$849,500
Est. $4,372/mo28400 16th Avenue S, Federal Way, WA 98003
• Listed 2026-08-12•4 days on market
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Come and see! Perched among a lush canopy of trees in Federal Way’s coveted Redondo neighborhood, this loaded property offers incredible income potential. Spanning 3,852 square feet, this exceptional property is thoughtfully designed as three completely separate, fully equipped living spaces, making it the ultimate setup to live in one unit and rent the other two, host multi-generational living, or lease all three for maximum investment returns. Every single residence boasts its own private kitchen, dedicated in-unit laundry, and an expansive deck designed to soak in the tranquil treed overlook and coastal air. Inside, the home features two expansive primary residences alongside a charming studio apartment above the two-car garage. The 1,530-square-foot main-level unit and the 1,430-square-foot lower-level unit each offer two bedrooms, two bathrooms, and remarkably spacious living areas. Tucked above the garage, the 572-square-foot apartment captures true canopy views, giving tenants or guests their own secluded haven. All this comes with a detached two-car garage and plenty of extra off-street parking. Minutes from the vibrant Redondo Beach boardwalk and Saltwater State Park trails, this unique retreat combines coastal Northwest living and unmatched financial versatility with major commuter convenience, with its proximity to major commuter routes like I-5 and Route 99, shopping hubs including The Commons at Federal Way, and light rail and bus extensions.
Listed by Jerome Walters • Tribeca NW Real Estate
Listing updated: August 13, 2026 at 12:13pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2567104
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28400 16th Avenue S, Federal Way, WA 98003
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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 12 days.
$99,000 Sold
2 months ago
2 bd•1.75 ba•Single Family
2611 S 288th St #38, Federal Way, WA 98003
0%
Over list
—
Days on market
0.8 mi
Distance
$605,000 Sold
4 months ago
3 bd•2.5 ba•~1,610 sq ft•Single Family
28615 14th Avenue S, Federal Way, WA 98003
2%
Under list
—
Days on market
0.2 mi
Distance
$755,000 Sold
5 months ago
3 bd•2.5 ba•~2,000 sq ft•Single Family
2326 S 280th Place, Federal Way, WA 98003
1%
Under 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 Aug 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
