Listing provided courtesy of RE/MAX ExclusiveNWMLSas Distributed by MLSGrid- MLS# NWM2499275
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Aerial view of this charming hobby farm on 10 acres!
Spring is in the air!
A true craftsman farm house!
The main entrance is on the side of the home. They use the backdoor as their main entry.
Spacious livingroom with a woodburning fireplace. Door leads out to the very large covered porch.
Country kitchen with oak floors and cabinets.
Kitchen features a pot-belly stove.
The country dining room has plenty of windows to over look the charming farm.
The sellers use this as their main door but it's truly the back entrance.
Off the back entry is a wet-bar with a mini-refrigerator.
This laundry room has a dog washing station.
The main bathroom has a Kohler 100th Anniversary Birthday cast iron clawfoot tub. Solid cast iron, not many made, came in white, black & red (red being the rarest).
Main bath also features a high tank pull chain toilet and a separate shower.
The main bathroom is very spacious! There is a pocket door that leads to the laundry room.
Main level primary bedroom. This features a full primary bathroom and also a slider which leads out to the covered porch.
Primary Bathroom
Primary bathroom
1 of 3 upstairs bedrooms. This room over looks the pasture.
2 of 3 upper bedrooms. The door leads to an office or it could be a huge walk-in closet.
Used as an office, this room is off of one of the upper bedrooms. This could be a nursery or a walk-in closet.
3 of 3 upper bedrooms
Plenty of room for outdoor furniture on the spacious front covered porch.
Detached garage
Pole building - shop 45' x 45'
Pasture
Cross fencing for the horses.
The homestead barn is over 100 years old. If preserved, it would be ideal for barn parties and events!
Loafing Shed
There is a duck pond on the southside of the property. How fun to utilize this as a water feature.
Aerial view of Bay Lake, Carr Inlet, home, homestead barn, mini-barn, loafing shed, pastures, shop, detached garage and the duck pond.
raised garden bed!
2723 Key Peninsula Highway SWLakebay, WA 98349
Single Family · 4 Beds · 1 Full Bath · 1 Three Quarter Bath · 2,534 Sq. ft. | 10.00 Acres$915,000
Pending
2723 Key Peninsula Highway SW Overview
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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.
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2723 Key Peninsula Highway SW Facts & Features
- Type Single Family
- Sq. ft. 2,534
- Price/Sq.ft. $361
- Lot 10.00 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Peninsula
- Elementary School: Evergreen Elem
- Middle Or Junior School: Key Peninsula Mid
- High School: Peninsula High
Building Information
- New Construction: No
- Year Built: 1940
Location/Region
- Country: US
- County Or Parish: Pierce
- MLS Area Major: 4 - Key Peninsula South
- Subdivision Name: Lakebay
Rent/Lease Information
- Land Lease: No
Tax Information
- Tax Annual Amount: $6,825.00
- Tax Year: 2026
General Information
- Inclusions: Dishwasher(s), Double Oven, Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Listing Terms: Cash, Conventional, FHA, VA Loan
- Parcel Number: 0020114010
- Property Sub Type: Single Family Residence
- Property Type: Residential
- Senior Community: No
- Special Listing Conditions: None
Interior
Building Information
- Building Information: Built On Lot,Detached
Parking Information
- Garage: Yes
Beds/Baths
- Bathrooms Full: 1
- Bathrooms Half: 0
- Bathrooms Three Quarter: 1
- Bathrooms Total: 2
- Bedrooms Total: 4
- Bedrooms Lower: 0
- Bedrooms Upper: 3
Building Interior
- Appliances Included: Dishwasher(s), Double Oven, Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Building Area Total: 2534
- Building Area Units: Square Feet
- Calculated Square Footage: 2534
- Square Footage Finished: 2534
- Square Footage Unfinished: 0
General Information
- Appliances: Dishwasher, Double Oven, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
- Basement: None
- Cooling: Yes
- Entry Location: Main
- Fireplace Features: Wood Burning
- Fireplace: Yes
- Fireplaces Total: 2
- Flooring: Ceramic Tile, Hardwood, Vinyl, Carpet
- Foundation Details: Poured Concrete
- Heating: Yes
- Interior Features: Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, Skylight(s), Wet Bar
- Levels: One and One Half
- Living Area: 2534
- Main Level Bathrooms: 2
- Main Level Bedrooms: 1
- Power Production Type: Electric
- Security Features: Partially Fenced
Exterior
Parking Information
- Open Parking: No
- Parking Features: Detached Carport, Driveway, Detached Garage, RV Parking
- Parking Total: 4
Lot Information
- Irrigation Water Rights: No
- Lot Size Acres: 10
- Lot Size Square Feet: 435600
- Lot Size Units: Square Feet
- Site Features: Barn, Cable TV, Deck, Fenced-Partially, Green House, High Speed Internet, Outbuildings, Patio, RV Parking, Shop
- Topography: Equestrian, Level, Rolling
- Vegetation: Fruit Trees,Garden Space,Pasture
- Elevation Units: Feet
- Water Source: Individual Well
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Attached Garage: No
- Roof: Composition
- Structure Type: House
General Information
- Carport: Yes
- Covered Spaces: 4
- Exterior Features: Wood, Wood Products
- Sewer: Septic Tank
Room Information
Room: Bathroom Full
- Level: Main
Room: Bathroom Three Quarter
- Level: Main
Room: Den/Office
- Level: Main
Room: Entry Hall
- Level: Main
Room: Kitchen With Eating Space
- Level: Main
Room: Living Room
- Level: Main
Room: Primary Bedroom
- Level: Main
Room: Utility Room
- Level: Main
Room: Bedroom
- Level: Second
Room: Bedroom
- Level: Second
Room: Bedroom
- Level: Second
Room: Bonus Room
- Level: Second
2723 Key Peninsula Highway SW Neighborhood
Community
98349 (Lakebay) Demographics
42
Median Age
121
Population Density (per sq. mile)
34%
College Educated
$73,308
Estimated Median Income
1,802
Estimated Total Home Owners
258
Estimated Total Renters
87% / 13%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.2723 Key Peninsula Highway SW Monthly Cost
2723 Key Peninsula Highway SW Market Data
Based on the last 30 days in this zip code
$637,771
Average List Price
$341
Average Price per Square Foot
8
Properties Sold
81
Average Days on Market
56
Properties for Sale
2723 Key Peninsula Highway SW History
| Date | Value | Agent |
|---|---|---|
| 6/8/2026Source: NWMLS | Pending |
|
| 5/26/2026Source: NWMLS | Pending Inspection |
|
| 4/24/2026Source: NWMLS | $915,000 -2.6% |
|
| 4/3/2026Source: NWMLS | April 03, 2026 |