Steel Lake Federal Way WA

Steel Lake Real Estate, Homes & Waterfront Listings

Our website features the best real estate search for homes, waterfront or water view properties, land and foreclosure properties available in Steel Lake, Federal Way WA. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor®’s database every 15 minutes. 

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Steel Lake Newest Listings

$649,000
4 Beds ⋅ 3 Baths ⋅ 2573645 MLS ⋅ ACTIVE Status
Discover the space, flexibility & lifestyle you’ve been searching for near beautiful Steel Lake! Freshly painted & thoughtfully updated, this inviting residence welcomes you with gleaming espresso hardwoods, abundant natural light & an expansive living room opening to a balcony with peaceful views toward Steel Lake. The updated kitchen shines with SS appliances, stylish finishes & excellent functionality, complemented by updated bathrooms, upgraded light fixtures, double-pane insulated windows & an upgraded furnace for year-round comfort and efficiency. Retreat to the spacious primary bedroom featuring a private ensuite bath. Downstairs, a versatile multigenerational configuration offers a large family room & full bath—ideal for extended living, guests, home office, media room or recreation space. Step outside to an impressive multi-tier deck designed for summer BBQs, entertaining & relaxing, surrounded by garden space & established fruit plants for your own backyard harvest. A large garage provides room for vehicles, storage & workshop space, while the generous driveway offers additional parking with room for an RV. Enjoy an easy walk to schools & public transportation, plus quick access to Steel Lake Park, shopping, dining & I-5 for effortless commuting throughout the Puget Sound. Space to gather, room to grow & a location that keeps everyday life connected!

30209 21st Avenue S, Federal Way

Listing courtesy of RexMont Real Estate.

$695,950
6 Beds ⋅ 3 Baths ⋅ 2563864 MLS ⋅ PENDING Status
Exceptional opportunity in Federal Way! This spacious, well-maintained 5-bedroom, 2-bath home is situated in a desirable, established neighborhood and offers outstanding lifestyle and investment potential. Currently operated as an Adult Family Home, the business will no longer be active soon. The property features a functional layout well suited for continued care use or flexible multigenerational living. The garage includes a dedicated caregiver’s room with its own bathroom, providing added privacy and convenience. The existing setup offers a strong foundation for a future operator. The home is WABO-ready and connected to sewer. Conveniently located near shopping, dining, transportation, and other amenities.

Federal Way

Listing courtesy of Skyline Properties, Inc..

$949,999
3 Beds ⋅ 3 Baths ⋅ 2565437 MLS ⋅ ACTIVE Status
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

Listing courtesy of eXp Realty.

$1,349,500
5 Beds ⋅ 4 Baths ⋅ 2559258 MLS ⋅ ACTIVE Status
This waterfront 5-bedroom-plus home with additional dwelling space in the lower level is an absolute Steel Lake gem! Enjoy year-round activities like fishing, paddleboarding, swimming, and more just steps out your back door. From peaceful moments with nature to entertaining large gatherings, making memories and experiences is what this home is all about. Truly a one-of-a-kind, custom-built home that has all the peace and tranquility of the country while being a simple commute to the city, airport, and just minutes from all the amenities you could ever want or need. Pride of ownership is evident at every turn, as the home has been well cared for. This is a property you need to visit to feel and not just view online. Real value in real estate comes from location and the lived experiences that a property delivers. This property delivers on both! Call today for a tour and experience what true and lasting value in real estate looks and feels like.

2529 S 304th Street, Federal Way

Listing courtesy of Windermere RE West Campus Inc.

$534,300
3 Beds ⋅ 2 Baths ⋅ 2553753 MLS ⋅ SOLD Status
Investor and first time homebuyer ALERT!! Nestled in a well-established neighborhood, this charming 1,480 sq. ft. ranch-style home is full of potential and ready for your personal updates and finishing touches. Built in 1964, the home offers 3 bedrooms, 2 bathrooms, and an oversized two-car garage. Enjoy peace of mind with numerous major improvements already completed, including a new roof (2026), new furnace (2026), water heater (2024), dishwasher (2025), and oven/range (2024). The chimney was professionally cleaned and refurbished in 2025, and the sewer line to the street was replaced in 2021.Step outside to a spacious, fully fenced backyard featuring mature landscaping and an extended concrete patio installed just two years ago—perfect for entertaining, gardening, or relaxing. With its solid updates, functional layout, and prime opportunity to add your own style, this property is an excellent investment or place to create your dream home.

30208 27th Avenue S, Federal Way

Listing courtesy of Marketplace Sotheby's Intl Rty. Selling Office: KW Greater Seattle.

