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Sold
    • Listed by: RE/MAX Exclusive • Stephanie L. Patrick
    Bought with: Collison Realty LLC
    $895,000

    2723 Key Peninsula Highway SW, Lakebay, WA 98349

    4beds
    2,534sqft
    Single Family Residence
    Built in 1940
    10 Acres Lot
    $889,400 Zestimate®
    $353/sqft
    $2,871 Estimated rent

    Home value

    $889,400

    $845,000 - $934,000

    $2,871/mo

    Zestimate® history
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    What's special

    Loafing shedPasture for horsesDetached garageSeasonal duck pondMain-level primary suiteInviting craftsman farmhousePeaceful farm setting
    Dreaming of country living with endless potential? This picturesque 10-acre hobby farm offers the perfect blend of rustic charm, functionality, and opportunity. The property features pasture for horses, a loafing shed, mini-barn, detached garage, huge pole building/shop, a seasonal duck pond, and a truly special original homestead barn over 100 years old, ready to be restored to its former glory or reimagined as a one-of-a-kind venue for gatherings, barn parties, or harvest celebrations. The inviting Craftsman farmhouse is full of warmth and character, highlighted by a large covered front porch made for sipping lemonade or sweet tea while taking in the peaceful farm setting. Adding to the property’s charm is a mature orchard featuring 16 varieties of apples, Asian pears, and plums, creating a beautiful and fruitful extension of the farm lifestyle. Inside, you’ll find a main-level primary suite, a charming country kitchen with pot-belly stove, a dining room overlooking the property, plus 3 upstairs bedrooms and an office/bonus room. Recently improved pricing reflects a seller who is prepared and ready for the next chapter, presenting a compelling opportunity for buyers seeking value and lifestyle. Whether you’re dreaming of animals, gardens, entertaining, or simply room to roam, this property is rich with possibility.

    Zillow last checked:

    Listing updated:

    Listed by:

    Stephanie L. Patrick,

    RE/MAX Exclusive

    Bought with:

    Michelle Garrett, 24027210

    Collison Realty LLC

    Julie M. Collison, 18148

    Collison Realty LLC

    Source: NWMLS as distributed by MLS GRID,MLS#: 2499275MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 1
    • 3/4 bathrooms: 1
    • Main level bathrooms: 2
    • Main level bedrooms: 1
    Primary bedroom
    • Level: Main
    Bedroom
    • Level: Second
    Bedroom
    • Level: Second
    Bedroom
    • Level: Second
    Bathroom full
    • Level: Main
    Bathroom three quarter
    • Level: Main
    Bonus room
    • Level: Second
    Den office
    • Level: Main
    Entry hall
    • Level: Main
    Kitchen with eating space
    • Level: Main
    Living room
    • Level: Main
    Utility room
    • Level: Main
    Heating
    • Fireplace, Forced Air, Heat Pump, Stove/Free Standing, Electric
    Cooling
    • Forced Air, Heat Pump
    Appliances
    • Included: Dishwasher, Double Oven, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s)
    Features
    • Bath Off Primary, Ceiling Fan(s), Dining Room
    • Flooring: Ceramic Tile, Hardwood, Vinyl, Carpet
    • Windows: Dbl Pane/Storm Window, Skylight(s)
    • Basement: None
    • Number of fireplaces: 2
    • Fireplace features: Wood Burning, Main Level: 2, Fireplace
    Interior area
    • Total structure area: 2,534
    • Total interior livable area: 2,534 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Detached Carport, Driveway, Detached Garage, RV Parking
    • Has garage: Yes
    • Has carport: Yes
    • Covered spaces: 4
    Features
    • Levels: One and One Half
    • Stories: 1
    • Entry location: Main
    • Patio & porch: Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, Skylight(s), Wet Bar
    • Has view: Yes
    • View description: Pond, Territorial
    • Has water view: Yes
    • Water view: Pond
    Lot
    • Size: 10 Acres
    • Features: Barn, Cable TV, Deck, Fenced-Partially, Green House, High Speed Internet, Outbuildings, Patio, RV Parking, Shop
    • Topography: Equestrian,Level,Rolling
    • Residential vegetation: Fruit Trees, Garden Space, Pasture
    Details
    • Parcel number: 0020114010
    • Zoning description: Jurisdiction: County
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: 1 1/2 Story
    • Property subtype: Single Family Residence
    Materials
    • Wood Siding, Wood Products
    • Foundation: Poured Concrete
    • Roof: Composition
    Condition
    • Year built: 1940

    Utilities & green energy

    • Electric: Company: Peninsula Light Company
    • Sewer: Septic Tank, Company: Septic
    • Water: Individual Well, Company: Individual Well

    Community & HOA

    Community
    • Subdivision: Lakebay
    Location
    • Region: Lakebay

    Financial & listing details

    • Price per square foot: $353/sqft
    • Tax assessed value: $775,900
    • Annual tax amount: $6,825
    • Date on market: 6/24/2026
    • Cumulative days on market: 54 days
    • Listing terms: Conventional,FHA,VA Loan
    • Inclusions: Dishwasher(s), Double Oven, Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)

    Price history

    DateEventPrice
    7/17/2026Sold$895,000-2.2%$353/sqft
    Source: NWMLS as distributed by MLS GRID #2499275 Report a problem
    5/26/2026Pending sale$915,000$361/sqft
    Source: NWMLS as distributed by MLS GRID #2499275 Report a problem
    4/24/2026Price change$915,000-2.6%$361/sqft
    Source: NWMLS as distributed by MLS GRID #2499275 Report a problem
    4/3/2026Listed for sale$939,000+111.1%$371/sqft
    Source: NWMLS as distributed by MLS GRID #2499275 Report a problem
    4/25/2017Sold$444,719-1.1%$176/sqft
    Source: NWMLS as distributed by MLS GRID #958209 Report a problem
    3/16/2017Pending sale$449,500$177/sqft
    Source: RE/MAX Metro Realty, Inc. #958209 Report a problem
    9/13/2016Price change$449,500-4.3%$177/sqft
    Source: RE/MAX METRO REALTY #958209 Report a problem
    6/13/2016Listed for sale$469,500+102.4%$185/sqft
    Source: RE/MAX METRO REALTY #958209 Report a problem
    6/8/2001Sold$232,000$92/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,825 +6.3%$775,900 +5.1%
    2024$6,424 +0.4%$738,500 +4.1%
    2023$6,399 +3.2%$709,600 -0.9%
    2022$6,200 +9.4%$716,400 +27.6%
    2021$5,668 +28.1%$561,500 +16.3%
    2019$4,426 +5.5%$482,900 +16.4%
    2018$4,195 +11.9%$414,700 +17.8%
    2017$3,747 +20.3%$352,000 +23.6%
    2016$3,115 $284,800 +15.9%
    2014$3,115 +1.6%$245,700 +0.6%
    2013$3,065 $244,200 +4%
    2012-- $234,900 -15.4%
    2011-- $277,700 -9.3%
    2010-- $306,100 -12.5%
    2009$3,223 +30.6%$349,700 -0.6%
    2008$2,468 $351,700 +28.4%
    2007$2,468 +12.1%$273,900 +58.2%
    2002$2,201 -2.2%$173,100 +5.2%
    2001$2,250 $164,500 +1.9%
    2000$2,250 $161,400
    Find assessor info on the county website

    Neighborhood: 98349

    Nearby homes

    Nearby schools

    GreatSchools rating
    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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