Prime development opportunity on 4+ acres in Federal Way just moments to the Star Lake light rail station and I5. An exceptional vacant parcel off S Star Lake Road offering prime residential development potential in a highly desirable South King County location. Zoned RS 9600, providing a strong foundation for single or middle-house residential development. A newer sewer main runs along the east property line and power and public water is already on property. Additional vacant lots adjoin for enhanced development potential. Motivated Seller with some 2024 studies available.
Active
Listed by: Skyline Properties, Inc. • Mitchell E. Greenblatt
$475,000
2647 S Star Lake Road, Federal Way, WA 98003
--beds
--baths
4.05Acres
Unimproved Land
Built in ----
4.05 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 16 days |
- 342 |
- 35 |
Zillow last checked:
Listing updated:
Listed by:
Mitchell E. Greenblatt,
Skyline Properties, Inc.,
Jin Lee,
Skyline Properties, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2548197
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Features
- On waterfront: Yes
- Waterfront features: Creek
Lot
- Size: 4.05 Acres
- Features: Dead End Street, Brush, Evergreens, Heavily Forested, Lightly Treed, Partially Cleared, Stream/Creek
- Topography: Level,See Remarks
- Residential vegetation: See Remarks
Details
- Parcel number: 7204800040
- Zoning: RS9600
- Zoning description: Residential,See Remarks,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: On Property
- Gas: In Street
- Sewer: Available, In Street, Septic Design Installed
- Water: Available, In Street, On Property, See Remarks
- Utilities for property: Electricity Connected, Natural Gas Available, Septic Design Installed
Community & HOA
Community
- Subdivision: Redondo
Location
- Region: Federal Way
Financial & listing details
- Tax assessed value: $442,000
- Annual tax amount: $4,550
- Date on market: 6/30/2026
- Cumulative days on market: 18 days
- Listing terms: See Remarks
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$2,397/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Listed for sale | $475,000+47.1% |
Source:  NWMLS as distributed by MLS GRID #2548197 Report a problem | ||
| 5/2/2006 | Sold | $323,000+37.4% |
Source: Public Record Report a problem | ||
| 12/22/2000 | Sold | $235,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,550 +6.8% | $442,000 +4.2% |
| 2024 | $4,262 -0.6% | $424,000 +9.8% |
| 2023 | $4,290 -18.9% | $386,000 -28% |
| 2022 | $5,287 +12.9% | $536,000 +30.4% |
| 2021 | $4,682 +9.5% | $411,000 +16.8% |
| 2020 | $4,276 +5.5% | $352,000 +4.1% |
| 2019 | $4,055 +9.3% | $338,000 +5.6% |
| 2018 | $3,710 -10% | $320,000 +11.1% |
| 2017 | $4,120 +18.9% | $288,000 +8.7% |
| 2016 | $3,464 | $265,000 +6% |
| 2015 | $3,464 | $250,000 +5.5% |
| 2014 | $3,464 | $237,000 +18.5% |
| 2013 | $3,464 | $200,000 +4.7% |
| 2012 | -- | $191,000 -7.3% |
| 2011 | -- | $206,000 -11.6% |
| 2010 | -- | $233,000 |
| 2009 | -- | $233,000 -2.1% |
| 2007 | -- | $238,000 +5.8% |
| 2006 | -- | $225,000 +7.7% |
| 2005 | -- | $209,000 +27.4% |
| 2001 | $2,206 +13.9% | $164,000 +18.8% |
| 2000 | $1,937 | $138,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Redondo
Nearby schools
GreatSchools rating
- 3/10Mark Twain Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 2/10Evergreen Middle SchoolGrades: 6-8Distance: 1 mi
- 3/10Federal Way Senior High SchoolGrades: 9-12Distance: 1.9 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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