8

Steel Lake Homes for Sale

Section Image
  • /4

    $580,000

    • Land
    • 1.34 Acres
    • $431,580 per Acre

    29829 Pacific Hwy S, Federal Way, WA 98003

    250 feet of frontage on High Traffic Pacific Highway South. Just over an acre with access from both 16th Ave S on the West, and Pacific highway South on the east. Business Commercial Zoning.

    Sandee Baker Zaran Sayre & Associates, Inc.

    29829 Pacific Hwy S, Federal Way, WA 98003
  • /2

    $1,800,000

    • Land
    • 0.78 Acre
    • $2,312,436 per Acre

    30600 Pacific Hwy S, Federal Way, WA 98003

    Very potential commercial lot in the heart of Federal Way, you can build a multiple unit rental apartment, or a mix use business building. Please verify with City planning department.

    Hiep Vinh Skyline Properties, Inc.

    30600 Pacific Hwy S, Federal Way, WA 98003
  • /14

    $944,375 Open Wed 11AM - 4:30AM

    • 4 Beds
    • 2.5 Baths
    • 3,086 Sq Ft

    30220 11th Place S, Federal Way, WA 98003

    Welcome to The Liam on Lot 11 at The Summit at Steel Lake—in this new Soundbuilt Homes community! Model Home Open 7 Days a week 11:00-4:30. This 3,086 sq. ft. home offers 5 bedrooms 2.5 bathrooms, a den, great room concept plus a spacious upstairs bonus room with outdoor balcony. A sought after and rare 3 car garage as well as a 7,342 sq. ft. lot—larger than most new construction. Features

    Kyle Fox Windermere RE/Lake Tapps, Inc

    30220 11th Place S, Federal Way, WA 98003
  • /36

    $640,000

    • 4 Beds
    • 3 Baths
    • 1,910 Sq Ft

    30331 9th Ave S, Federal Way, WA 98003

    Your next home is calling! This 4-bed, 2.5-bath home in Federal Way features fireplaces on both levels and the advantage of expansive upper & lower decks, ideal for outdoor entertaining. Upstairs, you will find a beautiful kitchen with slab granite countertops, a breakfast bar, sleek wood cabinets & SS appliances, and you will love the large primary suite with a 3/4 ensuite bath; plus two

    Guy Maughan Keller Williams Realty

    30331 9th Ave S, Federal Way, WA 98003
  • /21

    $884,950 Open Wed 11AM - 4:30PM

    • 4 Beds
    • 3 Baths
    • 2,510 Sq Ft

    30217 11th Place S, Federal Way, WA 98003

    Welcome to The Camden on Lot 16 at The Summit at Steel Lake—in this new Soundbuilt Homes community! This rare rambler style home offers 2.510 sq. ft. with 4 bedrooms including a main floor primary suite! Main floor also features a great room concept and 2 additional bedrooms. Upstairs a spacious upstairs bonus room & 4th bedroom. Fully fenced 7,214 sq. ft. lot—larger than most new construction.

    Kyle Fox Windermere RE/Lake Tapps, Inc

    30217 11th Place S, Federal Way, WA 98003
  • /29

    $912,375 Open Wed 11AM - 4:30PM

    • 5 Beds
    • 3 Baths
    • 3,019 Sq Ft

    30215 11th Place S, Federal Way, WA 98003

    Welcome to The Cedar on Lot 15 at The Summit at Steel Lake—in this new Soundbuilt Homes community! This 3,019 sq. ft. home offers 5 bedrooms including a main floor guest suite, plus a spacious upstairs bonus room. Oversized two car garage with shop space and a 7,532 sq. ft. lot—larger than most new construction. Features include LVP flooring, designer finishes, a covered patio, fully fenced yard,

    Kyle Fox Windermere RE/Lake Tapps, Inc

    30215 11th Place S, Federal Way, WA 98003
  • /2

    $886,375 New Construction

    • 5 Beds
    • 3.5 Baths
    • 2,810 Sq Ft

    30327 11th Place S, Federal Way, WA 98003

    Welcome to The Sterling on Lot 24 at The Summit at Steel Lake—one of the first releases in this new Soundbuilt Homes community! This MOVE IN READY 2,810 sq. ft. home offers 4 bedrooms, 3.5 bathrooms including a main floor guest suite. A functional floorplan also featuring a spacious upstairs playroom. Sitting on a 7,500 sq. ft. lot, this home offers an abundance of yard space. Features include a

