34249 21st Ave SW Federal Way, WA 98023
Twin Lakes NeighborhoodEstimated payment $15,894/month
Highlights
- 5.29 Acre Lot
- Corner Lot
- Level Lot
- Territorial View
- No HOA
About This Lot
Seize the potential of 5.29 acres in Federal Way, zoned RS 7.2 for various permitted uses! From single-family homes (~28 lots est) to community/rec center/clubhouse, church/place of worship, school, daycare, special needs housing, public utilities/transit center, cemetery or cottage food operation. Existing features include a community garden setup, outbuildings, & a 570-sf small home structure. Sewer, city water, and all other utilities in street for development. Fully improved streets on E, S, & N sides. A driveway is already in place, ready to support your development vision. Park & ride adjacent, grocery shopping, business services close by. Easy access to I-5. Sold AS IS—don’t miss this opportunity to bring your dream project to life!
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2352205
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,840
Lot Details
- 5.29 Acre Lot
- Corner Lot
- Level Lot
- Zoning described as Residential,See Remarks
Schools
- Sherwood Forest Elementary School
- Illahee Jnr High Middle School
- Todd Beamer High School
Additional Features
- Territorial Views
- Sewer in Street
Community Details
- No Home Owners Association
- Federal Way Subdivision
Listing and Financial Details
- Assessor Parcel Number 2421039005
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | -- | $361,500 | $360,500 | $1,000 |
| 2022 | $1,527 | $351,300 | $328,300 | $23,000 |
| 2021 | $1,404 | $282,800 | $261,800 | $21,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | Pending | -- | -- | -- |
| 07/16/2025 07/16/25 | For Sale | $2,850,000 | 0.0% | -- |
| 06/13/2025 06/13/25 | Pending | -- | -- | -- |
| 04/10/2025 04/10/25 | For Sale | $2,850,000 | -- | -- |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2352205
APN: 242103-9005
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Based on information submitted to the MLS GRID
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