Rockhood
$399,000List price
Active

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 School
SchoolDigger 4 stars · Top 21% in WA

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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.