Katie Hertenstein

406 E Madrona Drive

Lakebay, WA
$ 289,000 Beds 1 Baths 1 Sq 864
Monthly Estimate* How much can I afford?

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.

Active

  • Price
  • $ 289,000
  • City
  • Lakebay
  • Bedrooms
  • 1
  • Full Bathrooms
  • 1
  • County
  • PIERCE
  • Half Bathrooms
  • 0
  • Area
  • Key Peninsula South
  • Lot Size
  • 0.5877 Acres
  • Zip
  • 98349
  • Sqr Footage
  • 864
  • Year Built
  • 1982
  • Taxes
  • $ 2131
  • Style
  • 2 Story
  • MLS#
  • 2572099
Listed By: Morrison House Sotheby's Intl and NWMLS
Data Source: Northwest Multiple Listing Service (NWMLS)

Features

General

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

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Vancouver, WA office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Buyer To Verify Elementary School
Middle School Key Peninsula Mid
High School Peninsula High

Price History

8/21/2026 Listed $309,000
9/8/2026 7% - $289,000

Property vs Zip Code Average in 98349

Price
AVG $550K
$290K
Taxes
AVG $3,810
$2,131
Year Built
AVG 1992
1982
Visits
AVG 300
40
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

406 E Madrona Drive Lakebay, WA is a Single Family Home for sale at $289000 with 864 sqft and a lot size of 0.5877 Acres Acre(s). 406 E Madrona Drive Lakebay has 1 bedrooms, 1 baths and was built in 1982. The property's zip code is 98349 which is in Lakebay, WA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Katie Hertenstein

Katie Hertenstein

Real Estate Broker

360-450-8645

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