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.
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Listing Snapshot
Price
$4,595,000
Days On Site
64 Days
Bedrooms
N/A
Inside Area (SqFt)
0 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
11.2099 Acres
Year Built
N/A
MLS® Number
2551037
Status
Active
Property Tax
$13,988
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
3 weeks ago
Listing updated with changes from the MLS®
2 months ago
Status changed to Active
2 months ago
Listing first seen on site
General Features
Acres
11.2099
Additional Property Use
Multi-FamilyResidentialSee Remarks
Utilities
Electricity AvailableNatural Gas Available
Zoning
R-2
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Exterior Features
Lot Features
Rolling SlopeSloped
View
BayMountain(s)SoundTerritorial
Waterview
BayMountain(s)SoundTerritorial
Community Features
MLS Area
8 - Gig Harbor North
School District
Peninsula
Financing Terms Available
CashConventional
Schools
School District
Peninsula
Elementary School
Swift Water Elementary
Middle School
Harbor Ridge Mid
High School
Peninsula High
Courtesy of NWMLS
Listing courtesy of Cindy Marchand of Windermere Prof Partners
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Northwest MLS.
All data is obtained from various sources and may not have been verified by the broker or MLS Grid. Supplied open house information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-09-16 05:39 PM PDT
Neighborhood & Commute
Source: Walkscore
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