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$2,725,000
2566450 MLS ⋅ ACTIVE Status
The Lake Apartments is a well-maintained 16-unit garden-style multifamily community at 30853 14th Ave S in Federal Way, offered at an attractive $170,313 per unit. The property delivers a 6.06% in-place CAP rate with clear upside to a 7.41% proforma CAP through raising current below-market rents. Built in 1958 with a new roof installed in 2022, the asset sits on a large 31,050 sq. ft. park-like lot and features on-site laundry, ample private parking, and a balanced mix of one- and two-bedroom units. Located just off Pacific Highway and within approximately one mile of the Federal Way Downtown Link Light Rail Station, the property is also close to Steel Lake and Easter Lake, offering convenient access to recreational amenities. It benefits from strong transit access, high submarket occupancy (96.5%), limited new supply of apartments, and proximity to major employment centers including Sea-Tac Airport and the rapidly growing Kent Valley aerospace and logistics corridor.

30853 14th Avenue S, Federal Way

Listing courtesy of Westlake Associates, Inc..

$4,950,000
2564976 MLS ⋅ ACTIVE Status
We are pleased to present Redondo Ridge Townhomes, an 18-unit townhome community in Federal Way. Built in 1976, the property offers spacious 2-bedroom, 1.5-bath townhomes averaging 1,010 SF with fireplaces, vaulted ceilings, private patios, and full-size side-by-side washers and dryers. Offered at $4,950,000 ($275,000/unit, $272/SF), the asset delivers a 6.04% in-place cap rate with meaningful upside: current rents average $2,101, roughly 12% below the $2,400 achieved by comparable townhomes, and four unrenovated units offer approximately $500/month of additional income. Capital improvements include a new metal roof (2017), electrical panel upgrades (2018), fresh exterior paint (2026), and 14 of 18 units extensively remodeled with new cabinets, quartz counters, flooring, paint, doors, millwork, and appliances. Located 1.6 miles from the Federal Way Link Light Rail Station with convenient access to employment, shopping, and dining.

30323 15th Court S, Federal Way

Listing courtesy of Northmarq Multifamily, LLC.

$3,098,000
5 Beds ⋅ 6 Baths ⋅ 2532755 MLS ⋅ PENDING Status
Introducing a once-in-a-lifetime architectural masterpiece in the coveted Adelaide neighborhood of Federal Way. This extraordinary 6,820 sqft custom estate with 5 bedrooms and 5 baths was designed to capture commanding, unobstructed views of the Puget Sound and surrounding mountains through breathtaking walls of floor-to-ceiling glass. A dramatic 5’x8’ pivot entry door welcomes you into soaring 10'+ceilings, a grand floating staircase, European hardwood floors, and 3 custom fireplaces.The chef’s kitchen is nothing short of spectacular, showcasing floor-to-ceiling Tafisa Lumnia cabinetry, stunning Taj Mahal quartzite, Z-Line professional appliances, an oversized statement island, and a fully appointed butler’s pantry. The main-level primary suite is a private sanctuary with its own view deck, spa-caliber 5-piece bath adorned with custom tile, Brassna fixtures, heated floors, and a freestanding soaking tub. 3 bedroom offers en-suite luxury. The lower level is designed for unforgettable entertaining or multi-generational living, featuring a 2nd kitchen, theater or guest suite, and an impressive 10-person steam and sauna retreat. A 950 sqft garage with soaring ceilings, epoxy floors, custom built-ins, and oversized doors elevates the experience even further. Set on a meticulously landscaped half-acre with three expansive view decks and a grand driveway, this residence is the epitome of elegance, craftsmanship, and refined Northwest luxury.

29816 23rd Avenue SW, Federal Way

Listing courtesy of Kronos Real Estate.

