Federal Way, WA 98003 (MLS # 2513577)
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Listing provided courtesy of Northwest MLS; Windermere Real Estate Co.
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Developers. Investors. Visionaries "” This One Just Leveled Up. Now offering a rare double-lot opportunity totaling approx. 60,000 sq ft in the highly desirable Steel Lake area. This opportunity brings serious scale and flexibility for those ready to build and maximize potential. The property includes a 3,200 sq ft home + 750 sq ft DADU, creating immediate options"”hold, rent, or redevelop while you plan your next move. Zoned RS7.2, this site presents strong potential for subdivision and multiple new homes or townhomes (buyer to verify)"”making it ideal for both experienced developers and investors looking for their next value-add project. Large parcels like this"”especially with existing structures and development flexibility"”are becoming increasingly rare in established, well-located neighborhoods near shopping, schools, and major commuter routes. Two lots. Multiple paths. Unlimited upside. Build it. Scale it. Maximize it. (Please call Listing Broker for Information)!
| LAST UPDATED | 4/27/2026 | TRACT | Federal Way |
|---|---|---|---|
| YEAR BUILT | 1947 | COMMUNITY | Federal Way |
| COUNTY | King | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| AIR | Heat Pump |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer |
| AREA | 110 - Dash Point/Federal Way |
| BASEMENT | Daylight, Finished, Yes |
| CONSTRUCTION | Brick, Wood Siding |
| EXTERIOR | Garden |
| GARAGE | Attached Garage, Yes |
| HEAT | Electric, Heat Pump |
| INTERIOR | Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Security System |
| LOT | 1.3774 acre(s) |
| LOT DESCRIPTION | Wooded |
| LOT DIMENSIONS | 100’ x 300’ |
| MLS STATUS | Active |
| PARKING | Attached |
| STORIES | 2 |
| STYLE | 12 - 2 Story |
| SUBDIVISION | Federal Way |
| TAXES | 6941 |
| UTILITIES | Sewer Connected, Sewer Available |
| WATER | Public |
TOTAL MONTHLY PAYMENT
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 4/27/26 9:59 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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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