Steel Lake Homes with FHA Terms

Steel Lake Homes with FHA Terms

Welcome to the vibrant neighborhood of Steel Lake in Federal Way, Washington! Nestled in King County, this charming community offers a perfect blend of urban convenience and natural beauty.

Steel Lake is renowned for its picturesque surroundings, with the stunning Steel Lake Park being a focal point of the area. Residents can enjoy a variety of outdoor activities such as picnicking, fishing, and walking trails, making it an ideal spot for nature lovers and families alike.

Living in Steel Lake also means having easy access to a range of amenities. From shopping centers and restaurants to top-rated schools and healthcare facilities, everything you need is just a stone's throw away. The neighborhood's close-knit community and welcoming atmosphere make it a wonderful place to call home.

If you are considering settling down in Steel Lake, you'll be delighted to know that there are homes available with FHA terms. This means that purchasing a home in this neighborhood is not only convenient but also financially feasible. With favorable loan terms and a range of housing options to choose from, finding your dream home in Steel Lake has never been easier.

Experience the best of suburban living in Steel Lake, where the beauty of nature meets the convenience of city life. Come and discover all that this vibrant neighborhood has to offer!

Newest Steel Lake Homes with FHA Terms

$695,950
6 Beds ⋅ 3 Baths ⋅ 2563864 MLS ⋅ ACTIVE 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.

$549,000
4 Beds ⋅ 2 Baths ⋅ 2561437 MLS ⋅ ACTIVE Status
Welcome home! This charming 4-bed, 2-bath home offers a functional layout, inviting living spaces, and a generous lot with a spacious, fully fenced backyard that’s perfect for entertaining, gardening, pets, or simply enjoying the summer months. Inside, the vaulted ceilings create an open and airy feel, while newer luxury vinyl plank flooring adds a fresh touch throughout portions of the home, including the kitchen, TV room, and more. A wood-burning stove insert adds warmth and character to the main living space. The one-car garage provides additional storage for outdoor gear and hobbies. For added convenience, the washer and dryer will stay with the home, along with the Xfinity security system and cameras. Beloved Steel Lake Park is just down the street, offering water access for swimming, paddle boarding, fishing, walking trails, playgrounds, and more outdoor fun. You’re also perfectly centered between the new Star Lake and Federal Way Downtown light rail stations, making it more convenient than ever to reach SeaTac Airport, downtown Seattle, Bellevue, and beyond. With its spacious yard, thoughtful features, and unbeatable location, this home is ready for its next owners to make it their own!

29311 33rd Avenue S, Auburn

Listing courtesy of Brink Realty Group.

$1,380,000
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.

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