$1,825,000
Est. $9,305/mo4 bd•1.5 ba•2,576 sq ft
164 Madrona Drive Nw, Gig Harbor, WA 98335
• Listed 2026-07-22•1 day on market
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of July 27, 2026 at 08:15am (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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
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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!
Listed by Whitney Johnsen • Hawkins Poe
Listing updated: July 27, 2026 at 08:15am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2555418
Open houses
3 datesNearby open houses (8)
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Open Wed, Jul 29 +112:00 PM – 4:00 PM
$1.20M3 bd · 2.5 ba · 2,603 sqft
11290 (lot 47) 112th St Loop, Gig Harbor, WA 98332
$1,789,000
-$36,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $913K and $2.1M.
Rental earnings
$5,375/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$2,100,000Last sold price
55 Raft Island Drive Nw, Gig Harbor, WA 98335
$930,000Last sold price
7111 Ray Nash Drive Nw, Gig Harbor, WA 98335
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
164 Madrona Drive Nw, Gig Harbor, WA 98335
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
$10,872 per month
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Cary Farrah · Premier Real Estate Partners
12:00 PM – 4:00 PM
$1.15M4 bd · 2.5 ba · 2,603 sqft
11389 (lot 31) 112th St Loop, Gig Harbor, WA 98332
Open Thu, Jul 30 +1Open Thu, Jul 30 +1
Open Thu, Jul 30 +1
Open Thu, Jul 30 +3
Open Thu, Jul 30 +2
Open Thu, Jul 30 +2Gig Harbor is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 9 days.
$1,050,000 Sold
6 weeks ago
2 bd•1 ba•~1,083 sq ft•Single Family
115 Alder Drive Nw, Gig Harbor, WA 98335
13%
Under list
—
Days on market
0.3 mi
Distance
$740,000 Sold
3 months ago
3 bd•2.5 ba•~2,133 sq ft•Single Family
132 Park Avenue Nw, Gig Harbor, WA 98335
1%
Under list
—
Days on market
0.2 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 from MLS GRID / NWMLS · Updated Jul 2026
Peninsula School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