$825,000
4 Beds ⋅ 4 Baths ⋅ 2552542 MLS ⋅ PENDING Status
Experience modern luxury in this stunning brand-new construction home in Federal Way. Offering 4 spacious bedrooms and 3.75 baths, this thoughtfully designed residence features soaring ceilings, an open-concept floor plan, and abundant natural light throughout. The chef-inspired kitchen flows seamlessly into the expansive living and dining areas, creating the perfect space for entertaining or everyday living. The luxurious primary suite provides a spa-like retreat, while additional bedrooms and bathrooms offer flexibility for guests or a home office. Enjoy seamless indoor-outdoor living with a covered patio overlooking the fully fenced backyard. Complete with a two-car garage, contemporary finishes, and quality craftsmanship throughout, this home combines style, comfort, and functionality in a convenient Federal Way location. The home is just a 15-minute walk or 3-minute drive to the light rail station, providing an easy commute to Bellevue, Seattle, and Lynnwood, and offers quick access to I-5 freeway entrances. All appliances and equipment are high-efficiency, enhancing comfort while helping to reduce energy costs. A rare opportunity to own a beautifully crafted, move-in-ready home.

1848 S 312th Street, Federal Way

Listing courtesy of KW Greater Seattle.

$520,000
3 Beds ⋅ 3 Baths ⋅ 2537941 MLS ⋅ SOLD Status
Opportunity awaits in this 3-bedroom, 2.25-bath split-entry home offering 1,550 ASF on a 7,560 SF lot. Conveniently located near schools, shopping, parks, Steel Lake, and major commuter routes. Spacious floor plan features multiple living areas, fireplaces on both levels, hardwood flooring in the bedrooms, and an attached garage with utility sink. Enjoy a private backyard bordering a greenbelt with mature landscaping and a garden shed. Additional features include vinyl windows, gas furnace, electrical panel with generator hookup, and gas line for outdoor BBQ. A great opportunity for buyers seeking space, location, and the ability to make a home their own.

2613 S 300th Street, Federal Way

Listing courtesy of COMPASS. Selling Office: John L. Scott, Inc.

$490,000
3 Beds ⋅ 2 Baths ⋅ 2533518 MLS ⋅ SOLD Status
Great opportunity for buyers looking to build sweat equity! This 3 bedroom, 1.75 bath home with a 2 car garage sits on a spacious .33 acre lot. Has an great outdoor art studio and work shop. Priced under value because selling as is. The house is in great shape, some cosmetic touch-ups needed. Tons of potential. Prime location just minutes to Steel Lake Park, Federal Way Commons, shopping, dining, I-5, airport access, and only a 5 minute drive to the light rail station. Don’t miss this value packed opportunity!

30213 23rd Avenue S, Federal Way

Listing courtesy of John L. Scott, Inc.. Selling Office: Windermere Real Estate/East.

$925,000
2 Beds ⋅ 3 Baths ⋅ 2522215 MLS ⋅ SOLD Status
Wake up to panoramic lake views and end your day with stunning sunset hues in this beautiful 2 bedroom, 1.75 bath waterfront home on desirable Steel Lake! Nestled in the heart of Federal Way, this inviting property offers the perfect blend of comfort, tranquility, and waterfront living. Located on over a third of an acre, this property also features a huge 1470 sq ft combined garage, shop, and living or work space. The large living space attached to the garage includes a three quarter bath and an easily finished kitchen that could make an incredible rental. Offset your mortgage with onsite income! The home enjoys light-filled living spaces, an open layout, and serene lake views from the main living areas. The open kitchen layout makes entertaining a breeze as it is open to the living room and just steps from the large, lake facing deck. The spacious primary suite features a private bath with a separate shower and bath and a large walk-in closet. The 2nd bedroom has built-in storage and is conveniently located across from the 2nd bathroom with its large walk-in shower. Step outside to relax on the large deck, just a few steps to the largest dock on Steel Lake, or on one of two spacious lawns! Kayak, paddle board, canoe or fish right outside your door! Second deck with firepit is lakeside for evening rest and relaxation. Conveniently located near parks, shopping, dining, and commuter routes, this rare lakeside opportunity combines peaceful living with everyday convenience.

2605 S 304th Street, Federal Way

Listing courtesy of PRO RLTYSRVCS Eastside. Selling Office: Windermere Bellevue Commons.

$955,000
4 Beds ⋅ 3 Baths ⋅ 2518402 MLS ⋅ SOLD Status
Lakefront living on nearly an acre! Offered for the first time ever, this generational waterfront estate presents a rare opportunity to create lasting memories in a true legacy property, featuring 60 feet of waterfront, two private docks, a manicured yard, an newer built-in BBQ, - The backyard oasis everyone wants in the PNW, but can rarely find. A home that has pride of ownership on the interior and exterior - New paint, new roof, new fence, sprinkler system.. This cozy 4-bedroom, 3-bath home offers a spacious main-level kitchen with an eat-in bar and adjoining dining area that overlooks the lake. The main floor features two bedrooms, including a spacious primary suite with an updated full bath, an additional ¾ bath, and a comfortable living room with oversized windows designed to take full advantage of expansive lake views. Downstairs features a fourth bedroom, an additional ¾ bath, an enormous game room perfect for storing lake toys and hosting gatherings, plus a dedicated workshop area. Located on the most desirable part of the lake, with stunning sunsets and preferable access to the water. Welcome to your lake front dream home!