$1,550,000
4 Beds ⋅ 3 Baths ⋅ 2529724 MLS ⋅ ACTIVE Status
One of a kind. Unbeatable views of Olympus Mountains paired with an exceptional location! Wake up above the Puget Sound, where the water glistens like art and every window frames serenity. Nestled in the highly sought-after Marine Hills community, this custom-built home blends timeless elegance with warmth and light. Vaulted ceilings, solarium windows, marble fireplace details, a gourmet kitchen with granite countertops, and a dreamy primary suite with its own fireplace create a home that feels both luxurious and deeply inviting. The expansive lower-level great room offers endless opportunities to create your perfect escape. New roof. Unmatched views. Endless sunsets. Paradise found.

812 S Marine Hills Way, Federal Way

Listing courtesy of John L. Scott, Inc.

$1,550,000
5 Beds ⋅ 5 Baths ⋅ 2500562 MLS ⋅ SOLD Status
Welcome to a truly exceptional estate tucked away on a quiet cul-de-sac, where luxury, privacy, and lifestyle come together in spectacular fashion. Spanning over 5,469 sq ft, this stunning home sits on a beautifully curated, park-like lot surrounded by mature trees, offering rare seclusion and incredible curb appeal. From the moment you arrive, the craftsmanship is undeniable—lush landscaping, architectural lighting, and tranquil water features set the tone. The outdoor experience is unmatched…entertain under the covered open-beam living space with skylights, relax in the built-in spa, or host unforgettable evenings with heaters, sound system, fire table. A fully lit sport court for pickleball, tennis, and basketball plus a powered cabin-style outbuilding adds versatility and fun. Inside, rich walnut flooring, soaring 8’ doors, and custom millwork create a warm yet grand feel. The chef’s kitchen shines with Sub-Zero, Wolf gas cooking, double ovens, Bosch dishwasher, and custom cabinetry. Expansive sliding doors seamlessly blend indoor/outdoor living. Enjoy a media room with surround sound, custom office, and flexible spaces throughout. The primary suite offers a sitting parlor, heated spa-like bath, soaking tub, multi-head shower, and custom walk-in closet. An oversized 4-bay garage with workshop, 220V power, and abundant storage completes the package. Outdoor living space includes 72-inch smart TV and Heaters This is more than a home—it’s a lifestyle

34529 5th Place SW, Federal Way

Listing courtesy of Berkshire Hathaway HS NW. Selling Office: Redfin.

$2,250,000
4 Beds ⋅ 3 Baths ⋅ 2444527 MLS ⋅ ACTIVE Status
Here's your opportunity to own waterfront property! Home has 229 feet of waterfront and sits on 2.19 peaceful acres next to Dumas Bay Sanctuary. Perfect multi-family property with 2 homes on the property: the main house is a 1 story with fully finished basement at 5,100 sqft. Each floor has 2 bedrooms, its own kitchen, a family room area and a patio or deck to relax and take in the views. The 2nd home or ADU, affectionately called the Beach House is a 1000 sqft home with 2 bedrooms, 1 bath and a huge deck overlooking the bay. Bring your plans and vision to this property to update the homes and make them shine once again! Trim some trees back and your gorgeous bay view will be seen from any angle of the property! Don't miss this opportunity!

30726 43rd Avenue SW, Federal Way

Listing courtesy of John L. Scott Des Moines.

$1,695,000
4 Beds ⋅ 4 Baths ⋅ 2405286 MLS ⋅ SOLD Status
Tucked away at the end of a quiet private street, this elegant gated estate on 1.4+ acres with a custom 4,638 sq ft home and brand-new 2 bed/1 bath ADU. Main home features vaulted ceilings, cherry cabinets, Brazilian cherry floors, granite/slate accents, chef’s kitchen with butler’s pantry, and main-floor primary suite with spa-like ensuite bath. Upstairs offers 3 beds, 2 baths, media room, and bonus room. Detached 1,000 sq ft fully permitted ADU, previously rented at $2,700/month. Enjoy evenings by the firepit watching bald eagles and owls soar overhead - this peaceful retreat blends luxury living with natural beauty.  A rare blend of luxury, space, and income potential!

