Presenting a rare waterfront property spanning just over 19 acres with approximately 130 ft. of low bank shoreline. Spectacular views of Gig Harbor and the Tacoma Narrows Bridge. The setting includes open space and a tree lined perimeter providing privacy. Zoned R-10 and located adjacent to the Fox Island Yacht Club with convenient access to downtown Gig Harbor. Approved builder plans for a custom 6000+ sq. ft. residence w/pool and outbuildings are in place including building permits renewed through June 2027. Septic has been dug, with permits approved across multiple locations. A feasibility report has been completed. Initial work toward a short plat to create three total parcels has been started; buyers may continue the process subject to applicable requirements and approvals. Water management improvements direct runoff to a reserve pond and toward the shoreline. Two access points serve the main parcel and potential additional parcels. The property offers flexibility for residential development, with space for gardens, recreational features and existing fruit trees. Additional information regarding plans, utilities, and development status available upon request. Buyers are encouraged to verify all plans, approvals, and feasibility.