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Listed by Claire Kather • WaLaw Realty LLC.
FOR SALE

$1,140,000

Est. $6,315/mo

Price reduced $85,000 from the original $1,225,000 asking price

3 bd•2.25 ba•3,100 sq ft

505 S Marine View Way, Federal Way, WA 98003

• Listed Aug 26, 2026•217 days active · 217 cumulative

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★★★★★5.0·1,242 Google reviews

Listing Broker: WaLaw Realty LLC; Claire Kather; 425-223-7197; claire@walawrealty.com

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Listing Broker: WaLaw Realty LLC; Claire Kather; 425-223-7197; claire@walawrealty.com

About this home

Imagine Puget Sound sunsets across your sweeping view of the sound from your private stately residence. Situated on a winding corner lot sitting high above the neighboring homes, this jewel of Marine Hills commands your admiration. Spread across three levels, this home features three bedrooms including a full top floor birds nest primary suite with huge ensuite and unique central jetted tub sure to catch the relaxing water view. Main floor offers a large living room anchored by an inviting gas fireplace and an open kitchen with both a formal dining room and a cozy eat-in breakfast nook all surrounded by a wrap around deck sure to take advantage of year round wildlife and water watching. Large 1/3 acre lot with mature landscaping sits high above the street for privacy with both a flat grassy area for activities or lounging and partitioned terraces for gardening and flora. Spacious 2 car garage and A/C! Optional membership to Marine Hills swim and tennis club.

Property type
Single Family
Year built
1981
Interior
3,100 sq ft
Lot size
0.2968 acres
Parking
2-car garage
Price / sq ft
$368
Heating90%+ High Efficiency, Forced Air, Wall Furnace
CoolingCentral Air
Property taxes$11,157/yr (est.)
School districtFederal Way

Listed by Claire Kather • WaLaw Realty LLC

Listing updated: September 24, 2026 at 06:27pm

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2574278

Around this home

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505 S Marine View Way, Federal Way, WA 98003

List price
$1,140,000
Down payment
$228,000

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Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.

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.

Property details

Interior features

  • Bath Off Primary
  • Ceiling Fan(s)
  • Dbl Pane/Storm Window
  • Dining Room
  • Fireplace
  • Jetted Tub
  • Skylight(s)
  • Vaulted Ceiling(s)
  • Walk-In Closet(s)
  • 2 fireplaces (gas)
  • Finished basement

Kitchen

  • Dishwasher
  • Double Oven
  • Dryer
  • Microwave
  • Refrigerator
  • Stove(s)/Range(s)
  • Washer

Bedrooms

  • 3 bedrooms total
  • 1 upstairs
  • 2 on the lower level

Bathrooms

  • 1 full bathroom
  • 1 three-quarter bathroom (shower, no tub)
  • 1 half bathroom
  • 2.25 bathrooms total (NWMLS count)
  • 1 on the main level

Layout

  • Multi Level
  • 3,100 sq ft finished
  • 530 sq ft garage

Flooring

  • Ceramic Tile
  • Hardwood
  • Carpet

Heating & cooling

  • 90%+ High Efficiency heating
  • Forced Air heating
  • Wall Furnace heating
  • Central Air cooling

Single-family home facts

As entered by the listing broker on Northwest MLS

Lot & site

Topography
Sloped,Terraces
Vegetation
Fruit Trees, Garden Space
Faces
Northwest

Systems

Energy source
Electric,Natural Gas
Power production
Electric, Natural Gas
Power company
PSE
Water company
Lakehaven
Sewer company
Lakehaven
Gas company
PSE
Garbage service
Waste Management
Irrigation water rights
No
Internet connected
Comcast Xfinity

Rooms & extras

Bathtubs
1
Showers
1
Fireplaces on main
1
Fireplaces lower level
1

New construction

Square footage source
KCR
Lot size source
KCr

Manufactured home

Land lease
No

Neighborhood mobility

Walk, bike & transit scores

Source: Walk Score®, Bike Score® and Transit Score® are provided by Walk Score (walkscore.com), a third-party service. This is not Northwest MLS listing data.

Schools

Ratings via SchoolDigger

School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.

Sales & Tax Records for 505 S Marine View Way

NWMLS via MLS Grid · King County Assessor

Every listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.

  1. Sep 25, 2026
    Price reduced
    NWMLS via MLS Grid · #2574278
    $1,140,000
    $368/sq ft
  2. Aug 26, 2026
    Listed
    NWMLS via MLS Grid · #2574278
    $1,225,000
    $395/sq ft
  3. Oct 26, 2021
    Sold
    NWMLS via MLS Grid · #1849700
    $1,236,000
    $399/sq ft
  4. Oct 13, 2021
    Pending
    NWMLS via MLS Grid · #1849700
    $1,195,000
    $385/sq ft
  5. Oct 7, 2021
    Listed
    NWMLS via MLS Grid · #1849700
    $1,195,000
    $385/sq ft
  6. Jan 9, 1992
    Recorded sale
    King County recorder · Warranty deed
    $357,500
    $115/sq ft

Mortgage payment forecast

$7,530 per month

Great rate
Principal and interest
Property taxes
HOA dues
Home insurance

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Source: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.

Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.

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Listing Broker: WaLaw Realty LLC; Claire Kather; 425-223-7197; claire@walawrealty.com

Market pulse

Federal Way is a balanced market.

Supply and demand are roughly in balance. Neither side has a clear edge.

Buyer's marketSeller's market
  • 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 58 days.

Recent sales nearby

Within 1 mile · last 6 months
  • $925,000 Sold

    3 days ago

    3 bd•2.25 ba•~2,740 sq ft•Single Family

    602 S 288th Lane, Federal Way, WA 98003

    3%

    Under list

    68

    Days on market

    0.1 mi

    Distance

  • $935,809 Sold

    1 week ago

    5 bd•3 ba•~2,983 sq ft•Single Family

    30302 11th Place S, Federal Way, WA 98003

    0%

    Over list

    235

    Days on market

    0.9 mi

    Distance

  • $579,500 Sold

    1 week ago

    3 bd•1.25 ba•~1,180 sq ft•Single Family

    28546 20th Avenue S, Federal Way, WA 98003

    0%

    Over list

    53

    Days on market

    1.0 mi

    Distance

  • $1,025,000 Sold

    1 week ago

    3 bd•2.5 ba•~2,670 sq ft•Single Family

    30015 1st Place S, Federal Way, WA 98003

    7%

    Under list

    117

    Days on market

    0.7 mi

    Distance

  • $700,000 Sold

    2 weeks ago

    5 bd•2.75 ba•~2,700 sq ft•Single Family

    1404 S 290th Place, Federal Way, WA 98003

    3%

    Under list

    133

    Days on market

    0.6 mi

    Distance

Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.

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Market data from MLS GRID / NWMLS · Updated Oct 2026

MLS GRID Disclaimer

Based on information submitted to the MLS GRID as of September 24, 2026 at 06:27pm (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.

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