Nestled in a tranquil country setting, this gorgeous 9-acre retreat offers peaceful living just minutes from Key Center! This charming one story home boasts vaulted ceilings that bring in beautiful natural light. Enjoy fresh fruit from your orchard and stroll the meandering trails throughout the property. Your animals can stretch out in the barn with two oversized stalls, complete with a fully insulated and heated tack room. A 30x36 ft shop is ideal for the car enthusiast or has ample room to store all your recreational toys. Work from home in your detached bonus space or use as playroom. Perfect for a hobby farm or bring the dirt bikes and quads. Set far back from the highway, you can relish the seclusion of your personal sanctuary.
Sold
Listed by: COMPASS • Amber Eaden
Bought with: PNW Towns and Sound
$995,000
5227 Key Peninsula Highway NW, Lakebay, WA 98349
4beds
3,039sqft
Single Family Residence
Built in 2006
9.1 Acres Lot
$995,700 Zestimate®
$327/sqft
$3,712 Estimated rent
Home value
$995,700
$936,000 - $1.07M
$3,712/mo
Zestimate® history
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List your homeWhat's special
Meandering trailsDetached bonus spaceBeautiful natural lightVaulted ceilingsCharming one story home
Zillow last checked:
Listing updated:
Listed by:
Amber Eaden,
COMPASS,
Nicole Ji,
COMPASS
Bought with:
Loretta Stewart, 73489
PNW Towns and Sound
Source: NWMLS as distributed by MLS GRID,MLS#: 2421576
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 3
- Main level bedrooms: 4
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Other
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Rec room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Forced Air, Heat Pump, High Efficiency (Unspecified), Stove/Free Standing, Electric, Wood
Cooling
- Forced Air, Heat Pump
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s), Water Heater: electric, Water Heater Location: Rec Room
Features
- Bath Off Primary, Dining Room
- Flooring: Bamboo/Cork, Ceramic Tile
- Windows: Skylight(s)
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 3,039
- Total interior livable area: 3,039 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Detached Garage, RV Parking
- Has garage: Yes
- Covered spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Bath Off Primary, Dining Room, Fireplace, Hot Tub/Spa, Jetted Tub, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s), Water Heater, Wired for Generator
- Has spa: Yes
- Spa features: Indoor, Bath
- Has view: Yes
- View description: Territorial
Lot
- Size: 9.1 Acres
- Features: Secluded, Arena-Outdoor, Barn, Fenced-Partially, Gated Entry, Hot Tub/Spa, Outbuildings, Patio, RV Parking, Shop
- Topography: Equestrian,Level
- Residential vegetation: Brush, Fruit Trees, Garden Space, Pasture, Wooded
Details
- Parcel number: 0021137001
- Zoning: R10
- Zoning description: Jurisdiction: County
- Special conditions: Standard
- Other equipment: Leased Equipment: No, Wired for Generator
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subtype: Single Family Residence
Materials
- Cement/Concrete
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 2006
- Major remodel year: 2006
Utilities & green energy
- Electric: Company: Peninsula Light
- Sewer: Septic Tank, Company: septic
- Water: Individual Well, Private, Company: private well
- Utilities for property: Century Link
Community & HOA
Community
- Subdivision: Lakebay
Location
- Region: Lakebay
Financial & listing details
- Price per square foot: $327/sqft
- Tax assessed value: $874,000
- Annual tax amount: $7,575
- Date on market: 9/21/2025
- Cumulative days on market: 304 days
- Listing terms: Conventional
- Inclusions: Dishwasher(s), Dryer(s), Leased Equipment, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Price history
| Date | Event | Price |
|---|---|---|
| 2/27/2026 | Sold | $995,000$327/sqft |
Source:  NWMLS as distributed by MLS GRID #2421576 Report a problem | ||
| 2/20/2026 | Pending sale | $995,000$327/sqft |
Source: NWMLS as distributed by MLS GRID #2421576 Report a problem | ||
| 8/15/2025 | Listed for sale | $995,000+172.7%$327/sqft |
Source: NWMLS as distributed by MLS GRID #2421576 Report a problem | ||
| 9/26/2007 | Sold | $364,900+257.7%$120/sqft |
Source: NWMLS as distributed by MLS GRID #27117771 Report a problem | ||
| 1/17/2006 | Sold | $102,000$34/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,575 +4.6% | $874,000 +8.5% |
| 2023 | $7,243 +3.6% | $805,300 -0.6% |
| 2022 | $6,990 +8.3% | $809,900 +26.2% |
| 2021 | $6,456 +22% | $641,600 +19.3% |
| 2019 | $5,294 -3.4% | $537,700 +7.8% |
| 2018 | $5,480 +17.2% | $498,700 +7.6% |
| 2017 | $4,675 +15.4% | $463,500 +38.2% |
| 2016 | $4,053 | $335,500 +4% |
| 2014 | $4,053 +11.2% | $322,600 +8.4% |
| 2013 | $3,646 | $297,500 +5.8% |
| 2012 | -- | $281,200 -13.8% |
| 2011 | -- | $326,100 -6.7% |
| 2010 | -- | $349,500 -8.8% |
| 2009 | -- | $383,100 -8.2% |
| 2008 | $3,101 | $417,100 +20.9% |
| 2007 | $3,101 | $345,100 |
Find assessor info on the county website
Neighborhood: 98349
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Nearby schools
GreatSchools rating
- 6/10Evergreen Elementary SchoolGrades: PK-5Distance: 4.6 mi
- 4/10Key Peninsula Middle SchoolGrades: 6-8Distance: 0.4 mi
- 8/10Peninsula High SchoolGrades: 9-12Distance: 8.3 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
$995,700
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Estimated market value
$995,700
- Washington
- Pierce County
- Lakebay
- 98349
- 5227 Key Peninsula Highway NW
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