20401 22nd Street SW, Lakebay, WA 98349
What's special
Peaceful Key Peninsula living at its finest! This spacious property is tucked away on a private cul-de-sac and sits on 2.5 private, wooded acreage. Step inside of this home and immediately get met with vaulted ceilings and an open-concept great room anchored by a cozy wood stove. The spacious kitchen is fully updated and features stainless steel appliances, abundant storage, and a full-size corner pantry. The main level offers 3 bedrooms with a large master suite, a private bath, and a generous walk-in closet. Upstairs, a versatile loft-style family room overlooks the living room and leads to an additional bedroom and full bath that is ideal for guests, a home office, or bonus space! Outside, enjoy the serenity of the surrounding trees, an attached 2-car garage, and plenty of additional parking. A rare opportunity to enjoy acreage, privacy, and room to spread out while still being within reach of Gig Harbor and the amenities of the Key Peninsula!
- --
- on Zillow
- 49
- views
- 2
- saves
Travel times
Living Room
Kitchen
Primary Bedroom
Zillow last checked:
Listing updated:
Gervon Simon 206-601-4775 gervon.simon@compass.com,
COMPASS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Other
- Level: Second
Bonus room
- Level: Second
Den office
- Level: Second
Dining room
- Level: Main
Entry hall
- Level: Main
Great room
- Level: Main
Heating
- Fireplace, Stove/Free Standing, Wall Furnace, Electric
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Refrigerator(s), Washer(s)
Features
- Bath Off Primary, Dining Room, High Tech Cabling
- Flooring: Laminate, Vinyl Plank, Carpet
- Windows: Dbl Pane/Storm Window
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 2,289
- Total interior livable area: 2,289 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached Garage
- Has attached garage: Yes
- Covered spaces: 2
Features
- Levels: One and One Half
- Stories: 1
- Entry location: Main
- Patio & porch: Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Fireplace, High Tech Cabling
Lot
- Size: 2.5 Acres
- Features: Cul-De-Sac, Paved, Cable TV, High Speed Internet, Patio
- Topography: Level,Partial Slope
- Residential vegetation: Brush, Garden Space, Wooded
Details
- Parcel number: 2100050300
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 1/2 Story
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 2005
- Major remodel year: 2007
Utilities & green energy
- Sewer: Available
- Water: Public
Community & HOA
Community
- Features: CCRs
- Subdivision: Key Peninsula South
HOA
- Services included: Road Maintenance
- HOA fee: $250 annually
Location
- Region: Lakebay
Financial & listing details
- Price per square foot: $258/sqft
- Tax assessed value: $585,100
- Annual tax amount: $4,634
- Date on market: 10/15/2026
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Price history
| Date | Event | Price |
|---|---|---|
| 10/15/2026 | Listed for sale | $590,000+73.5%$258/sqft |
Source:  NWMLS as distributed by MLS GRID #2595058 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/21/2017 | Sold | $340,000+6.3%$149/sqft |
Source: NWMLS as distributed by MLS GRID #1150147 Report a problem | ||
| 10/5/2016 | Sold | $319,777$140/sqft |
Source: NWMLS as distributed by MLS GRID #961792 Report a problem | ||
| 6/17/2016 | Listing removed | $319,777$140/sqft |
Source: Owner Report a problem | ||
| 6/16/2016 | Listed for sale | $319,777+587.7%$140/sqft |
Source: Owner Report a problem | ||
| 12/30/2004 | Sold | $46,500$20/sqft |
Source: NWMLS as distributed by MLS GRID #24119947 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,187 +11.9% | $585,100 +10.8% |
| 2024 | $4,634 +1% | $528,200 +4.7% |
| 2023 | $4,590 +2.7% | $504,500 -1.4% |
| 2022 | $4,467 +13.9% | $511,600 +33.1% |
| 2021 | $3,923 +17.1% | $384,300 +21.3% |
| 2019 | $3,350 +3.4% | $316,700 +1.9% |
| 2018 | $3,241 +12.9% | $310,800 +15.4% |
| 2017 | $2,871 +14.4% | $269,300 +25.3% |
| 2016 | $2,509 | $215,000 +9.6% |
| 2014 | $2,509 +4.2% | $196,100 +2.9% |
| 2013 | $2,408 | $190,500 +4.2% |
| 2012 | -- | $182,800 -14.7% |
| 2011 | -- | $214,200 -5.6% |
| 2010 | -- | $227,000 |
Monthly payment
Estimated market value
$615,900
$585,000 - $647,000
$3,143/mo
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.