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5118 SW 311 Place Federal Way, WA $ 1,025,000
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5118 SW 311 Place
$ 1,025,000
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5118 SW 311 Place

Federal Way, WA, 98023
$ 1,025,000
Bedrooms4 Baths2.0 Sq 2,020

Monthly Estimate*

$ 6,311

Listed by John L. Scott, Inc.
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Single Family Home for sale in Federal Way, WA

for $1,025,000 with 4 bedrooms and 2 full baths. This 2,020 square foot home was built in 1972 on a lot size of 0.36.

Perched to capture sweeping, unobstructed panorama views of Puget Sound, this iconic Pacific Northwest retreat is ready for its next chapter. Offered in its original condition, this home is ideal for buyers seeking a chance to renovate, restore, or reimagine a view property into their dream residence. Solid bones, timeless character, and endless potential make this a standout investment opportunity. The expansive unfinished 1,280 sq ft basement adds exceptional flexibility and value, ideal for a workshop, studio, wine cellar, fitness space, storage, or future expansion. Existing plumbing for an additional bathroom opens the door to even more possibilities. Enjoy seamless indoor-outdoor living with a spacious view deck, perfect for entertaining, relaxing, or morning coffee, soak in the incredible scenery year-round. Conveniently located with easy access to light rail (5 miles), Seattle/Tacoma airport (15 miles), shopping, parks, and commuter routes, this home offers a rare combination of peaceful living and unbeatable accessibility.

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Single Family Active

Price

$ 1,025,000

Bedrooms

4

Full Bath

2

Property Type

Single Family

Taxes

$ 3,753

Style

2 Stories w/Bsmnt

Lot Size

0.36

Year Built

1972

Town/City

Federal Way

County/Region

King

MLS | Web ID

2515671
Features
General
Living Area 2020
Sewer Septic Tank
Heating Forced Air
Cooling Forced Air
Possession Closing
Roof Composition
Appliances Dishwasher Double Oven Dryer Refrigerator Stove(s)/Range(s) Washer
HOA Fee 0
Year Built 1972
View Mountains Ocean
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
County King
New Construction N
Property Type Residential
HOA N
Attached Garage N
Subdivision Name Dash Point
Full Baths 2
Special Listing Conditions None
Status Active
Directions GPS directions good.
High School Buyer To Verify
City Federal Way
Entry Location Main
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 15680
Carport Spaces 3
Carport Y/N Y
Listing Terms Cash Conventional VA Loan
Elementary School Buyer To Verify
Land Lease Y/N N
Tax Annual Amount 3753
Middle/Junior High School Buyer To Verify
Public Remarks Perched to capture sweeping unobstructed panorama views of Puget Sound this iconic Pacific Northwest retreat is ready for its next chapter. Offered in its original condition this home is ideal for
Virtual Tour https://media.swannmediallc.com/sites/5118-sw-311th-pl-federal-way-wa-98023-24225957/branded
Structure Type House
Building Area Units Square Feet
Standard Status Active
Property Style 18 - 2 Stories w/Bsmnt
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Interior
Interior Amenities Dbl Pane/Storm Window Fireplace Pantry Vaulted Ceiling(s) Walk-In Closet(s) Water Heater
Basement Daylight Unfinished
Flooring Hardwood Stone Vinyl Carpet
Total Fireplaces 2
Fireplace Features Wood Burning
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Half Baths 0
3/4 Baths 0
Total Bedrooms 4
Main Level Bedrooms 3
Total Baths 2
Bedrooms Possible 4
Water Heater Type Electric
Water Heater Location Basement
Fireplaces Main 1
Fireplaces Lower 1
Power Production Type Electric
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 1
Baths Half Upper 0
Baths Half Main 0
Baths Half Lower 0
Baths Half Garage 0
Baths Full Upper 1
Baths Full Main 1
Baths Full Lower 0
Baths Full Garage 0
Bathrooms 2
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Exterior
Exterior Amenities Wood
Vegetation Brush
Parking Features Attached Carport
Lot Features Paved Sidewalk
Water Source Public
Total Parking 3
Inclusions Dishwasher(s) Double Oven Dryer(s) Refrigerator(s) Stove(s)/Range(s) Washer(s)
Foundation Details Poured Concrete
Building Area Total 3300
Lot Size Acres 0.36
Waterfront Y/N N
Covered Spaces 3
Irrigation Water Rights Y/N N
Site Features Deck
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Internal Only
OriginalMLSID NWM2515671
Street Number 1 5118
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* Excluded Features
List By
Allison Pringle

Listing Agent

John L. Scott, Inc.

Broker

Affordability Calculator

$6,624
Per Month
95%
5%
0%
Monthly Principal & Interest
$6,311
Monthly Property Taxes
$313
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
3100707 Elementary School
3100498 Middle School
Buyer To Verify High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/30/2026$1,025,000 Listed Price

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5118 SW 311 Place, Federal Way, WA, 98023 is a Single Family Home for sale at $1,025,000 with 2,020 sqft and a lot size of 0.36. 5118 SW 311 Place has 4 bedrooms, 2.0 baths, and was built in 1972. The property's zip code is 98023 which is in Federal Way, WA

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