$1,199,950
3118 337th Street
Federal Way, WA 98001
Beds
2
Baths
2
Sq Ft
1,160
Lot
0.73 ac
Year built
1942
Type
Residential
Days listed
29
MLS #
2569988
About this home
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.
Interior features
Exterior features
Appliances
Schools
Elementary
Buyer To Verify
Middle
Buyer To Verify
High
Buyer To Verify
Property details
- Heating
- Forced Air
- Cooling
- None
- Flooring
- Ceramic Tile, Laminate
- Parking
- Driveway, Attached Garage, RV Parking
- View
- Lake, Territorial
- Lot
- Paved
- Water source
- Public
- Sewer
- Available, Septic Tank
- Levels
- One
- Fireplaces
- 1
Costs
- Price / sq ft
- $1,034
- Annual taxes
- $5,919 (2026)
Estimate your monthly payment
$6,561/mo
- Principal & interest
- $6,068
- Property taxes
- $493
Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.
Location
Federal Way, WA 98001
Approximate location. Contact us to confirm the exact address.
Listing courtesy of Keller Williams Realty PS— Eric Plotnikov.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.
Interested in this home?
Request a private tour or ask a question — a local agent will respond personally.