Listing provided courtesy of Windermere Real Estate Co.NWMLSas Distributed by MLSGrid- MLS# NWM2513577
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Request InfoFederal Way, WA 98003
Single Family · 6 Beds · 2 Full Baths · 3,200 Sq. ft. | 1.38 Acres$1,600,000
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Overview
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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.
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Facts & Features
- Type Single Family
- Sq. ft. 3,200
- Price/Sq.ft. $500
- Lot 1.38 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Federal Way
Green Features
- Green Energy Generation: Solar
Building Information
- New Construction: No
- Year Built: 1947
Location/Region
- Country: US
- County Or Parish: King
- MLS Area Major: 110 - Dash Point/Federal Way
- Subdivision Name: Federal Way
Rent/Lease Information
- Land Lease: No
Tax Information
- Tax Annual Amount: $6,941.00
- Tax Year: 2025
General Information
- Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Listing Terms: Cash, Conventional
- Parcel Number: RS042626
- Property Sub Type: Single Family Residence
- Property Type: Residential
- Senior Community: No
- Special Listing Conditions: None
Interior
Building Information
- Building Information: Built On Lot
Parking Information
- Garage: Yes
Beds/Baths
- ADU Baths: 1
- ADU Beds: 2
- Bathrooms Full: 2
- Bathrooms Half: 0
- Bathrooms Three Quarter: 0
- Bathrooms Total: 2
- Bedrooms Total: 6
- Bedrooms Lower: 1
- Bedrooms Upper: 0
Building Interior
- Appliances Included: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Building Area Total: 3200
- Building Area Units: Square Feet
- Calculated Square Footage: 3950
- Square Footage Finished: 3100
- Square Footage Unfinished: 100
General Information
- Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
- Basement: Daylight, Finished
- Cooling: Yes
- Entry Location: Main
- Fireplace Features: Wood Burning
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Engineered Hardwood, Travertine
- Foundation Details: Poured Concrete
- Heating: Yes
- Interior Features: Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Security System
- Levels: Two
- Living Area: 3100
- Main Level Bathrooms: 2
- Main Level Bedrooms: 5
- Power Production Type: Electric,Solar (Unspecified)
- Security Features: Security System
Exterior
Parking Information
- Open Parking: No
- Parking Features: Attached Garage
- Parking Total: 3
Lot Information
- Irrigation Water Rights: No
- Lot Size Acres: 1.3774
- Lot Size Dimensions: 100’ x 300’
- Lot Size Square Feet: 60000
- Lot Size Units: Square Feet
- Topography: Partial Slope
- Vegetation: Brush,Fruit Trees,Garden Space,Wooded
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- View: No
- Waterfront: No
Building Exterior/Construction
- Attached Garage: Yes
- Direction Faces: East
- Roof: Composition
- Structure Type: House
General Information
- Carport: No
- Covered Spaces: 3
- Exterior Features: Brick, Wood
- Sewer: Available, Sewer Connected
Room Information
Room: Bedroom
- Level: Lower
Room: Rec Room
- Level: Lower
Room: Bathroom Full
- Level: Main
Room: Bathroom Full
- Level: Main
Room: Bedroom
- Level: Main
Room: Bedroom
- Level: Main
Room: Bedroom
- Level: Main
Room: Bedroom
- Level: Main
Room: Den/Office
- Level: Main
Room: Dining Room
- Level: Main
Room: Entry Hall
- Level: Main
Room: Kitchen With Eating Space
- Level: Main
Room: Living Room
- Level: Main
Room: Primary Bedroom
- Level: Main
Room: Studio
- Level: Main
Room: Utility Room
- Level: Main
Neighborhood
Community
98003 (FEDERAL WAY) Demographics
35
Median Age
4,212
Population Density (per sq. mile)
37%
College Educated
$59,560
Estimated Median Income
8,722
Estimated Total Home Owners
9,793
Estimated Total Renters
47% / 53%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.Monthly Cost
Market Data
Based on the last 30 days in this zip code
$505,390
Average List Price
$301
Average Price per Square Foot
39
Properties Sold
83
Average Days on Market
166
Properties for Sale
History
| Date | Value | Agent |
|---|---|---|
| 4/27/2026Source: NWMLS | April 27, 2026 |