Lakebay Homes under $300,000

Welcome to Lakebay, Washington – a hidden gem nestled in the heart of Pierce County. This charming community offers a serene retreat surrounded by the natural beauty of the Pacific Northwest. With its picturesque views of the Puget Sound and the majestic Olympic Mountains, Lakebay is an idyllic setting for those looking to escape the hustle and bustle of city life while still enjoying the conveniences of modern living.

Lakebay is known for its friendly atmosphere and tight-knit community, making it an ideal place for families, retirees, and anyone looking to embrace a relaxed lifestyle. Outdoor enthusiasts will appreciate the abundance of recreational opportunities, from boating and fishing on the pristine waters to hiking through lush forests and scenic trails. The nearby parks and waterfront access provide ample space for picnics, kayaking, and exploring the stunning landscapes that define this area.

For those seeking affordable housing options, Lakebay offers a variety of homes under $300,000, making it an attractive choice for first-time homebuyers and savvy investors alike. These charming residences range from cozy cabins to modern single-family homes, providing a unique blend of character and comfort. With the current real estate market in Lakebay, you can find a property that suits your lifestyle without breaking the bank.

Embrace the tranquility and charm of Lakebay, where affordable living meets breathtaking scenery. Discover your dream home in this vibrant community, and experience the best of what Washington has to offer!

Newest Lakebay Homes under $300,000

$299,000

3 Beds ⋅ 3 Baths ⋅ 2598378 MLS ⋅ ACTIVE Status

Escape to your own slice of island life! This 1,370 sq. ft. cabin sits on Herron Island, accessible by private ferry, and offers 3 bedrooms and 2.5 baths across a layout built for gathering. Originally built in 1966, the home has seen thoughtful additions and updates over the years, including a durable metal roof. Step into a cozy living room with fireplace, open to the kitchen for easy entertaining. The main floor also features a laundry room with half bath, two bedrooms, a full bathroom, and a family room with a hide-away bed for extra guests. Upstairs, a private bedroom retreat awaits with its own 3/4 bath and covered deck, the perfect spot to soak in the filtered water views. Enjoy an easy stroll to the community beach, boat launch, seasonal docks, parks, and trails. The detached garage currently serves as a workshop, ready for your next project. Sale includes an additional vacant lot for a total of 0.80 acres, all tucked along a quiet island cul-de-sac road.

1207 E Madrona Boulevard NW, Lakebay

Listing Broker: Morrison House Sotheby's Intl; Christopher Floyd; 253-220-5700; epicPNWhomes@gmail.com

$275,000

3 Beds ⋅ 2 Baths ⋅ 2598393 MLS ⋅ ACTIVE Status

Experience all that lakefront living has to offer, while recreating or relaxing from this one-level view home ideally situated on a premier lot adjacent to Palmer Lake. Complete with picturesque gardens and a lawn that gently slopes toward the lake, the property offers a sense of peaceful retreat and endless opportunities from the private community swimming and fishing docks, picnic areas, and park. Bordered by a green belt for privacy, the home features 3 bedrooms and 2 baths, living room connected to a large kitchen with dining space, newer floors, patio for entertaining, fenced back yard, and ample parking. Appreciate the Palmer Lake sense of community and enjoy nearby Joemma and Penrose State Parks on the Puget Sound.

19116 21st Street SW, Lakebay

Listing Broker: eXp Realty; Berklee Olson; 209-819-0528; berkleeo@gmail.com

$298,892

3 Beds ⋅ 2 Baths ⋅ 2594777 MLS ⋅ ACTIVE Status

Bring your own personal touches to this sparkling freshly remodeled 3 bedroom 2 bath Manufactured home. Brand new Kitchen, all fresh Paint, new flooring, windows and recent roof and water heater make this the maintenance free path to community water front good times! Its big back yard is a wonderful private haven.

19518 28th Street SW, Lakebay

Listing Broker: Realty West Properties; David B. Watkins; 206-510-7672; thedbwatkins@gmail.com

$289,000

1 Beds ⋅ 1 Baths ⋅ 2572099 MLS ⋅ ACTIVE Status

Catch the ferry, watch the shoreline shrink behind you, and arrive somewhere most people don't even know is real. Herron Island is one of the last privately-owned islands in Puget Sound, home to a close community of just over 100 residents, where eagles wheel overhead, deer wander freely, and the noise of everyday life feels miles away. Spend your time at North Beach Park, the untouched shoreline of South Beach, or the quiet of Goodpastor Park. It's the kind of place visitors stumble upon and keep thinking about long after they leave. This 1-bedroom, 1-bath bungalow with a versatile bonus room sits on just over half an acre — one of the island's bigger buildable lots — and has already been upgraded with a complete kitchen and bathroom remodel plus brand-new appliances. The foundation for a mini homestead is in place too: a fenced, deer-proof garden bed where dahlias used to bloom, and a chicken coop waiting for its next flock. Keep it as a private getaway, list it as a rental when you're not around, or hang onto it as a launchpad for something larger later. HOA includes water. You'll reach the island via the community ferry, the Charlie Wells, a quick 10-minute ride that changes everything.

