Discover this spacious 3,680 sq ft residence nestled in Federal Way’s Twin Lakes community. Recent ADA upgrades include: walk-in tub, barrier-free 6’ shower with dual heads, fold-down chair, radiant heated floors, grab bars, and chair-height toilets throughout. Gourmet kitchen features induction cooktop, double ovens, granite counters, soft-close cabinetry, MASSIVE double-column Frigidaire fridge/freezer—all appliances under warranty. Step outside to a professionally landscaped yard with Trex deck, hot tub, sprinkler system, beautiful garden with blueberry bushes, plus storage shed. A/C condenser recently replaced. Perfect for aging in place or running an Assisted-Living or Adult Family Home business.
The community has rules related to covenants, conditions, and restrictions
Amenities
Clubhouse
Recreation
Golf Course Community
Community Playground
Trails
Home Details
Home Type
Single Family
Est. Annual Taxes
$6,796
Year Built
Built in 1967
Lot Details
0
HOA Fees
$37 per month
Parking
2
Listing Details
Property Type: Residential
Property Sub Type: Single Family Residence
StyleCode: 12 - 2 Story
Accessibility Features: Accessible Approach with Ramp, Accessible Bath, Accessible Bedroom, Accessible Central Living Area, Accessible Entrance, Accessible Kitchen, Modifications for Hearing/Vision, Other
Security: Fully Fenced, Security Service, Security System
Cooling: Central A/C, Window Unit(s)
Cooling Y N: Yes
Heating: Forced Air
Heating Yn: Yes
PowerCompany: PSE
SewerCompany: Lakehaven
WaterCompany: Tacoma
WaterHeaterLocation: Laundry Room
WaterHeaterType: Gas
Condo/Co-op/Association
Community Features: CCRs, Club House, Golf, Playground, Trail(s)
Senior Community: No
Association Fee: 37
Association Fee Frequency: Monthly
Phone: 253-838-0464
Association: Yes
AssociationContactName: Twin Lakes Homeowners Association
Fee Information
NWM_OtherDuesOrFeesYN: false
Schools
Junior High Dist: Federal Way
High School: Decatur High
Middle Or Junior School: Lakota Mid Sch
Lot Info
Parcel Number: 8731902260
Topography: Level
Land Lease: No
Lot Size Acres: 0.1646
Lot Size: 83 x 104
Lot Size Sq Ft: 7171
Zoning: RS7.2
Irrigation Water Rights: No
ShowMapLink: true
SiteFeatures: Cable TV,Deck,Fenced-Fully,Gas Available,High Speed Internet,Hot Tub/Spa,Outbuildings,Patio,Sprinkler System
MLSLotSizeSource: Realist
MLSSquareFootageSource: MLS
ZoningJurisdiction: City
LotNumber: 226 & part 225
Green Features
Power Production Type: Natural Gas
Rental Info
ShortTermRentalYN: true
Tax Info
Year: 2025
Tax Annual Amount: 6796
Multi Family
EnergySource: Natural Gas
MLS Schools
Elementary School: Twin Lakes Elem
Map
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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
2024
$6,796
$673,000
$216,000
$457,000
2023
$6,485
$610,000
$195,000
$415,000
2022
$5,998
$662,000
$178,000
$484,000
2021
$6,170
$531,000
$142,000
$389,000
2020
$5,861
$514,000
$117,000
$397,000
2018
$5,833
$472,000
$94,000
$378,000
2017
$5,284
$411,000
$86,000
$325,000
2016
$5,135
$372,000
$79,000
$293,000
2015
$4,755
$346,000
$76,000
$270,000
2014
--
$328,000
$76,000
$252,000
2013
--
$244,000
$89,000
$155,000
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
08/27/202508/27/25
Price Changed
$825,000
-2.8%
$224 / Sq Ft
08/19/202508/19/25
Price Changed
$849,000
-0.1%
$231 / Sq Ft
07/31/202507/31/25
For Sale
$849,550
--
$231 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)
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This home is located at 4059 SW 321st St, Federal Way, WA 98023 and is currently priced at $825,000, approximately $224 per square foot. This property was built in 1967. 4059 SW 321st St is a home located in King County with nearby schools including Twin Lakes Elementary School, Lakota Middle School, and Decatur High School.
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