Now that Little Bear has her own Little Free Library, and likes to ride her bike around and around Magnolia Playground, I asked her if she knew of a place nearby where I could hide a cache. She's been with me to look at her caches (both now archived, alas) and find a couple of others, and when I asked her, she brought me right to this spot. I'm not sure if she knew there was a perfect little nook to hide a cache there, but there was. It's not very close to either the Little Free Library or the playground, but it's not far, either.
Congratulations to CuriousKDB on FTF!
Edit 10 May 2020: Difficulty level now 2.5. A tool may be required to extract the cache.
July 2024: Adopted by Julia