$989,500
Est. $5,087/mo4 bd•2.5 ba•3,520 sq ft
617 Sw 361st Street, Federal Way, WA 98023
• Listed 2026-07-31•New today
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Based on information submitted to the MLS GRID as of July 31, 2026 at 08:32am (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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This custom-built 4+ bedroom, 2.5 bath home offering 3,520 sq ft on a rare, larger lot is sure to impress. In one of the most sought-after neighborhoods and subdivisions of Federal Way, you will find the utmost care and comfort in community. This home has elite curb appeal as you pull up. A grand entrance with lots of natural light and an open-concept design offers a huge bonus room upstairs and an office on the main level. Nearly double the size of most lots in the area, you will love the privacy and beauty of the mature landscaping with irrigation. Absolutely fantastic location — close to the desirable Twin Lakes golf course community and clubhouse, lake, and walking paths, and just minutes from all the amenities you could want or need. Just a few minutes away from New Federal Way Light Rail with easy access to I-5 and Pacific Hwy S for commuters. Space, privacy, and a lifestyle rarely found together are waiting for you. An oversized 3+ bay garage with lots of built-in storage and plenty of extra space for parking on the gorgeous concrete driveway is a huge bonus. Call today to tour and make this dream your reality!
Listed by Stephen Janho • Windermere RE West Campus Inc
Listing updated: July 31, 2026 at 08:32am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2562454
Open houses
Nearby open houses (3)
See more →$1,190,000
+$200,500 over list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $750K and $1.03M.
Rental earnings
$3,575/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.

$750,000Last sold price
813 Sw 363rd Place, Federal Way, WA 98023

$990,490Last sold price
324 Sw 365th St #7, 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.
617 Sw 361st 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: The average home goes pending in around 9 days.
$1,265,000 Sold
3 weeks ago
4 bd•2.75 ba•~3,292 sq ft•Single Family
36520 Sw 3rd Place Street #1, Federal Way, WA 98023
3%
Under list
—
Days on market
0.3 mi
Distance
$862,000 Sold
4 weeks ago
5 bd•3 ba•~3,450 sq ft•Single Family
35638 8th Avenue Sw, Federal Way, WA 98023
4%
Under list
—
Days on market
0.3 mi
Distance
$1,015,000 Sold
5 weeks ago
4 bd•2.75 ba•~2,931 sq ft•Single Family
316 Sw 365th Street #6, Federal Way, WA 98023
5%
Under list
—
Days on market
0.3 mi
Distance
$1,550,000 Sold
8 weeks 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
$850,000 Sold
8 weeks ago
4 bd•2.5 ba•~2,680 sq ft•Single Family
417 Sw 353rd Street, Federal Way, WA 98023
1%
Over list
—
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 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.