505 SW 366th Street Federal Way, WA $ 1,395,000
505 SW 366th Street
$ 1,395,000
Recently Listed
Open House 6/20 12pm - 3pm
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505 SW 366th Street

Federal Way, WA, 98023
$ 1,395,000
Bedrooms5 Baths4.0 Sq 3,350

Monthly Estimate*

$ 8,589

Listed by Real Broker LLC
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Single Family Home for sale in Federal Way, WA

for $1,395,000 with 5 bedrooms and 4 full baths. This 3,350 square foot home was built in 2023 on a lot size of 0.3471.

Welcome to South Campus Estates — a coveted enclave of newer-construction homes in Federal Way. Built in 2023 by JK Monarch, this 5-bed, 3.25-bath Modern Farmhouse Craftsman offers 3,350 sq ft on a sprawling 15,118 sq ft lot, no HOA. The great room boasts soaring 18-foot ceilings, while the chef-inspired kitchen anchors the home with a 15-foot island, custom cabinetry to the ceiling, Quartz counters, and an oversized walk-in pantry. Engineered hardwood floors and generous hallways flow throughout. Upstairs, the spacious primary suite offers two closets and an en suite bath. A second en suite bedroom with its own ¾ bath joins two more bedrooms sharing a full bath, plus a bonus loft. A main-floor bedroom with a ¾ bath nearby offers flexible guest or office space. The seller commissioned substantial post-purchase upgrades, completed by the builder — including a 4th garage bay (housing a second kitchen with ADU potential), a backyard storage shed on a concrete slab, and the upstairs ¾ bath/second en suite conversion — a true investment beyond the recorded sale price. Enjoy 4 driveway spaces plus 4 in the garage. A large covered patio with TIG cover overlooks an expansive, level backyard — a blank canvas for landscaping, a pool, or a future DADU. Catch a partial Cascade Mountain view from the front of the home. Minutes to I-5, Costco, and West Hylebos Wetlands Park, with easy access to Seattle, Tacoma, SeaTac, and Puget Sound waterfront.

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Open House

6/20/2026 12:00 PM - 3:00 PM
6/21/2026 12:00 PM - 3:00 PM
505 SW 366th Street Federal Way, WA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Single Family Active

Price

$ 1,395,000

Bedrooms

5

Full Bath

4

Property Type

Single Family

Taxes

$ 10,775

Style

Contemporary

Lot Size

0.3471

Year Built

2023

Town/City

Federal Way

County/Region

King

MLS | Web ID

2535682

Features
General
Living Area 3350
Sewer Sewer Connected
Heating 90%+ High Efficiency Heat Pump
Cooling 90%+ High Efficiency Heat Pump
Possession Closing
Roof Composition
Appliances Dishwasher Disposal Dryer Microwave Refrigerator Stove(s)/Range(s) Washer
HOA Fee 0
Architectural Style Contemporary
Security Features Fully Fenced
Year Built 2023
View Territorial
Topography Level Partial Slope
Levels Two
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 From I-5: Exit 142B to WA-18 W for 0.4 mi. Left onto Pac Hwy S (0.6 mi) Right onto # 356th St (1.0 mi). Left onto 6th Ave SW (0.6 mi) Left onto SW 366th St for 300 ft. House will be on Right side.
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 15118
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Land Lease Y/N N
Tax Annual Amount 10775
Public Remarks Welcome to South Campus Estates a coveted enclave of newer-construction homes in Federal Way. Built in 2023 by JK Monarch this 5-bed 3.25-bath Modern Farmhouse Craftsman offers 3 350 sq ft on a spra
Virtual Tour https://properties.in-gearmedia.com/videos/019ee128-97ff-706b-8cca-1055a6ab51bf?v=47
Structure Type House
Building Area Units Square Feet
Standard Status Active
Water Company Lakehaven
Property Style 12 - 2 Story
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Interior
Interior Amenities Second Kitchen Bath Off Primary Ceiling Fan(s) Dbl Pane/Storm Window Dining Room Fireplace French Doors Loft Pantry Vaulted Ceiling(s) Walk-In Closet(s) Water Heater
Basement None
Flooring Ceramic Tile Engineered Hardwood Carpet
Total Fireplaces 1
Fireplace Features Gas
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Half Baths 0
3/4 Baths 3
Total Bedrooms 5
Main Level Bedrooms 0
Total Baths 4
Water Heater Type Electric Hybrid
Water Heater Location Garage
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 2
Bedrooms Lower 1
Bedrooms Upper 4
Baths Half Upper 0
Baths Half Main 0
Baths Half Lower 0
Baths Half Garage 0
Baths Full Upper 1
Baths Full Main 0
Baths Full Lower 0
Baths Full Garage 0
Bathrooms 3.25
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Exterior
Exterior Amenities Cement Planked
Parking Features Driveway Attached Garage Off Street RV Parking
Lot Features Open Space Paved Sidewalk
Water Source Public
Total Parking 8
Inclusions Dishwasher(s) Dryer(s) Garbage Disposal Microwave(s) Refrigerator(s) Stove(s)/Range(s) Washer(s)
Foundation Details Poured Concrete
Building Area Total 3350
Lot Size Acres 0.3471
Waterfront Y/N N
Covered Spaces 4
Irrigation Water Rights Y/N N
Site Features Fenced-Fully High Speed Internet Outbuildings Patio RV Parking Shop
Parking Uncovered Total 4
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Internal Only
OriginalMLSID NWM2535682
Street Number 1 505
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* Excluded Features
List By
Tim McKeown

Listing Agent

Real Broker Llc

Broker

Affordability Calculator

$9,487
Per Month
91%
9%
0%
Monthly Principal & Interest
$8,589
Monthly Property Taxes
$898
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
6/19/2026$1,395,000 Listed Price

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505 SW 366th Street, Federal Way, WA, 98023 is a Single Family Home for sale at $1,395,000 with 3,350 sqft and a lot size of 0.3471. 505 SW 366th Street has 5 bedrooms, 4.0 baths, and was built in 2023. The property's zip code is 98023 which is in Federal Way, WA