Federal Way

Excellent location within walking distance to the Federal Way Transit Center and the upcoming Light Rail Station. Zoning: BC (Business commercial) Lot Size: Approx. 200’ x 200’ (square lot) Development Potential: Mixed-use building up to 65 ft in height Extended-stay type projects up to 45–46 ft in height -detail to be verified Multiple other options available under current zoning Some concept designs are available through the listing agent. The property offers great visibility from Pacific Hwy S and is situated near the heart of Federal Way, making it an attractive opportunity for investors and developers. Listing agent is part owner of the property.

31000 18th Avenue S, Federal Way

Listing courtesy of Realtyall.com.

$2,900,000

2440008 MLS ⋅ ACTIVE Status

Versatile 11,556 SF facility located in the West Campus Business Park (Lot 16A). Currently operating as an academy/religious facility, the flexible gymnasium-style layout (About 6K SF) accommodates a wide range of uses (with compatible OP Zoning) including school, church, office with warehouse, reception hall, sports training, physical therapy, government, community services & so on. Strong surrounding demographics and proximity to I-5, Federal Way Commons, major retailers, and transit provide convenience and long-term growth potential. Recent upgrades include a new central HVAC system (2024). Sale may include security surveillance, commercial kitchen equipment with 6FT commercial hood fixture and media/musical systems upon buyer's request.

33901 9th Avenue S, Federal Way

Listing courtesy of Frontier Realty.

$2,500,000

2481082 MLS ⋅ ACTIVE Status

This property represents an excellent investment opportunity with low overhead costs, currently available as the owner is adjusting their investment portfolio. The location offers high visibility and significant frontage exposure, with over 35,000 vehicles passing by daily. The space is versatile and can be converted for various uses, such as an assisted living facility, a dental clinic, or professional offices for legal and accounting services.

30640 Pacific Hwy Highway S, Federal Way

Listing courtesy of Skyline Properties, Inc..

$2,250,000

4 Beds ⋅ 3 Baths ⋅ 2444527 MLS ⋅ ACTIVE Status

Here's your opportunity to own waterfront property! Home has 229 feet of waterfront and sits on 2.19 peaceful acres next to Dumas Bay Sanctuary. Perfect multi-family property with 2 homes on the property: the main house is a 1 story with fully finished basement at 5,100 sqft. Each floor has 2 bedrooms, its own kitchen, a family room area and a patio or deck to relax and take in the views. The 2nd home or ADU, affectionately called the Beach House is a 1000 sqft home with 2 bedrooms, 1 bath and a huge deck overlooking the bay. Bring your plans and vision to this property to update the homes and make them shine once again! Trim some trees back and your gorgeous bay view will be seen from any angle of the property! Don't miss this opportunity!

30726 43rd Avenue SW, Federal Way

Listing courtesy of John L. Scott Federal Way.

$1,990,000

4 Beds ⋅ 4 Baths ⋅ 2553986 MLS ⋅ ACTIVE Status

Suspended above the shimmering waters of Puget Sound like a private sanctuary, this extraordinary upgraded modern waterfront home captures the essence of refined coastal living. Framed by panoramic views of the Sound & Olympic Mountains, accompanied by soaring eagles & breaching whales, the property offers a rare Pacific Northwest lifestyle w/private access to 116 ft of shoreline. From the moment you arrive, a sense of serenity & understated luxury unfolds. The stunning living room w/ fireplace, soaring 20-ft ceilings & dramatic walls of glass fills the open-concept interiors w/natural light while showcasing breathtaking, ever-changing water views from nearly every room. Expansive view decks creating effortless indoor-outdoor living ideal for sunset gatherings, morning coffee, or simply pausing to take in the horizon. The chef’s kitchen is beautifully appointed w/ premium appliances & opens seamlessly to the dining & living areas, creating the perfect setting for entertaining. The luxurious primary suite offers a private view deck, spa-inspired bath w/ heated floors, double vanity, & an expansive walk-in closet w/ secondary laundry. A private lower-level guest suite w/separate entrance provides flexibility & comfort, while the rec rm w/wet bar opens to backyard fire pit & outdoor entertaining spaces. This is more than a home, it is a lifestyle defined by beauty, privacy, & quiet luxury. Professional geotechnical evaluation was completed & the findings are generally favorable.

3626 SW Dash Point Road, Federal Way

Listing courtesy of Windermere Bellevue Commons.

$1,750,000

4 Beds ⋅ 3 Baths ⋅ 2499751 MLS ⋅ ACTIVE Status

Welcome to a truly rare waterfront offering an extraordinary legacy property featuring 88 feet of private sandy beach with title rights and breathtaking 180-degree views of the Puget Sound, stretching from Point Ruston all the way to Redondo, with sweeping sightlines of Seattle and Maury Island. Enjoy unforgettable sunsets over the Olympic Mountains and a constantly changing panorama of boats and natural beauty. This special stretch of shoreline offers front row access to nature at its finest watch seals, otters, and even whales glide through the Sound from your own beach. The setting is peaceful, scenic, and undeniably magical. Tucked away at the end of a private driveway, this secluded retreat offers a sense of peace, privacy, and exclusivity that is increasingly hard to find. Outside, you’ll discover an abundance of lush greenery and beautifully landscaped grounds, complete with a terraced lawn perfect for entertaining, relaxing, or simply soaking in the view. This is a once-in-a-lifetime opportunity. This property has been in one family since the 1930's making it a rare legacy property with incredible potential. With creative vision, this residence could be transformed into a truly one-of-a-kind waterfront masterpiece, blending timeless Pacific Northwest charm with modern luxury. Whether you’re envisioning a serene private retreat or an inspired redesign, this property offers the location, views, beach rights, and lifestyle that seldom come to market.

