Key Peninsula area Ranch Style on 3 acres! MULTI-GENERATIONAL LIVING OPPORTUNITY. Easy commute to Gig Harbor, minutes from Penrose Point & Joemma Beach State Parks. Home features modern kitchen, updated bathrooms, & attached two-car garage. Enjoy an open-concept living area with a west facing territorial view. The detached 1296 SF garage/flex space is complete with kitchen & 3/4 bath, heat pump/air conditioning, finished space for hobbies, entertaining. Another outbuilding serves as a home office. Two fenced pastures & fruit trees on site. Large paved parking area includes two RV hookup locations w/power & water. Great schools. This unique property promises comfort & convenience, with endless possibilities as a base for outdoor adventures!
Sold
Listed by: Windermere PeninsulaProperties
Bought with: Up Realty, Inc.
$670,000
22 Key Peninsula Highway SW, Lakebay, WA 98349
3beds
1,558sqft
Single Family Residence
Built in 2000
3 Acres Lot
$654,100 Zestimate®
$430/sqft
$2,682 Estimated rent
Home value
$654,100
$608,000 - $706,000
$2,682/mo
Zestimate® history
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List your homeWhat's special
Fruit treesRanch styleTwo fenced pasturesModern kitchenFinished space for hobbiesUpdated bathroomsWest facing territorial view
Zillow last checked:
Listing updated:
Listed by:
Cheri Gale,
Windermere PeninsulaProperties,
Bob Flett,
Windermere PeninsulaProperties
Bought with:
Jansen Braaten, 129690
Up Realty, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2317723
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 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 three quarter
- Level: Main
Other
- Level: Garage
Dining room
- Level: Main
Entry hall
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Forced Air, Electric
Cooling
- Ductless
Appliances
- Included: Dishwasher(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s), Water Heater: Electric, Water Heater Location: Laundry Room
Features
- Bath Off Primary, Ceiling Fan(s)
- Flooring: Laminate, Vinyl, Carpet
- Windows: Double Pane/Storm Window
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,558
- Total interior livable area: 1,558 sqft
Property
Parking
- Total spaces: 3
- Parking features: Attached Garage, Detached Garage, Off Street, RV Parking
- Attached garage spaces: 3
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Bath Off Primary, Ceiling Fan(s), Double Pane/Storm Window, Fireplace, Laminate, Walk-In Pantry, Water Heater
- Has view: Yes
- View description: Territorial
Lot
- Size: 3 Acres
- Features: Cable TV, Outbuildings, RV Parking
- Topography: Level,Partial Slope
- Residential vegetation: Brush, Garden Space, Wooded
Details
- Parcel number: 0020021022
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Northwest Contemporary
- Property subtype: Single Family Residence
Materials
- Cement Planked, Wood Siding, Wood Products, Cement Plank
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 2000
Utilities & green energy
- Electric: Company: Peninsula Light
- Sewer: Septic Tank, Company: On-site Septic System
- Water: Individual Well, Private, Company: Private Well
Community & neighborhood
Location
- Region: Lakebay
- Subdivision: Lakebay
Other
Other facts
- Listing terms: Conventional,USDA Loan,VA Loan
- Cumulative days on market: 377 days
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2025 | Sold | $670,000-4.1%$430/sqft |
Source:  NWMLS as distributed by MLS GRID #2317723 Report a problem | ||
| 3/16/2025 | Pending sale | $699,000$449/sqft |
Source: NWMLS as distributed by MLS GRID #2317723 Report a problem | ||
| 12/20/2024 | Listed for sale | $699,000+141.9%$449/sqft |
Source: NWMLS as distributed by MLS GRID #2317723 Report a problem | ||
| 9/14/2016 | Listing removed | $289,000+3.9%$185/sqft |
Source: Keller Williams - Gig Harbor #914992 Report a problem | ||
| 8/26/2016 | Sold | $278,219-7.2%$179/sqft |
Source: NWMLS as distributed by MLS GRID #914992 Report a problem | ||
| 12/2/2015 | Listing removed | $299,950$193/sqft |
Source: The Force Realty #864268 Report a problem | ||
| 10/28/2015 | Listed for sale | $299,950+1053.7%$193/sqft |
Source: The Force Realty #864268 Report a problem | ||
| 8/19/1997 | Sold | $26,000$17/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,733 +0.7% | $539,800 +4.4% |
| 2023 | $4,700 +3.4% | $517,000 -0.8% |
| 2022 | $4,547 +9.1% | $521,000 +27.3% |
| 2021 | $4,168 +19.3% | $409,200 +21.4% |
| 2019 | $3,492 +4.5% | $337,100 +3.9% |
| 2018 | $3,341 +12.8% | $324,500 +16.7% |
| 2017 | $2,961 +55.3% | $278,000 +23.9% |
| 2016 | $1,907 | $224,300 +9.6% |
| 2014 | $1,907 +1.9% | $204,600 +2.4% |
| 2013 | $1,871 | $199,800 +3.8% |
| 2012 | -- | $192,400 -14.9% |
| 2011 | -- | $226,000 -7% |
| 2010 | -- | $243,000 -11.2% |
| 2009 | -- | $273,800 -1% |
| 2008 | $1,424 | $276,500 +5.1% |
| 2007 | $1,424 -26.5% | $263,000 +79% |
| 2002 | $1,936 +5% | $146,900 +1.7% |
| 2001 | $1,844 | $144,400 |
Find assessor info on the county website
Neighborhood: 98349
Nearby schools
GreatSchools rating
- 6/10Evergreen Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 4/10Key Peninsula Middle SchoolGrades: 6-8Distance: 3.5 mi
- 8/10Peninsula High SchoolGrades: 9-12Distance: 11.2 mi
Schools provided by the listing agent
- Elementary: Evergreen Elem
- Middle: Key Peninsula Mid
- High: Peninsula High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$654,100
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$654,100
- Washington
- Pierce County
- Lakebay
- 98349
- 22 Key Peninsula Highway SW
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