Federal Way, WA 98003

$1,600,000
6
BD
2
BA
3,100
SqFt

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Listing courtesy of Windermere Real Estate Co..

List Price
$1,600,000
Status
ACTIVE
MLS#
2513577
Days on Market
90
Bedrooms
6
Finished SqFt
3,100
Area Total SqFt
3200
Annual Tax Ammount
6941
Lot Size (sq ft)
60,000
Sewer
Available, Sewer Connected

Property 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.

Additional Information

Community
Federal Way
Style
12 - 2 Story
Basement
Daylight, Finished
Year Built
1947
Total Covered Parking
3
Roof
Composition
Tax Year
2025
School District
Federal Way
Potential Terms
Cash, Conventional
Interior Features
Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Security System
Flooring
Engineered Hardwood, Travertine
Driving Directions
Undisclosed
Appliance
Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
Appliances Included
Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Energy Source
Electric, Solar (Unspecified)
Based on information submitted to the MLS GRID as of . 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.
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