Charming Lakebay retreat offering the perfect blend of comfort, functionality, and outdoor function on a spacious quarter-acre lot. This 3-bedroom home features a light-filled interior with vaulted ceilings, skylights, and an inviting living space with a cozy wood-burning stove. The kitchen is equipped with quartz countertops and stainless-steel appliances, while durable flooring throughout makes for easy maintenance. Outside, the property truly shines with ample RV parking, a detached carport, and expansive yard space ideal for hobbies, storage, or recreational use. Garden enthusiasts will appreciate the multiple raised and built-in garden beds, creating a ready-to-go setup for growing your own food or enjoying a peaceful outdoor lifestyle. Located in the desirable Palmer Lake community, residents enjoy access to a private park, swimming, fishing, and more all just a short drive to Gig Harbor and surrounding amenities. A unique opportunity for full-time living or a relaxing getaway in the South Sound.
Pending inspection
Listed by: eXp Realty • Jaryd Ruffner
Price cut: $15K (4/26)
$317,000
2308 197th Avenue SW, Lakebay, WA 98349
3beds
710sqft
Single Family Residence
Built in 1950
0.25 Acres Lot
$314,100 Zestimate®
$446/sqft
$19/mo HOA
What's special
Cozy wood-burning stoveAmple rv parkingDetached carportLight-filled interiorExpansive yard spaceSpacious quarter-acre lotVaulted ceilings
- 119 days |
- 42 |
- 2 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Jaryd Ruffner,
eXp Realty,
Julia Pardo,
eXp Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2495917
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Bedroom
- Level: Second
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Entry hall
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Stove/Free Standing, Wall Furnace, Electric, Wood
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Microwave, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Microwave(s), Washer(s)
Features
- Ceiling Fan(s)
- Flooring: Hardwood, Laminate
- Windows: Dbl Pane/Storm Window
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 710
- Total interior livable area: 710 sqft
Property
Parking
- Total spaces: 1
- Parking features: Detached Carport, RV Parking
- Carport spaces: 1
Features
- Levels: One and One Half
- Stories: 1
- Entry location: Main
- Patio & porch: Ceiling Fan(s), Dbl Pane/Storm Window, Fireplace, Vaulted Ceiling(s)
Lot
- Size: 0.25 Acres
- Features: Deck, Fenced-Partially, Outbuildings, RV Parking
- Topography: Level
- Residential vegetation: Fruit Trees, Garden Space
Details
- Parcel number: 6661200500
- Special conditions: Short Sale
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 1/2 Stry w/Bsmt
- Property subtype: Single Family Residence
Materials
- Cement Planked, Cement Plank
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1950
- Major remodel year: 2005
Utilities & green energy
- Electric: Company: Peninsula Light Co
- Sewer: Septic Tank
- Water: Public, Company: Washington Water
Community & HOA
Community
- Features: CCRs, Playground
- Subdivision: Palmer Lake
HOA
- Services included: Common Area Maintenance
- HOA fee: $230 annually
Location
- Region: Lakebay
Financial & listing details
- Price per square foot: $446/sqft
- Tax assessed value: $245,300
- Annual tax amount: $2,361
- Date on market: 5/30/2026
- Cumulative days on market: 52 days
- Listing terms: Conventional,FHA,USDA Loan,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Microwave(s), Stove(s)/Range(s), Washer(s)
Estimated market value
$314,100
$298,000 - $330,000
$2,311/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2026 | Pending sale | $317,000$446/sqft |
Source:  NWMLS as distributed by MLS GRID #2495917 Report a problem | ||
| 4/26/2026 | Price change | $317,000-4.5%$446/sqft |
Source: NWMLS as distributed by MLS GRID #2495917 Report a problem | ||
| 3/24/2026 | Listed for sale | $332,000-7.8%$468/sqft |
Source: NWMLS as distributed by MLS GRID #2495917 Report a problem | ||
| 11/18/2025 | Listing removed | $2,200$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/18/2025 | Price change | $2,200-4.3%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/1/2025 | Listed for rent | $2,300+9.5%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/22/2025 | Listing removed | $2,100$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/3/2025 | Price change | $2,100-4.5%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/20/2024 | Listed for rent | $2,200$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/30/2023 | Sold | $360,000$507/sqft |
Source: NWMLS as distributed by MLS GRID #2139363 Report a problem | ||
| 7/26/2023 | Pending sale | $360,000$507/sqft |
Source: NWMLS as distributed by MLS GRID #2139363 Report a problem | ||
| 7/19/2023 | Listed for sale | $360,000+62.9%$507/sqft |
Source: NWMLS as distributed by MLS GRID #NWM2139363 Report a problem | ||
| 6/26/2019 | Sold | $221,000+0.5%$311/sqft |
Source: NWMLS as distributed by MLS GRID #1454654 Report a problem | ||
| 5/13/2019 | Pending sale | $219,950$310/sqft |
Source: Crescent Realty #1454654 Report a problem | ||
| 5/10/2019 | Listed for sale | $219,950+84.8%$310/sqft |
Source: Crescent Realty #1454654 Report a problem | ||
| 8/31/2011 | Listing removed | $119,000$168/sqft |
Source: Key Peninsula Real Estate #243262 Report a problem | ||
| 7/2/2011 | Listed for sale | $119,000-4.7%$168/sqft |
Source: Key Peninsula Real Estate #243262 Report a problem | ||
| 3/24/2011 | Listing removed | $124,900+15.6%$176/sqft |
Source: Owner Report a problem | ||
| 7/16/2009 | Sold | $108,000-13.5%$152/sqft |
Source: Public Record Report a problem | ||
| 4/7/2009 | Price change | $124,900-3.8%$176/sqft |
Source: Owner Report a problem | ||
| 3/1/2009 | Price change | $129,900-11.6%$183/sqft |
Source: Owner Report a problem | ||
| 1/21/2009 | Listed for sale | $147,000$207/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,228 -1.4% | $245,300 +2.1% |
| 2023 | $2,260 +6.2% | $240,300 +2.3% |
| 2022 | $2,128 +3.6% | $235,000 +20.8% |
| 2021 | $2,055 +65.7% | $194,600 +58.7% |
| 2019 | $1,240 -53.2% | $122,600 +14.9% |
| 2018 | $2,649 +20% | $106,700 +13.6% |
| 2017 | $2,207 +173.8% | $93,900 +38.3% |
| 2016 | $806 | $67,900 +20% |
| 2014 | $806 -8.4% | $56,600 +12.3% |
| 2013 | $880 | $50,400 -17.8% |
| 2012 | -- | $61,300 -16.6% |
| 2011 | -- | $73,500 -8.2% |
| 2010 | -- | $80,100 +45.9% |
| 2002 | $764 +4.4% | $54,900 -1.1% |
| 2001 | $731 | $55,500 +9% |
| 2000 | $731 | $50,900 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98349
Nearby schools
GreatSchools rating
- 6/10Evergreen Elementary SchoolGrades: PK-5Distance: 1.4 mi
- 4/10Key Peninsula Middle SchoolGrades: 6-8Distance: 5.4 mi
- 8/10Peninsula High SchoolGrades: 9-12Distance: 13.4 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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