411 151st Avenue Ct SW · Lakebay, WA 98349
Source: NWMLS · eXp Realty · Carrie Gatlin #NWM2565728
About this home
Rare opportunity to own a build-ready high-bank waterfront parcel in the desirable Lakebay area with tideland rights, completed due diligence, and significant pre-development work already underway. This property offers sweeping water views and an exceptional opportunity for a custom home, vacation retreat, or long-term investment hold. Extensive groundwork has already been completed, including survey work, wetland review/certification, geotechnical evaluation, stormwater-related work, civil engineering coordination, and utility/planning documentation. Community well agreement information, easements, and supporting development-related materials available for buyer review. The property combines privacy, natural beauty, and future vision potential while substantially reducing the uncertainty and upfront investigative work often associated with waterfront and rural development parcels. Excellent opportunity for buyers seeking a premier homesite with meaningful legwork already completed. Buyer to verify all information to their own satisfaction regarding intended use, building plans, utilities, shoreline regulations, and development feasibility.
Location
Basics
- Property type
- Land
- Style
- Res-Over 1 Acre
- Lot size
- 74,625 sq ft (1.71 acres)
- County
- Pierce
- MLS #
- NWM2565728
Interior
- Heating
- None
- Cooling
- None
Exterior & lot
- Lot features
- Dead End Street
- View
- Islands, Partial, Sea, Sound
- Waterfront
- Yes
Utilities
- Water
- See Remarks, Share Available
- Sewer
- Not Available
- Utilities
- Electricity Available
Community & fees
- Subdivision
- Peninsula
- Property tax
- $3,509 (2026)
Transaction
- Original list price
- $425,000 (6.1% price cut)
- Listed on
- Aug 6, 2026
- Days on market
- 45
- Listing terms
- Cash, Conventional, VA Loan
- Possession
- Closing
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2004-07-06
- Sold$128,600
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: eXp Realty
Listing agent: Carrie Gatlin.
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 2026-09-20.