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No HOA
Listed by: Brooks Glenn | Windermere Real Estate Co. (206) 448-6000
$1,600,000
Monthly Est:$7,964
6 Beds
2 Baths2 full baths
3,100sqft
(Undisclosed), Federal Way, WA 98003
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$1,600,000
$7,964/moEst:
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Single Family Residence
Built in 1947
$-- HOA
1.38 acres lot
$516/sq.ft
Description
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.
- Houzeo last checked: 12 hours ago
- Listing updated: April 28, 2026 at 7:58 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2513577
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
-
County
City
Neighborhood
--
Year Built
1947
HOA Fees
-
Finished Area
3,100 sqft
Lot Size
1.38 acres lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2513577
MLS Status
Active
Days on Market
157
Cumulative Days on Market
157
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Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 2
Den/Office
Level: Main
Dining Room
Level: Main
Entry Hall
Level: Main
Kitchen With Eating Space
Level: Main
Living Room
Level: Main
Primary Bedroom
Level: Main
Rec Room
Level: Lower
Studio
Level: Main
Utility Room
Level: Main
Bathroom Full
Level: Main
Bathroom Full
Level: Main
Bedroom
Level: Lower
Bedroom
Level: Main
Bedroom
Level: Main
Bedroom
Level: Main
Bedroom
Level: Main
Interior
Flooring
Engineered Hardwood, Travertine
Appliances
Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/range(s), Washer
Exterior Features
Brick, Wood
Sewer
Available, Sewer Connected
Interior Features
Bath Off Primary, Dbl Pane/storm Window, Dining Room, Security System
Heating
Heat Pump
Cooling
Heat Pump
Construction
Year Built
Year Built: 1947
Home type
Single Family Residence
Roof
Composition
Foundation Details
Poured Concrete
Construction Materials
Brick, Wood
Utilities & Energy
Parking Features
Attached Garage
Security Features
Security System
Basement
Daylight, Finished
Water Source
Public
Fireplace Features
Wood Burning
Other Features
Subdivision Name
Federal Way
Vegetation
Brush, Fruit Trees, Garden Space, Wooded
Price History
| Date | Event | Price |
|---|---|---|
04/27/2026 Source: | Listed for Sale | $1,600,000 $516/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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