35825 4th Place SW, Federal Way

Listing courtesy of Rain Town Realty + JPAR. Selling Office: Every Door Real Estate.

$1,283,950
5 Beds ⋅ 5 Baths ⋅ 2408021 MLS ⋅ SOLD Status
Welcome to Pinnacle Villa at The Ridge—an extraordinary 5-bed, 4.5-bath custom estate is the largest home in one of the city’s premier neighborhoods. Nearly every surface has been updated, w/ over $350,000 in upgrades including hardwood floors, trim, paint, windows, fixtures, HVAC, heated floors & more. The home features a grand foyer, gourmet/high-end kitchen, main-floor office w/ built-ins, living & rooms & large laundry room. Upstairs, the spacious primary suite offers dual walk-in closets & a spa-like bath w/ heated floors. 3 more sizable bedrooms, a junior suite, 2 full baths & a massive bonus room provide flexible living. Relax in the private, fully fenced backyard w/ newer deck looking at a serene greenbelt. 1210SF 3-car garage too!

33504 4th Court SW, Federal Way

Listing courtesy of Premier Real Estate Partners. Selling Office: COMPASS.

$2,000,000
4 Beds ⋅ 4 Baths ⋅ 2373866 MLS ⋅ SOLD Status
Experience the pinnacle of luxury and Northwest living: a secluded estate in the Dumas Bay community with sound, garden and estuary views from every room. Enjoy days on the beach and evenings watching the sun go down and the wildlife play from your heated deck. Inside you will find 4 bedrooms, 4 bathrooms, multiple seating areas, a grand office, wine cellar, a spacious primary with views, custom closets and updates throughout. Outside you will enjoy multiple places to relax in the garden including a fully plumbed patio with built in BBQ, fireplace & outdoor shower. This home has been meticulously cared for with a newer roof, paver driveway, fresh paint, A/C and solar panels with Tesla battery system. This home is a true sanctuary!

31001 39th Avenue SW, Federal Way

Listing courtesy of Windermere RE South Sound, Inc. Selling Office: Windermere RE Greenwood.

$2,150,000
6 Beds ⋅ 6 Baths ⋅ 2351719 MLS ⋅ SOLD Status
Exquisite estate radiating luxury & grandeur at every turn. Nestled on 2.37 resort-style acres adjoining Mirror Lake, this stunning property showcases manicured grounds, sprawling lawns, stamped concrete, palm trees, & a cascading waterfall. The fully custom residence impresses with extensive timber flooring, ornate millwork, EV charging, sauna, sunroom, library, fitness center & game room. Private lower-level MIL/guest quarters with a full kitchen offers both connection & privacy. The dreamy primary suite is a lavish retreat, featuring a refined sitting area, high intricately detailed coffered ceiling, & terrace access. The chef’s kitchen delights with custom cabinetry, sleek stainless steel, & slab granite, perfect for culinary creations.

31343 2nd Avenue SW, Federal Way

Listing courtesy of John L. Scott, Inc.. Selling Office: Homes & Equity Real Estate Grp.

$1,053,000
4 Beds ⋅ 3 Baths ⋅ 2315329 MLS ⋅ SOLD Status
Spectacular mid century modern in Marine Hills! Walls of windows showcase Sound views from your living room. Live large in over 5000 square feet, entertainment sized living spaces, three gas fireplaces, updated kitchen and baths on over 1/4 acre in the heart of Marine Hills. Four bedrooms on the main floor and room for more in the lower level, mother in law space or potential additional income. The updated lower level has spacious living areas, bar or kitchen with new cooktop to accommodate your guests. New bath down, more rooms and nonstop storage throughout the home. Newer roof, brand new furnace, new carpet and luxury vinyl plank floors, Upstairs laundry, good sized yard, hot tub, walk-in garden shed, air conditioning. Huge garage too!

