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
Baths0.0

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
Studio

Lots and Land for sale in Federal Way, WA

for $495,000. The lot size is 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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Lots and Land Active

Price

$ 495,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 3,820

Style

Res-Less thn 1 Ac

Lot Size

0.6887

Town/City

Federal Way

County/Region

King

MLS | Web ID

2512126

Features
General
Living Area 0
Sewer Available
Utilities Electricity Available Natural Gas Available
Possession Closing
HOA Fee 0
Property Subtype Land
Tax Year 2025
County King
Property Type Land
HOA N
Subdivision Name Federal Way
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
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 Unspecified
Building Area Units Square Feet
Standard Status Active
Gas Status In Street
Property Style 40 - Res-Less thn 1 Ac
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Interior
Total Fireplaces 0
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Water Source Available
Building Area Total 0
Lot Size Acres 0.6887
Road Surface Type See Remarks
Waterfront Y/N N
Road Responsibility See Remarks
Irrigation Water Rights Y/N N
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Internal Only
OriginalMLSID NWM2512126
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
4/23/2026$495,000 Listed Price

Map


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31021 20th Avenue S, Federal Way, WA, 98003 is a Lots and Land for sale at $495,000 with a lot size of 0.6887. 31021 20th Avenue S is a studio with 0.0 baths. The property's zip code is 98003 which is in Federal Way, WA