Listing provided courtesy of Paramount Real Estate GroupNWMLSMLS# NWM2509363MLS Provider
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Rare opportunity to own two contiguous parcels totaling 3.25 acres in a prime, close-in location within the city limits of Gig Harbor, WA. This mostly level acreage offers exceptional flexibility—build your custom dream home, create a private estate, or explore investment potential in an area where larger parcels are increasingly hard to find. Included is a nostalgic 1935 vintage home, offering 2 bedrooms and 1 bath, and brimming with potential. Restore its classic charm, use it as a temporary residence while you build, or reimagine the space entirely. The contiguous parcel expands your vision, providing room for gardens, outdoor living, or future possibilities. Ideally located just minutes from historic downtown Gig Harbor and its vibrant waterfront, this property places you near scenic parks, top-rated schools, charming restaurants, and everyday conveniences. Enjoy the perfect balance of peaceful surroundings and easy accessibility. Commuters will appreciate the quick drive to Hwy 16 and nearby shopping, including Costco and Target. Held in the same family for decades, this property is rich with history and ready for its next chapter. Opportunities like this—combining acreage, location, and legacy—are increasingly rare in one of the Pacific Northwest’s most beloved waterfront communities.

Source: NWMLS, MLS#: NWM2509363

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  • Property Type
    Residential
  • Lot
    3.25 acres

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  • Median Age
    45
  • Population Density
    829
  • College Educated
    59%
  • Estimated Median Income
    $109,031
  • Estimated Total Home Owners
    8,122
  • Estimated Total Renters
    2,482
  • Owner / Renter Divide
    77% / 23%
  • Estimated Average Household Size
    3
  • Total Population
    27,098
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 5119 38th Ave. NW


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/1/2026Source: NWMLS Price Reduction
$790,000 -7.1%
4/19/2026Source: NWMLS Added to Database
April 19, 2026