$700,000
Est. $3,551/mo3 bd•0.5 ba•1,640 sq ft
2516 S 367th Place, Federal Way, WA 98003
• Listed 2026-05-08•4 days on market
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Based on information submitted to the MLS GRID as of June 1, 2026 at 4:00 AM PDT (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.
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Nestled in a quiet and established neighborhood, this beautifully maintained tri-level residence offers the perfect blend of comfort, functionality, and lifestyle convenience. Ideally located just minutes from Five Mile Lake Park, this home provides easy access to outdoor recreation while still enjoying a peaceful residential setting.Inside, you’ll find a thoughtfully designed layout featuring 3 spacious bedrooms, a welcoming living room, and an additional family room that offers flexible space for entertaining, relaxing, or working from home. A cozy fireplace serves as the heart of the home, creating a warm and inviting atmosphere year-round.The bright and airy dining area is truly a standout, highlighted by expansive panoramic windows that flood the space with natural light and create an effortless connection to the outdoors.Step outside to enjoy multiple outdoor living spaces, including both front and backyard deck and patio areas, perfect for morning coffee, summer gatherings, or quiet evenings under the sky. The outdoor setup enhances both curb appeal and everyday livability.A unique bonus to this property is the detached shed, thoughtfully converted into a personal gym space, ideal for fitness, hobbies, or a private retreat.With its convenient location, versatile floor plan, abundant natural light, and rare lifestyle features, this home offers an exceptional opportunity for comfortable living in a highly desirable area.
Listed by Vadim Polishchuk • Skyline Properties, Inc.
Listing updated: May 27, 2026 at 01:29pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2519290
Open houses
2 dates5 recent nearby sales, priced between $650K and $750K.

$666,319Last sold price
37448 29th Avenue S #19, Federal Way, WA 98003

$685,984Last sold price
37462 29th Avenue S #18, Federal Way, WA 98003

$650,000Last sold price
3049 S 374th Street #lot52, Federal Way, WA 98003
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$4,251 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedEstimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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$729,950
37008 20th Avenue S, Federal Way, WA 98003
Josh Kumar · Windermere RE/Lake Tapps, Inc

$770,000
1952 S 371st Pl, Federal Way, WA 98003
Dianne Adkins · Windermere Prof Partners

$729,800
37309 29th Place S, Federal Way, WA 98003
Kyong E. Kwon · Berkshire Hathaway HS NW

$564,950
2512 S 361 Street, Federal Way, WA 98003
Tamara Emerson · Real Broker LLC

$850,000
36020 21st Lane S, Federal Way, WA 98003
Igor Mayster · John L. Scott R.E.Tacoma North

$575,000
37135 2nd Avenue Sw, Federal Way, WA 98023
Kristin Hood · We Lakeside
Federal Way is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
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 38 days.
Want a deeper read on this market?
Ask a RexMont agentMarket data via RentCast · Updated Jun 2026
Schools shown are the nearest public Elementary, Middle, and High school for this property. School district boundaries change — verify the assigned school with the district before purchasing.