All homes
Open house Sun, Oct 11
View 3D tour

$1,149,998

3118 337th Street

Federal Way, WA 98001

Active
LakeNo BankLake viewTerritorial view

Beds

2

Baths

2

Sq Ft

1,160

Lot

0.73 ac

Year built

1942

Type

Residential

Days listed

1

MLS #

2592597

About this home

Situated on coveted North Lake waterfront, this rare offering includes 3 waterfront parcels totaling 31,319 SF, all sold together. The fully remodeled one-story, 2-bedroom, 1.75-bath rambler anchors the property, with over 82 feet of combined lake frontage across the 3 parcels. Enjoy it as one expansive waterfront retreat or explore the potential to build up to 2 additional homes. Inside, vaulted ceilings and a bright sunroom fill the home with natural light and frame spectacular lake views. The remodeled interior features custom cabinetry, quartz countertops, modern tiled bathrooms, a soaking tub, durable laminate flooring, and thoughtful updates throughout. Outside, a private dock and jacuzzi create an ideal setting for life on the water. Spend your days boating, paddleboarding, fishing, swimming, or relaxing along the shoreline, then take in spectacular North Lake sunsets. An oversized heated two-car garage offers generous space for vehicles, storage, lake toys, or a workshop. Previously operated as a successful Airbnb, the property offers flexibility as a primary residence, vacation retreat, or investment opportunity. Public sewer is located adjacent to all three parcels, while the existing home is currently served by septic. Buyer to verify sewer availability, connection requirements, and development feasibility. A rare opportunity to enjoy North Lake today with exciting possibilities for the future.

Interior features

Bath Off PrimaryCeiling Fan(s)Dbl Pane/Storm WindowDining RoomFireplaceFrench DoorsHot Tub/SpaSkylight(s)Vaulted Ceiling(s)Water Heater

Exterior features

Cement PlankedWood Products

Appliances

DishwasherDisposalDryerMicrowaveRefrigeratorStove(s)/Range(s)Washer

Schools

Elementary

Lake Dolloff Elem

Middle

Sequoyah Mid Sch

High

Todd Beamer High

Property details

Heating
Forced Air
Cooling
None
Flooring
Ceramic Tile, Laminate
Parking
Driveway, Attached Garage, RV Parking
View
Lake, Territorial
Lot
Paved
Water source
Public
Sewer
Available, Septic Tank
Levels
One
Fireplaces
1

Costs

Price / sq ft
$991
Annual taxes
$5,919 (2026)

Estimate your monthly payment

$6,308/mo

Principal & interest
$5,815
Property taxes
$493
Loan amount $919,998

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 eXp Realty— Ivan Grishko.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.

No spam. We'll only reach out about your search.