$1,650,000
Est. $9,139/mo3 bd•2.25 ba•2,640 sq ft
5112 SW 311th Place, Federal Way, WA 98023
• Listed Sep 10, 2026•31 days active · 31 cumulative
Listing Broker: WeLakeside; Mona Zhang; 612-453-9330; info@ubrpm.com
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Listing Broker: WeLakeside; Mona Zhang; 612-453-9330; info@ubrpm.com
About this home
Wake up to breathtaking panoramic views of Puget Sound, the Olympic Mountains, and unforgettable sunsets from this remarkably private Federal Way waterfront retreat. Set on approximately 1.5 acres with 125 feet of no-bank waterfront, this rare property offers the space, privacy, and direct beach access that are exceptionally difficult to find. The fully renovated custom home combines timeless Northwest character with modern comfort. Expansive windows frame the water views throughout the home, while the elegant sunken living room features gracious beamed ceilings and a dramatic fireplace. The refreshed kitchen offers Corian countertops and a cozy breakfast nook, while the spacious dining area is perfectly positioned for entertaining with the Sound as your backdrop. Multiple water-view decks and an expansive patio create seamless indoor-outdoor living—ideal for morning coffee, al fresco dining, entertaining, or simply enjoying spectacular Pacific Northwest sunsets. A separate 1200 square feet cottage provides flexible space for a home office, studio, guest retreat, or additional-purpose space. A peaceful wooded trail winds through the property to an enchanting sandy beach and waterfront cabana. At low tide, explore miles of shoreline directly from your own private waterfront setting. The property also benefits from a new septic system design and approval, with installation to be completed by the new owner. The separate cottage is 1200 square feet; buyers to verify.
Listed by Mona Zhang • WeLakeside
Listing updated: September 17, 2026 at 10:54pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2580516
Around this home
How much should you offer?
5112 SW 311th Place, Federal Way, WA 98023
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
- Fireplace
- Walk-In Closet(s)
- Water Heater
- Fireplace (electric)
Kitchen
- Dishwasher
- Disposal
- Double Oven
- Dryer
- Refrigerator
- Washer
Bedrooms
- 3 bedrooms total
- 3 upstairs
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
- 2 Story
- 2,640 sq ft finished
Accessory dwelling unit
- 1 accessory dwelling unit (detached dwelling)
- 1 bd
Flooring
- Ceramic Tile
- Vinyl
- Carpet
Heating & cooling
- Forced Air heating
- Forced Air cooling
Schools
Ratings via SchoolDiggerFederal Way School District
- Twin Lakes Elementary SchoolPublic · Grades PK-5 · State rank 568 of 1,1386/10
- Lakota Middle SchoolPublic · Grades 6-8 · State rank 295 of 5144/10
- Decatur High SchoolPublic · Grades 9-12 · State rank 338 of 3962/10
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.
Single-family home facts
As entered by the listing broker on Northwest MLS
Lot & site
- Lot dimensions
- 68577
- Topography
- Terraces
- Vegetation
- Brush, Wooded
- Lot number
- 3210200205
- Zoning jurisdiction
- County
- Faces
- Northwest
Systems
- Energy source
- Electric
- Power production
- Electric
- Water heater
- Electronic
- Water heater location
- Garage
- Power company
- PSE
- Water company
- Tacoma Public Utilities
- Sewer company
- Septic
- Irrigation water rights
- No
- Internet connected
- XFinity, TMobile
Rooms & extras
- Bathtubs
- 2
- Showers
- 3
- Fireplaces on main
- 1
New construction
- Square footage source
- Public record
- Lot size source
- Public record
- Effective year built source
- Public Records
Manufactured home
- Land lease
- No
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 5112 SW 311th Place
NWMLS via MLS Grid · King County AssessorEvery 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.
- Sep 9, 2026ListedNWMLS via MLS Grid · #2580516$1,650,000$625/sq ft
- Apr 9, 2021SoldNWMLS via MLS Grid · #1672181$1,000,000$379/sq ft
- Mar 25, 2021PendingNWMLS via MLS Grid · #1672181$1,150,000$436/sq ft
- Mar 25, 2021Price reducedNWMLS via MLS Grid · #1672181$1,150,000$436/sq ft
- Nov 14, 2020ListedNWMLS via MLS Grid · #1672181$1,290,000$489/sq ft
Mortgage payment forecast
$11,019 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: 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%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: WeLakeside; Mona Zhang; 612-453-9330; info@ubrpm.com
Market pulse
Federal Way is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
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$825,000 Sold
1 week ago
4 bd•3 ba•~2,970 sq ft•Single Family
5201 SW 318th Court, Federal Way, WA 98023
5%
Under list
69
Days on market
0.5 mi
Distance
$616,000 Sold
1 week ago
4 bd•1.75 ba•~1,860 sq ft•Single Family
4911 SW 324th Place, Federal Way, WA 98023
1%
Over list
41
Days on market
0.9 mi
Distance
$930,000 Sold
6 weeks ago
4 bd•2.75 ba•~3,000 sq ft•Single Family
31324 43rd Place SW, Federal Way, WA 98023
0%
Over list
36
Days on market
0.5 mi
Distance
$1,240,000 Sold
6 weeks ago
6 bd•3.5 ba•~4,590 sq ft•Single Family
30809 36TH Court SW, Federal Way, WA 98023
1%
Under list
98
Days on market
1.0 mi
Distance
$865,000 Sold
6 weeks ago
4 bd•2.75 ba•~2,750 sq ft•Single Family
31333 43rd Place SW, Federal Way, WA 98023
3%
Under list
70
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 Oct 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 17, 2026 at 10:54pm (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.
HO
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