$1,225,000
Listed at $1,279,0005 bd•3.25 ba•3,350 sq ft
505 SW 366th Street, Federal Way, WA 98023
• Listed Jun 19, 2026
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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.
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 SchoolDiggerSchool information is unavailable for this listing. School boundaries can change, so verify the assigned schools 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.
Opens with the report above.
Sales & Tax Records for 505 SW 366th Street
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.
- Sep 1, 2026SoldNWMLS via MLS Grid · #2535682$1,225,000$366/sq ft
- Aug 2, 2026PendingNWMLS via MLS Grid · #2535682$1,279,000$382/sq ft
- Aug 2, 2026Price reducedNWMLS via MLS Grid · #2535682$1,279,000$382/sq ft
- Jun 19, 2026ListedNWMLS via MLS Grid · #2535682$1,395,000$416/sq ft
- Dec 28, 2023SoldNWMLS via MLS Grid · #2039808$1,219,950$364/sq ft
- Jun 21, 2023Recorded saleKing 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.
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$485,000 Sold
2 weeks ago
3 bd•1.75 ba•~1,200 sq ft•Single Family
1404 SW 360th Street, Federal Way, WA 98023
2%
Over list
95
Days on market
0.7 mi
Distance
$569,000 Sold
5 weeks 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
5 weeks 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
6 weeks 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
$915,000 Sold
6 weeks ago
4 bd•3.25 ba•~3,265 sq ft•Single Family
35816 2nd Avenue SW, Federal Way, WA 98023
1%
Under list
85
Days on market
0.5 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 October 2, 2026 at 04:03am (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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