2207 S 304th Street, Federal Way

Listing courtesy of Redfin. Selling Office: Keller Williams West Sound.

$600,000
3 Beds ⋅ 3 Baths ⋅ 2498758 MLS ⋅ SOLD Status

1920 S 308th Street, Federal Way

Listing courtesy of eXp Realty. Selling Office: NWMLS-NonOffice.

$545,000
3 Beds ⋅ 3 Baths ⋅ 2488457 MLS ⋅ SOLD Status
Don't miss out on this wonderful home in the heart of Federal Way, just steps from Steel Lake. Featuring three bedrooms, three bathrooms, a separate dining area and spacious family room, this home is light, bright and ready for your special touches. Minutes from shopping, restaurants and the light rail link, but situated on a cul-de-sac, the location is ideal.

30312 29th Court S, Federal Way

Listing courtesy of Zaran Sayre & Associates, Inc.. Selling Office: Skyline Properties, Inc..

$575,000
3 Beds ⋅ 2 Baths ⋅ 2479685 MLS ⋅ SOLD Status
Welcome to this charming and beautifully updated open-concept rambler nestled on a quiet cul-de-sac in the heart of Federal Way! This inviting home blends timeless character with modern upgrades, featuring original hardwood floors flowing through the main living spaces and an oversized living room perfect for entertaining or relaxing by the cozy wood-burning stove. The stunning kitchen showcases quartz countertops, crisp white cabinetry, gleaming stainless-steel appliances, and an oversized island with eating bar that serves as the true centerpiece of the home. French doors off the dining area open to a generous backyard patio, creating effortless indoor-outdoor living and an ideal setting for gatherings. Enjoy energy efficiency and lower utility costs with installed solar panels, while the fully fenced backyard offers privacy and room to play or garden. This well-designed floor plan includes three comfortable bedrooms and 1.75 bathrooms, highlighted by a stylish primary suite featuring a tile shower. Additional amenities include a single-car garage, abundant natural light, and a large patio that extends the living space outdoors. Tucked away in a peaceful neighborhood yet close to shopping, dining, parks, and commuter routes, this home offers the perfect balance of tranquility and convenience — a rare opportunity to own a move-in-ready rambler with modern comforts and classic charm in a sought-after location.

2816 S 299th Place, Federal Way

Listing courtesy of eXp Realty. Selling Office: Redfin.

$525,000
5 Beds ⋅ 3 Baths ⋅ 2472913 MLS ⋅ SOLD Status
Welcome to a spacious, mid century modern, cosmetic fixer offering a versatile layout and endless potential. The main level opens to a bright living room with a gas fireplace, flowing into the dining area and kitchen. Down the hall are three bedrooms, including a primary bedroom with its own half bath, plus a full bath serving the additional bedrooms. Hardwood floors run through much of this level, providing a solid foundation for future updates. The lower level expands the living space with a large recreation room featuring a wood-burning fireplace, two additional rooms, a bathroom, utility area, and generous storage. With a separate lower-level entry, this floor plan offers flexibility for multigenerational living, work-from-home space, hobbies, or a potential ADU setup. Outside, enjoy a large covered deck and oversized patio overlooking a peaceful greenbelt—ideal for entertaining or relaxing in a private setting. This home offers a strong footprint, functional layout, and serene surroundings. Sold as-is—bring your vision and tool belt to unlock its full potential. Offer review date: 2/3/26. All items will be removed from the property prior to closing.

29902 26th Avenue S, Federal Way

Listing courtesy of Orchard Brokerage, LLC. Selling Office: Inspire Realty.

$1,000,000
5 Beds ⋅ 4 Baths ⋅ 2465286 MLS ⋅ SOLD Status
Wake up to tranquil lake views and unwind with peaceful waterfront living in this beautifully positioned home. Nestled in a quiet neighborhood, this spacious 3,780 sq ft residence offers 5 bedrooms and 3.5 bathrooms, thoughtfully designed for comfort, functionality, and everyday enjoyment. Enjoy the rare luxury of lakefront access—perfect for morning coffee by the water, evening sunsets, or casting a fishing line right from your backyard. Inside, generous living spaces flow effortlessly, providing room to gather, entertain, or retreat. Abundant storage throughout the home ensures everything has its place, while the two-car garage adds everyday convenience. Ideally located just minutes from shopping, dining, and daily amenities, this home also offers easy access to I-5 and the new light rail station, making commuting simple without sacrificing serenity. The combination of peaceful surroundings and unbeatable accessibility makes this property truly special. The 2-car garage is equipped with a Porsche Level 2 charging station. This home has ample storage space. If you’re seeking space, privacy, and a waterfront lifestyle—this is the one to experience.

30714 19th Avenue S, Federal Way

Listing courtesy of BCR LLC. Selling Office: John L. Scott, Inc.

$1,050,000
4 Beds ⋅ 4 Baths ⋅ 2458516 MLS ⋅ SOLD Status
Enjoy ultimate privacy on this 0.85-acre, fully gated property, just minutes from I-5, Hwy 18, Hwy 167, and the new Federal Way Transit Center. The home features stylish updates, including T&G ceilings in the living room and a luxurious curbless shower in the primary bathroom. A detached dwelling with a kitchen, living area, 3/4 bath, and oversized master suite offers versatile space. The 1,350 sq. ft. shop, combined with spacious carports that can accommodate multiple vehicles and an RV, provides plenty of additional storage and workspace. With 320-amp electrical service, stand-by generator, and A/C, this home offers both comfort and convenience. Don't miss out on this gem!

30425 Military Road S, Federal Way

Listing courtesy of Skyline Properties, Inc.. Selling Office: John L. Scott, Inc.

$515,000
3 Beds ⋅ 1 Baths ⋅ 2435994 MLS ⋅ SOLD Status
Discover this inviting rambler in Federal Way’s sought-after Steel Lake Estates. With 3 bedrooms, 1 bath, and original hardwood floors, it offers timeless character paired with everyday comfort. A cozy wood-burning fireplace makes the living room the heart of the home, while the attached garage with workbench adds function. Step outside to a spacious, partially fenced backyard—ideal for gardening, play, or outdoor entertaining. Close to Steel Lake Park, shopping, dining, I-5 and the airport, this location blends convenience with a peaceful neighborhood feel. With the future light rail service (Dec 2025) nearby, this home is a smart choice for first-time buyers, downsizers, or anyone seeking lasting value.

2031 S 301st Place, Federal Way

Listing courtesy of John L. Scott, Inc.. Selling Office: Real Broker LLC.

$555,000
3 Beds ⋅ 2 Baths ⋅ 2422216 MLS ⋅ SOLD Status
Pride of ownership is found in this Beautifully Maintained & updated Ranch Level Home. This home features an updated Kitchen w Quartz Counters, Stainless Steel Appliances & some soft close cabinetry added. Hardwood floors are found in the bedrooms, LVP flooring & WW carpet through living areas & Vinyl flrs in the Laundry rm. Primary suite boasts a 3/4 Bath & a main full bath features an updated Tile bath Surround & Quartz vanity counters. The formal Living room is warmed by a gas fireplace & a newer Slider off the sunny Dining leads out to the large rear yard. Enjoy the gazebo in the rear yard & the front yard landscaping is beautifully complemented w a Japanese Maple at the entry walk. Stay Cool with AC. Heated 2 Car Garage w work Bench.

2003 S 301st Place, Federal Way

Listing courtesy of BCR LLC. Selling Office: John L. Scott R.E.Tacoma North.

$585,000
3 Beds ⋅ 2 Baths ⋅ 2389111 MLS ⋅ SOLD Status
Discover this beautiful rambler in a prime Federal Way location—just minutes from I-5, the Federal Way Commons shopping center, and Steel Lake Park. Enjoy a bright, open floor plan, cozy living room with a electric fireplace, seamlessly connected to the dining area. The versatile bonus room is perfect as a flex space, home office, or play area. Modern kitchen boasts stainless steel appliances, granite countertops and stylish cabinets. The primary bedroom includes a private ensuite bathroom. Fully fenced backyard offers the perfect space for pets, gardening, or outdoor fun. Move-in ready home is ideal for first-time homebuyers, downsizers, or anyone looking for a turnkey property. Make this Federal Way gem yours!

2016 S 301st Place, Federal Way

Listing courtesy of John L. Scott, Inc.. Selling Office: Skyline Properties, Inc..

$450,000
3 Beds ⋅ 2 Baths ⋅ 2346956 MLS ⋅ SOLD Status
Welcome to the perfect starter home or investment property! This 3 bedroom/ 2bath rambler sits on a large lot at the end of a cul-de-sac. Enjoy functional living spaces and a large bonus room perfect for entertainment or hobbies. The home features original hardwood floors, an updated electrical panel, and plenty of potential. Close to I5, sound transit, shopping and highly sought-after schools. Don't miss out!

2839 S 308th Lane, Federal Way

Listing courtesy of eXp Realty. Selling Office: The Agency Seattle.

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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.
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