Listing
$4,595,000
Canterwood ••••• St (Sign up for 50 free credits to unlock)Gig Harbor, WA 98332
Property Description
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.
Property Facts & Features
- Property Type
- Land
- Status
- For Sale
- Listed
- Jul 15, 2026
- ZIP Code
- 98332
- Property Tax (2026)
- $4,340/yr
- Assessed Value
- $492,000
- Last Sold
- $825,000 · May 14, 2020
- Neighborhood
- Peacock Hill
- County
- Pierce
- School District
- Peninsula School District
Features & Amenities
Land Info
- Additional Parcels Description: 0122251032, 0122255002, 0122255003, 0122255004
- Brush
- Evergreens
- Lightly Treed
- Lot Description: Adjacent to Public Land, Open Space
- Lot Size Acres: 11.2099
- Topography: Rolling, Sloped
- Lot Size Square Feet: 488306
Utilities
- Electric: In Street
- Gas: In Street
- Sewer: In Street
- Electricity Available
- Gas
- Water Source: In Street
Home Features
- View: Bay, Mountains, Partial, Sound, Territorial
School Information
- Elementary School: Swift Water Elementary
- High School: Peninsula High
- High School District: Peninsula
- Middle School: Harbor Ridge Mid
- School District: Peninsula
Heating and Cooling
- Number of Fireplaces: 0
Other Property Info
- Annual Tax Amount: 13988
- Source Listing Status: Active
- County: Pierce
- Directions: From Hwy 16 take the Burnham Dr Exit. At the round about take the Canterwood Blvd exit. Property will be on the left side just prior to St Anthony's Hospital.
- Tax Year: 2026
- Possible Use: Multi-Family, Residential
- Area: 8 - Gig Harbor North
- List Development Name: Gig Harbor North
- Source Neighborhood: Gig Harbor North
- Parcel Number: 0122254062
- Subdivision: Gig Harbor North
- Zoning: R-2
- Zoning Description: Multi-Family, Residential
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Building and Construction
- Building Area Units: Square Feet
- House Style: Multi-Family
- Elevation Units: Feet
Exterior and Lot Features
- Road Responsibility: Private Maintained Road
- Roads: Access Easement,Privately Maintained
Price & Event History
| Date | Event | Price | $/Sq Ft |
|---|---|---|---|
| Jul 15, 2026 | Listed | $4,595,000 | - |
| Apr 30, 2026 | Listing removed | - | - |
| Mar 19, 2024 | Listed | $2,999,950 | - |
| May 14, 2020 | Sold | $825,000 | - |
| Mar 16, 2003 | Sold | $185,000 | - |
Location
Lat 47.36666 · Lng -122.61634