Listed by Windermere Real Estate Co.
$1,600,000

Federal Way, WA 98003

Federal Way City Center Neighborhood

Estimated payment $9,003/month

Total Views 67
6 Beds
2 Baths
3,100 Sq Ft
$516 Price per Sq Ft

Highlights

  • Solar Power System
  • Fruit Trees
  • Engineered Wood Flooring
  • 1.38 Acre Lot
  • Property is near public transit and bus stop
  • No HOA

About This Home

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.

Listing Agent

Brooks Glenn

Windermere Real Estate Co. License #136140 Listed on: 04/27/2026

Windermere Real Estate Co.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2513577

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,941

Year Built

  • Built in 1947

Lot Details

  • 1.38 Acre Lot
  • East Facing Home
  • Brush Vegetation
  • Sloped Lot
  • Fruit Trees
  • Wooded Lot
  • Garden

Parking

  • Attached Garage

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,100 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Dining Room
  • Finished Basement
  • Natural lighting in basement
  • Home Security System

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Engineered Wood
  • Travertine

Bedrooms and Bathrooms

  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Solar Power System
  • ADU includes 2 Bedrooms and 1 Bathroom
  • Property is near public transit and bus stop
  • Heat Pump System

Community Details

  • No Home Owners Association
  • Federal Way Subdivision

Listing and Financial Details

  • Assessor Parcel Number RS042626

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,941

Year Built

Built in 1947

Lot Details

1.38 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 12 - 2 Story
  • Year Built: 1947
  • Inclusions: Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • MLS Status: Active
  • Prev Status: Active
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 3950
  • SeniorExemption: false
  • Special Features: None

Interior Features

  • Basement: Daylight, Finished
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: No
  • Flooring: Engineered Hardwood, Travertine
  • Interior Amenities: Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Security System
  • Living Area: 3100
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 5
  • BathsFullMain: 2
  • SquareFootageFinished: 3100
  • SquareFootageUnfinished: 100
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 1
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • ADUBaths: 1
  • ADUBeds: 2

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Construction Type: Brick, Wood
  • Direction Faces: East
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: House
  • BusLineNearby: true
  • BusRouteNumber: Light rail, BRT

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage
  • Total Parking Spaces: 3

Utilities

  • Sewer: Available, Sewer Connected
  • Water Source: Public
  • Security: Security System
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Lakehaven
  • WaterCompany: Lakehaven

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Federal Way

Lot Info

  • Parcel Number: RS042626
  • Topography: Partial Slope
  • Land Lease: No
  • Lot Size Acres: 1.3774
  • Lot Size: 100’ x 300’
  • Lot Size Sq Ft: 60000
  • Irrigation Water Rights: No
  • ShowMapLink: false
  • MLSLotSizeSource: Realist

Green Features

  • Green Power: Solar
  • Power Production Type: Electric, Solar (Unspecified)

Tax Info

  • Year: 2025
  • Tax Annual Amount: 6941

Multi Family

  • EnergySource: Electric,Solar (Unspecified)

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2026 04/27/26 For Sale $1,600,000 -- $516 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2513577

Northwest Multiple Listing Service (NWMLS)
Washington King County Federal Way 98003

Federal Way City Center

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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. ©2026 NWMLS.
Based on information submitted to the MLS GRID
Listings courtesy of Northwest Multiple Listing Service (NWMLS) as distributed by MLS GRID

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Brooks Glenn
Listing Agent
Brooks Glenn
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Windermere Real Estate Co.
(253) 407-0150
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