$715,000
Est. $3,627/mo5 bd•2,350 sq ft
5032 40th Street Ne, Federal Way, WA 98422
• Listed 2025-05-15•New today
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Welcome to La Terra! Tucked away on a private drive, this 2014-built gem offers 5 bedrooms and 2.75 baths across 2,350 square feet. A rare main-floor bedroom with a full bath adds flexibility. Enjoy upgraded features, newer LVP flooring throughout (no carpet), and an extended driveway for easier parking. The spacious primary suite includes a 5-piece bath and large walk-in closet. Stay cool through the summers with a central AC. Entertain in style with a fully fenced backyard boasting a gazebo, extended patio, and custom storage shed. Outdoor sprinkler system installed for added convenience of maintenance. Close to shopping, dining, and more—this well-maintained home has it all. Welcome home!
Listed by Denis Karnafel • John L. Scott, Inc
Listing updated: June 25, 2025 at 07:43am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2376920
Open houses
No upcoming open houses scheduled for this property.
5 recent nearby sales, priced between $640K and $785K.
$689,000Last sold price
33759 31st Avenue Sw, Federal Way, WA 98023
$785,000Last sold price
2511 Sw 347th Street, Federal Way, WA 98023
$698,000Last sold price
34802 8th Place Sw, Federal Way, WA 98023
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$4,342 per month
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Get pre-approvedEstimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Federal Way is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 32 days.
Want a deeper read on this market?
Ask a RexMont agentMarket data via RentCast · Updated Jun 2026
Schools shown are the nearest public Elementary, Middle, and High school for this property. School district boundaries change — verify the assigned school with the district before purchasing.