Luxury housing development planned on old Pierce County ranch property
AI-generated summary reviewed by our newsroom.
- Seven of the development's ten lots will offer single-family home packages for sale.
- The 37-acre property will keep 19 acres as preserved open space.
- The development is one of the last to use Pierce County's rural density bonus credits.
A local developer is planning to build seven single-family homes on a former family-owned homestead across from Artondale Elementary.
Through a partnership between BASK Design Build and the Allen Family Trust, the property adjacent to 40th Street Northwest and Wollochet Drive will host a housing community called Graham Ranch, BASK owner Jim Peschek told The News Tribune Monday. The land spans 37 acres, 19 of which will be preserved as open space.
The housing development will feature a gated entrance and 10 building lots ranging from 1.1 to 1.73 acres, seven of which will be for sale. The homes will be “surrounded by meadows, old-growth fir and maple, and a stocked fishing pond on land originally homesteaded by the Graham family more than a century ago,” listing broker and realtor Paige Schulte wrote in an email Monday.
The property website describes the project as a “low-impact development” with “bioretention areas and swales to uphold the land’s natural features.” The lots are big enough to add a pool, ADU, detached garage or sports court, according to the website.
The land previously belonged to G.R. Graham, who had cattle on the land and raised his sons there, Peschek said. The Allen Family Trust purchased the property about 12 years ago. Peschek, who grew up nearby, recalled fond memories of playing on the property as a child, from watching cows give birth in the barn to fishing for catfish in the pond.
“I feel extremely blessed to be able to develop this into a project that allows for more families to be able to enjoy the property, but also in keeping almost 20 acres of the property in pasture land and in its current state,” Peschek said.
His company, BASK Design Build, is a Gig Harbor-based firm that specializes in custom home building and has worked on several projects in the Gig Harbor area, such as The Reserve on Fox Island. Peschek said he expects the seven lots at Graham Ranch to go up for sale within the next two weeks; buyers will pick out a lot and work with staff to design their single-family home.
The remaining three lots will not be for sale. Two of them already have homes that are occupied. The homes previously belonged to the Graham family, Peschek said.
Interested buyers can contact listing broker Schulte for pricing. Asked for a rough estimate, Schulte wrote in a text message Tuesday that in “today’s market, Custom Luxury Homes are trading north of $2.5M.”
The development is one of the last in Pierce County to use rural density bonus credits, according to Peschek. The county eliminated these incentives, which allowed applicants to build up to twice as many residential units in rural areas if part of the parcel was designated as open space, in the most recent update to its comprehensive plan.
