406 E Madrona Drive · Lakebay, WA 98349
Source: NWMLS · Morrison House Sotheby's Intl · Christopher Floyd #NWM2572099
About this home
Catch the ferry, watch the shoreline shrink behind you, and arrive somewhere most people don't even know is real. Herron Island is one of the last privately-owned islands in Puget Sound, home to a close community of just over 100 residents, where eagles wheel overhead, deer wander freely, and the noise of everyday life feels miles away. Spend your time at North Beach Park, the untouched shoreline of South Beach, or the quiet of Goodpastor Park. It's the kind of place visitors stumble upon and keep thinking about long after they leave. This 1-bedroom, 1-bath bungalow with a versatile bonus room sits on just over half an acre — one of the island's bigger buildable lots — and has already been upgraded with a complete kitchen and bathroom remodel plus brand-new appliances. The foundation for a mini homestead is in place too: a fenced, deer-proof garden bed where dahlias used to bloom, and a chicken coop waiting for its next flock. Keep it as a private getaway, list it as a rental when you're not around, or hang onto it as a launchpad for something larger later. HOA includes water. You'll reach the island via the community ferry, the Charlie Wells, a quick 10-minute ride that changes everything.
Location
Basics
- Property type
- Single Family Residence
- Style
- 2 Story
- Stories
- 2 stories
- Year built
- 1982
- Lot size
- 25,600 sq ft (0.59 acres)
- County
- Pierce
- MLS #
- NWM2572099
Interior
- Heating
- Ductless
- Cooling
- Ductless
- Flooring
- Laminate
- Appliances
- Dishwasher, Dryer, Refrigerator, Stove(s)/Range(s), Washer
- Fireplace
- 1 · Wood Burning
- Interior features
- Fireplace
- Entry level
- Main
Exterior & lot
- Exterior features
- Wood
- Roof
- Composition
- Foundation
- Block
- Topography
- Level
- Waterfront
- No
Parking
- Parking features
- Driveway, Off Street
Utilities
- Water
- Community
- Sewer
- Septic Tank
- Power
- Electric, Wood
Community & fees
- Subdivision
- Herron Island
- Community features
- Boat Launch, CCRs, Club House, Park, Playground
- HOA dues
- $315/mo
- Property tax
- $2,131 (2025)
Transaction
- Original list price
- $309,000 (6.5% price cut)
- Listed on
- Aug 21, 2026
- Days on market
- 212
- Price per sq ft
- $334
- Listing terms
- Cash, Conventional, Rehab Loan
- Possession
- Closing
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2024-04-04
- Sold$225,000
Schools
School district: Peninsula
- Elementary
- Buyer To Verify
- Middle
- Key Peninsula Mid
- High
- Peninsula High SchoolSchoolDigger 4 stars · Top 21% in WA

Listing provided courtesy of: Morrison House Sotheby's Intl
Listing agent: Christopher Floyd.
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 2026-09-08.