A rare and exceptional development opportunity in one of Gig Harbor North's fastest-growing corridors. This 11+ acre parcel is ideally positioned directly across from St. Anthony Hospital and within Gig Harbor city limits, offering outstanding potential under the City's updated zoning. With the recent increase in allowable density from 6 to 12 units per acre, developers have an incredible opportunity to maximize the site's potential. For a 55+ active adult community, even greater density may be permitted, making this an ideal location for age-restricted housing or a thoughtfully planned multifamily development. The property offers partial views of Henderson Bay and the Olympic Mountains, creating the opportunity for residences with beautiful western sunsets and scenic outlooks. Existing utilities, including sewer, water, natural gas, and electricity, are available from Canterwood Boulevard, helping streamline future development. Located just minutes from Highway 16, Canterwood Golf & Country Club, shopping, restaurants, and everyday amenities, this property combines an exceptional location with strong investment potential. Opportunities of this size, location, and development potential within Gig Harbor city limits are increasingly rare.
23 days
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155
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Zillow last checked:
Listing updated:
Listed by:
Cynthia Marchand,
Windermere Prof Partners,
Nick Dahl,
Windermere Prof Partners
Source: NWMLS as distributed by MLS GRID,MLS#: 2551037
Facts & features
Interior
Features
Has fireplace: No
Interior area
Total structure area: 0
Property
Features
Has view: Yes
View description: Bay, Mountain(s), Partial, Sound, Territorial
Has water view: Yes
Water view: Bay,Sound
Lot
Size: 11.21 Acres
Features: Adjacent to Public Land, Open Lot, Brush, Evergreens, Lightly Treed
Topography: Rolling,Sloped
Details
Parcel number: 0122254062
Zoning: R-2
Zoning description: Multi-Family,Residential,See Remarks,Jurisdiction: City
Special conditions: Standard
Utilities & green energy
Electric: In Street
Gas: In Street
Sewer: In Street
Water: In Street, Jurisdiction: WA Water
Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Community
Subdivision: Gig Harbor North
Location
Region: Gig Harbor
Financial & listing details
Annual tax amount: $13,988
Date on market: 7/15/2026
Cumulative days on market: 25 days
Listing terms: Conventional
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/16/2026
Listed for sale
$4,595,000
Source: NWMLS as distributed by MLS GRID #2551037Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.