$965,000
Listed at $1,000,0004 bd•2 ba•2,020 sq ft
5118 SW 311 Place, Federal Way, WA 98023
• Listed Apr 29, 2026
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Listing Broker: John L. Scott, Inc.; Allison Pringle; 360-876-7600
Buyer Broker: RE/MAX Northwest
About this home
Perched to capture sweeping, unobstructed panorama views of Puget Sound, this iconic Pacific Northwest retreat is ready for its next chapter. Offered in its original condition, this home is ideal for buyers seeking a chance to renovate, restore, or reimagine a view property into their dream residence. Solid bones, timeless character, and endless potential make this a standout investment opportunity. The expansive unfinished 1,280 sq ft basement adds exceptional flexibility and value, ideal for a workshop, studio, wine cellar, fitness space, storage, or future expansion. Existing plumbing for an additional bathroom opens the door to even more possibilities. Enjoy seamless indoor-outdoor living with a spacious view deck, perfect for entertaining, relaxing, or morning coffee, soak in the incredible scenery year-round. Conveniently located with easy access to light rail (5 miles), Seattle/Tacoma airport (15 miles), shopping, parks, and commuter routes, this home offers a rare combination of peaceful living and unbeatable accessibility.
Listed by Allison Pringle • John L. Scott, Inc.
Listing updated: July 6, 2026 at 04:05am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2515671
Around this home
Property details
Interior features
- Dbl Pane/Storm Window
- Fireplace
- Pantry
- Vaulted Ceiling(s)
- Walk-In Closet(s)
- Water Heater
- 2 fireplaces (wood burning)
- Daylight, Unfinished basement
Kitchen
- Dishwasher
- Double Oven
- Dryer
- Refrigerator
- Stove(s)/Range(s)
- Washer
Bedrooms
- 4 bedrooms total
- 3 on the main level
- 1 upstairs
Bathrooms
- 2 full bathrooms
- 1 on the main level
Layout
- 2 Stories w/Bsmnt
- 2,020 sq ft finished, 1,280 sq ft unfinished
- 500 sq ft garage
Flooring
- Hardwood
- Stone
- Vinyl
- Carpet
Heating & cooling
- Forced Air heating
- Forced Air cooling
Schools
Ratings via SchoolDiggerFederal Way School District
- Buyer To VerifyPublic · Grades Elementary—
- Buyer To VerifyPublic · Grades Middle—
- Buyer To VerifyPublic · 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.
Single-family home facts
As entered by the listing broker on Northwest MLS
Lot & site
- Vegetation
- Brush
- Zoning jurisdiction
- City
Systems
- Energy source
- Electric
- Power production
- Electric
- Water heater
- Electric
- Water heater location
- Basement
- Irrigation water rights
- No
Rooms & extras
- Bathtubs
- 2
- Showers
- 2
- Fireplaces on main
- 1
- Fireplaces lower level
- 1
- Excluded items
- No
New construction
- Square footage source
- County
- Lot size source
- county
- Effective year built source
- Public Records
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 5118 SW 311 Place
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.
- Jun 5, 2026SoldNWMLS via MLS Grid · #2515671$965,000$478/sq ft
- May 19, 2026PendingNWMLS via MLS Grid · #2515671$1,000,000$495/sq ft
- May 19, 2026Price reducedNWMLS via MLS Grid · #2515671$1,000,000$495/sq ft
- Apr 29, 2026ListedNWMLS via MLS Grid · #2515671$1,025,000$507/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: 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 58 days.
Recent sales nearby
Within 1 mile · last 6 months$825,000 Sold
1 week ago
4 bd•3 ba•~2,970 sq ft•Single Family
5201 SW 318th Court, Federal Way, WA 98023
5%
Under list
69
Days on market
0.5 mi
Distance
$616,000 Sold
1 week ago
4 bd•1.75 ba•~1,860 sq ft•Single Family
4911 SW 324th Place, Federal Way, WA 98023
1%
Over list
41
Days on market
0.8 mi
Distance
$930,000 Sold
6 weeks ago
4 bd•2.75 ba•~3,000 sq ft•Single Family
31324 43rd Place SW, Federal Way, WA 98023
0%
Over list
36
Days on market
0.5 mi
Distance
$1,240,000 Sold
6 weeks ago
6 bd•3.5 ba•~4,590 sq ft•Single Family
30809 36TH Court SW, Federal Way, WA 98023
1%
Under list
98
Days on market
0.9 mi
Distance
$865,000 Sold
6 weeks ago
4 bd•2.75 ba•~2,750 sq ft•Single Family
31333 43rd Place SW, Federal Way, WA 98023
3%
Under list
70
Days on market
0.4 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
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of July 6, 2026 at 04:05am (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.
© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
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