Exceptional opportunity in Federal Way! This spacious, well-maintained 5-bedroom, 2-bath home is situated in a desirable, established neighborhood and offers outstanding lifestyle and investment potential. Currently operated as an Adult Family Home, the business will no longer be active soon. The property features a functional layout well suited for continued care use or flexible multigenerational living. The garage includes a dedicated caregiver’s room with its own bathroom, providing added privacy and convenience. The existing setup offers a strong foundation for a future operator. The home is WABO-ready and connected to sewer. Conveniently located near shopping, dining, transportation, and other amenities.
Active
Listed by: Skyline Properties, Inc. • Anthony Pere
$695,950
Federal Way, WA 98023
6beds
1,740sqft
:
Get pre-qualified$4,226/mo
Single Family Residence
Built in 1976
6,398 Square Feet Lot
$-- Zestimate®
$400/sqft
$-- HOA
What's special
- 3 days |
- 41 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Anthony Pere,
Skyline Properties, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2563864
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 5
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Garage
Bathroom full
- Level: Main
Bathroom full
- Level: Garage
Other
- Level: Main
Bonus room
- Level: Garage
Dining room
- Level: Main
Family room
- Level: Main
Kitchen without eating space
- Level: Main
Living room
- Level: Main
Heating
- Forced Air, Electric, Natural Gas
Cooling
- Forced Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s)
Features
- Has fireplace: No
Interior area
- Total structure area: 1,740
- Total interior livable area: 1,740 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached Garage
- Has attached garage: Yes
- Covered spaces: 2
Features
- Levels: One
- Stories: 1
Lot
- Size: 6,398 Square Feet
Details
- Parcel number: 81126RS
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subtype: Single Family Residence
Materials
- Wood Products
- Roof: Tile
Condition
- Year built: 1976
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: Lake Heaven
- Water: Public, Company: Lakeheaven
- Utilities for property: Xfinity
Community & HOA
Community
- Subdivision: Steel Lake
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $400/sqft
- Annual tax amount: $5,552
- Date on market: 8/10/2026
- Cumulative days on market: 4 days
- Listing terms: Assumable,Conventional,FHA,USDA Loan,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Total actual rent: 6000
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/11/2026 | Listed for sale | $695,950$400/sqft |
Source:  NWMLS as distributed by MLS GRID #2563864 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Twin Lakes
Nearby schools
GreatSchools rating
- 4/10Brigadoon Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 3/10Technology Access Foundation Academy at SaghalieGrades: 6-12Distance: 0.9 mi
- 4/10Decatur High SchoolGrades: 9-12Distance: 0.9 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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