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Listed by: Eric Plotnikov (206) 631-0874 , Edgar Sarkisyan (206) 407-8943 | Keller Williams Realty PS (253) 835-4500
$1,199,950
Monthly Est:$5,973
2 Beds
2 Baths1 full bath
1,160sqft
3118 S 337th Street, Federal Way, WA 98001
$1,199,950
$5,973/moEst:
Get Pre-Approved
Single Family Residence
Built in 1942
$-- HOA
31,919 sqft lot
$1,034/sq.ft
Description
Exceptional North Lake waterfront opportunity! This unique offering includes three waterfront parcels totaling 31,319 SF, all sold together. The fully remodeled 2-bedroom, 1.75-bath home sits on one parcel with 60 feet of coveted lake frontage, while the two additional parcels provide approximately 45 feet of combined frontage and potential for future development, subject to buyer verification and applicable requirements. Enjoy waterfront living with serene lake views, fishing, boating, spectacular sunsets, and your own private dock. This desirable rambler features vaulted ceilings, a bright sunroom, private jacuzzi, custom-tiled bathrooms, durable laminate flooring, custom cabinetry, and new quartz countertops. The oversized heated two-car garage provides abundant space for vehicles, storage, lake toys, or a workshop. Previously operated as a successful Airbnb, the property offers exceptional flexibility as a primary residence, vacation home, or investment opportunity. Public sewer is located adjacent to all three parcels, offering potential flexibility for future development. Buyer to verify sewer availability, connection requirements, and development feasibility to their satisfaction. The existing home is currently served by septic. A rare opportunity to live, recreate, develop, or invest in a premier waterfront setting.
- Houzeo last checked: 12 hours ago
- Listing updated: September 23, 2026 at 1:41 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2569988
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
-
County
City
Neighborhood
--
Year Built
1942
HOA Fees
-
Finished Area
1,160 sqft
Lot Size
31,919 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2569988
MLS Status
Active
Days on Market
44
Cumulative Days on Market
44
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 2
Dining Room
Level: Main
Entry Hall
Level: Main
Kitchen With Eating Space
Level: Main
Living Room
Level: Main
Primary Bedroom
Level: Main
Utility Room
Level: Main
Bathroom Full
Level: Main
Bathroom Three Quarter
Level: Main
Bedroom
Level: Main
Interior
Flooring
Ceramic Tile, Laminate
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/range(s), Washer
Exterior Features
Cement Planked
Sewer
Available, Septic Tank
Interior Features
Bath Off Primary, Ceiling Fan(s), Dbl Pane/storm Window, Dining Room, Fireplace, French Doors, Skylight(s), Vaulted Ceiling(s), Water Heater
Heating
Forced Air
Cooling
None
Construction
Year Built
Year Built: 1942
Home type
Single Family Residence
Roof
Composition
Foundation Details
Poured Concrete
Construction Materials
Cement Plank
Utilities & Energy
Parking Features
Driveway, Attached Garage, Rv Parking
Security Features
Partially Fenced
Basement
None
Water Source
Public
Fireplace Features
Electric
Other Features
Lot Features
Paved
Subdivision Name
North Lake
Vegetation
Fruit Trees, Garden Space
Price History
| Date | Event | Price |
|---|---|---|
08/18/2026 Source: | Listed for Sale | $1,199,950 $1,034/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. 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.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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