5227 Key Peninsula Hwy NW

Lakebay, WA 98349

$995,000
Price
4
Beds
3,039 Sq. Ft.
$327 / Sq. Ft.
3,039
Sq. Ft.
$327
per Sq. Ft.
Listed By CompassContingent
Listed By CompassContingent
Listing provided courtesy of Compass

Description

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...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.

Property Details for 5227 Key Peninsula Highway Northwest

Community Name
Lakebay
School District
Peninsula
View
Territorial
Number of Assigned Spaces
2
Total Covered Parking
2
Entry Date
08-15-2025
Energy Source
Electric,Wood
Sewer
Septic Tank
LISTING UPDATED: 11/05/2025 03:16 PM

Property Details for 5227 Key Peninsula Highway Northwest

StatusContingent
MLS #2421576
Days on Market33
Cumulative Days on Market82
Taxes$7,575 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential
Year Built2006
Lot Size9.10 AC / 396,396 SF
CountyPierce County
Buyer's Agent Compensation2.5%

Location

Listing Courtesy of Compass
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Building Information for 5227 Key Peninsula Highway Northwest

Stories-Year Built2006Building Size-Lot Size9.10 AC / 396,396 SF

Payment Calculator

$5,548 per month

30 year fixed, 6.28% Interest

Principal and Interest

$4,917

Property Taxes

$631

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5227 Key Peninsula Highway Northwest

Summary
Location and General Information
  • Style: 10 - 1 Story
  • Building Information: Built On Lot
  • Site Features: Arena-Outdoor, Barn, Fenced-Partially, Gated Entry, Hot Tub/Spa, Outbuildings, Patio, RV Parking, Shop
  • Area: 9 - Key Peninsula North
  • Elementary School: Evergreen Elem
  • Middle Or Junior School: Key Peninsula Mid
  • High School: Peninsula High
  • Effective Year Built Source: Public Records
  • Directions: From HWY 16, take SR 302 NW to Key Peninsula HWY NW. Driveway is on left, house is down the gravel road approximately 1,000 ft off Key Peninsula HWY.
  • Property Sub Type: RESI
  • View: Yes
  • Waterfront: No
  • Entry Location: Main
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Garage Spaces: 2.0
  • Attached Garage: No
  • Carport: No
  • Garage: Yes
  • Parking Type: Driveway Parking, Garage-Detached, RV Parking
  • Open Parking: No
  • Parking Features: Driveway, Detached Garage, RV Parking
Virtual Tour
Interior and Exterior Features
Bathroom Information
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 0
  • Half Bathrooms: 1
  • Full Baths Lower: 0
  • Full Baths Main: 2
  • Full Baths Upper: 0
  • Three Quarter Baths Lower: 0
  • Three Quarter Baths Main: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Lower: 0
  • Half Baths Main: 1
  • Half Baths Upper: 0
  • Full Baths Garage: 0
  • Half Baths Garage: 0
  • Three Quarter Baths Garage: 0
  • Main Level Bathrooms: 3
Bedroom Information
  • Bedrooms Main: 4
  • Bedrooms Upper: 0
  • Bedrooms Lower: 0
  • Bedrooms Possible: 4
  • Master Bedroom Level: Main
Interior Features
  • Fireplaces Total: 1
  • Fireplaces Main: 1
  • Floor Covering: Bamboo/Cork, Ceramic Tile
  • Basement: None
  • Features: 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
  • Water Heater Location: Rec Room
  • Room and Floor: Dining Room-Main, Entry Hall-Main, Kitchen With Eating Space-Main, Living Room-Main, Primary Bedroom-Main, Rec Room-Main, Utility Room-Main, Bathroom Full-Main, Bathroom Half-Main, Bedroom-Main
  • Appliances: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Cooling: Yes
  • Cooling: Forced Air, Heat Pump
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Heating: Yes
  • Heating: Forced Air, Heat Pump, High Efficiency (Unspecified), Stove/Free Standing
  • Spa: Yes
  • FIRPTA: No
  • Water Heater Type: electric
  • Room List: Dining Room, Entry Hall, Kitchen With Eating Space, Living Room, Primary Bedroom, Rec Room, Utility Room, Bathroom Full, Bathroom Half, Bedroom
  • Number Of Showers: 2
Exterior Features
  • Exterior: Cement/Concrete
  • Roof: Composition
  • Appliances That Stay: Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • Security Features: Partially Fenced, Security Gate
Property
Utilities
  • Water Source: Individual Well, Private
  • Power Company: Peninsula Light
  • Sewer Company: septic
  • Water Company: private well
  • Power Production Type: Electric, Wood
Property and Assessments
  • New Construction YN: No
  • Senior Exemption: No
  • Zoning Jurisdiction: County
  • Foundation: Poured Concrete
  • Level: One
  • Lot Topography: Equestrian,Level
  • Construction Methods: Standard Frame
  • First Right Of Refusal: false
  • MLS Square Footage Source: matterport floorplan
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 2006
  • Photos Count: 39
Lot Information
  • Lot Details: Secluded
  • Lot Size Source: public records
  • Parcel Number Free Text: 0021137001
  • Building Condition: Good
  • Calculated Square Footage: 3039
  • Structure Type: House
  • Square Footage Finished: 3039
  • Square Footage Unfinished: 0
  • Vegetation: Brush, Fruit Trees, Garden Space, Pasture, Wooded
  • Building Area Total: 3039.0
  • Building Area Units: Square Feet
  • Property Type: Residential
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Financing / Income and Expenses
  • Leased Equipment: No
Rental
Rent Information
  • Occupant Type: Vacant
  • Land Lease: No

Property History for 5227 Key Peninsula Highway Northwest

DateEvent & SourcePriceAppreciation
Sep 17, 2025

Contingent

NWMLS #2421576

—
Aug 15, 2025

Listed (Active)

NWMLS #2421576

$995,000—
Sep 26, 2007

Sold

NWMLS #27117771

$364,900—
Sep 24, 2007

Sold (Public Record)

Public Record #226651121

$364,900—
Sep 24, 2007

Pending

NWMLS #27117771

—
Jun 29, 2007

Listed (Active)

NWMLS #27117771

$399,900—
DateEvent & SourcePrice
09/17/2025

Contingent

NWMLS #2421576

—
08/15/2025

Listed (Active)

NWMLS #2421576

$995,000
09/26/2007

Sold

NWMLS #27117771

$364,900
09/24/2007

Sold (Public Record)

Public Record #226651121

$364,900
09/24/2007

Pending

NWMLS #27117771

—
06/29/2007

Listed (Active)

NWMLS #27117771

$399,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5227 Key Peninsula Highway Northwest

Taxable ValueLand$284,800Additions$589,200Total$874,000
Tax Record2025$7,575 ($631 / month)
Home Facts
Beds4Total Finished SqFt2,540 SqFtAbove Ground SqFt2,540 SqFtStories1Lot Size311,454 SqFtStyleSingle Family ResidenceYear Built2006Year Renovated2008ZoningR10CountyPIERCEAPN0021137001

Schools near 5227 Key Peninsula Highway Northwest

This home is within Peninsula School District.
Rating
School
Type
Grades
Distance
Vaughn Elementary School
Public - PK to 5
Key Peninsula Middle School
Public - 6 to 8
Peninsula High School
Public - 9 to 12
Pioneer Elementary School
Public - K to 5
Rating
School
Distance
Vaughn Elementary School
PublicPK to 5

Key Peninsula Middle School
Public6 to 8

Peninsula High School
Public9 to 12

Pioneer Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/23/2025 09:40 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.