This home's estimate is 47.4% lower than the average sale price ($684K) of 6 comparable homes.
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16602 - 16608 Delano Rd, Lakebay, WA 98349
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About this home
Rare 2.27-acre Lakebay property with strong potential and breath taking views! Property includes an unfinished home with approximately 1,032 sq ft of interior space plus 2 bedrooms and 2 baths with expansive acreage to create a custom home site, shop, ADU, or multi-use space. Located in a quiet rural setting with fully fenced grounds, this parcel offers RV parking, outbuildings, abundant room for toys, livestock, or future improvements, and privacy while still being just minutes from community amenities and Puget Sound access. Interior is unfinished bring your contractor and transform this space into a one-of-a-kind Lakebay retreat or investment flip. With utilities in place including individual well and septic, there’s tremendous upside for the right buyer. Property Highlights: • Approx. 1,032 sq ft interior space • 2 beds, 2 baths (buyer to verify) • 2.27 acres of usable land (2 Parcels) • Fully fenced great for pets, pasture, gardening • Outbuildings & storage, plus generous parking and room for shop, ADU, or detached garage • Individual well & septic present • Sold as-is perfect for investors or buyers seeking a renovation project. This offering presents a significant opportunity to add value through finishing, creative redesign, or expansion in one of Pierce County’s peaceful and scenic rural pockets. Buyer to verify all measurements, zoning, permits, and intended use.

Redfin Estimate
Market trends in 98349, WA
Last updated September 2026
Buyer's Market
Seller's Market
Seller's market
- OPEN SAT, 11AM TO 1PM$790,0005 beds2.5 baths2,776 sq ft221 195 Ave SW, Lakebay, WA 98349Rachel Jones • Skyline Properties, Inc.
- 3D WALKTHROUGH
- $298,8923 beds2 baths1,200 sq ft19518 28th St SW, Lakebay, WA 98349David Watkins • Realty West Properties
- $379,5003 beds2 baths1,512 sq ft2621 194th Ave SW, Lakebay, WA 98349Rhonda Edwards • John L. Scott, Inc.
- $474,9993 beds2 baths1,546 sq ft516 Tiedeman Rd SW, Lakebay, WA 98349Tammy Yao • Windermere Real Estate/East
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Est. $1,840 per month, based on comparable rentals
Sale and tax history for 16602 - 16608 Delano Rd
- Sale History
- Tax History
$315/sq ft
$363/sq ft
$388/sq ft
$51/sq ft
Public record
- Public record
- Zoning
R10
Rural 10 Zone
The Rural 10 (R10) zone classification is intended to provide for rural uses at a rural density.Include but are not limited to:
- Agriculture
- Housing-Single unit
- Housing-Multiple units
- Fire house
- Police station
- Transportation
- Housing-Mobile home park
Property details
Parking
- Parking Information
- Covered Spaces: 1
- Parking Features: Attached Garage, Off Street, RV Parking
- Has Attached Garage
- Has Garage
- Garage Square Feet: 282
Interior
- Virtual Tour
- Bedroom Information
- # of Bedrooms: 2
- # of Bedrooms Main: 2
- Bathroom Information
- # of Full Baths (Total): 2
- # of Main Level Bathrooms (Total): 2
- # of Full Baths (Main): 2
- # of Bathtubs: 1
- # of Showers: 1
- Room 1 Information
- Room Type: Dining Room
- Room Level: Main
- Room 2 Information
- Room Type: Entry Hall
- Room Level: Main
- Room 3 Information
- Room Type: Kitchen Without Eating Space
- Room Level: Main
- Room 4 Information
- Room Type: Living Room
- Room Level: Main
- Room 5 Information
- Room Type: Utility Room
- Room Level: Main
- Room 6 Information
- Room Type: Bathroom Full
