$850,000
Est. $4,311/mo2 bd•1,298 sq ft
5119 38th Ave. Nw, Gig Harbor, WA 98335
• Listed 2026-04-19•9 days on market
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Based on information submitted to the MLS GRID as of May 29, 2026 at 2:38 PM PDT (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by 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.
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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.
Listed by Randy Knapp • Paramount Real Estate Group
Listing updated: May 20, 2026 at 01:08pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2509363
5 recent nearby sales, priced between $480K and $1.05M.Sourced from public records — exterior photo via Google Street View.
$850,000Last sold price
5119 38th Ave NW, Gig Harbor, WA 98335
$1,050,000Last sold price
3422 Harborview Dr, Gig Harbor, WA 98332
$850,000Last sold price
7314 Soundview Dr, Gig Harbor, WA 98335
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Randy Knapp · Paramount Real Estate Group
Gig Harbor is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 24 days.
$698,500 Sold
4 weeks ago
3 bd•2.5 ba•~1,919 sq ft•Single Family
5718 41st Avenue Ct Nw, Gig Harbor, WA 98335
2%
Under list
—
Days on market
0.5 mi
Distance
$949,500 Sold
6 weeks ago
4 bd•2.5 ba•~2,812 sq ft•Single Family
5311 Reid Drive Nw, Gig Harbor, WA 98335
0%
Over list
—
Days on market
0.9 mi
Distance
$190,000 Sold
2 months ago
•Single Family
0 Xxx Murphy Drive Nw, Gig Harbor, WA 98335
5%
Under list
—
Days on market
0.1 mi
Distance
$1,075,000 Sold
4 months ago
3 bd•2.5 ba•~3,085 sq ft•Single Family
2716 58th Street Ct Nw, Gig Harbor, WA 98335
7%
Under list
—
Days on market
0.8 mi
Distance
$550,000 Sold
5 months ago
3 bd•1 ba•~1,148 sq ft•Single Family
5302 24th Avenue Nw, Gig Harbor, WA 98335
1%
Over list
—
Days on market
0.8 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data via RentCast · Updated May 2026
4.2/10
Car-Dependent
Most errands require a car
4.0/10
Some bikeability
Minimal bike infrastructure
Provided by Walk Score
Schools shown are the nearest public Elementary, Middle, and High school for this property. School district boundaries change — verify the assigned school with the district before purchasing.