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← Back to search results/Federal Way, WA/505 SW 366th Street
1 / 40SOLD SEP 1, 2026
Listed by Tim McKeown • Real Broker LLC. Buyer represented by Windermere Northlake.
SOLD SEP 1, 2026

$1,225,000

Listed at $1,279,000

5 bd•3.25 ba•3,350 sq ft

505 SW 366th Street, Federal Way, WA 98023

• Listed Jun 19, 2026

RexMont Market Signal for 505 SW 366th Street

Sold price on record

RexMont Market Signal $1,225,000

Closed sale price · as of September 1, 2026, the day it sold.

Market Signal since the sale

$1,247,388

Likely $1,089,119 – $1,533,225 · solid 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

Adriano ToriPrepared by Adriano ToriFounder & Designated Broker · WA Lic. #27660

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Listing Broker: Real Broker LLC; Tim McKeown; 253-495-3939; tim.mckeown.re@gmail.com

Buyer Broker: Windermere Northlake

About this home

**Price Adjustment** Welcome to South Campus Estates — a coveted enclave of newer-construction homes in Federal Way. Built in 2023 by JK Monarch, this 5-bed, 3.25-bath Modern Farmhouse Craftsman offers 3,350 sq ft on a sprawling 15,118 sq ft lot, no HOA. The great room boasts soaring 18-foot ceilings, while the chef-inspired kitchen anchors the home with a 15-foot island, custom cabinetry to the ceiling, Quartz counters, and an oversized walk-in pantry. Engineered hardwood floors and generous hallways flow throughout. Upstairs, the spacious primary suite offers two closets and an en suite bath. A second en suite bedroom with its own ¾ bath joins two more bedrooms sharing a full bath, plus a bonus loft. A main-floor bedroom with a ¾ bath nearby offers flexible guest or office space. The seller commissioned substantial post-purchase upgrades, completed by the builder — including a 4th garage bay (housing a second kitchen with ADU potential), a backyard storage shed on a concrete slab, and the upstairs ¾ bath/second en suite conversion — a true investment beyond the recorded sale price. Enjoy 4 driveway spaces plus 4 in the garage. A large covered patio with TIG cover overlooks an expansive, level backyard — a blank canvas for landscaping, a pool, or a future DADU. Catch a partial Cascade Mountain view from the front of the home. Minutes to I-5, Costco, and West Hylebos Wetlands Park, with easy access to Seattle, Tacoma, SeaTac, and Puget Sound waterfront.

Property type
Single Family
Year built
2023
Interior
3,350 sq ft
Lot size
0.3471 acres
Parking
4-car garage
Price / sq ft
$366
Heating90%+ High Efficiency, Heat Pump
Cooling90%+ High Efficiency, Heat Pump
Property taxes$10,775/yr (est.)
School districtFederal Way

Listed by Tim McKeown • Real Broker LLC

Listing updated: October 2, 2026 at 04:03am

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2535682

Around this home

Property details

Interior features

  • Second Kitchen
  • Bath Off Primary
  • Ceiling Fan(s)
  • Dbl Pane/Storm Window
  • Dining Room
  • Fireplace
  • French Doors
  • Loft
  • Pantry
  • Vaulted Ceiling(s)
  • Walk-In Closet(s)
  • Water Heater
  • Fireplace (gas)

Kitchen

  • Dishwasher
  • Disposal
  • Dryer
  • Microwave
  • Refrigerator
  • Stove(s)/Range(s)
  • Washer

Bedrooms

  • 5 bedrooms total
  • 4 upstairs
  • 1 on the lower level

Bathrooms

  • 1 full bathroom
  • 3 three-quarter bathrooms (shower, no tub)
  • 3.25 bathrooms total (NWMLS count)
  • 1 on the main level

Layout

  • 2 Story
  • 3,350 sq ft finished
  • 990 sq ft garage

Flooring

  • Ceramic Tile
  • Engineered Hardwood
  • Carpet

Heating & cooling

  • 90%+ High Efficiency heating
  • Heat Pump heating
  • 90%+ High Efficiency cooling
  • Heat Pump cooling

Schools

Ratings via SchoolDigger

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
Level,Partial Slope

Systems

Energy source
Electric,Natural Gas
Power production
Electric, Natural Gas
Water heater
Electric Hybrid
Water heater location
Garage
Power company
Puget Sound Energy
Water company
Lakehaven
Sewer company
Lakehaven
Gas company
Puget Sound Energy
Irrigation water rights
No

Rooms & extras

Bathtubs
1
Showers
4
Fireplaces on main
1

New construction

Square footage source
County Tax Records
Lot size source
County Tax 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.

Members

Opens with the report above.

Sales & Tax Records for 505 SW 366th Street

NWMLS via MLS Grid · King County Assessor

Every 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.

  1. Sep 1, 2026
    Sold
    NWMLS via MLS Grid · #2535682
    $1,225,000
    $366/sq ft
  2. Aug 2, 2026
    Pending
    NWMLS via MLS Grid · #2535682
    $1,279,000
    $382/sq ft
  3. Aug 2, 2026
    Price reduced
    NWMLS via MLS Grid · #2535682
    $1,279,000
    $382/sq ft
  4. Jun 19, 2026
    Listed
    NWMLS via MLS Grid · #2535682
    $1,395,000
    $416/sq ft
  5. Dec 28, 2023
    Sold
    NWMLS via MLS Grid · #2039808
    $1,219,950
    $364/sq ft
  6. Jun 21, 2023
    Recorded sale
    King County recorder · Warranty deed
    $260,000
    $78/sq ft

Market pulse

Federal Way is a balanced market.

Supply and demand are roughly in balance. Neither side has a clear edge.

Buyer's marketSeller's market

  • 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 79 days.

Recent sales nearby

Within 1 mile · last 6 months

  • $12,500 Sold

    3 weeks ago

    •Single Family

    3 SW 372nd Street, Federal Way, WA 98023

    0%

    Over list

    —

    Days on market

    0.4 mi

    Distance

  • $569,000 Sold

    2 months ago

    4 bd•2.5 ba•~1,780 sq ft•Single Family

    35623 9th Avenue SW, Federal Way, WA 98023

    0%

    Over list

    16

    Days on market

    0.6 mi

    Distance

  • $960,000 Sold

    2 months ago

    5 bd•2.75 ba•~3,460 sq ft•Single Family

    35826 9th Avenue SW, Federal Way, WA 98023

    1%

    Over list

    55

    Days on market

    0.5 mi

    Distance

  • $1,225,000 Sold

    2 months ago

    5 bd•3.25 ba•~3,350 sq ft•Single Family

    505 SW 366th Street, Federal Way, WA 98023

    4%

    Under list

    74

    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.

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Market 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 7, 2026 at 8:41 AM 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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© 2026 Northwest Multiple Listing Service. All rights reserved.

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