Listing Provided Courtesy of Windermere Real Estate Co.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.
Property Details
Price:
$1,600,000
MLS #:
NWM2513577
Status:
Active
Beds:
6
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Federal Way
Neighborhood:
110dashpointfederalway
Listed Date:
Apr 27, 2026
Finished Sq Ft:
3,100
Total Sq Ft:
3,200
Lot Size:
60,000 sqft / 1.38 acres (approx)
Year Built:
1947
See this Listing
Schools
School District:
Federal Way
Interior
Appliances
Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
Bathrooms
2 Full Bathrooms
Cooling
Heat Pump
Flooring
Engineered Hardwood, Travertine
Heating
Heat Pump
Interior Features
Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Security System
Levels
Two
Main Level Bathrooms
2
Main Level Bedrooms
5
Exterior
Attached Garage YN
1
Construction Materials
Brick, Wood
Covered Spaces
3
Direction Faces
East
Exterior Features
Brick, Wood
Parking Features
Attached Garage
Parking Spots
3
Parking Total
3
Roof
Composition
Security Features
Security System
Financial
Tax Year
2025
Taxes
$6,941
Map
Community
- Address Federal Way WA
- SubdivisionFederal Way
- CityFederal Way
- CountyKing
- Zip Code98003
Subdivisions in Federal Way
- Adelaide
- Alderbrook
- Alderdale
- Buenna
- Campus Estates
- Campus Highlands
- Central Federal Way
- Dash Point
- Dumas Bay
- Enchanted Village
- Federal Way
- Jovita
- Killarney
- Lake Killarney
- Lakota
- Laurelwood
- Madrona
- Marine Hills
- Marine View Park
- Mirror Lake
- North Lake
- Northshore
- Panther Lake
- Redondo
- Regency Woods
- S Federal Way
- Star Lake
- Steel Lake
- Tacoma
- Twin Lakes
- Wedgewood
- West Campus
- West Hill
Market Summary
Current real estate data for Single Family in Federal Way as of Apr 29, 2026
174
Single Family Listed
51
Avg DOM
347
Avg $ / SqFt
$806,959
Avg List Price
Property Summary
- Located in the Federal Way subdivision, Federal Way WA is a Single Family for sale in Federal Way, WA, 98003. It is listed for $1,600,000 and features 6 beds, 2 baths, and has approximately 3,100 square feet of living space, and was originally constructed in 1947. The current price per square foot is $516. The average price per square foot for Single Family listings in Federal Way is $347. The average listing price for Single Family in Federal Way is $806,959. To schedule a showing of MLS#nwm2513577 at in Federal Way, WA, contact your Best in the West agent at 206-351-5550.
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Courtesy of Windermere Real Estate Co.. Disclaimer: Based on information submitted to the MLS GRID as of Apr-29-2026 3:02:15 am. 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.Copyright 2026. All rights reserved.
Federal Way, WA