Lakebay is an unincorporated community in Pierce County, Washington, United States. Lakebay is located at the head of Mayo Cove on the east side of the Key Peninsula, 1 mile (1.6 km) south of Home. Lakebay has a post office with ZIP code 98349.
The community derives its name from nearby Bay Lake.
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It is a great place for people to retire who enjoy nature and country living. There is a small town feel, with friendly people and easy shopping nearby.