Property Details
Address Withheld
Federal Way, WA 98003
$1,600,000
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About This Home
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.
Property Details
Property Information
Property Type
Residential
Subtype
Single Family Residence
Status
Active
County
King
Neighborhood
Federal Way
Listed
Apr 27, 2026
Interior Features
Bedrooms
6
Bathrooms
2.0
Living Area
3,100 sq ft
Basement
Daylight, Finished
Entry Level
Main
Interior Features
Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Security System
Exterior & Lot
Lot Size
1.38 sqft
Year Built
1947
Exterior Materials
Brick, Wood
Parking
Attached Garage
Sewer
Available, Sewer Connected
Water Source
Public
Exterior Features
Brick, Wood
Schools
School District
Federal Way
Additional Information
Tax Year
2025
Annual Taxes
$6,941
Possession
Array
Inclusions
Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
Mortgage Calculator
Estimated Monthly Payment
$0
Provided by Beyond Real Estate, LLC
Down Payment Assistance Available
This property may qualify for homebuyer assistance programs
Find out if you’re eligible for down payment assistance programs that could help make this home more affordable. Programs can provide thousands of dollars toward your down payment and closing costs.
Check Your EligibilityBased on information submitted to the MLS GRID as of April 28, 2026 8:00 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
