$920,000
Est. $4,754/mo4 bd•3.25 ba•2,815 sq ft
221 Sw 331st Place, Federal Way, WA 98023
• Listed 2026-07-30•6 days on market
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Welcome home to this stunning 4 bedroom, 3.25 bath home in the sought after Ride Neighborhood. Tucked away in a quiet cul-de-sac, backing to a lush greenbelt for privacy. Step inside to a bright, open floor plan where natural light pours through spacious living areas. The gourmet kitchen is at the heart of the home, ready for memorable gatherings with family and friends. Unwind in the beautifully updated primary bath, your personal spa escape. Fresh carpet has been recently installed, and the interior has been newly painted, making this home move-in-ready. Outside, a serene backyard with a gazebo invites morning coffee and evening sunsets. Complete with a 3 car garage and access to a community park, trails and sports court, this is the dream home you have been searching for. Don't miss the opportunity to make it yours!
Listed by Debra Reynolds • Real Broker LLC
Listing updated: September 3, 2026 at 10:21am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2562123
221 Sw 331st Place, 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.
$6,076 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: Days-on-market data not available for this area.
$1,550,000 Sold
3 months ago
5 bd•4 ba•~5,469 sq ft•Single Family
34529 5th Place Sw, Federal Way, WA 98023
9%
Under list
—
Days on market
1.0 mi
Distance
$4,900 Sold
4 months ago
6 bd•3.25 ba•Single Family
558 Sw 333rd Court, Federal Way, WA 98023
0%
Over list
—
Days on market
0.3 mi
Distance
$760,000 Sold
4 months ago
4 bd•2.5 ba•~2,250 sq ft•Single Family
33343 12th Avenue Sw, Federal Way, WA 98023
6%
Over list
—
Days on market
0.7 mi
Distance
$735,000 Sold
4 months ago
3 bd•2.5 ba•~2,704 sq ft•Single Family
916 Sw 341st St, Federal Way, WA 98023
2%
Under list
—
Days on market
0.8 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
0.8 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 Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 3, 2026 at 10:21am (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
2 dates$902,000
-$18,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $685K and $945K.
Rental earnings
$2,700/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$703,500Last sold price
32710 5th Avenue Sw, Federal Way, WA 98023
$685,000Last sold price
502 Sw 326th Street, 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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