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JRJeff ReynoldsCompass · Seattle

164 Madrona Drive NW, Gig Harbor, WA 98335

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Active

Listed by Whitney Johnsen, Hawkins Poe

Active0 days on market

$1,825,000

$708 per sq ft

164 Madrona Drive NW, Gig Harbor, WA 98335

Gig Harbor, WA, 98335

Beds
4
Baths
3
Sq ft
2,576
Built
1971
Parking
Detached Garage, RV Parking
HOA
$200 monthly
Ask Jeff

Tour this home

Jeff Reynolds · Managing Broker, Compass

Start with a focused 15-minute call, then tour with a clear due-diligence plan.

4
Bedrooms
3
Bathrooms
2,576
Square feet
$708
Per sq ft
Single Family Residence
Type
1971
Year built
69,133 sq ft
Lot
0
Days on market

About this property

Some places simply have a way of making you slow down—Raft Island is one of them. Cross the bridge and discover this beautifully renovated retreat on 1.59 acres, where fresh, modern finishes blend effortlessly with timeless style. Filled with abundant natural light, warm, inviting materials, and thoughtfully selected fixtures, every space reflects attention to detail. The open-concept layout creates a seamless flow between the living spaces, while expansive windows frame breathtaking 180-degree views stretching from sunrise to sunset, showcasing Deadman's Island, the Olympic Mountains, and the waters of Puget Sound. The well-designed floor plan features a main-level primary suite, while three generous bedrooms on the lower level provide room to spread out. Multiple indoor and outdoor gathering spaces make entertaining effortless, from quiet mornings taking in the views to summer evenings by the pool. Enjoy the large level lawn, raised garden, and an oversized three-car garage with room for vehicles and hobbies. Steps away, the private beach offers kayak and paddleboard storage so you are on the water in minutes. Raft Island residents also enjoy a private boat launch, sport court, neighborhood park, and quiet roads perfect for walking or biking. This unique island community offers the rare combination of privacy, recreation, and connection, all just minutes from downtown Gig Harbor. 164 Madrona is Pacific Northwest living at its very best!

Location & commute

Add a destination (work, gym, school) for directions and drive time.

Directions

Property details

Listing details

Listing number
#2555418
Listed
July 22, 2026
Days on market
0
Price per sq ft
$708

Unit & building

Unit levels
One

Homeowners association

HOA dues
$200 monthly
Dues include
Common Area MaintenanceRoad MaintenanceSee Remarks

Parking

Parking
Detached GarageRV Parking
Covered spaces
3
Total spaces
3

Views

View
Bay

Construction

Year built
1971
Style
16 - 1 Story w/Bsmnt.
Structure
House
Roof
Composition

Heating & cooling

Heating
Forced Air
Cooling
Central Air
Energy source
ElectricNatural Gas

Interior features

Features
FireplaceSkylight(s)Walk-In Closet(s)
Fireplaces
1
Fireplace type
Gas

Lot

Lot features
Paved
Lot size
69,133 sq ft

Terms

Terms offered
CashConventionalFHAVA Loan

Utilities

Water
Washington Water
Sewer
Septic
Power
Peninsula Light

Schools

District
Peninsula
Elementary
Buyer To Verify
Middle
Buyer To Verify
High
Buyer To Verify

Listing history

  1. Listed

    $1,825,000

    July 22, 2026

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$10,827

Principal & interest
$9,228
Property tax (est.)
$1,399
HOA dues
$200

Assumes $365,000 down (20%), a $1,460,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 22, 2026 at 2:15 PM PDT. 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.