing to provide privacy from the road. Whether you’re looking to flip, expand, or establish a multi-generational estate, the infrastructure is in place and the potential is limitless. Bring your plans—Home is calling!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1976
Materials
- Roof: Metal
- Construction materials: Metal/Vinyl
Type & Style
- Home type: MobileManufactured
- Architectural style: Manuf-Double Wide
- Property subType: Manufactured On Land
Interior
Basement
- Basement: None
Bathroom Full
- Level: Main
Bathroom Three Quarter
- Level: Main
Bedroom
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Dining Room
- Level: Main
Entry Hall
- Level: Main
Features
- Bath Off Primary,Dining Room
- Window features: Dbl Pane/Storm Window
- Flooring: Laminate,Vinyl,Carpet
- Number of fireplaces: 1
- Fireplace features: Gas,Main Level: 1,Fireplace
- Fireplace: Yes
Heating & Cooling
- Heating features: Fireplace,Heat Pump,Electric,Propane,Wood
- Cooling features: Heat Pump
Interior Area
- Total structure area: 1,248
- Total interior livable area: 1,248 sqft
Kitchen Without Eating Space
- Level: Main
Living Room
- Level: Main
Master Bedroom
- Level: Main
Utility Room
- Level: Main
Property
Details
- Parcel number: 4585001711
- Special condition: Standard
- Other equipment: Wired for Generator
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Bath Off Primary,Dbl Pane/Storm Window,Dining Room,Fireplace,Wired for Generator
- Has view: Yes
- View description: Territorial
- Topography of land: Level,Steep Slope
- Residential vegetation: Brush,Fruit Trees,Garden Space,Wooded
Lot
- Lot size: 3.86 Acres
- Features: Open Lot,Paved,Value In Land,Deck,High Speed Internet,Outbuildings,RV Parking
Parking
- Total spaces: 2
- Parking features: Driveway,Detached Garage,RV Parking
- Has garage: Yes
- Covered spaces: 2
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 | $1,896 | $22,752 |
| Home Insurance * | $113 | $1,356 |
| Property Taxes | $661 | $7,932 |
| Electricity | $149 | $1,793 |
| Total | $2,819 | $33,828 |
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 |
|---|---|---|
| 2026-05-09 | Listed for sale | $375,000 |
| 2022-06-28 | Sold | $204,000 |
| 2022-06-15 | Pending sale | $200,000 |
| 2022-05-25 | Listed for sale | $200,000 |
| 1993-09-09 | Sold | $30,000 |
View on Zillow