Vacant residential acreage on the Key Peninsula, South Puget Sound. 3.28-acre cleared lot in Lakebay on a private drive. No wetlands, no HOA, no CCRs. A 5-bedroom gravity on-site sewage system (OSS) design with preliminary site plan has been approved by Tacoma-Pierce County Health Department. The design includes a 3-bedroom main home, a detached 2-bedroom accessory dwelling unit (ADU), and two RV hookup sites. Two level areas have been cleared on the property. Septic area has been cleared. OSS approval valid through November 2026. Power has been extended to the parcel and stubbed. A private well with Variable Frequency Drive system was drilled in December 2024, producing 10.5 gallons per minute. A 20ft storage container is on site. Joemma Beach State Park is approximately 1 mile from the property. Penrose State Park is approximately 4 miles away. Gig Harbor is approximately 30 minutes by car. Located in the Peninsula School District. Pierce County parcel.