$1,395,000
Est. $7,032/mo5 bd•1 ba•3,350 sq ft
505 Sw 366th Street, Federal Way, WA 98023
• Listed 2026-06-19•New today
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Based on information submitted to the MLS GRID as of June 20, 2026 at 08:15pm (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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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: June 20, 2026 at 08:15pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2535682
Open houses
2 datesNearby open houses (2)
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Open Sun, Jun 2111:00 AM – 5:00 AM
$1.03M5 bd · 3 ba · 2,964 sqft
34248 Sw 19th (lot 27) Avenue Sw, Federal Way, WA 98023
$1,119,000
-$276,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $735K and $1.03M.
Rental earnings
$3,350/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$978,990Last sold price
36521 Sw 3rd Place Street #4, Federal Way, WA 98023
$1,030,000Last sold price
36515 3rd Place Sw #5, 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.
505 Sw 366th Street, Federal Way, WA 98023
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
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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: Days-on-market data not available for this area.
$567,000 Sold
3 months ago
3 bd•2.5 ba•~1,790 sq ft•Single Family
1223 Sw 353rd Street, Federal Way, WA 98023
1%
Under list
—
Days on market
0.9 mi
Distance
$588,500 Sold
5 months ago
3 bd•2 ba•~1,444 sq ft•Single Family
35616 15th Ave Sw, Federal Way, WA 98023
1%
Over list
—
Days on market
0.8 mi
Distance
$490,000 Sold
5 months ago
3 bd•2 ba•~1,232 sq ft•Single Family
36935 4th Avenue Sw, Federal Way, WA 98023
2%
Over list
—
Days on market
0.3 mi
Distance
$550,000 Sold
6 months ago
2 bd•1 ba•~940 sq ft•Single Family
37226 1st Avenue Sw, Federal Way, WA 98023
0%
Over list
—
Days on market
0.5 mi
Distance
$885,000 Sold
6 months ago
4 bd•2.5 ba•~2,850 sq ft•Single Family
709 Sw 353rd Place, Federal Way, WA 98023
3%
Under list
—
Days on market
0.8 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 Jun 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
