3118 S 337th Street Federal Way, WA $ 1,149,998
3118 S 337th Street
$ 1,149,998
Recently Listed
Open House 10/11 1pm - 3pm
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3118 S 337th Street

Federal Way, WA, 98001
$ 1,149,998
Bedrooms2 Baths2.0 Sq 1,160

Monthly Estimate*

$ 7,943

Listed by eXp Realty
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Single Family Home for sale in Federal Way, WA

for $1,149,998 with 2 bedrooms and 2 full baths. This 1,160 square foot home was built in 1942 on a lot size of 0.7328.

Situated on coveted North Lake waterfront, this rare offering includes 3 waterfront parcels totaling 31,319 SF, all sold together. The fully remodeled one-story, 2-bedroom, 1.75-bath rambler anchors the property, with over 82 feet of combined lake frontage across the 3 parcels. Enjoy it as one expansive waterfront retreat or explore the potential to build up to 2 additional homes. Inside, vaulted ceilings and a bright sunroom fill the home with natural light and frame spectacular lake views. The remodeled interior features custom cabinetry, quartz countertops, modern tiled bathrooms, a soaking tub, durable laminate flooring, and thoughtful updates throughout. Outside, a private dock and jacuzzi create an ideal setting for life on the water. Spend your days boating, paddleboarding, fishing, swimming, or relaxing along the shoreline, then take in spectacular North Lake sunsets. An oversized heated two-car garage offers generous space for vehicles, storage, lake toys, or a workshop. Previously operated as a successful Airbnb, the property offers flexibility as a primary residence, vacation retreat, or investment opportunity. Public sewer is located adjacent to all three parcels, while the existing home is currently served by septic. Buyer to verify sewer availability, connection requirements, and development feasibility. A rare opportunity to enjoy North Lake today with exciting possibilities for the future.

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Open House

10/11/2026 1:00 PM - 3:00 PM
3118 S 337th 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

$ 1,149,998

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

2592597

Features
General
Living Area 1160
Sewer Available Septic Tank
Heating Forced Air
Cooling None
Possession Closing
Roof Composition
Appliances Dishwasher Disposal 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 From I-5 exit east onto S 366th St. At the circle head southeast on Weyerhaeuser Way S. At the next circle head northeast onto 33rd Pl S then quickly turn left onto S 337th St.
High School Todd Beamer High
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 Lake Dolloff Elem
Land Lease Y/N N
Tax Annual Amount 5919.4
Middle/Junior High School Sequoyah Mid Sch
Public Remarks Situated on coveted North Lake waterfront this rare offering includes 3 waterfront parcels totaling 31 319 SF all sold together. The fully remodeled one-story 2-bedroom 1.75-bath rambler anchors the
Virtual Tour https://my.matterport.com/show/?m=ca7rixCe3oW&mls=1
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 Hot Tub/Spa 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 Gas
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 Wood Products
Vegetation Fruit Trees Garden Space
Parking Features Driveway Attached Garage RV Parking
Lot Features Paved
Water Source Public
Total Parking 12
Inclusions Dishwasher(s) Dryer(s) Garbage Disposal 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 82
Site Features Cable TV Dock Fenced-Partially Gas Available Hot Tub/Spa Outbuildings Patio RV Parking
Parking Uncovered Total 10
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Internal Only
OriginalMLSID NWM2592597
Street Number 1 3118
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* Excluded Features
List By
Ivan Grishko

Listing Agent

Exp Realty

Broker

ivan@grishkogroup.com

Email

Affordability Calculator

$8,436
Per Month
94%
6%
0%
Monthly Principal & Interest
$7,943
Monthly Property Taxes
$493
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
258388 Elementary School
256675 Middle School
Todd Beamer High High School
Pricing History
DatePricePrice ChangeDescription
10/8/2026$1,149,998 Listed Price

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3118 S 337th Street, Federal Way, WA, 98001 is a Single Family Home for sale at $1,149,998 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