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  • Listed by: Morrison House Sotheby's Intl • Christopher Floyd
    Price cut: $8K (7/2)
    $309,000

    406 E Madrona Boulevard NW, Lakebay, WA 98349

    1beds
    864sqft
    : 
    $2,258/mo
    Get pre-qualified
    Single Family Residence
    Built in 1982
    0.59 Acres Lot
    $-- Zestimate®
    $358/sqft
    $315/mo HOA

    What's special

    Deer roam at willBonus roomEagles circle overheadAll-new appliancesDeer-proof fenced garden area
    Board the ferry, watch the mainland fade into the distance, and step onto a place most people never even know exists. Herron Island is one of Puget Sound's last private islands, a tight-knit community of just over 100 neighbors where eagles circle overhead, deer roam at will, and the rest of the world genuinely feels far away. Fill your days at North Beach Park, along the natural shoreline of South Beach, or relaxing at Goodpastor Park. It's the kind of island people stumble onto and can't stop thinking about afterward. This 1-bedroom, 1-bath bungalow with a bonus room sits on just over half an acre, one of the island's larger buildable lots, and has been thoughtfully improved with a full gut renovation of the kitchen and bathroom plus all-new appliances. The groundwork for a little homestead is already here: a deer-proof, fenced garden area where dahlias once flourished, and a chicken coop ready for new tenants. Use it as your personal escape, rent it out while you're away, or hold onto it and build something bigger down the road. HOA covers water. Access is via the community ferry, the Charlie Wells, a 10-minute crossing that makes all the difference. Step off the ferry and you'll pass a general store currently under construction, close enough that your ice cream won't have a chance to melt.
    159 days
    |
    217
    |
    14
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Christopher Floyd,

    Morrison House Sotheby's Intl

    Source: NWMLS as distributed by MLS GRID,MLS#: 2463344MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bathrooms: 1
      Primary bedroom
      • Level: Second
      Bathroom full
      • Level: Main
      Other
      • Level: Main
      Entry hall
      • Level: Main
      Kitchen with eating space
      • Level: Main
      Living room
      • Level: Main
      Utility room
      • Level: Main
      Heating
      • Fireplace, Ductless, Electric, Wood
      Cooling
      • Ductless
      Appliances
      • Included: Dishwasher, Dryer, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Refrigerator(s), Washer(s)
      Features
      • Flooring: Laminate
      • Basement: None
      • Number of fireplaces: 1
      • Fireplace features: Wood Burning, Main Level: 1, Fireplace
      Interior area
      • Total structure area: 864
      • Total interior livable area: 864 sqft

      Property

      Parking
      • Parking features: Driveway, Off Street
      Features
      • Levels: Two
      • Stories: 2
      • Entry location: Main
      • Patio & porch: Fireplace
      Lot
      • Size: 0.59 Acres
      • Features: Deck, Fenced-Partially, Green House, Outbuildings
      • Topography: Level
      • Residential vegetation: Fruit Trees, Garden Space
      Details
      • Parcel number: 4450500661
      • Zoning: R10
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: 2 Story
      • Property subtype: Single Family Residence
      Materials
      • Wood Siding
      • Foundation: Block
      • Roof: Composition
      Condition
      • Year built: 1982
      • Major remodel year: 1982

      Utilities & green energy

      • Electric: Company: Peninsula Lignt Co
      • Sewer: Septic Tank, Company: Septic
      • Water: Community, Company: Herron Island Water Depart

      Community & HOA

      Community
      • Features: Boat Launch, CCRs, Clubhouse, Park, Playground
      • Subdivision: Herron Island
      HOA
      • Services included: Road Maintenance, See Remarks, Water
      • HOA fee: $315 monthly
      • HOA phone: 253-884-9350
      Location
      • Region: Lakebay

      Financial & listing details

      • Price per square foot: $358/sqft
      • Tax assessed value: $242,800
      • Annual tax amount: $2,131
      • Date on market: 2/19/2026
      • Cumulative days on market: 160 days
      • Listing terms: Conventional,Rehab Loan
      • Inclusions: Dishwasher(s), Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,937/mo

        Price history

        DateEventPrice
        7/2/2026Price change$309,000-2.5%$358/sqft
        Source: NWMLS as distributed by MLS GRID #2463344 Report a problem
        2/19/2026Listed for sale$317,000+40.9%$367/sqft
        Source: NWMLS as distributed by MLS GRID #2463344 Report a problem
        4/4/2024Sold$225,000$260/sqft
        Source: NWMLS as distributed by MLS GRID #2204718 Report a problem
        3/5/2024Pending sale$225,000$260/sqft
        Source: NWMLS as distributed by MLS GRID #2204718 Report a problem
        3/1/2024Listed for sale$225,000$260/sqft
        Source: NWMLS as distributed by MLS GRID #2204718 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$2,131 +4%$242,800 +8.1%
        2023$2,049 +12.4%$224,700 +8.8%
        2022$1,823 +12%$206,600 +31.3%
        2021$1,628 +39.8%$157,300 +31.6%
        2019$1,164 +11.5%$119,500 +14.4%
        2018$1,044 +7.6%$104,500 +26.2%
        2017$971 -13.3%$82,800 -8.3%
        2016$1,120 $90,300 +5.4%
        2014$1,120 -6.9%$85,700 +0.6%
        2013$1,202 $85,200 -5.2%
        2012-- $89,900 -14.7%
        2011-- $105,400 -7.8%
        2010-- $114,300
        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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 98349

        Getting around

        0 / 100
        Car-Dependent
        2 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • 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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