5118 SW 311 Place, Federal Way, WA 98023

Federal Way
Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: allison pringle
Office: john l. scott, inc.
MLS#:2515671
Source:NWMLS
5118 SW 311 Place,Federal Way, WA 98023
$1,025,000
Virtual Tour
  • 4 Beds
  • 2 Baths
  • 3,300 sq. ft.
  • Single family
  • Active

Price summary

  • Price:$1,025,000
  • Price per sq. ft.:$310.61

About this home

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...

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Home facts

  • Year built:1972
  • Listing ID #:2515671
  • Updated:May 01, 2026 at 11:03 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Carpet, Hardwood, Stone, Vinyl Floor
  • Kitchen Description:Dishwasher, Double Oven, Refrigerator
  • Bedroom Description:Main Level Bedrooms : 3, Upper Level Bedrooms : 1
  • Basement:Yes
  • Basement Description:Daylight, Unfinished
  • Living area:3,300 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1972
  • Building area:3,300 sq. ft.
  • Lot area:0.36 Acres
  • Lot Features:Paved, Sidewalk
  • Construction Materials:Wood Exterior Finish
  • Exterior Features:Deck
  • Foundation Description:Daylight, Unfinished
  • Levels:2 Story

Schools

  • High school:Buyer To Verify
  • Middle school:Buyer To Verify
  • Elementary school:Buyer To Verify

Utilities

  • Water:Public
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$1,025,000
  • Price per sq. ft.:$310.61
  • Tax amount:$3,753 (2025)

Features and amenities

  • Appliances:Dishwasher, Refrigerator, Washer
  • Laundry features:Dryer, Washer
  • Amenities:Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater

Parking

  • Total parking spaces:3
  • Parking description:Attached Carport
  • Carport spaces:3
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 1, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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