MOTIVATED SELLERS! Puget Sound views are not all created equal—and this home arguably has the best. With over 300' of low-bank waterfront on 2.5 acres (across 4 parcels), you can build more or keep your private sanctuary untouched. Framed by Penrose Point State Park and the infamous Lakebay Marina, views of South Puget Sound stretch over Cutts Island and Kopachuck State Park. Your private dock lets you watch the tides roll in and out, bringing in otters, octopi, and more. Includes an extensive boathouse/garage and multi-use shed, sauna, gated entry, individual well, and a 3-bed septic with potential to expand across the street. Garden, host, or just breathe it all in—this is rare and peaceful Puget Sound living.
Pending
Listed by:
Bradley Bennett,
Windermere Prof Partners
$990,000
16617 Delano Road SW, Lakebay, WA 98349
3beds
1,830sqft
Est.:
Single Family Residence
Built in 1994
2.52 Acres Lot
$960,500 Zestimate®
$541/sqft
$-- HOA
What's special
Private dockPrivate sanctuaryLow-bank waterfrontGated entry
- 174 days |
- 102 |
- 1 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: December 04, 2025 at 03:46pm
Listed by:
Bradley Bennett,
Windermere Prof Partners
Source: NWMLS,MLS#: 2402522
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Level: Main
Bedroom
- Description: Loft area could be third bedroom
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom three quarter
- Level: Main
Entry hall
- Level: Main
Great room
- Level: Main
Kitchen with eating space
- Level: Main
Other
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Forced Air, Heat Pump, Stove/Free Standing, Electric, Propane
Cooling
- Forced Air, Heat Pump
Appliances
- Included: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s), Water Heater: Electric, Water Heater Location: outside secured closet
Features
- Bath Off Primary, Ceiling Fan(s), Loft, Sauna
- Flooring: Ceramic Tile, Engineered Hardwood, Carpet
- Windows: Double Pane/Storm Window, Skylight(s)
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Gas, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,830
- Total interior livable area: 1,830 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Detached Garage, Off Street, RV Parking
- Garage spaces: 2
Features
- Levels: One and One Half
- Stories: 1
- Entry location: Main
- Patio & porch: Bath Off Primary, Ceiling Fan(s), Double Pane/Storm Window, Fireplace, Loft, Sauna, Skylight(s), Vaulted Ceiling(s), Water Heater, Wired for Generator
- Has view: Yes
- View description: Bay, Mountain(s), Ocean, River, Sea, See Remarks, Sound
- Has water view: Yes
- Water view: Bay,Ocean,River,Sound
- Waterfront features: Low Bank, Bayfront, Bulkhead, Creek, Sound
- Frontage length: Waterfront Ft: 320
Lot
- Size: 2.52 Acres
- Features: Open Lot, Paved, Value In Land, Boat House, Deck, Dock, Fenced-Partially, Gated Entry, High Speed Internet, Outbuildings, Patio, Propane, RV Parking, Shop
- Topography: Level,Partial Slope,Terraces
- Residential vegetation: Brush, Fruit Trees, Garden Space, Wooded
Details
- Parcel number: 0020012036
- Zoning: R10
- Zoning description: Jurisdiction: County
- Special conditions: Standard
- Other equipment: Leased Equipment: propane tank, Wired for Generator
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Northwest Contemporary
- Property subtype: Single Family Residence
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1994
- Major remodel year: 2001
Utilities & green energy
- Electric: Company: Pen Light
- Sewer: Septic Tank, Company: Septic
- Water: Individual Well, Company: Individual Well
- Utilities for property: Astound, Astound
Community & HOA
Community
- Subdivision: Lakebay
Location
- Region: Lakebay
Financial & listing details
- Price per square foot: $541/sqft
- Tax assessed value: $688,200
- Annual tax amount: $8,077
- Date on market: 7/29/2025
- Cumulative days on market: 153 days
- Listing terms: Cash Out,Conventional,FHA,USDA Loan,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Leased Equipment, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Estimated market value
$960,500
$912,000 - $1.01M
$2,640/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/12/2025 | Pending sale | $990,000$541/sqft |
Source:  NWMLS #2402522 Report a problem | ||
| 9/16/2025 | Price change | $990,000-5.7%$541/sqft |
Source: NWMLS #2402522 Report a problem | ||
| 8/31/2025 | Price change | $1,050,000-4.5%$574/sqft |
Source: NWMLS #2402522 Report a problem | ||
| 7/28/2025 | Price change | $1,100,000-8.3%$601/sqft |
Source: NWMLS #2402522 Report a problem | ||
| 7/8/2025 | Price change | $1,200,000+57.9%$656/sqft |
Source: NWMLS #2402522 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,994 +7.5% | $688,200 +11.7% |
| 2023 | $5,575 -1% | $616,300 -5.1% |
| 2022 | $5,634 +7% | $649,600 +24.8% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$5,746/mo
Principal & interest
$4673
Property taxes
$726
Home insurance
$347
Climate risks
Neighborhood: 98349
Nearby schools
GreatSchools rating
- 7/10Evergreen Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 5/10Key Peninsula Middle SchoolGrades: 6-8Distance: 3.7 mi
- 8/10Peninsula High SchoolGrades: 9-12Distance: 11.2 mi
Schools provided by the listing agent
- Elementary: Evergreen Elem
- Middle: Key Peninsula Mid
- High: Peninsula High
Source: NWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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