- Room Level: Main
- Room 7 Information
- Room Type: Bedroom
- Room Level: Main
- Room 8 Information
- Room Type: Bedroom
- Room Level: Main
- Room 9 Information
- Room Type: Bathroom Full
- Room Level: Main
- Basement Information
- Basement Features: None
- Heating & Cooling
- Has Heating
- Heating Information: Wall Furnace
- Cooling Information: None
- Interior Features
- Interior Features: Water Heater
- Flooring: Laminate, Vinyl, Carpet
Exterior
- Building Information
- Building Information: Built On Lot
- Construction Materials: Wood
- Roof: Composition
- Exterior Features
- Exterior Features: Wood
- Property Information
- Energy Source: Electric
- Sq. Ft. Finished: 1,032
- Style Code: 10 - 1 Story
- Property Type: Residential
- Property Sub Type: Single Family Residence
- Zoning: R10
- Land Information
- Vegetation: Brush, Pasture, Wooded
- Lot Information
- MLS Lot Size Source: 98881
- Site Features: Cable TV,Deck,Fenced-Fully,High Speed Internet,Outbuildings,RV Parking
- Zoning Jurisdiction: County
- Lot Features: Paved
- Lot Size Units: Square Feet
- Lot Size Acres: 2.27
- Elevation Units: Feet
Financial
- Tax Information
- Tax Annual Amount: $3,273
- Tax Year: 2025
- Financial Information
- Listing Terms: Cash, Conventional
- Buyer Financing: Other
Utilities
- Utility Information
- Water Source: Individual Well
- Power Company: Peninsula Light
- Sewer: Septic Tank
- Water Heater Type: electric
Location
- School Information
- Elementary School: Evergreen Elem
- Middle Or Junior High School: Key Peninsula Mid
- High School: Peninsula High
- High School District: Peninsula
- Location Information
- Directions: Take Key Peninsula Hwy NW south to Lakebay, left on Cornwall, right on Delano Rd Sw, home is on the right.
- Topography: Equestrian,Level,Partial Slope
- Community Information
- Senior Exemption: false
Public facts
- Beds: 2
- Baths: 1.0
- Sq. Ft.: 1,032
- Stories: 1.0
- Lot Size: 2.27 acres
- Style: Single Family Residential
- Year Built: 1920
- Year Renovated: 2007
- County: Pierce County
- APN: 0020021019
Other
- Listing Information
- Buyer Brokerage Compensation: 3
- Buyer Brokerage Compensation Type: %
- Mls Status: Sold
- Listing Date Information
- On Market Date: Thursday, February 19, 2026
- Green Information
- Power Production Type: Electric
- Home Information
- Living Area: 1,032
- Calculated Square Footage: 1032
- MLS Square Footage Source: realist
- Building Area Total: 1032
- Building Area Units: Square Feet
- Foundation Details: Poured Concrete
- Year Built Effective: 2007
- Effective Year Built Source: Public Records
- Structure Type: House
- Levels: One
- Security Features: Fully Fenced
- Entry Location: Main
Around this home
Schools
Public PreK-5 • Assigned • 1.1mi
Public 6-8 • Assigned • 3.7mi
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 87° expected this year, 14 days in 30 years
Minimal risk of severe winds over next 30 years
15 unhealthy days expected this year, 23 days in 30 years
Sun exposure
Very good sunlight
SunscoreThere appears to be minimal shading by surrounding buildings, terrain, and vegetation.
Nearby similar homes
New listings for sale in 98349
Home values near 16602 - 16608 Delano Rd
| Address | Redfin Estimate |
|---|---|
4 Beds | 2 Baths | 2294 Sq. Ft. | $717,691 |
2 Beds | 1 Baths | 882 Sq. Ft. | $527,931 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1830 Sq. Ft. | $934,242 |
2 Beds | 2 Baths | 1680 Sq. Ft. | $468,654 |
| Address | Redfin Estimate |
|---|---|
- Beds | - Baths | - Sq. Ft. | — |
1 Beds | 1 Baths | 952 Sq. Ft. | $340,663 |
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