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Most Recent Federal Way WA Listings (Updates every 15 minutes)

$949,999
3 Beds ⋅ 3 Baths ⋅ 2565437 MLS
UNMATCHED WATERFRONT LIVING ON STEEL LAKE—PANORAMIC VIEWS AND STUNNING WEST-FACING SUNSETS DEFINE THIS RARE OFFERING. With 45 feet of no-bank waterfront, this exceptional 3-bedroom, 3-bath home delivers front-row access to shimmering lake vistas, best enjoyed from expansive entertainer’s decks designed for seamless indoor-outdoor living. Vaulted ceilings and three fireplaces create a warm yet dramatic atmosphere throughout.Wake up to tranquil water views and a vibrant natural setting, where osprey, bald eagles, chickadees, turtles, and ducks are part of everyday life. Spend your days immersed in lake living—swimming, fishing, kayaking, paddleboarding, and evening boat rides under glowing sunsets, plus unforgettable 4th of July fireworks and festive Christmas boat parades. The beautifully landscaped grounds create a true gardener’s paradise, offering both serenity and space to entertain. Thoughtful updates include a newer roof (2022) and A/C for year-round comfort. A versatile layout adds incredible value, with a lower level featuring its own entrance, living room, washer/dryer, kitchenette, and full bath—ideal for Airbnb or multi-generational living while you enjoy the main home above. Complete with a circular driveway and a prime location just minutes to light rail, freeways, and everyday amenities, this is a rare opportunity to own a premier waterfront retreat. Must see—where every day feels like a private lakeside getaway. Don't miss out to call it your forever HOME!

30415 28th Avenue S, Federal Way
$775,000
4 Beds ⋅ 3 Baths ⋅ 2565400 MLS
Completely reimagined & thoughtfully updated, this stunning mid-century home in the sought-after Twin Lakes community blends timeless architecture with modern design. Every detail has been refreshed, including a brand-new kitchen featuring shaker cabinetry, quartz countertops, new stainless steel appliances, updated lighting, new tile flooring, & oversized island perfect for gathering. Refinished hardwood floors flow through the formal living & dining rooms, while the inviting second living room with updated wet bar creates the ideal space for relaxing or entertaining. Access to rear deck perfect for indoor/outdoor dining. The flexible floor plan offers a main-floor primary suite with a updated ensuite, guest room, updated guest bath, & convenient laundry room. Upstairs you'll find two spacious guest rooms with WIC’s, updated guest bathroom, loft area, & attic storage, providing room for everyone. Large windows fill the home with natural light while showcasing the lush, mature landscaping that surrounds the property. Enjoy peaceful mornings on the front patio or rear deck overlooking the fully fenced yard. Home is tucked away on a cul-de-sac with ample parking & spacious garage. Fresh interior and exterior paint make this home truly move-in ready. Close proximity to nearby parks, walking trails, golf, shopping, dining, schools, and major commuter routes. A rare opportunity to own a turnkey home in one of Federal Way's most established neighborhoods.

3010 SW 325th Place, Federal Way
$300,000
3 Beds ⋅ 2 Baths ⋅ 2562256 MLS
Premiere Choice to call home at Belmor 55+ Park! Expansive Golf Green View from your covered deck of this 3 bedroom 1.75 bathroom option. Built in 2023 feels like brand new, with modern finishes, an open floor plan, high ceilings, & large windows with natural light. Living room offers a stylish built in entertainment center to place your television, books, decor, and entertainment accessories. Spacious chef's kitchen features a large kitchen island with granite countertops and lots of pantry and cupboard space. Primary suite on the opposite end of the home from the two other bedrooms has a large walk in closet & a large bathroom with lots of storage and convenient step in shower. Get away from it all with a greenbelt private sitting area in back. Extra parking on lot! Nearby the new light rail, shopping, dining & Commons Mall. Entertainment just outside your doorstep-golf free w/guests in this community. Country Club atmosphere in a quality community. Belmor has activities & gatherings to maintain a social lifestyle into retirement. Amenities include: Clubhouse with year round covered swimming pool, sauna, spa, fitness center, pool table, games, events & a dog park. Walk across the street to the mall, take light rail to airport or the city. 3 bedrooms offers opportunites for multigenerational living - The park allows 18+ family or caretakers to live with the resident, talk to park or agent for more details, subject to application & approval. This is the retirement 55+ dream!

