All homes

$750,000

Reduced $100,000 — was $850,000

5119 38th Ave. NW

Gig Harbor, WA 98335

Active
Territorial view

Beds

2

Baths

1

Sq Ft

1,298

Lot

3.25 ac

Year built

1935

Type

Residential

Days listed

132

MLS #

2509363

About this home

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.

Interior features

Dining RoomFireplaceWater Heater

Exterior features

Wood

Appliances

DryerWasher

Schools

Elementary

Harbor Heights Elem

Middle

Goodman Mid

High

Gig Harbor High

Property details

Heating
Forced Air
Cooling
None
Flooring
Vinyl, Carpet
Parking
Driveway
View
Territorial
Water source
Public
Sewer
Septic Tank
Style
Craftsman
Levels
One and One Half
Fireplaces
1

Costs

Price / sq ft
$578
Annual taxes
$7,105 (2026)

Estimate your monthly payment

$4,384/mo

Principal & interest
$3,792
Property taxes
$592
Loan amount $600,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Gig Harbor, WA 98335

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Paramount Real Estate Group— Randy Knapp.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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