Discover the opportunity to own 12.83 acres of private wooded land, in the peaceful waterfront community of Lakebay, on the scenic Key Peninsula. Tucked away in a tranquil setting, this expansive parcel offers TWO BUILDING SITES, creating the flexibility to design a private estate, multi-generational retreat, or a primary residence with a guest home. Towering evergreens, natural forested surroundings, and abundant wildlife also make it the perfect camping site; surrounded by the privacy and serenity you have been looking for. Life in Lakebay is defined by its relaxed coastal charm, where days are spent exploring nearby shorelines, kayaking or boating along Carr Inlet, visiting local parks, and enjoying a slower pace. Residents appreciate the strong sense of community and easy access to recreation while still being within reach of the shopping, dining, and marinas of Gig Harbor and the amenities of Tacoma and Gig Harbor. Whether you’re looking to build now or invest for the future, this rare acreage offers the chance to own something truly special in one of the peninsula’s most peaceful and naturally beautiful settings.
Active
Listed by: Coldwell Banker Bain • Nancy Wallace
Price cut: $20K (6/10)
$229,000
0 Cornwall Road NW, Lakebay, WA 98349
--beds
--baths
12.83Acres
Unimproved Land
Built in ----
12.83 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Rare acreagePrivate wooded landTowering evergreensAbundant wildlifeNatural forested surroundings
- 129 days
- 111
- 11
Zillow last checked:
Listing updated:
Listed by:
Nancy Wallace,
Coldwell Banker Bain
Source: NWMLS as distributed by MLS GRID,MLS#: 2494351
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 12.83 Acres
- Features: Secluded, Brush, Evergreens, Heavily Forested
- Topography: See Remarks
- Residential vegetation: See Remarks
Details
- Parcel number: 0020022004
- Zoning: Country RF- Rural Farm
- Zoning description: Agricultural,Farm & Ranch,Jurisdiction: County
- Special conditions: Standard
Utilities & green energy
- Electric: In Street
- Gas: Not Available
- Sewer: Not Available
- Water: Well Needed
- Utilities for property: Electricity Available
Community & HOA
Community
- Subdivision: Lakebay
Location
- Region: Lakebay
Financial & listing details
- Annual tax amount: $538
- Date on market: 3/17/2026
- Cumulative days on market: 166 days
- Listing terms: Conventional,Farm Home Loan,FHA,VA Loan
Estimated market value
Not available
Estimated sales range
Not available
$2,696/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/10/2026 | Price change | $229,000-8% |
Source: | ||
| 4/22/2026 | Listed for sale | $249,000+162.1% |
Source: | ||
| 4/4/2019 | Sold | $95,000+93.9% |
Source: | ||
| 12/10/2018 | Sold | $49,000-5.8% |
Source: | ||
| 8/29/2014 | Sold | $52,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: 98349
Nearby schools
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.