2101 S 324th Street Unit #10, Federal Way
$895,000
2564939 MLS
Development opportunity on 6.84 acres (297,950± sq. ft.) in a prime location with convenient access to I-5, SR-18, Federal Way, and Milton. Zoned RS35.0 with the possibility of a 5–6 lot short plat (buyer to verify all development potential with the appropriate agencies), this is a rare acreage offering for builders and investors. The site features gently sloping, buildable topography, a mix of open ground and perimeter trees, and public sewer available at the property corner—a strong foundation for future development. Existing improvements, including a 1920 home (approx. 1,050 sq. ft., currently on septic) and an 820 sq. ft. garage/shop/barn with office or potential living area above, may be retained on a lot or removed to maximize the plat. Beyond single-family residential, the zoning may accommodate a range of permitted or conditional uses, including daycare and senior care facilities (buyer to verify). Properties of this size, location, and potential are increasingly hard to find—an excellent opportunity for builders, developers, and long-term investors.

7005 Johnson Road NE, Federal Way
$4,950,000
2564976 MLS
We are pleased to present Redondo Ridge Townhomes, an 18-unit townhome community in Federal Way. Built in 1976, the property offers spacious 2-bedroom, 1.5-bath townhomes averaging 1,010 SF with fireplaces, vaulted ceilings, private patios, and full-size side-by-side washers and dryers. Offered at $4,950,000 ($275,000/unit, $272/SF), the asset delivers a 6.04% in-place cap rate with meaningful upside: current rents average $2,101, roughly 12% below the $2,400 achieved by comparable townhomes, and four unrenovated units offer approximately $500/month of additional income. Capital improvements include a new metal roof (2017), electrical panel upgrades (2018), fresh exterior paint (2026), and 14 of 18 units extensively remodeled with new cabinets, quartz counters, flooring, paint, doors, millwork, and appliances. Located 1.6 miles from the Federal Way Link Light Rail Station with convenient access to employment, shopping, and dining.

30323 15th Court S, Federal Way
$689,000
4 Beds ⋅ 3 Baths ⋅ 2562968 MLS ⋅ Madrona Meadow BLDG.
Welcome to this stunning home in the Madrona Meadows community& Central Federal Way! Filled with natural light pouring through charming storybook windows, this home offers 4BR and 2.5BT and an inviting open-concept layout with both a formal dining room & a cozy breakfast nook. The kitchen boasts stainless steel appliances, while the family room features a warm, welcoming fireplace. New roof and sunlight 2026. Bathrooms have been beautifully updated with elegant countertops, complemented by fresh interior paint throughout. Outside, enjoy a spacious deck from your own fully fenced backyard, new insulation in the crawlspace, new outlets & GFCI, new wood floor in the entire house, perfect for entertaining, relaxing, and gathering with loved ones. Conveniently located near shops, dining, and everyday amenities, this home combines beauty and comfort in a lifestyle. Offering an exceptional blend of privacy and a serene setting as a home! Buyer has $5,000 credit for buying down the rate for a new purchase mortgage.

35403 12th Avenue SW, Federal Way
$895,000
1 Beds ⋅ 1 Baths ⋅ 2564765 MLS
Rare opportunity to own 6.84 picturesque acres (297,950± sq. ft.) in one of the South Sound's most desirable and accessible locations, with easy access to I-5, SR-18, Federal Way, and Milton. This versatile property blends privacy, natural beauty, and future investment potential.The gently rolling landscape offers potential for expansive open pasture, with mature trees and many fruit trees along the perimeter—ideal for an equestrian estate, hobby farm, private retreat, or legacy family compound. There's ample room for horses, livestock, barns, riding arenas, gardens, vineyards, or additional outbuildings.Existing improvements include a charming 1920 farmhouse (approx. 1,050 sq. ft.) ready for restoration or replacement, plus an 820 sq. ft. garage/barn/shop with office space or potential living quarters above. The home is served by septic, with public sewer available at the property corner for added flexibility.Zoned RS35.0, the property may offer potential for a 5–6 lot short plat (buyer to verify with the appropriate jurisdiction)—a rare find for builders, developers, or investors. Zoning also allows single-family residences, daycare, senior care, and other compatible uses.Whether your vision is an elegant country estate, premier equestrian property, or a prime development opportunity, this one-of-a-kind offering delivers rural serenity with urban accessibility, just minutes from shopping, dining, and major commuter routes.

7005 Johnson Road NE, Federal Way
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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.