29903 Marine View Dr SW, Federal Way

Listing courtesy of COMPASS.

$1,700,000

2510472 MLS ⋅ ACTIVE Status

Rare opportunity to acquire Soundview II, a turn-key, six-unit multifamily asset in Federal Way's coveted Redondo neighborhood. This condo-style complex features expansive 1,170 SF 2-bed/1.5-bath floor plans designed for high-retention ccupancy. Units boast premium amenities including private west-facing balconies with partial Puget Sound views, fireplaces, in-unit full-size W/D, LVP flooring, and stainless appliances. With the December 2025 Link Extension opening, residents enjoy rapid light rail access to SEATAC and Downtown Seattle while maintaining a significant affordability advantage. Historically self-managed with little deferred maintenance, the property offers a clear value-add runway; implement targeted cosmetic upgrades to countertops and cabinetry to capture immediate rent premiums. Positioned in a supply-constrained submarket with local development moratoriums and a median household income projected to grow 53% by 2030, Soundview Il is a high-yield, low-risk addition to any portfolio. Proximity to Dash Point State Park and I-5 ensures durable demand for years to come.

28426 S 16th Ave, Federal Way

Listing courtesy of Real Broker LLC.

$1,699,950

6 Beds ⋅ 4 Baths ⋅ 2526379 MLS ⋅ ACTIVE Status

A studs-out 2025 rebuild on Marine View Drive SW with full Puget Sound views. Six bedrooms, 3.5 baths, 4,360 sq ft, plus a 600 sq ft attached garage. Outside: dark vertical siding, a standing-seam metal roof, fresh sod, and clean modern lines. A reeded glass door opens to herringbone wood floors and a bright entry. The main floor runs in vaulted white shiplap with exposed beams. A linear electric fireplace anchors the living room against a full concrete-tile wall. The kitchen is the heart of the home: light oak cabinets, quartz counters, a custom hood, and Bosch appliances throughout. The apron sink sits under a panoramic window aimed straight at the water. A big center island seats six. A steel-frame door leads to a wide composite deck with cable railing, a level lawn, and an open view. The two-story great room is wrapped in iron chandeliers and walls of glass to the deck and Sound. The primary suite sits on the main floor — vaulted ceiling, ductless mini-split, freestanding tub, walk-in shower, double vanity, and a lighted mirror. Additional bedrooms share the view. The lower level lives like its own home. A separate entrance opens to a second full kitchen, a roomy family room, and a large multipurpose space with built-in shelving and direct yard access. Flex space, guests, long-term stays, or rental. Optional Community beach access. Minutes to I-5. 10 minutes to light rail transit, 35-60 minutes to downtown Seattle, twenty to Tacoma.

29811 Marine View Drive SW, Federal Way

Listing courtesy of Windermere RE West Campus Inc.

$1,648,000

4 Beds ⋅ 3 Baths ⋅ 2535398 MLS ⋅ ACTIVE Status

Location, character, & endless possibilities! This stunning, one-of-a-kind custom log home w/a durable metal roof sits on a shy 2-acre gated property w/county records indicating possible subdivision potential. Built in 1997, the home welcomes you w/ a stamped concrete walkway, ample parking for 10+ vehicles, a charming courtyard&an expansive covered front porch. Inside, the impressive great room showcases soaring vaulted log-beam ceilings & a magnificent floor-to-ceiling stone fireplace. The spacious island kitchen features custom wood cabinetry, stainless steel appliances, a generous walk-in pantry &is designed to complement the home's rustic elegance. The main level offers two bedrooms, a den or third bedroom, a full bath, and a versatile flex room perfect for a library, wine room, or additional storage. Upstairs, the enormous primary suite includes two closets & an adjoining loft ideal for a home office or bonus room. The lower level features a private guest suite w/a kitchenette, separate entrance&additional storage. Step onto the spacious deck overlooking a peaceful, wooded setting. A large two-bay garage accommodates 3+ vehicles, toys, & workshop space. The property also features RV parking, oversized drive-through gates, fruit trees, flowering shrubs, storage sheds, a picnic area, goat pen, & abundant room for gatherings, pets & outdoor living. Conveniently located near I-5, Hwy 18, shopping, dining, parks&everyday amenities, this truly is a rare opportunity. Must see!

36233 28th Avenue S, Federal Way

Listing courtesy of Berkshire Hathaway HS NW.

$1,600,000

6 Beds ⋅ 2 Baths ⋅ 2513577 MLS ⋅ ACTIVE Status

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.

Federal Way

Listing courtesy of Windermere Real Estate Co..