3118 S 337th Street Federal Way, WA $ 1,199,950
3118 S 337th Street
$ 1,199,950
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3118 S 337th Street

Federal Way, WA, 98001
$ 1,199,950
Bedrooms2 Baths2.0 Sq 1,160

Monthly Estimate*

$ 7,577

Listed by Keller Williams Realty PS
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Single Family Home for sale in Federal Way, WA

for $1,199,950 with 2 bedrooms and 2 full baths. This 1,160 square foot home was built in 1942 on a lot size of 0.7328.

Exceptional North Lake waterfront opportunity! This unique offering includes three waterfront parcels totaling 31,319 SF, all sold together. The fully remodeled 2-bedroom, 1.75-bath home sits on one parcel with 60 feet of coveted lake frontage, while the two additional parcels provide approximately 45 feet of combined frontage and potential for future development, subject to buyer verification and applicable requirements. Enjoy waterfront living with serene lake views, fishing, boating, spectacular sunsets, and your own private dock. This desirable rambler features vaulted ceilings, a bright sunroom, private jacuzzi, custom-tiled bathrooms, durable laminate flooring, custom cabinetry, and new quartz countertops. The oversized heated two-car garage provides abundant space for vehicles, storage, lake toys, or a workshop. Previously operated as a successful Airbnb, the property offers exceptional flexibility as a primary residence, vacation home, or investment opportunity. Public sewer is located adjacent to all three parcels, offering potential flexibility for future development. Buyer to verify sewer availability, connection requirements, and development feasibility to their satisfaction. The existing home is currently served by septic. A rare opportunity to live, recreate, develop, or invest in a premier waterfront setting.

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Single Family Active

Price

$ 1,199,950

Bedrooms

2

Full Bath

2

Property Type

Single Family

Taxes

$ 5,919

Style

1 Story

Lot Size

0.7328

Year Built

1942

Town/City

Federal Way

County/Region

King

MLS | Web ID

2569988

Features
General
Living Area 1160
Sewer Available Septic Tank
Heating Forced Air
Cooling None
Possession Closing
Roof Composition
Appliances Dishwasher Dryer Microwave Refrigerator Stove(s)/Range(s) Washer
HOA Fee 0
Security Features Partially Fenced
Year Built 1942
View Lake Territorial
Topography Level
Levels One
Property Subtype Single Family Residence
Tax Year 2026
Waterfront Features Lake No Bank
Building Name Louises North Lake Trs
County King
New Construction N
Property Type Residential
HOA N
Attached Garage Y
Subdivision Name North Lake
Garage Y/N Y
Full Baths 1
Special Listing Conditions None
Status Active
Directions Use Phone GPS
High School Buyer To Verify
City Federal Way
Entry Location Main
Senior Community Y/N N
High School District Federal Way
MLS Area 100 - Jovita/West Hill
Lot Size Units Square Feet
Lot Size Square Feet 31919
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Elementary School Buyer To Verify
Land Lease Y/N N
Tax Annual Amount 5919
Middle/Junior High School Buyer To Verify
Public Remarks Exceptional North Lake waterfront opportunity! This unique offering includes three waterfront parcels totaling 31 319 SF all sold together. The fully remodeled 2-bedroom 1.75-bath home sits on one pa
Structure Type House
Building Area Units Square Feet
Standard Status Active
Water Company Lakehaven
Property Style 10 - 1 Story
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Interior
Interior Amenities Bath Off Primary Ceiling Fan(s) Dbl Pane/Storm Window Dining Room Fireplace French Doors Skylight(s) Vaulted Ceiling(s) Water Heater
Basement None
Flooring Ceramic Tile Laminate
Total Fireplaces 1
Fireplace Features Electric
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N Y
Half Baths 0
3/4 Baths 1
Total Bedrooms 2
Main Level Bedrooms 2
Total Baths 2
Water Heater Type Electric
Fireplaces Main 1
Power Production Type Electric Natural Gas
Baths Three Quarter Garage 0
Baths Three Quarter Lower 0
Baths Three Quarter Main 1
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 1.75
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Exterior
Exterior Amenities Cement Planked
Vegetation Fruit Trees Garden Space
Parking Features Driveway Attached Garage RV Parking
Lot Features Paved
Water Source Public
Total Parking 2
Inclusions Dishwasher(s) Dryer(s) Microwave(s) Refrigerator(s) Stove(s)/Range(s) Washer(s)
Foundation Details Poured Concrete
Spa Y
Building Area Total 1160
Lot Size Acres 0.7328
Waterfront Y/N Y
Covered Spaces 2
Irrigation Water Rights Y/N N
Waterfront Footage 105
Site Features Cable TV Dock Fenced-Partially Gas Available Hot Tub/Spa RV Parking
Lot Number 1-10-11
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Internal Only
OriginalMLSID NWM2569988
Street Number 1 3118
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* Excluded Features
List By
Eric Plotnikov

Listing Agent

Keller Williams Realty Ps

Broker

Affordability Calculator

$8,070
Per Month
94%
6%
0%
Monthly Principal & Interest
$7,577
Monthly Property Taxes
$493
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
Pricing History
DatePricePrice ChangeDescription
8/18/2026$1,199,950 Listed Price

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3118 S 337th Street, Federal Way, WA, 98001 is a Single Family Home for sale at $1,199,950 with 1,160 sqft and a lot size of 0.7328. 3118 S 337th Street has 2 bedrooms, 2.0 baths, and was built in 1942. The property's zip code is 98001 which is in Federal Way, WA