20401 22nd Street SW · Lakebay, WA 98349
Source: NWMLS · COMPASS · Gervon Simon #NWM2574425
About this home
Peaceful Key Peninsula living at its finest! This spacious property is tucked away on a private cul-de-sac and sits on 2.5 private, wooded acreage. Step inside of this home and immediately get met with vaulted ceilings and an open-concept great room anchored by a cozy wood stove. The spacious kitchen is fully updated and features stainless steel appliances, abundant storage, and a full-size corner pantry. The main level offers 3 bedrooms with a large master suite, a private bath, and a generous walk-in closet. Upstairs, a versatile loft-style family room overlooks the living room and leads to an additional bedroom and full bath that is ideal for guests, a home office, or bonus space! Outside, enjoy the serenity of the surrounding trees, an attached 2-car garage, and plenty of additional parking. A rare opportunity to enjoy acreage, privacy, and room to spread out while still being within reach of Gig Harbor and the amenities of the Key Peninsula!
Location
Basics
- Property type
- Single Family Residence
- Style
- 1 1/2 Story
- Stories
- One and one half
- Year built
- 2005 (renovated 2007)
- Lot size
- 108,900 sq ft (2.5 acres)
- County
- Pierce
- MLS #
- NWM2574425
Interior
- Heating
- Stove/Free Standing, Wall Furnace
- Cooling
- None
- Flooring
- Laminate, Vinyl Plank, Carpet
- Appliances
- Dishwasher, Dryer, Refrigerator, Stove(s)/Range(s), Washer
- Fireplace
- 1 · Wood Burning
- Interior features
- Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Fireplace, High Tech Cabling
- Entry level
- Main
Exterior & lot
- Exterior features
- Wood
- Roof
- Composition
- Foundation
- Poured Concrete
- Lot features
- Cul-De-Sac, Paved
- Topography
- Level,Partial Slope
- Waterfront
- No
Parking
- Parking spaces
- 2
- Garage
- Yes (attached)
- Covered spaces
- 2
- Parking features
- Attached Garage
Utilities
- Water
- Public
- Sewer
- Available
- Power
- Electric
Community & fees
- Subdivision
- Key Peninsula South
- Community features
- CCRs
- HOA dues
- $250/yr
- Property tax
- $4,634 (2025)
Transaction
- Listed on
- Sep 1, 2026
- Days on market
- 19
- Price per sq ft
- $273
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Possession
- Closing
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2017-09-21
- Sold$340,000
- 2016-10-05
- Sold$319,777
- 2004-12-30
- Sold$46,500
Schools
School district: Peninsula
- Elementary
- Evergreen Elem
- Middle
- Key Peninsula Mid
- High
- Peninsula High SchoolSchoolDigger 4 stars · Top 21% in WA

Listing provided courtesy of: COMPASS
Listing agent: Gervon Simon.
Based on information submitted to the MLS GRID as of —. 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. IDX information 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. Information is deemed reliable but not guaranteed.
Data last updated 2026-09-09.