    Kyle Fox Windermere RE/Lake Tapps, Inc

    30327 11th Place S, Federal Way, WA 98003
  • /40

    $1,160,000

    • 4 Beds
    • 3.5 Baths
    • 2,900 Sq Ft

    30425 Military Rd S, Federal Way, WA 98003

    Enjoy ultimate privacy on this 0.85-acre, fully gated property, just minutes from I-5, Hwy 18, Hwy 167, and the new Federal Way Transit Center. The home features stylish updates, including T&G ceilings in the living room and a luxurious curbless shower in the primary bathroom. A detached dwelling with a kitchen, living area, 3/4 bath, and oversized master suite offers versatile space. The 1,350

    Lauren Mong Skyline Properties, Inc.

    30425 Military Rd S, Federal Way, WA 98003

Why Live in Steel Lake

Steel Lake in Federal Way is a neighborhood characterized by its elevated homes and towering pine trees, many of which have private docks and patios overlooking the tranquil waters of Steel Lake. The area features a mix of classic single-level, raised ranch-style, and split-level homes, with prices ranging from $400,000 to $900,000. The Overlook, a three-story condominium complex, offers more affordable options between $250,000 and $350,000. Steel Lake Park, a 53-acre green space, is a local attraction with a sandy beach, boat launches, beach volleyball, a skate park, and a large playground. Nearby Wildwood Park and Sacajawea Park provide additional recreational facilities, including sports fields and paved trails. The neighborhood is car-dependent, bordered by Route 99 and I-5, with easy access to Tacoma (14 miles south) and Seattle (22 miles north). Public transportation is available via Sound Transit buses, and a light rail system is under construction, set to connect the area by 2026. The city center, just south of Steel Lake, offers retail options, supermarkets, and diverse dining experiences, such as 85°C Bakery Café and Mirak Korean BBQ.

Frequently Asked Questions

Is Steel Lake a good place to live?
Steel Lake is a good place to live. Steel Lake is considered somewhat walkable and somewhat bikeable with some transit options. Steel Lake has 3 parks for recreational activities. It has a median age of 38. The average household income is $89,457 which is below the national average. College graduates make up 26% of residents. A majority of residents in Steel Lake are renters, with 50.3% of residents renting and 49.7% of residents owning their home. A local real estate agent serving Steel Lake can help you decide if this neighborhood is the right one for you. Learn more on our Steel Lake neighborhood guide.
Is Steel Lake, WA a safe neighborhood?
Steel Lake, WA is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Steel Lake?
The median home price in Steel Lake is $629,950. If you put a 20% down payment of $126,000 and had a 30-year fixed mortgage with an interest rate of 6.21%, your estimated principal and interest payment would be $3,090 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $132K a year to afford the median home price in Steel Lake. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Steel Lake is $89K.
What are the best public schools in Steel Lake?
The best public schools that serve Steel Lake are:
  • Federal Way High School has a B Niche grade, a student teacher ratio of 21:1 and an average review score of 3.9.
  • Nautilus K-8 School has a B- Niche grade, a student teacher ratio of 17:1 and an average review score of 3.0.
  • Sacajawea Middle School has a C Niche grade, a student teacher ratio of 17:1 and an average review score of 3.2.
What are the best private schools in Steel Lake?
The best private schools that serve Steel Lake are:
What are the most popular zip codes in Steel Lake, Federal Way, WA?
The most popular zip codes in Steel Lake, Federal Way, WA include 98003, 98001, 98023, 98198 and 98032.
What are the most popular neighborhoods near Steel Lake, Federal Way, WA?
The most popular neighborhoods near Steel Lake, Federal Way, WA are Federal Way City Center, Mirror Lake, Marine Hills, Redondo-Federal Way and West Campus - Fed Way.
Are home prices dropping in Steel Lake?
Yes, home prices in Steel Lake are down 13% in the last 12 months.

Home Trends in Steel Lake, WA

Housing Trends

Median Sale Price
$585,000
Median Single Family Sale Price
$629,950
Average Price Per Sq Ft
$342
Number of Homes for Sale
6
Last 12 months Home Sales
21
Months of Supply
3.40
Median List Price
$629,950
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-22%
How to Buy a Home How to Finance a Home How to Sell a Home