Property Details

505 SW 366th Street
Federal Way, WA 98023
$1,395,000
MLS# 2535682 courtesy of NWMLS Listing firm: Real Broker LLC

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505 SW 366th Street , Federal Way, WA 98023, Federal Way

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505 SW 366th Street , Federal Way, WA 98023, Federal Way

1 / 0
5
Beds
3.3
Baths
3,350
Sq Ft
0.35
Acres
2023
Year Built

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

Listed By
Tim McKeown
Real Broker LLC

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