$300,000
Est. $1,515/mo3 bd•1 ba•1,720 sq ft
4400 Sw 313th Street, Federal Way, WA 98023
• Listed 2026-07-10•New today
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Based on information submitted to the MLS GRID as of July 11, 2026 at 05:03am (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.
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Rare opportunity to unlock the potential of this level 13,375 SF corner lot in the highly desirable Dash Point area of Federal Way. Whether you're a builder, developer, investor, or ambitious buyer looking to create sweat equity, this property offers exceptional upside. The existing home is not currently habitable and is being sold as-is, making this an ideal candidate for redevelopment, renovation, or your next investment project. Sewer is connected, and utilities are on site. The level location provides excellent access, visibility, and flexibility for a variety of future possibilities (buyer to verify). Ideally located just minutes from Dash Point State Park, Puget Sound, shopping, dining, schools, parks, transit, and I-5, this property combines an outstanding location with tremendous potential. Large in-city parcels in Dash Point with this much opportunity are increasingly difficult to find. Bring your vision and explore the possibilities. Buyer to verify all information, including zoning, permitted uses, utilities, and development potential to their satisfaction.
Listed by Sean Morris • KW Lake Washington So
Listing updated: July 11, 2026 at 05:03am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2551435
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (2)
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Open Sat, Jul 11
Open Sat, Jul 11$657,000
+$357,000 over list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $565K and $590K.
Rental earnings
$1,975/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$590,000Last sold price
4736 Sw 314th Place, Federal Way, WA 98023
$580,000Last sold price
31451 48th Place 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.
4400 Sw 313th 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.
Neighborhood mobility
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$2,029 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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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 9 days.
$675,000 Sold
7 weeks 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
0.6 mi
Distance
$695,000 Sold
2 months ago
4 bd•2 ba•~2,770 sq ft•Single Family
4104 Sw 327th Place, Federal Way, WA 98023
1%
Under list
—
Days on market
1.0 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
0.3 mi
Distance
$1,450,000 Sold
3 months ago
4 bd•1.5 ba•~3,510 sq ft•Single Family
5330 Sw 315th Street, Federal Way, WA 98023
3%
Under list
—
Days on market
0.5 mi
Distance
$736,000 Sold
5 months ago
4 bd•1 ba•~1,550 sq ft•Single Family
5147 Sw 311th Place, Federal Way, WA 98023
2%
Over list
—
Days on market
0.4 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.
