The tower stands fifteen feet tall and has an open lantern room. A dedication ceremony for the lighthouse was held in April 1989 in conjunction with the local Maritime Week and as part of the State of Washington Centennial and the Bicentennial of the U.S. Lighthouse Service.
The lighthouse replaced a minor aid to navigation that formerly occupied the site. Stevenson Sparks designed the lighthouse, which cost $30,000 in addition to a considerable amount of donated labor and equipment. Wade Perrow Construction and Lone Star Concrete built the tower, and Manson Construction Company ferried the lighthouse to the point and lowered it onto the selected site for free.
Click here to view a 1988 news report on the lighthouse.
As part of the twenty-fifth anniversary of the lighthouse, the time capsules were retrieved from the tower, returned to their owners, and then displayed at a park in Gig Harbor on April 26, 2014. A new round of time capsules to be opened in another twenty-five years were sold to the public. Four different sizes of time capsules were available ranging from an eighteen-inch-long PVC pipe with a diameter of four inches for $100 to an eighteen-inch-long PVC pipe with a diameter of ten inches for $1,000. The capsules had to be returned on June 28, 2014 and were placed in the lighthouse later that summer.
The Howard Coble Coast Guard and Marine Transportation Act of 2014, which passed Congress on December 11 of that year, included a provision transferring ownership of the property surrounding the lighthouse to the city. The City of Gig Harbor would eventually like to have a park on the sand spit on which the lighthouse stands. Due to surrounding private property, the park would be a marine park accessible only from the water. A ceremony was held at the lighthouse on June 6, 2015 to celebrate the transfer of the spit to the city.
Gig Harbor Lighthouse is listed on the official Coast Guard Light List as a private aid to navigation that exhibits a red flash every four seconds.