$775,000
5 bd•2.75 ba•2,760 sq ft
32527 23rd Avenue SW, Federal Way, WA 98023
• Listed Mar 5, 2026
RexMont Market Signal for 32527 23rd Avenue SW
Sold price on recordRexMont Market Signal $775,000
Closed sale price · as of April 16, 2026, the day it sold.
Market Signal since the sale
$742,807
Likely $644,128 – $806,593 · tight read · as of November 1, 2026
Estimate, not an appraisal.
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID; King County Assessor records.
Your home value, prepared by the designated broker
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Watching: Federal Way $620K–$930K · 5+ bd
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Listing Broker: Olympic View Realty; Elena A. Neely; 206-992-0654
Buyer Broker: John L. Scott Snohomish
About this home
Striking from the moment you enter, this beautifully updated 5-bedroom residence is nestled in the sought-after Twin Lakes neighborhood. Thoughtfully renovated and impeccably maintained, the home offers refined living spaces, generous storage, and exceptional versatility for modern living. The open-concept main level flows effortlessly, creating an inviting setting for both everyday living and entertaining. Expansive living areas on both levels provide flexibility for extended living, guests, or a potential MIL setup. Recent upgrades include new flooring and plush carpet throughout, abundant natural light, and a beautifully remodeled kitchen with an inviting eat-in dining area. The spacious primary suite features a well-organized closet with custom built-ins and a private bath, while a downstairs bedroom offers the added convenience of a walk-in closet. Downstairs laundry and ample storage enhance everyday functionality, and the oversized garage provides additional space for storage or hobbies. Outdoors, enjoy a private, fully fenced backyard with brand-new cedar fencing, a patio, and an upper back deck—perfect for relaxing evenings or hosting gatherings. Move-in ready and thoughtfully updated, this home blends comfort, flexibility, and timeless style in one of the area's most desirable communities.
Listed by Elena A. Neely • Olympic View Realty
Listing updated: May 17, 2026 at 04:03am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2483518
Around this home
Property details
Interior features
- Bath Off Primary
- Ceiling Fan(s)
- Dbl Pane/Storm Window
- Dining Room
- Fireplace
- Walk-In Closet(s)
- 2 fireplaces (wood burning)
- Daylight, Finished basement
Kitchen
- Dishwasher
- Disposal
- Microwave
- Refrigerator
Bedrooms
- 5 bedrooms total
- 3 on the main level
- 2 on the lower level
Bathrooms
- 2 full bathrooms
- 1 three-quarter bathroom (shower, no tub)
- 2.75 bathrooms total (NWMLS count)
- 2 on the main level
Layout
- 1 Story w/Bsmnt.
- 2,760 sq ft finished
- 620 sq ft garage
Flooring
- Ceramic Tile
- Carpet
Heating & cooling
- 90%+ High Efficiency heating
- Central Air cooling
Schools
Ratings via SchoolDigger- Olympic View Elementary SchoolPublic · Grades K-8 · 0.2 mi · State rank 1,038 of 1,1381/10
- Lakota Middle SchoolPublic · Grades 6-8 · 0.8 mi · State rank 295 of 5144/10
- Decatur High SchoolPublic · Grades 9-12 · 0.5 mi · State rank 338 of 3962/10
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Single-family home facts
As entered by the listing broker on Northwest MLS
Lot & site
- Topography
- Partial Slope
- Faces
- East
Systems
- Energy source
- Natural Gas
- Power production
- Natural Gas
- Irrigation water rights
- No
Rooms & extras
- Fireplaces on main
- 1
- Fireplaces lower level
- 1
New construction
- Construction methods
- Standard Frame
- Square footage source
- Realist
- Lot size source
- Realist
Manufactured home
- Land lease
- No
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.
Opens with the report above.
Sales & Tax Records for 32527 23rd Avenue SW
NWMLS via MLS Grid · King County AssessorEvery 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.
- Apr 16, 2026SoldNWMLS via MLS Grid · #2483518$775,000$281/sq ft
- Mar 17, 2026PendingNWMLS via MLS Grid · #2483518$775,000$281/sq ft
- Mar 5, 2026ListedNWMLS via MLS Grid · #2483518$775,000$281/sq ft
- Oct 5, 2021SoldNWMLS via MLS Grid · #1832616$675,000$245/sq ft
- Sep 5, 2021PendingNWMLS via MLS Grid · #1832616$599,950$217/sq ft
- Aug 31, 2021ListedNWMLS via MLS Grid · #1832616$599,950$217/sq ft
Market pulse
Federal Way is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 78 days.
Recent sales nearby
Within 1 mile · last 6 months$504,500 Sold
1 week ago
3 bd•2.25 ba•~1,490 sq ft•Single Family
32454 22nd Avenue SW, Federal Way, WA 98023
1%
Over list
44
Days on market
0.1 mi
Distance
$490,000 Sold
1 week ago
3 bd•1 ba•~1,410 sq ft•Single Family
33211 26th Avenue SW, Federal Way, WA 98023
1%
Over list
57
Days on market
0.4 mi
Distance
$585,000 Sold
2 weeks ago
4 bd•1.5 ba•~2,150 sq ft•Single Family
33907 23rd Avenue SW, Federal Way, WA 98023
0%
Over list
60
Days on market
0.9 mi
Distance
$587,500 Sold
2 weeks ago
5 bd•2.75 ba•~2,000 sq ft•Single Family
919 SW 319th Place, Federal Way, WA 98023
0%
Over list
69
Days on market
0.8 mi
Distance
$465,000 Sold
2 weeks ago
3 bd•1.5 ba•~1,320 sq ft•Single Family
2524 SW 325th Place, Federal Way, WA 98023
7%
Under list
105
Days on market
0.1 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 agentMarket data from MLS GRID / NWMLS · Updated Nov 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 November 6, 2026 at 4:09 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.
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