Steel Lake Condos for Sale

/29
$335,000
- 3 Beds
- 2 Baths
- 1,065 Sq Ft
29645 18th Ave S Unit C104, Federal Way, WA 98003

Bright, fresh, and move-in ready! This spacious 3-bedroom, 2-bath condo features brand-new flooring throughout, fresh paint, and an abundance of natural light. Whether you’re a first-time buyer or seeking a solid rental investment, this home offers both comfort and convenience. Ideally situated just minutes away from Redondo beach, shopping, dining, major commuter routes, and the new Light Rail

Jana Rad Homes & Equity Real Estate Grp

29645 18th Ave S Unit C104, Federal Way, WA 98003
Explore Steel Lake
/31
$229,999
- 2 Beds
- 2 Baths
- 880 Sq Ft
29645 18th Ave S Unit D103, Federal Way, WA 98003

Ground-floor 2 bed, 2 bath condo with stunning Puget Sound & mountain views! No stairs—easy access from the street and your own covered parking. Newer appliances plus in-unit washer/dryer included. Cozy fireplace in the living room with natural light and views. HOA covers water, sewer, and garbage. No rental cap—ideal for both homeowners and investors. Well-maintained and move-in ready.

Mimi Kwon Best Choice Realty LLC

29645 18th Ave S Unit D103, Federal Way, WA 98003

Washington King County Federal Way Steel Lake

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.

Learn more about living in Steel Lake

Home Trends in Steel Lake, WA

On average, homes in Steel Lake, Federal Way sell after 44 days on the market compared to the national average of 70 days. The median sale price for homes in Steel Lake, Federal Way over the last 12 months is $454,985, down 19% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$454,985

Median Single Family Sale Price

$467,810

Median Townhouse Sale Price

$250,000

Median 2 Bedroom Sale Price

$275,000

Average Price Per Sq Ft

$269

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

1.40

Median List Price

$425,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

-19%

How to Buy a Home How to Finance a Home How to Sell a Home

In Steel Lake, there are currently 2 condos for sale, providing a range of options for prospective buyers. With condos ranging from $229,999 to $335,000, there's something for every budget. As of July, 2025 the median home price in Steel Lake, Federal Way is $425,000, while the average sale price is $661,242, providing insight into local market trends. On average, condos spend 44 days on the market before being sold. Whether you're considering condominiums, apartments for sale, or modern condos, there are options available to suit your needs. Explore the variety of condos for sale in Steel Lake, Federal Way, and find the perfect place to call home.

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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID