Panther Lake Homes with Panther Lake Elem Elementary School

Panther Lake Homes with Panther Lake Elem Elementary School

Welcome to Panther Lake, a charming neighborhood located in Federal Way, Washington. This picturesque community is nestled in King County, offering residents a peaceful and serene environment to call home. Panther Lake is known for its beautiful lake of the same name, providing stunning views and recreational opportunities for residents to enjoy.

One of the highlights of Panther Lake is the proximity to Panther Lake Elementary School, a highly-rated educational institution that serves the local community. Families with school-aged children will appreciate the convenience of having quality education within reach, making it a sought-after location for those looking to settle down.

The homes in Panther Lake are as diverse as the community itself, ranging from cozy single-family residences to spacious townhouses. With well-maintained streets, lush greenery, and a strong sense of community, Panther Lake offers a welcoming atmosphere for residents of all ages.

Whether you're looking to enjoy the tranquility of lakeside living or the convenience of nearby amenities, Panther Lake has something for everyone. Come and discover the beauty and charm of this vibrant neighborhood in Federal Way, Washington.

Newest Panther Lake Homes with Panther Lake Elem Elementary School

$799,000
2501184 MLS ⋅ ACTIVE Status
Complete exterior paint completed in summer of 2024. Professionally managed quadplex abuts Panther lake and walking trails. Fully occupied units, One bed/one bath Loft style townhome units and two bedroom /one bath lower units for easy rentability, All units have Washer/dryer, fireplaces, DW, balcony or deck. 4 Covered carport may tandem park and 3 uncovered guest spots. Community sports court and play area,.Very close to all shopping needs of big box and boutique shops. I-5, Hwy 18 and 99 access. Federal Way Light rail completed December 2025. Maybe a good property for owner occupied for easy finance

34019 1st Circle S, Federal Way

Listing courtesy of Skyline Properties, Inc..

$899,950
2500500 MLS ⋅ ACTIVE Status
Well-maintained fourplex in Federal Way. Each unit features 2 bedrooms, 1 bathroom, a functional floor plan, fireplace, private balcony or patio, and in-unit washer and dryer, providing comfort and convenience for tenants.Property includes dedicated covered parking for each unit, additional uncovered parking spaces, and guest parking. Two units have been recently renovated, offering updated interiors and potential for increased rental income.The property has a strong rental history with long-term tenants, supporting stable and consistent income. On-site professional management is in place, and HOA rules do not allow for self-management.Conveniently located near shopping, dining, schools, and parks, with easy access to I-5 and Hwy 18, making it a desirable location for tenants and commuters alike. Ideal for investors seeking stable cash flow, low deferred maintenance, and long-term appreciation.

34214 1st Place S, Federal Way

Listing courtesy of RSVP Brokers ERA.

$899,000
2491971 MLS ⋅ ACTIVE Status
Great investment opportunity in Federal Way. Well-maintained four-plex featuring four spacious 2-bedroom, 1-bath units, each offering 1,000 square feet of comfortable living space. Functional layouts, generous unit sizes, and consistent rental demand support strong long-term performance. Property currently offers a cap rate of over 6%, making it an attractive addition to an investment portfolio. Significant capital improvement completed with a new tile roof installed in 2022, providing durability and reducing future maintenance concerns. Conveniently located near major commuting routes, shopping, dining, and everyday amenities. Large unit sizes, solid income potential, and key updates make this a compelling multi-family investment opportunity in a strong rental market. Excellent opportunity for investors seeking stable cash flow and long-term value.

34120 1st Place S, Federal Way

Listing courtesy of Real Broker LLC.

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