University Place Real Estate August 14, 2026

One-of-a-Kind 2.45-Acre Property in Heart of University Place 

Absolutely brimming with possibilities, this park-like 2.45-acre property in the heart of University Place offers a truly rare opportunity! Discover expansive living with this tri-level home that offers a 3,692-square-foot layout replete with potential, where the dynamic floor plan boasts ample room to spread out and transform each space to your liking. Located at 3312 67th Avenue W University Place, WA 98466 right next door to Paradise Pond Park, across from Fircrest Golf Club, and merely 2 minutes from Bridgeport Way, this one-of-a-kind University Place home is listed for $995,000. 

This 2.45-acre property offers a long list of possibilities. Currently, it’s configured for residential use with a history of small business use. There are potential opportunities for an ADU, duplex conversion, subdivision, or future development, but of course this is all subject to zoning, permitting, and buyer verification. The property is zoned R1, but buyers should verify all intended uses, density, lot yield, grandfathered rights, and development potential with the City of University Place. Bring your ideas, imagination, and see what’s possible in the years to come! 

For now, you can enjoy this University Place property as is and embrace all that it offers. The park-like surroundings let you feel miles and miles away from it all, letting you bask in the peace and quiet of country living, all while being within city limits. Mature landscaping surrounds, a deck overlooks the storybook pond, and you even have direct access to trails that lead you toward Paradise Pond Park next door. The yard also features a charming custom-built backyard playset, which is included. 

Warm and welcoming, this home’s timeless design offers a lovely backdrop for all that life brings your way. The generous formal living and dining rooms are ready for entertaining in style, with more than enough room to host a crowd. Another dining area rests alongside the dialed-in kitchen, too. Additional living areas provide wonderful flexibility, so there’s plenty of room to curate to your liking. 

When it’s time to unwind, a total of 3 bedrooms and 2.75 baths are in the dynamic mix. The third bedroom could easily function as a media room or great room. And the third floor is dedicated to the primary suite, a sprawling getaway tucked away from the rest of the home. In addition to the huge bedroom layout, there are also 2 oversized absolutely dreamy walk-in closets, and an ensuite bath with a jetted tub.  

Find even more opportunities in the generous basement (which includes interior/exterior access and an additional washer/dryer hookup), in the detached garage (which features a sunroom and enclosed hot tub), and in the huge attic (which offers additional storage or future expansion possibilities, subject to buyer verification). Design, decorate, and delight in making this University Place residence your own! 

What Is It Like to Live in University Place, Washington? 

At 3312 67th Avenue W University Place, WA 98466, you get to enjoy the very best of both worlds: Serene country living is all yours, and yet you’re in the heart of University Place and merely moments from dining, shopping, schools, recreation and much more. Paradise Pond Park is right next door, Fircrest Golf Club is across the street, and Bridgeport Way is only a 2-minute drive away. Along Bridgeport Way you’ll find places like Whole Foods, Harbor Greens, Safeway, Trader Joe’s, restaurants, shops, gyms, the library, medical facilities, and more. The Roy H. Murphy Community Center in Fircrest is another popular destination for locals and is only 4 minutes away from home. 

Interested in learning more? Click here to view the full listing! You can also contact REALTOR® Ryan Waterman online here or give him a call/text at (253) 223-8907.