$339,500
Est. $1,798/mo2 bd•1 ba
31500 33rd Place Sw #q203, Federal Way, WA 98023
• Listed Sep 22, 2026•New today
Tour this home
Request tourListing Broker: Better Properties Summit; Daniel Speltz; 253-229-6068; danieljspeltz@gmail.com
Free · no obligation · cancel anytime
Talk to a local RexMont expert
Avg response under 5 mins
Listing Broker: Better Properties Summit; Daniel Speltz; 253-229-6068; danieljspeltz@gmail.com
Light, bright and wonderfully maintained turnkey condo in the highly desirable Madera West gated community! Rare combination of FHA & VA eligibility, NO RENTAL CAP, and strong reserves! Step inside this private top floor unit and you’ll immediately notice the abundance of natural light, beautiful LVP flooring, and picturesque territorial views off the deck…with no neighboring windows in sight! Functional and spacious, this 2 bedroom layout comes with an oversized bathroom, walk in closets, crown molding, recent interior paint and new full size W/D that stay! No shortage of parking with an included single car garage, additional reserved parking space and several visitor spaces just outside the unit. Renowned for its impressive array of resident ammenities… Madera West offers a luxurious clubhouse with party and game rooms, heated pool, hot tub and fitness center… plus RV parking, sports courts, playground, gardening space, dog run and so much more! Water/Sewer/Garbage included in HOA dues, along with grounds and exterior maintenance, providing exceptional value and cost savings. Recently updated roof, siding and windows for added peace of mind! Unit is positioned near the clubhouse, mailboxes and receptacles for your convenience. So tucked in, yet so close to freeways, Dash Point, the new link light rail and all that Federal Way has to offer! With so many condos having drawbacks, this really is the total package and just the gem you’ve been searching for!
Listed by Daniel Speltz • Better Properties Summit
Listing updated: September 22, 2026 at 05:01am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2585452
31500 33rd Place Sw #q203, 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.
Neighborhood mobility
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.
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.
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
$2,554 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%.
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
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 4 days.
$310,000 Sold
2 months ago
2 bd•1.5 ba•Condo
31845 18th Avenue Sw #34d, Federal Way, WA 98023
2%
Under list
110
Days on market
0.8 mi
Distance
$330,000 Sold
5 months ago
2 bd•1.5 ba•Condo
31917 45th Place Sw #c, Federal Way, WA 98023
2%
Over list
43
Days on market
0.8 mi
Distance
$340,000 Sold
5 months ago
2 bd•1 ba•Condo
31500 33rd Place Sw #e201, Federal Way, WA 98023
3%
Under list
84
Days on market
0.1 mi
Distance
$400,000 Sold
5 months ago
3 bd•2.25 ba•Condo
3114 Sw 319th Place #45, Federal Way, WA 98023
2%
Under list
58
Days on market
0.3 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 Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 22, 2026 at 05:01am (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.
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
RexMont Value Snapshot
We found recent nearby sales, but not enough that are similar enough to publish an automated value signal for this home.
Ask RexMont to verify valueMore homes in this area that match your range.

$299,999
31500 33rd Place Sw #c204, Federal Way, WA 98023
Kyle A Steppe · CENTURY 21 North Homes Realty

$294,950
31500 33rd Place Sw #g202, Federal Way, WA 98023
Lillian Morrow · John L. Scott, Inc.

$354,950
31500 33rd Place Sw #d201, Federal Way, WA 98023
Anthony Jacob · Kelly Right RE of Seattle LLC

$316,000
31500 33rd Place Sw #u101, Federal Way, WA 98023
Ara Hakobyan · Keller Williams Rlty Bellevue

$299,999
1710 Sw 318th Place #44d, Federal Way, WA 98023
Juanita Johnson · Keller Williams Realty

$275,000
1721 Sw 318th Place #48d, Federal Way, WA 98023
Carrie Barrett · Coldwell Banker Bain

$319,950
1722 Sw 318th Place #41d, Federal Way, WA 98023
John Roof · Redfin

$284,000
1725 Sw 318th Place #49a, Federal Way, WA 98023
Kyle Walker · COMPASS

$298,950
1934 Sw 318th Place #10-c, Federal Way, WA 98023
Carol V. Peoples-Procter · COMPASS

$310,000
31721 47th Lane Sw #c, Federal Way, WA 98023
Jim Clifford · Washington Realty Group

$289,990
1814 S 286th Lane #p101, Federal Way, WA 98003
Andy Lee · COMPASS

$289,950
33020 10th Avenue Sw #s303, Federal Way, WA 98023
Janine McMaster · Locality