Imagine mornings looking at Mt. Rainier & evenings gathered around the fire at your own private beach. Rare Lakebay property offers 120' of waterfront & sweeping views across Delano Bay, Carr Inlet & Puget Sound. Follow steps to water where a 8x16 dock, waterfront patio & firepit area create an unforgettable setting for boating, kayaking, entertaining & peaceful NW living.4 lots totaling 1.03 acres provide exceptional space, privacy & flexibility. 2 waterfront lots include a 1974 rambler w/basement offering approximately 2,800'-3 beds/3 baths. Main level offers kitchen, dining, living areas w/access to view deck, primary suite w/WIC & bath, 2nd bdrm & full bath. Lower level has separate entrance & office, bdrm w/large dressing rm/closet, .75 bath, laundry, expansive family rm opening to paver patio. Flexible layout appeals to multigenerational living, extended guests or buyers wishing to explore vacation-rental or other income-producing possibilities, subject to buyer verification. Other features are oversized 2-car garage, 16x28 flex rm, greenhouse, outbuilding, & RV parking. Across the street, 2 additional lots, detached carport, storage shed, greenhouse & level grassy area. Surrounded by mature trees & abundant wildlife, peaceful waterfront retreat feels worlds & offers remarkable versatility as full-time residence, private getaway, multigenerational retreat or investment opportunity. Waterfront properties with land, frontage & flexibility rarely become available.