About this home

Builder Opportunity – Nearly Shovel-Ready Premium Lot. Perfect location for your dream home or new construction project. Prime Federal Way location near I-5, future light rail, shopping & parks. Surrounding new homes often sell $800,000 plus range. Most major due diligence is complete: Arborist reports, wetlands delineation + buffer notes, steep slopes evaluated with setbacks reduced, buildable area designated, site plan available, Use Process 3 started, pre-app notes on file, stormwater mitigation approach ready. Flexible footprint—bring your plan or consider concepts like Adair’s “Everett” (40’x42’). Rendering of The Everett home fits the available footprint on the lot. Excellent territorial views.

Schools

Elementary

Buyer To Verify

Middle

Buyer To Verify

High

Buyer To Verify

Property details

View: Territorial
Lot: Paved
Water source: In Street
Sewer: In Street
Utilities: Electricity Available, Natural Gas Available

Costs

Annual taxes: $748 (2025)

Estimate your monthly payment

$998/mo

Principal & interest: $935
Property taxes: $62

Down payment (20%) $36,990 Interest rate (%) Loan term (years)

Loan amount $147,960

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Federal Way, WA 98001

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Sound Point Real Estate LLC— Keith C. Bruce.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

Interested in this home?

Request a private tour or ask a question — a local agent will respond personally.