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Listed by: Windermere Real Estate Co. • Brooks Glenn

$1,600,000

Federal Way, WA 98003

8beds

3,950sqft

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Single Family Residence

Built in 1947

1.38 Acres Lot

$1,530,500 Zestimate^®

$405/sqft

$-- HOA

What's special

Existing structures

Developers. Investors. Visionaries — This One Just Leveled Up. Now offering a rare double-lot opportunity totaling approx. 60,000 sq ft in the highly desirable Steel Lake area. This opportunity brings serious scale and flexibility for those ready to build and maximize potential. The property includes a 3,200 sq ft home + 750 sq ft DADU, creating immediate options—hold, rent, or redevelop while you plan your next move. Zoned RS7.2, this site presents strong potential for subdivision and multiple new homes or townhomes (buyer to verify)—making it ideal for both experienced developers and investors looking for their next value-add project. Large parcels like this—especially with existing structures and development flexibility—are becoming increasingly rare in established, well-located neighborhoods near shopping, schools, and major commuter routes. Two lots. Multiple paths. Unlimited upside. Build it. Scale it. Maximize it.

67 days

94

1

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 3
Full bathrooms: 3
Main level bathrooms: 2
Main level bedrooms: 5

Primary bedroom

Level: Main

Bedroom

Level: Lower

Bedroom

Level: Main

Bedroom

Level: Main

Bedroom

Level: Main

Bedroom

Level: Main

Bathroom full

Level: Main

Bathroom full

Level: Main

Kitchen with eating space

Level: Main

Living room

Level: Main

Rec room

Level: Lower

Other

Level: Main

Utility room

Level: Main

Heating

Heat Pump, Electric, Solar (Unspecified)

Cooling

Heat Pump

Appliances

Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Washer(s)

Features

Bath Off Primary, Dining Room
Flooring: Engineered Hardwood, Travertine
Windows: Dbl Pane/Storm Window
Basement: Daylight,Finished
Has fireplace: No
Fireplace features: Wood Burning

Interior area

Total structure area: 3,200
Total interior livable area: 3,950 sqft

Property

Parking

Total spaces: 3
Parking features: Attached Garage
Has attached garage: Yes
Covered spaces: 3

Features

Levels: Two
Stories: 2
Entry location: Main
Patio & porch: Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Security System

Lot

Size: 1.38 Acres
Dimensions: 100’ x 300’
Topography: Partial Slope
Residential vegetation: Brush, Fruit Trees, Garden Space, Wooded

Details

Additional structures: ADU Beds: 2, ADU Baths: 1
Parcel number: RS042626
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: 2 Story
Property subtype: Single Family Residence

Materials

Brick, Wood Siding
Foundation: Poured Concrete
Roof: Composition

Condition

Year built: 1947

Utilities & green energy

Electric: Company: Puget Sound Energy
Sewer: Available, Sewer Connected, Company: Lakehaven
Water: Public, Company: Lakehaven

Green energy

Energy generation: Solar

Community & HOA

Community

Security: Security System
Subdivision: Federal Way

Location

Region: Federal Way

Financial & listing details

Price per square foot: $405/sqft
Annual tax amount: $6,941
Date on market: 4/27/2026
Cumulative days on market: 68 days
Listing terms: Conventional
Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)

Estimated market value

$1,530,500

$1.45M - $1.61M

$3,126/mo

Price history

Date	Event	Price
4/27/2026	Listed for sale	$1,600,000$405/sqft
Source: NWMLS as distributed by MLS GRID #2513577 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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