Address
406 E Madrona Drive, Lakebay, WA
Price
$ 289,000
Property Attributes
- ID#2572099
- TypeSingle Family
- CountyPIERCE
- CityLakebay
- AreaKey Peninsula South
- NeighborhoodHerron Island
- Zip98349
- Style2 Story
- Year Built1982
- Taxes$ 2131
- Price$ 289,000
- Bedrooms1
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage864
- Lot Size0.5877 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Buyer To Verify Elementary School | Key Peninsula Mid | Peninsula High |
| Price History | |
|---|---|
| 8/21/2026 | Listed $309,000 |
| 9/8/2026 | 7$289,000 |
General Features
| Living Area | 864 |
|---|---|
| Sewer | Septic Tank |
| Heating | Ductless |
| Cooling | Ductless |
| Possession | Closing |
| Roof | Composition |
| Appliances | Dishwasher,Dryer,Refrigerator,Stove(s)/Range(s),Washer |
| HOA Fee | 315 |
| Association Fee Includes | Road Maintenance,See Remarks,Water |
| Security Features | Partially Fenced |
| Year Built | 1982 |
| Topography | Level |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Community Features | Boat Launch,CCRs,Club House,Park,Playground |
| Assoc Fee Paid Per | Monthly |
| County | Pierce |
| New Construction | No |
| Property Type | Residential |
| HOA | Yes |
| Attached Garage | No |
| Subdivision Name | Herron Island |
| Full Baths | 1 |
| Special Listing Conditions | None |
| Status | Active |
| Directions | When you get off the ferry,follow Ferry St NW to E Madrona Blvd NW and go left - follow to address. |
| High School | Peninsula High |
| City | Lakebay |
| Entry Location | Main |
| Senior Community Y/N | No |
| High School District | Peninsula |
| MLS Area | 4 - Key Peninsula South |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 25600 |
| Carport Y/N | No |
| Listing Terms | Cash,Conventional,Rehab Loan |
| Elementary School | Buyer To Verify |
| Land Lease Y/N | No |
| Tax Annual Amount | 2131 |
| Middle/Junior High School | Key Peninsula Mid |
| Public Remarks | 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 |
| Structure Type | House |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Water Company | Herron Island Water Depart |
| Property Style | 12 - 2 Story |
| NWM_ShowMapLink | Yes |
Interior Features
| Interior Amenities | Fireplace |
|---|---|
| Basement | None |
| Flooring | Laminate |
| Total Fireplaces | 1 |
| Fireplace Features | Wood Burning |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | Yes |
| Total Bedrooms | 1 |
| Total Baths | 1 |
| Bedrooms Possible | 1 |
| Fireplaces Main | 1 |
| Power Production Type | Electric,Wood |
| Bedrooms Upper | 1 |
| Baths Full Main | 1 |
| Bathrooms | 1 |
Exterior Features
| Exterior Amenities | Wood |
|---|---|
| Vegetation | Fruit Trees,Garden Space |
| Parking Features | Driveway,Off Street |
| Water Source | Community |
| Inclusions | Dishwasher(s),Dryer(s),Refrigerator(s),Stove(s)/Range(s),Washer(s) |
| Foundation Details | Block |
| Building Area Total | 864 |
| Lot Size Acres | 0.5877 |
| Waterfront Y/N | No |
| Irrigation Water Rights Y/N | No |
| Site Features | Deck,Fenced-Partially,Green House,Outbuildings |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 98349
Price
Taxes
Year Built
Visits
In The Neighborhood
Lakebay
$ 495,000
- Type
- Single Family | Active
- Size
- 1,220 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: Better Properties Gig Harbor
Lakebay
$ 321,500
- Type
- Single Family | Active
- Size
- 1,276 SqFt
- Rooms
- 2 Beds + 2 Baths
Listed by: Better Properties Gig Harbor
Lakebay
$ 425,000
- Type
- Single Family
- Size
- 600 SqFt
- Rooms
- 2 Beds + 1 Baths
Listed by: Windermere Prof Partners
Lakebay
$ 329,000
- Type
- Single Family | Active
- Size
- 1,370 SqFt
- Rooms
- 3 Beds + 2.5 Baths
Listed by: Morrison House Sotheby's Intl
Lakebay
$ 230,400
- Type
- Single Family | Active
- Size
- 801 SqFt
- Rooms
- 2 Beds + 1 Baths
Listed by: Amo Realty
Lakebay
$ 349,900
- Type
- Single Family | Active
- Size
- 1,056 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: Better Properties Gig Harbor
Lakebay
$ 499,900
- Type
- Single Family | Active
- Size
- 1,120 SqFt
- Rooms
- 2 Beds + 1 Baths
Listed by: Better Properties Gig Harbor
Lakebay
$ 319,000
- Type
- Single Family | Active
- Size
- 1,467 SqFt
- Rooms
- 2 Beds + 2 Baths
Listed by: Better Properties Gig Harbor
Lakebay
$ 389,900
- Type
- Single Family | Active
- Size
- 894 SqFt
- Rooms
- 2 Beds + 1 Baths
Listed by: Better Properties Gig Harbor
Lakebay
$ 180,000
- Type
- Single Family | Active
- Size
- 326 SqFt
- Rooms
- 0 Beds + 0 Baths
Listed by: Keller Williams Realty PS
