Prime opportunity in a coveted location! Nestled on a near1-Acre lot, this exceptional property offers incredible potential for investors, developers, or visionary homeowners. Whether you're looking to renovate the existing home or start from scratch with a custom new build, this expansive and serene lot provides the perfect canvas. Located in a prime, Federal Way area, you're just minutes from shopping, schools, parks, and easy freeway access—making it an ideal and rare chance to capitalize on the value of land in a premium setting. Don’t miss this opportunity to create your dream home or a profitable investment. Opportunities like this don't come often—bring your vision and unlock the full potential of this great investment property!
Sold
Listed by:
Mary King,
Berkshire Hathaway HS NW
Bought with: Berkshire Hathaway HS NW
$550,000
35806 1st Avenue S, Federal Way, WA 98003
3beds
2,810sqft
Single Family Residence
Built in 1922
0.92 Acres Lot
$547,100 Zestimate®
$196/sqft
$3,389 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 29, 2025 at 04:05am
Offers reviewed: Jul 14
Listed by:
Mary King,
Berkshire Hathaway HS NW
Bought with:
Aleksander Prokhor, 117180
Berkshire Hathaway HS NW
Source: NWMLS,MLS#: 2402686
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Family room
- Level: Main
Family room
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Heating
- Fireplace, Forced Air, Electric
Cooling
- None
Appliances
- Included: Dishwasher(s), Microwave(s)
Features
- Dining Room
- Flooring: Laminate, Carpet
- Basement: Finished
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 2,810
- Total interior livable area: 2,810 sqft
Property
Parking
- Parking features: None
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Dining Room, Fireplace
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.92 Acres
- Features: Corner Lot, Paved
Details
- Parcel number: 2921049042
- Zoning: SFR
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Block, Poured Concrete
- Roof: Composition
Condition
- Year built: 1922
- Major remodel year: 1922
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank, Sewer Connected
- Water: Public, Company: Lake Haven
Community & neighborhood
Location
- Region: Federal Way
- Subdivision: Federal Way
Other
Other facts
- Listing terms: Cash Out,Conventional,Rehab Loan
- Cumulative days on market: 9 days
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$547,100
2% more+$10,942
With Zillow Showcase(estimated)$558,042