$10,000

closing credit¹

5227 Key Peninsula Hwy NW Lakebay, WA 98349

$999,000
4 beds
2 full, 1 partial
3,168 sqft
9.1 acres
$315 / sqft
House

Property details

About 5227 Key Peninsula Hwy NW

One level Ranch Home on a shy 10 picturesque acres (2 separate parcels)! Horse-ready sprawling rambler boasts 3,168 SF of spacious living. The previous Buyer could not perform, all work orders completed, we are ready to close quickly! Featuring a sitting porch and 2 covered patios—perfect for enjoying serene Sunrises and Sunsets. The property includes a HUGE shop/garage, an orchard w/a variety of mature fruit trees, & a She Shed. Gated, fenced/cross-fenced for privacy & security. With a modern heat pump for year-round comfort & an amazing wood stove for those chilly nights. This is a private setting just minutes from Key Center IGA, boat launch, Volunteer Park, Schools & close to Gig Harbor.

Highlights

HeatingHeat Pump
StatusActive
CoolingCentral Air, Heat Pump, Ceiling Fan(s)
Size3,168 sqft
Lot size9.1 Acres
Year built2006
ParkingDriveway, Detached Garage, Off Street, RV Parking
MLS #2226235
Garage3 spaces
FireplaceWood Burning
ViewTerritorial

Virtual tour

Summary

  • MLS Number: 2226235
  • MLS Name: NWMLS
  • Office Name: Best Choice Realty LLC
  • Office Phone: (206) 886-3986
  • Listing Agent: Ruth deMille

IDX Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest Multiple Listing Service IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2025 Northwest MLS. All rights reserved.

DMCA Notice

Disclaimer: Information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included. NorthwestMLS
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/14/2025, 1:47:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

view of street

$999,000

5227 Key Peninsula Hwy NW

$10,000

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Sep 26, 2007
Home Sold
$364,900
Jan 17, 2006
Home Sold
$102,000

Tax history

YearAssessmentProperty Tax
2024$805,300$7,242
2023$809,900$6,989
2022$641,600$6,456
2021$579,500$6,239
2020$579,500$6,089
2018$498,700$5,479
2017$463,500$5,479

History based on county public records data.

Nearby schools

6

Vaughn Elementary School

Public District PK-5

2.9 mi

17521 Hall Rd NW

7

Voyager Elementary School

Public District KG-5

3.4 mi

5615 Kopachuck Dr NW

7

Evergreen Elementary School

Public District PK-5

4.6 mi

1820 Key Peninsula Hwy SW

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $61,442. The most common annual income of people living in Lakebay, WA is between $35k-100k. Most families are single, no kids. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

29%
<35k
49%
35k-100k
18%
100k-200k
4%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

40%
Single, No Kids
6%
Single, with Kids
38%
Married, No Kids
16%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

10%
<11 yrs old
7%
12-17 yrs old
14%
18-34 yrs old
50%
35-64 yrs old
19%
65+ yrs old

What do the neighbors do for fun?

  • NASCARNASCAR
  • HuntingHunting
  • Figure SkatingFigure Skating

Where do the neighbors shop?

  • Dollar GeneralDollar General
  • DillardsDillards
  • Dick's Sporting GoodsDick's Sporting Goods

Where do the neighbors go to eat?

  • Hardee'sHardee's
  • Cracker BarrelCracker Barrel
  • Texas RoadhouseTexas Roadhouse

What do the neighbors drive?

  • OldsmobileOldsmobile
  • CadillacCadillac
  • SubaruSubaru

What do the neighbors listen to?

  • OldiesOldies
  • News/Talk/InformationNews/Talk/Information
  • New CountryNew Country
All data provided by Home Junction and Claritas

Similar homes for sale

Frequently asked questions

About 5227 Key Peninsula Hwy NW

This home is located at 5227 Key Peninsula Hwy NW in Lakebay, WA and zip code 98349. This 3,168 square foot home, which was built in 2006, sits on a 9.10 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 23, 2024 and is currently priced at $999,000.

In January 2025, from all listings sold in Lakebay, WA there were more than 1 sold above asking price, over 2 sold below and more than 2 were sold right at the asked price. The number of listings in Lakebay, WA decreased by 3.7% between December and January 2025. The median list price of listings available in January 2025 was $489,975, while the average time on the real estate market was 77 days.

From Rocket Homes Real Estate and based on county public records data.

More resources