29324 7th Place S, Federal Way

Listing courtesy of Coldwell Banker Danforth. Selling Office: Keller Williams Seattle Metro.

$1,950,000
3 Beds ⋅ 3 Baths ⋅ 2307154 MLS ⋅ SOLD Status

30030 20th Place SW, Federal Way

Listing courtesy of Terrafin. Selling Office: NWMLS-NonOffice.

$1,600,000
2286969 MLS ⋅ SOLD Status
Prime Investment Opportunity in Federal Way: Renovated 8-Unit ApartmentThis fully occupied 8-unit apartment is rare. It is located near downtown Federal Way, directly across from Federal Way High School. Each unit has been completely renovated, ensuring modern living spaces that are attractive and easy to maintain. With a strong 6.29% CAP rate, this property promises solid returns on investment. Convenience is key, with the upcoming light rail station just minutes away and within walking distance of the bus stop. Recent upgrades, including a brand-new roof in 2018 and new siding and exterior paint in 2023, mean no deferred maintenance—making it an ideal, hassle-free investment—with low vacancy rates.

1727 S 305th Place, Federal Way

Listing courtesy of Nations Realty, LLC. Selling Office: eLink Realty.

$1,625,000
6 Beds ⋅ 5 Baths ⋅ 2230921 MLS ⋅ SOLD Status
Luxury awaits in this grand, Bellagio-inspired home. Set between 3 levels, enjoy soaring ceilings, hand-carved wooden floors, 8-ft tall Siberian wood doors, multiple balconies, and deeded beach rights. Upper primary suite is massive with walk in closet and a 2-person shower. With many gathering spaces throughout the home, as well as multiple fireplaces and 6 bedrooms, this home has room for everyone! Lower level can be used as a separate ADU/MIL with separate access, kitchen, and laundry. Spacious garage easily parks 3 cars and boasts electric car charging capability. Gorgeous views of the Olympics and peek a boo views of the Sound. Enjoy the stately grounds and the newer outdoor hot tub. No detail is spared for this stunning property!

29844 9th Avenue SW, Federal Way

Listing courtesy of Redfin. Selling Office: Skyline Properties, Inc..

$1,700,000
5 Beds ⋅ 6 Baths ⋅ 2210463 MLS ⋅ SOLD Status
Prepare to be captivated by the awe-inspiring views of the Puget Sound! This 5bed/4.5bath home offers a front-row seat to nature's grandeur from its expansive deck and luxurious hot tub. Every moment of the day is elevated by the breathtaking views. With an ample 18,240sqft lot, and a fully permitted 800sqft ADU with private entrance, you have the flexibility for guests or utilize the space as a rental opportunity. Amazing open floor plan with massive kitchen island that flows out to the deck is perfect for entertaining. Don't miss the oversized garage that can house an RV. Home has private beach access through the neighborhood. PLEASE UTILIZE THE MATTERPORT 3-D WALK-THRU TO APPRECIATE THE SIZE AND LAYOUT. Inspections upon request.

29415 10th Avenue SW, Federal Way

Listing courtesy of Kelly Right RE of Seattle LLC. Selling Office: Pellego, Inc..

$1,050,000
2202916 MLS ⋅ SOLD Status
This 6 plex will be a gem in your portfolio. Solid renters with a great rental history. Some rents are near market value and a couple units could be raised with new leases. The building is completely occupied. Each unit is 1000 sqft and have 2 bedrooms and one bath. Very desirable Panther Lake location. Recent work that has been done to the building: New exterior paint, new windows, updated interiors, new electrical boxes. repairs and replacement of wear items have always been done as needed, The view behind the units is of a forest.

34015 1st Circle S, Federal Way

Listing courtesy of Vander Pool Real Estate LLC. Selling Office: Best Choice Realty.

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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