$895,000
Est. $4,615/mo1 bd•1 ba•1,020 sq ft
7005 Johnson Road Ne, Federal Way, WA 98003
• Listed 2026-08-04•4 days on market
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Based on information submitted to the MLS GRID as of August 5, 2026 at 10:57am (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 own 6.84 picturesque acres (297,950± sq. ft.) in one of the South Sound's most desirable and accessible locations, with easy access to I-5, SR-18, Federal Way, and Milton. This versatile property blends privacy, natural beauty, and future investment potential.The gently rolling landscape offers potential for expansive open pasture, with mature trees and many fruit trees along the perimeter—ideal for an equestrian estate, hobby farm, private retreat, or legacy family compound. There's ample room for horses, livestock, barns, riding arenas, gardens, vineyards, or additional outbuildings.Existing improvements include a charming 1920 farmhouse (approx. 1,050 sq. ft.) ready for restoration or replacement, plus an 820 sq. ft. garage/barn/shop with office space or potential living quarters above. The home is served by septic, with public sewer available at the property corner for added flexibility.Zoned RS35.0, the property may offer potential for a 5–6 lot short plat (buyer to verify with the appropriate jurisdiction)—a rare find for builders, developers, or investors. Zoning also allows single-family residences, daycare, senior care, and other compatible uses.Whether your vision is an elegant country estate, premier equestrian property, or a prime development opportunity, this one-of-a-kind offering delivers rural serenity with urban accessibility, just minutes from shopping, dining, and major commuter routes.
Listed by Jesse Paulson • RE/MAX Northwest
Listing updated: August 5, 2026 at 10:57am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2564765
Open houses
No upcoming open houses scheduled for this property.
$878,000
-$17,000 under list price
Nearby comparable homes
RexMont uses 2 strongest recent nearby sales, priced between $510K and $610K.
Rental earnings
$2,625/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$510,000Last sold price
1420 S 359th Street, Federal Way, WA 98003
$610,000Last sold price
1816 S 312th Street, Federal Way, WA 98003
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.
7005 Johnson Road Ne, Federal Way, WA 98003
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.
$5,325 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: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 11 days.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Aug 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.
