Property Attributes
- ID#2587463
- TypeSingle Family
- CountyPIERCE
- CityLakebay
- AreaKey Peninsula South
- NeighborhoodPalmer Lake
- Zip98349
- StyleManuf-Double Wide
- Year Built2021
- Taxes$ 2973
- Price$ 386,500
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1296
- Lot Size0.2748 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description
4.5% assumable VA loan (Assumable by Non-Veterans as well) • Approx. $362K balance • No monthly mortgage insurance Exceptional financing opportunity at $386,500! This 3-bedroom, 2-bath, 1,296 sq ft single-level home offers an assumable VA loan with approximately $362,000 remaining at just 4.5% interest and no monthly mortgage insurance. Current principal and interest payment is approximately $1,989/month. Qualified buyers may assume the VA loan, including non-Veterans, subject to lender/servicer approval and assumption requirements. Built in 2021, the home features an open-concept living area, spacious kitchen with breakfast bar, dining area, and flexible office space. The primary suite includes a private full bath and walk-in closet. Situated on approximately 0.27 acre with a partially fenced yard and storage shed. Palmer Lake community amenities include lake access, private beach parks, boat launch, dock, picnic area, and basketball court. A rare opportunity to combine a newer home with below-market-rate financing on the Key Peninsula.
| Price History | |
|---|---|
| 9/25/2026 | Listed $386,500 |
General Features
| Living Area | 1296 |
|---|---|
| Sewer | Septic Tank |
| Heating | Forced Air |
| Cooling | None |
| Possession | Closing |
| Roof | Composition |
| Appliances | Dishwasher,Refrigerator,Stove(s)/Range(s) |
| HOA Fee | 230 |
| Association Fee Includes | Common Area Maintenance |
| Year Built | 2021 |
| Topography | Level |
| Levels | One |
| Property Subtype | Manufactured On Land |
| Tax Year | 2026 |
| Community Features | Boat Launch,CCRs,Club House |
| Assoc Fee Paid Per | Annually |
| County | Pierce |
| New Construction | No |
| Property Type | Residential |
| HOA | Yes |
| Attached Garage | No |
| Subdivision Name | Palmer Lake |
| Full Baths | 2 |
| Special Listing Conditions | None |
| Status | First Look |
| Directions | From SR16 to Purdy Exit follow Key Peninsula Highway,Whiteman Rd go Rt. Where road curves sharp left,stay straight on Lake Dr. Right on 21st St SW,Left on 194th to home on left |
| 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 | 11970 |
| Carport Y/N | No |
| Listing Terms | Assumable,Cash,Conventional,FHA,State Bond,VA Loan |
| Land Lease Y/N | No |
| Tax Annual Amount | 2973.89 |
| Body Type | Double Wide |
| Public Remarks | 4.5% assumable VA loan (Assumable by Non-Veterans as well) Approx. $362K balance No monthly mortgage insurance Exceptional financing opportunity at $386,500! This 3-bedroom,2-bath,1,296 sq ft singl |
| Structure Type | Manufactured House |
| Building Area Units | Square Feet |
| Standard Status | Coming Soon |
| Property Style | 21 - Manuf-Double Wide |
| NWM_ShowMapLink | Yes |
Interior Features
| Interior Amenities | Bath Off Primary,Dbl Pane/Storm Window |
|---|---|
| Flooring | Vinyl,Carpet |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Total Bedrooms | 3 |
| Main Level Bedrooms | 3 |
| Total Baths | 2 |
| Bedrooms Possible | 3 |
| Power Production Type | Electric |
| Baths Full Main | 2 |
| Bathrooms | 2 |
Exterior Features
| Exterior Amenities | Wood,Wood Products |
|---|---|
| Parking Features | Driveway,Off Street |
| Lot Features | Cul-De-Sac |
| Water Source | Community |
| Inclusions | Dishwasher(s),Refrigerator(s),Stove(s)/Range(s) |
| Foundation Details | Pillar/Post/Pier,Tie Down |
| Building Area Total | 1296 |
| Lot Size Acres | 0.2748 |
| Waterfront Y/N | No |
| Irrigation Water Rights Y/N | No |
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
In The Neighborhood
Lakebay
$ 535,000
- Type
- Single Family | Active
- Size
- 1,024 SqFt
- Rooms
- 2 Beds + 2 Baths
Listed by: RE/MAX Northwest
Lakebay
$ 340,000
- Type
- Single Family | Active
- Size
- 1,188 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: eXp Realty
Lakebay
$ 519,900
- Type
- Single Family | Active
- Size
- 1,437 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: eXp Realty
Lakebay
$ 429,999
- Type
- Single Family | Active
- Size
- 1,204 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: John L. Scott, Inc.
Lakebay
$ 400,000
- Type
- Single Family | Active
- Size
- 1,064 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: Keller Williams West Sound
Lakebay
$ 435,000
- Type
- Single Family | Active
- Size
- 1,640 SqFt
- Rooms
- 4 Beds + 2.5 Baths
Listed by: Windermere RE West Sound Inc.
Lakebay
$ 444,000
- Type
- Single Family | Active
- Size
- 1,236 SqFt
- Rooms
- 2 Beds + 1 Baths
Listed by: Kelly Right RE of Seattle LLC
Lakebay
$ 480,000
- Type
- Single Family | Active
- Size
- 1,346 SqFt
- Rooms
- 3 Beds + 2.5 Baths
Listed by: Keller Williams South Sound