$425,000
Est. $2,354/mo1111 Enchanted Pkwy S, Federal Way, WA 98003
• Listed Mar 21, 2026•210 days active · 210 cumulative
Listing Broker: eXp Realty; Maxwell Andrew Donaldson; 206-830-0479; maxwell.donaldson@exprealty.com
Talk to a local RexMont expert
A local broker replies within minutes
Listing Broker: eXp Realty; Maxwell Andrew Donaldson; 206-830-0479; maxwell.donaldson@exprealty.com
About this home
Perfectly positioned flat corner lot with hundreds of feet of street frontage on north bound SR 161 Enchanted pkwy, right next to I-5. With around 33,000 sqft of usable land for both commercial and multi family use, Gas stations, retail, apartments, condos, hotels or a combination of the 2 are all a go for this lot. Approximately 41,000 cars traveling past this parcel daily, with new developed neighborhoods to the east, creating huge value for any type of commercial use. Land has been partially cleared with setbacks marked.
Listed by Maxwell Andrew Donaldson • eXp Realty
Listing updated: October 17, 2026 at 01:16pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2495870
Around this home
How much should you offer?
1111 Enchanted Pkwy S, Federal Way, WA 98003
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
- Comm/Industrial
Schools
Ratings via SchoolDigger- Lakeland Elementary SchoolPublic · Grades PK-5 · 0.8 mi · State rank 611 of 1,1384/10
- Sequoyah Middle SchoolPublic · Grades 6-8 · 1.0 mi · State rank 437 of 5142/10
- Todd Beamer High SchoolPublic · Grades 9-12 · 0.3 mi · State rank 324 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.
Vacant land facts
As entered by the listing broker on Northwest MLS
Lot
- Acres
- 1.45 acres
- Lot square feet
- 63,162 sq ft
- Topography
- Level
- Lot details
- Paved
Zoning & use
- Zoning code
- NB
- Zoning description
- Business,Commercial,Multi-Family
- Zoning jurisdiction
- County
- Possible use
- Business, Commercial, Multi-Family
- Restrictions
- No Restrictions
Utilities
- Utilities
- Electricity Available, Natural Gas Available
- Electricity
- In Street
- Gas
- Available
- Water
- Available, In Street
- Sewer
- In Street
Road & access
- Road surface
- Paved
- Road information
- Paved
- Road on which side
- west
Surveys & reports
- Sketch submitted
- No
Water & irrigation
- Waterfront
- No
- Irrigation water rights
- No
Taxes & assessment
- Annual taxes
- $1,502
- Tax year
- 2026
- Senior exemption
- No
- Financing
- See Remarks
- 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.
Opens with the report above.
Sales & Tax Records for 1111 Enchanted Pkwy S
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.
- Mar 21, 2026ListedNWMLS via MLS Grid · #2495870$425,000
- May 13, 2016Recorded saleKing County recorder · Statutory warranty deed$200,000
- Sep 12, 2014SoldNWMLS via MLS Grid · #616438$150,000
- Jul 8, 2014PendingNWMLS via MLS Grid · #616438$149,900
- Apr 9, 2014ListedNWMLS via MLS Grid · #616438$149,900
- Sep 19, 1996Recorded saleKing County recorder · Statutory warranty deed$250,000
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.
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
$2,585 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: 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%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: eXp Realty; Maxwell Andrew Donaldson; 206-830-0479; maxwell.donaldson@exprealty.com
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 69 days.
Recent sales nearby
Within 1 mile · last 6 months$500,000 Sold
1 week ago
3 bd•2.5 ba•~1,570 sq ft•Single Family
35741 23rd Place S, Federal Way, WA 98003
0%
Over list
—
Days on market
0.3 mi
Distance
$675,000 Sold
1 week ago
4 bd•2.75 ba•~2,280 sq ft•Single Family
37243 20th Avenue S, Federal Way, WA 98003
0%
Over list
70
Days on market
0.8 mi
Distance
$197,000 Sold
2 weeks ago
3 bd•1.75 ba•Single Family
2500 S 370th Street #170, Federal Way, WA 98003
1%
Under list
149
Days on market
0.5 mi
Distance
$70,000 Sold
3 weeks ago
2 bd•1.75 ba•Single Family
2500 S 370th Street #117, Federal Way, WA 98003
1%
Over list
29
Days on market
0.5 mi
Distance
$685,000 Sold
3 weeks ago
4 bd•3 ba•~2,301 sq ft•Single Family
37008 20th Avenue S, Federal Way, WA 98003
1%
Under list
131
Days on market
0.6 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 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.
HO
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
