Rare offering! The seller strongly prefers to sell this parcel together with the adjacent property (MLS #2551036), creating a combined 33,098 sq. ft. development opportunity in the highly desirable University Place School District. The neighboring property features a 4,520 sq. ft. mid-century fixer with good bones, an in-ground pool (currently not operational), and sits on a 24,326 sq. ft. double lot, offering exceptional potential for redevelopment, renovation, or the creation of a private estate. Located in the established Rolling Hills Estates neighborhood, this property offers a peaceful, private setting on a quiet street with no HOA, just minutes from shopping, dining, parks, and everyday conveniences. Based on preliminary discussions with consultants, buyers may choose to renovate the existing residence and pursue a Boundary Line Adjustment (BLA) which MAY enable buyer to build for two additional homes of approximately 3,200+ sq. ft. each. Alternatively, the combined properties MAY offer the potential for a larger redevelopment of up to six homes. Buyer to verify all development potential, buildability, subdivision feasibility, utility availability, permitting, and all information to their own satisfaction. June 2026 appraisal available upon request. Estate sale. Property is sold as-is with no warranties or representations by the seller or listing brokers.
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Zillow last checked:
Listing updated:
Listed by:
Tom Skepetaris,
Realogics Sotheby's Int'l Rlty,
Rebecca Mitsui,
Realogics Sotheby's Int'l Rlty
Source: NWMLS as distributed by MLS GRID,MLS#: 2551449
Facts & features
Interior
Features
Has fireplace: No
Interior area
Total structure area: 0
Property
Features
Has view: Yes
View description: Territorial
Lot
Size: 8,772 Square Feet
Dimensions: 88 x 96 x 85 x 98
Features: Lightly Treed
Topography: Level
Details
Parcel number: 7267820422
Zoning: UP
Zoning description: Residential,Jurisdiction: City
Special conditions: Standard
Utilities & green energy
Electric: In Street
Gas: In Street
Sewer: Available, In Street
Water: In Street, See Remarks
Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Community
Subdivision: University Place
Location
Region: Tacoma
Financial & listing details
Annual tax amount: $2,067
Date on market: 7/8/2026
Cumulative days on market: 8 days
Listing terms: Conventional
Road surface type: Paved
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/13/2026
Pending sale
$238,800
Source: NWMLS as distributed by MLS GRID #2551449Report a problem
7/8/2026
Listed for sale
$238,800
Source: NWMLS as distributed by MLS GRID #2551449Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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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.
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