$1,000,000
Est. $5,168/mo5 bd•2.75 ba•3,060 sq ft
31422 7th Place Sw, Federal Way, WA 98023
• Listed 2026-07-23•New today
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Welcome to this exceptional gated Mirror Lake home offering 40 feet of shoreline, breathtaking water views, and thoughtfully designed spaces with hardwood floors and custom details throughout. The gourmet kitchen is beautifully appointed with Silestone countertops, stainless steel appliances, a beverage refrigerator, breakfast bar, and a large sunny eating nook. French doors open to a private courtyard and garden, creating a seamless connection between indoor and outdoor living. The main floor features a convenient bedroom and a versatile office, gym, or hobby room. The inviting living room showcases crown molding, a gas fireplace, and unobstructed lake views. Upstairs, the spacious primary suite offers a walk-in closet and a spa-inspired bath featuring a soaking tub, heated towel rack, bidet, and skylight. Outside, enjoy the expansive deck with a hot tub, outdoor shower, and peaceful lakefront surroundings perfect for recreation or quiet evenings. A 910 sq ft detached garage and 600 sq ft covered RV carport provide exceptional storage and flexibility. This remarkable waterfront property combines timeless comfort, quality finishes, and an outstanding setting for enjoying the beauty of Mirror Lake. Mortgage savings may be available for buyers of this listing.
Listed by Troy Rothermel • Redfin
Listing updated: September 7, 2026 at 01:27pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2558095
31422 7th Place Sw, 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
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.
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
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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.
$205,000 Sold
5 weeks ago
•Single Family
1248 Sw 312th Street, Federal Way, WA 98023
18%
Under list
—
Days on market
0.4 mi
Distance
$650,000 Sold
4 months ago
3 bd•2.5 ba•~2,020 sq ft•Single Family
32026 11th Avenue Sw, Federal Way, WA 98023
0%
Over list
—
Days on market
0.5 mi
Distance
$535,000 Sold
5 months ago
2 bd•1.75 ba•~1,100 sq ft•Single Family
505 Sw 305th Place, Federal Way, WA 98023
2%
Over list
—
Days on market
0.6 mi
Distance
$550,000 Sold
5 months ago
3 bd•1.5 ba•~1,340 sq ft•Single Family
206 Sw 303rd Street, Federal Way, WA 98023
0%
Over list
—
Days on market
0.8 mi
Distance
$501,000 Sold
5 months ago
2 bd•1.5 ba•~1,200 sq ft•Single Family
31806 10th Place Sw, Federal Way, WA 98023
3%
Over list
—
Days on market
0.3 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 Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 7, 2026 at 01:27pm (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.
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
Open houses
8 dates$980,000
-$20,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $645K and $996K.
Rental earnings
$2,950/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$692,000Last sold price
32104 2nd Avenue Sw, Federal Way, WA 98023
$820,000Last sold price
808 Sw 328th Court, 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.
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