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Listed by Keith C. Bruce • Sound Point Real Estate LLC.
FOR SALE

$184,950

Est. $1,024/mo

Price reduced $55,000 from the original $239,950 asking price

32540 44th Avenue S, Federal Way, WA 98001

• Listed Oct 27, 2025•334 days active · 334 cumulative

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★★★★★5.0·1,242 Google reviews

Listing Broker: Sound Point Real Estate LLC; Keith C. Bruce; 206-226-4663; keith@soundpointre.com

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Listing Broker: Sound Point Real Estate LLC; Keith C. Bruce; 206-226-4663; keith@soundpointre.com

About this home

Builder Opportunity – Nearly Shovel-Ready Premium Lot. Perfect location for your dream home or new construction project. Prime Federal Way location near I-5, future light rail, shopping & parks. Surrounding new homes often sell $800,000 plus range. Most major due diligence is complete: Arborist reports, wetlands delineation + buffer notes, steep slopes evaluated with setbacks reduced, buildable area designated, site plan available, Use Process 3 started, pre-app notes on file, stormwater mitigation approach ready. Flexible footprint—bring your plan or consider concepts like Adair’s “Everett” (40’x42’). Rendering of The Everett home fits the available footprint on the lot. Excellent territorial views.

Property type
Single Family
Year built
Not listed
Interior
Not listed
Lot size
0.2123 acres
Parking
None
Price / sq ft
Not listed
Property taxes$748/yr (est.)
School districtFederal Way

Listed by Keith C. Bruce • Sound Point Real Estate LLC

Listing updated: September 26, 2026 at 10:29am

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2448897

Around this home

RexMont OfferEdge™

How much should you offer?

32540 44th Avenue S, Federal Way, WA 98001

List price
$184,950
Down payment
$36,990

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Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.

Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.

Property details

Layout

  • Res-Less thn 1 Ac

Schools

Ratings via SchoolDigger

Federal Way School District

  • Buyer To Verify
    Public · Grades Elementary
    —
  • Buyer To Verify
    Public · Grades Middle
    —
  • Buyer To Verify
    Public · Grades High
    —

Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.

Vacant land facts

As entered by the listing broker on Northwest MLS

Lot

Acres
0.21 acres
Lot square feet
9,246 sq ft
Topography
Level,Sloped
Lot number
27
Lot details
Paved

Zoning & use

Zoning description
Residential
Zoning jurisdiction
City
Possible use
Residential
Restrictions
Unknown

Utilities

Utilities
Electricity Available, Natural Gas Available
Electricity
In Street
Gas
In Street
Water
In Street
Water jurisdiction
Federal Way
Sewer
In Street
Septic installed
No

Road & access

Road responsibility
County
Road information
County Maintained
Road on which side
West

Surveys & reports

Sketch submitted
Yes
Reports and documents completed
Geotech,See Remarks,Topographical,Wetland Delineation

Water & irrigation

Waterfront
No
Irrigation water rights
No

Taxes & assessment

Annual taxes
$748
Tax year
2025
Financing
Cash, Conventional
Seller disclosure
Provided
Preliminary title ordered
Yes

Neighborhood mobility

Doorstep, Pedal & Station Scores

Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.

Ground Truth™

The ground, the slope, the flood zone and the noise at this address

Read from public hazard, flood, terrain and noise maps for this exact home.

Address Insider™

The members' report

Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.

Members

Opens with the report above.

Sales & Tax Records for 32540 44th Avenue S

NWMLS via MLS Grid · King County Assessor

Every listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.

  1. Sep 26, 2026
    Price reduced
    NWMLS via MLS Grid · #2448897
    $184,950
  2. Oct 27, 2025
    Listed
    NWMLS via MLS Grid · #2448897
    $239,950
  3. Sep 15, 2023
    Sold
    NWMLS via MLS Grid · #2037053
    $120,000
  4. Jul 15, 2023
    Pending
    NWMLS via MLS Grid · #2037053
    $140,000
  5. Jul 15, 2023
    Price reduced
    NWMLS via MLS Grid · #2037053
    $140,000
  6. Feb 17, 2023
    Listed
    NWMLS via MLS Grid · #2037053
    $150,000

Down payment assistance

6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.

Check eligibility

Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.

Mortgage payment forecast

$1,132 per month

Great rate
Principal and interest
Property taxes
HOA dues
Home insurance

Takes about 5 minutes & won't affect your credit

Get pre-approved
Plan your offer with a RexMont buyer specialistWalk through escalation strategy, contingencies, and competing-offer risk in this neighborhoodCompare loan options30-yr fixed, 15-yr, FHA, VA, jumbo

Source: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.

Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.

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Listing Broker: Sound Point Real Estate LLC; Keith C. Bruce; 206-226-4663; keith@soundpointre.com

Market pulse

Federal Way is a seller's market.

Inventory is low and competition is high. Sellers have more negotiating power.

Buyer's marketSeller's market

  • 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 39 days.

Recent sales nearby

Within 1 mile · last 6 months

  • $850,000 Sold

    5 days ago

    3 bd•2.5 ba•~2,550 sq ft•Single Family

    32424 58th Avenue S, Auburn, WA 98001

    0%

    Over list

    55

    Days on market

    0.7 mi

    Distance

  • $590,000 Sold

    1 week ago

    3 bd•2 ba•~1,950 sq ft•Single Family

    31840 44th Avenue S, Auburn, WA 98001

    3%

    Under list

    81

    Days on market

    0.4 mi

    Distance

  • $554,000 Sold

    2 weeks ago

    3 bd•2.5 ba•~1,680 sq ft•Single Family

    4401 S 333rd Street, Auburn, WA 98001

    3%

    Under list

    26

    Days on market

    0.5 mi

    Distance

  • $764,994 Sold

    2 weeks ago

    5 bd•2.75 ba•~2,535 sq ft•Single Family

    5524 S 328th Street #9, Auburn, WA 98001

    0%

    Under list

    120

    Days on market

    0.5 mi

    Distance

  • $675,000 Sold

    3 weeks ago

    4 bd•1.75 ba•~2,120 sq ft•Single Family

    4613 S 318th Street, Auburn, WA 98001

    0%

    Over list

    29

    Days on market

    0.5 mi

    Distance

Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.

Want a deeper read on this market?

Ask a RexMont agent

Market data from MLS GRID / NWMLS · Updated Oct 2026

Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.

MLS GRID Disclaimer

Based on information submitted to the MLS GRID as of October 18, 2026 at 2:16 PM PT (date and time MLS GRID Data was obtained). 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 courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Some IDX listings have been excluded from this website.

© 2026 Northwest Multiple Listing Service. All rights reserved.

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