Property Details
505 SW 366th Street
Federal Way, WA 98023
$1,395,000
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About This Home
Welcome to South Campus Estates — a coveted enclave of newer-construction homes in Federal Way. Built in 2023 by JK Monarch, this 5-bed, 3.25-bath Modern Farmhouse Craftsman offers 3,350 sq ft on a sprawling 15,118 sq ft lot, no HOA. The great room boasts soaring 18-foot ceilings, while the chef-inspired kitchen anchors the home with a 15-foot island, custom cabinetry to the ceiling, Quartz counters, and an oversized walk-in pantry. Engineered hardwood floors and generous hallways flow throughout. Upstairs, the spacious primary suite offers two closets and an en suite bath. A second en suite bedroom with its own ¾ bath joins two more bedrooms sharing a full bath, plus a bonus loft. A main-floor bedroom with a ¾ bath nearby offers flexible guest or office space. The seller commissioned substantial post-purchase upgrades, completed by the builder — including a 4th garage bay (housing a second kitchen with ADU potential), a backyard storage shed on a concrete slab, and the upstairs ¾ bath/second en suite conversion — a true investment beyond the recorded sale price. Enjoy 4 driveway spaces plus 4 in the garage. A large covered patio with TIG cover overlooks an expansive, level backyard — a blank canvas for landscaping, a pool, or a future DADU. Catch a partial Cascade Mountain view from the front of the home. Minutes to I-5, Costco, and West Hylebos Wetlands Park, with easy access to Seattle, Tacoma, SeaTac, and Puget Sound waterfront.
Property Details
Property Information
Property Type
Residential
Subtype
Single Family Residence
Status
Active
County
King
Neighborhood
Federal Way
Listed
Jun 19, 2026
Structure Type
House
Parcel Number
7879650050
Tax & HOA
Annual Property Tax
$10,775 (2025)
Est. Monthly Tax
$898/mo
Interior Features
Bedrooms
5
Bathrooms
3.3
Living Area
3,350 sq ft
Basement
None
Entry Level
Main
Interior Features
Second Kitchen, Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, French Doors, Loft, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
Exterior & Lot
Lot Size
0.35 sqft
Year Built
2023
Exterior Materials
Cement Plank
Parking
Driveway, Attached Garage, Off Street, RV Parking
Sewer
Sewer Connected
Water Source
Public
Lot Features
Open Space, Paved, Sidewalk
Exterior Features
Cement Planked
Community & Access
Directions
From I-5: Exit 142B to WA-18 W for 0.4 mi. Left onto Pac Hwy S (0.6 mi), Right onto # 356th St (1.0 mi). Left onto 6th Ave SW (0.6 mi), Left onto SW 366th St for 300 ft. House will be on Right side.
Location
City
Federal Way
County
King
Coordinates
47.27325, -122.34137
Schools
School District
Federal Way
Additional Information
Tax Year
2025
Annual Taxes
$10,775
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
Down Payment
$0
Loan Amount
$0
Provided by Beyond Real Estate, LLC
