31021 20th Avenue S Federal Way, WA $ 495,000
31021 20th Avenue S
$ 495,000
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31021 20th Avenue S

Federal Way, WA, 98003
$ 495,000
Bedrooms1 Baths1.0 Sq 720

Monthly Estimate*

$ 3,048

Listed by Windermere Real Estate Co.
31021 20th Avenue S, Federal Way, WA 98003 - Image 1
31021 20th Avenue S, Federal Way, WA 98003 - Image 2
31021 20th Avenue S, Federal Way, WA 98003 - Image 3
31021 20th Avenue S, Federal Way, WA 98003 - Image 4
31021 20th Avenue S, Federal Way, WA 98003 - Image 5
31021 20th Avenue S, Federal Way, WA 98003 - Image 6
31021 20th Avenue S, Federal Way, WA 98003 - Image 7

Single Family Home for sale in Federal Way, WA

for $495,000 with 1 bedroom and 1 full bath. This 720 square foot home was built in 1947 on a lot size of 0.6887.

Opportunity is knocking with this expansive 0.69-acre (approx. 30,000 sq ft) parcel in the sought-after Steel Lake area. This is a true teardown, (720 square-foot single family home), making it the perfect blank canvas for your next project—whether you're a first-time investor looking to get into development or a seasoned builder ready to maximize potential. Zoned RS7.2, the property offers strong subdivision potential for multiple single-family homes/Townhomes, (buyer to verify), giving you flexibility to build and scale in an established neighborhood. Large, usable lots like this are becoming increasingly rare—especially in a location close to shopping, schools, and major commuter routes. An incredible opportunity to create value from the ground up. Bring your vision, your plans, and your ambition—this is where your next project begins.

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Single Family Active

Price

$ 495,000

Bedrooms

1

Full Bath

1

Property Type

Single Family

Taxes

$ 3,820

Style

1 Story

Lot Size

0.6887

Year Built

1947

Town/City

Federal Way

County/Region

King

MLS | Web ID

2513002

Features
General
Living Area 720
Sewer Available
Heating None
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Year Built 1947
Topography Partial Slope
Levels One
Property Subtype Single Family Residence
Tax Year 2025
County King
New Construction N
Property Type Residential
HOA N
Attached Garage Y
Subdivision Name Federal Way
Garage Y/N Y
Full Baths 1
Special Listing Conditions None
Status Active
Directions Head south on Pacific Hwy S (WA-99). Turn right onto S 312th St. Turn left onto 20th Ave S. Continue for about 0.2 milesyour destination 31021 20th Ave S will be on the right.
City Federal Way
Senior Community Y/N N
High School District Federal Way
MLS Area 110 - Dash Point/Federal Way
Lot Size Units Square Feet
Lot Size Square Feet 30000
Carport Y/N N
Listing Terms Cash Conventional
Land Lease Y/N N
Tax Annual Amount 3820
Public Remarks Opportunity is knocking with this expansive 0.69-acre (approx. 30 000 sq ft) parcel in the sought-after Steel Lake area. This is a true teardown (720 square-foot single family home) making it the per
Structure Type House
Building Area Units Square Feet
Standard Status Active
Water Company Lakhaven
Property Style 10 - 1 Story
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Exterior
Exterior Amenities Metal/Vinyl Stone
Vegetation Brush Wooded
Parking Features Attached Garage
Water Source Public
Total Parking 2
Foundation Details Block
Building Area Total 720
Lot Dimensions 100' x 300'
Lot Size Acres 0.6887
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
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Interior
Total Fireplaces 0
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Half Baths 0
3/4 Baths 0
Total Bedrooms 1
Main Level Bedrooms 1
Total Baths 1
Power Production Type See Remarks
Baths Three Quarter Garage 0
Baths Three Quarter Lower 0
Baths Three Quarter Main 0
Baths Three Quarter Upper 0
Bedrooms Lower 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Half Main 0
Baths Half Lower 0
Baths Half Garage 0
Baths Full Upper 0
Baths Full Main 1
Baths Full Lower 0
Baths Full Garage 0
Bathrooms 1
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Internal Only
OriginalMLSID NWM2513002
Street Number 1 31021
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* Excluded Features
List By
Brooks Glenn

Listing Agent

Windermere Real Estate Co.

Broker

Affordability Calculator

$3,366
Per Month
91%
9%
0%
Monthly Principal & Interest
$3,048
Monthly Property Taxes
$318
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258885 Elementary School
257703 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/24/2026$495,000 Listed Price

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31021 20th Avenue S, Federal Way, WA, 98003 is a Single Family Home for sale at $495,000 with 720 sqft and a lot size of 0.6887. 31021 20th Avenue S has 1 bedrooms, 1.0 baths, and was built in 1947. The property's zip code is 98003 which is in Federal Way, WA