406 E Madrona Drive, Lakebay

Listing Broker: Morrison House Sotheby's Intl; Christopher Floyd; 253-220-5700; epicPNWhomes@gmail.com

$219,950

3 Beds ⋅ 1 Baths ⋅ 2534158 MLS ⋅ ACTIVE Status

Here is the diamond in the rough you always hear about! Property has 2.35 acres with water, power and a three bedroom septic. The mobile home is a tear down and of no value. Seller is unable to do any cleanup. Property has a lot of old vehicles. Most in some form of disrepair and have been stripped of wiring. Enter the property at your own risk. Must be accompanied by a licensed broker.

1310 Key Peninsula Highway NW, Lakebay

Listing Broker: John L. Scott R.E. Lake Tapps; Chris Engrave; 253-219-3000; puyalluprealtor@gmail.com

$189,900

2 Beds ⋅ 1 Baths ⋅ 2533508 MLS ⋅ ACTIVE Status

Island living doesn’t get more charming than this! Tucked away on ferry-access-only Herron Island, this 2-bedroom, 1-bath home offers beautiful water views, abundant wildlife, and the peaceful escape you’ve been looking for. Located just about 25 minutes outside of Seattle, this charming island retreat makes a fantastic vacation getaway or weekend escape. The island’s friendly resident deer are frequent visitors, adding to the one-of-a-kind experience. Enjoy slow mornings and relaxing evenings on the oversized covered deck while taking in the quiet surroundings and beautiful scenery. With resident-only access, Herron Island offers a private, peaceful atmosphere while still keeping you within reach of the city. Whether you’re looking for a vacation spot, weekend retreat, or a place to simply get away from it all, this island gem is ready and waiting—come make it your own!

819 E Madrona Boulevard NW, Lakebay

Listing Broker: Amo Realty; Anita Monk; 360-277-8803; Sellwithmom@gmail.com

$299,900

2 Beds ⋅ 2 Baths ⋅ 2492798 MLS ⋅ ACTIVE Status

Slow down, you’ve made it to Herron Island — a private island community where life moves to the rhythm of the water, and the ferry ride on the Charlie Wells becomes part of your daily unwind. This single-level cabin, just shy of 1,500 square feet, offers easy, comfortable living with 2 bedrooms and 2 baths. The primary suite is spacious and filled with natural light, complete with its own ensuite bath (including washer/dryer plus walk-in closet. The second bedroom is generously sized for guests, hobbies, or quiet retreat. The heart of the home is the open living area that flows into the kitchen and dining space — perfect for slow mornings with coffee or relaxed evenings after a day on the beach. A small office nook makes working remotely feel a little less like work. Upstairs, a loft storage area keeps things practical, while the enclosed porch (not included in the square footage) invites you to linger a little longer with a book or a glass of wine. Set on a level 0.61-acre lot, there’s room to dream — a future garage, workshop, garden, or simply wide-open space to enjoy the privacy and peace that island living brings. The cabin could use some updating, but it’s completely livable as-is — giving you the chance to settle in first and make it your own over time. If you’ve been craving a place where weekends stretch longer and the mainland feels a world away, this might be it. Enjoy community features such as the beaches, trails, boat launch, seasonal boat docks & more!!

402 E Madrona Boulevard NW, Lakebay

Listing Broker: Better Properties Gig Harbor; Karen D. Dorans; 253-219-4076; karen@herronisland.com

$180,000

2487098 MLS ⋅ ACTIVE Status

Tucked away on private Herron Island, this rare ½-acre property with water views offers the perfect blend of peaceful island living and future potential. Accessible by ferry, this is your opportunity to own a true Pacific Northwest retreat. The property is cleared and build-ready, featuring a permitted 320 sq ft custom tiny home (classified as an outbuilding) set on a foundation with electricity and water already connected. The tiny home includes a main-level kitchen with mini fridge and microwave, dining area, and living space with large pull-out bed, plus an upstairs loft for additional sleeping or office space. A major bonus—sellers have completed a 3-bedroom septic design with a recently approved permit, making this property primed for expansion. Live simply in the existing tiny home while you build, create a private getaway, or explore Airbnb/short-term rental potential. Additional features include a 10x10 shed, dog kennel, and even a paddleboat. Herron Island is a private community offering incredible amenities: North Beach Park with sandy beachfront, boat launch, dock, kayak racks, and covered picnic area, plus South Beach Park, scenic trails, and a vibrant community. Whether you're searching for a tiny home escape, build-ready land with utilities, or a unique investment opportunity, this property delivers. Peaceful, private, and about an hour from Tacoma and Puyallup—your island retreat awaits.

826 E Herron Blvd NW, Lakebay

Listing Broker: Keller Williams Realty PS; Katie Lowder; 253-678-2709; katielowder@kw.com

$224,900

3 Beds ⋅ 2 Baths ⋅ 2461035 MLS ⋅ ACTIVE Status

Live the Island life! Have you ever wanted to have your personal Hide-away? A place where you pretty much know all your neighbors, and at the same time, the feeling that your living at a resort. Herron Island is a hidden gem in Puget Sound. The whole Island is one Homeowner association, owning waterfront park, their own ferry boat, plus playfields. Public water system and on Island fire station you are not without everything you need. The home here offers a rustic environmental feeling, but very functional. Primary suite on the main level, with two more bedrooms upstairs. Big living room with wood stove fireplace and large entertainment area with a lot of windows. You will absolutely want to see this for yourself.

22115 Maple Drive NW, Lakebay

Listing Broker: Washington Realty Group; Jim Clifford; 253-826-7513; jimclifford@wrgpra.com

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Lakebay Homes under $300,000

Newest Lakebay Homes under $300,000

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