$965,000
Listed at $1,000,0004 bd•2 ba•2,020 sq ft
5118 Sw 311 Place, Federal Way, WA 98023
• Listed 2026-04-29
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.
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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
Open houses
No upcoming open houses scheduled for this property.
$640,000
-$325,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $584K and $670K.
Rental earnings
$1,925/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$670,000Last sold price
4528 Sw 316th Place, Federal Way, WA 98023
$584,000Last sold price
31609 41st Avenue Sw, Federal Way, WA 98023
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
Neighborhood mobility
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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: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 10 days.
$600,000 Sold
3 weeks ago
3 bd•2.5 ba•~1,810 sq ft•Single Family
31646 45th Place Sw, Federal Way, WA 98023
0%
Over list
—
Days on market
0.5 mi
Distance
$765,000 Sold
7 weeks ago
4 bd•2.5 ba•~3,680 sq ft•Single Family
4059 Sw 321st Street, Federal Way, WA 98023
1%
Under list
—
Days on market
0.9 mi
Distance
$2,300 Sold
8 weeks ago
2 bd•Single Family
4514 Sw 319th Place #d, Federal Way, WA 98023
0%
Over list
—
Days on market
0.6 mi
Distance
$675,000 Sold
2 months ago
4 bd•2.5 ba•~1,750 sq ft•Single Family
4136 Sw 321st St, Federal Way, WA 98023
1%
Under list
—
Days on market
0.8 mi
Distance
$660,000 Sold
3 months ago
4 bd•1.5 ba•~1,824 sq ft•Single Family
31421 41st Avenue Sw, Federal Way, WA 98023
2%
Over list
—
Days on market
0.7 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 Jul 2026
Federal Way School District
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.
