BEAUTIFUL PARKLIKE 2.45 ACREAGE IN THE HEART OF UNIVERSITY PLACE! A truly one-of-a-kind property offering exceptional privacy, mature landscaping, a tranquil pond setting, and direct access to trails leading toward Paradise Pond Park. The spacious tri-level home features large rooms, vaulted ceilings, a deck overlooking the pond, a wood-burning fireplace, a generous basement with interior/exterior access and additional washer/dryer hookups, plus a detached garage with sunroom and enclosed hot tub. The third floor is dedicated to the primary suite with a jetted tub, expansive bathroom, and two oversized closets. Formal living and dining rooms provide excellent entertaining space, while the third bedroom can also function as a media room or great room. A huge attic offers additional storage or future expansion possibilities, subject to buyer verification. Custom-built backyard playset included. Currently configured for residential use with a history of small business use. Potential opportunities for an ADU, duplex conversion, subdivision, or future development may exist, subject to zoning, permitting, and buyer verification. Property is zoned R1; buyers should verify all intended uses, density, lot yield, grandfathered rights, and development potential with the City of University Place. Enjoy the convenience of country living within city limits, just minutes from shopping, dining, parks, schools, Fircrest Golf Club, and Chambers Bay Golf Course.