James & Angie Smith

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Listing provided courtesy of Windermere Prof PartnersNWMLSas Distributed by MLSGrid- MLS# NWM2505190MLS Provider

12125 N Key Peninsula HighwayGig Harbor, WA 98329

Vacant Land · 0.92 Acres
$299,000 Active

12125 N Key Peninsula Highway Overview

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Rare find on the Key Peninsula...8 bedroom septic design and 4 live water meters. Zoning is rural Neighborhood Commercial which allows a wide variety of commercial, light industrial and multi-family housing for 55+. Site is adjacent to the Shell Gas Station and mini-mart on Key Peninsula Highway. Nice nearly level lot with 127' of highway frontage. Access via Mini Mart access. Timberland Bank land financing with 35% down, OAC.

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12125 N Key Peninsula Highway Facts & Features

  • Type Vacant Land
  • Lot 0.92 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Peninsula
  • Elementary School: Evergreen Elem
  • Middle Or Junior School: Key Peninsula Mid
  • High School: Peninsula High

Building Information

  • Building Name: SP 2009-21-5001

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 9 - Key Peninsula North
  • Subdivision Name: Key Peninsula North

Tax Information

  • Tax Annual Amount: $1,287.00
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 0122305027
  • Possible Use: Commercial,Industrial,Multi-Family,Office,Residential,Retail
  • Property Sub Type: Land
  • Property Type: Land
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Possible: 8
  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Heating: No
  • Living Area: 0
  • Main Level Bathrooms: 0

Exterior

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Cul-De-Sac, Dead End Street
  • Lot Size Acres: 0.9189
  • Lot Size Square Feet: 40029
  • Lot Size Units: Square Feet
  • Property Features: Partially Cleared
  • Topography: Level
  • Elevation Units: Feet
  • Water Source: On Property

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Structure Type: None

General Information

  • Carport: No
  • Electric On Property: No
  • Sewer: Not Available
  • Utilities: Electricity Available

12125 N Key Peninsula Highway Neighborhood

Community

98329 (Gig Harbor) Demographics

42
Median Age
353
Population Density (per sq. mile)
44%
College Educated
$95,769
Estimated Median Income
3,545
Estimated Total Home Owners
443
Estimated Total Renters
89% / 11%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

12125 N Key Peninsula Highway Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

12125 N Key Peninsula Highway Market Data

Based on the last 30 days in this zip code

$825,207
Average List Price
$359
Average Price per Square Foot
16
Properties Sold
75
Average Days on Market
55
Properties for Sale
Calculations provided by Reliance Network

12125 N Key Peninsula Highway History

Date Event Value Agent
4/9/2026Source: NWMLS Added to Database
April 09, 2026