$1,149,998
Est. $6,370/mo2 bd•1.75 ba•1,160 sq ft
3118 S 337th Street, Federal Way, WA 98001
• Listed Oct 8, 2026•49 days active · 49 cumulative
Listing Broker: eXp Realty; Ivan Grishko; 425-623-0363; ivan@grishkogroup.com
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Listing Broker: eXp Realty; Ivan Grishko; 425-623-0363; ivan@grishkogroup.com
About this home
Situated on coveted North Lake waterfront, this rare offering includes 3 waterfront parcels totaling 31,319 SF, all sold together. The fully remodeled one-story, 2-bedroom, 1.75-bath rambler anchors the property, with over 82 feet of combined lake frontage across the 3 parcels. Enjoy it as one expansive waterfront retreat or explore the potential to build up to 2 additional homes. Inside, vaulted ceilings and a bright sunroom fill the home with natural light and frame spectacular lake views. The remodeled interior features custom cabinetry, quartz countertops, modern tiled bathrooms, a soaking tub, durable laminate flooring, and thoughtful updates throughout. Outside, a private dock and jacuzzi create an ideal setting for life on the water. Spend your days boating, paddleboarding, fishing, swimming, or relaxing along the shoreline, then take in spectacular North Lake sunsets. An oversized heated two-car garage offers generous space for vehicles, storage, lake toys, or a workshop. Previously operated as a successful Airbnb, the property offers flexibility as a primary residence, vacation retreat, or investment opportunity. Public sewer is located adjacent to all three parcels, while the existing home is currently served by septic. Buyer to verify sewer availability, connection requirements, and development feasibility. A rare opportunity to enjoy North Lake today with exciting possibilities for the future.
Listed by Ivan Grishko • eXp Realty
Listing updated: October 9, 2026 at 05:03am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2592597
Around this home
How much should you offer?
3118 S 337th Street, Federal Way, WA 98001
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
- French Doors
- Hot Tub/Spa
- Skylight(s)
- Vaulted Ceiling(s)
- Water Heater
- Fireplace (electric)
Kitchen
- Dishwasher
- Disposal
- Dryer
- Microwave
- Refrigerator
- Stove(s)/Range(s)
- Washer
Bedrooms
- 2 bedrooms total
- 2 on the main level
Bathrooms
- 1 full bathroom
- 1 three-quarter bathroom (shower, no tub)
- 1.75 bathrooms total (NWMLS count)
- 2 on the main level
Layout
- 1 Story
- 1,160 sq ft finished
- 675 sq ft garage
Flooring
- Ceramic Tile
- Laminate
Heating & cooling
- Forced Air heating
- None cooling
Single-family home facts
As entered by the listing broker on Northwest MLS
Lot & site
- Topography
- Level
- Vegetation
- Fruit Trees, Garden Space
Systems
- Energy source
- Electric,Natural Gas
- Power production
- Electric, Natural Gas
- Water heater
- Gas
- Power company
- PSE
- Water company
- Lakehaven
- Sewer company
- Septic
- Gas company
- PSE
- Garbage service
- Waste Management
- Irrigation water rights
- No
Rooms & extras
- Spa
- Yes
- Bathtubs
- 1
- Showers
- 2
- Fireplaces on main
- 1
New construction
- Square footage source
- Realist
- Lot size source
- Realist
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 SchoolDiggerFederal Way School District
- Lake Dolloff Elementary SchoolPublic · Grades PK-5 · State rank 1,086 of 1,1601/10
- Sequoyah Middle SchoolPublic · Grades 6-8 · State rank 437 of 5142/10
- Todd Beamer High SchoolPublic · Grades 9-12 · State rank 324 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.
Sales & Tax Records for 3118 S 337th Street
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.
- Oct 8, 2026ListedNWMLS via MLS Grid · #2592597$1,149,998$991/sq ft
- Aug 6, 2024Recorded saleKing County recorder · Warranty deed$750,000$647/sq ft
- Oct 21, 2016SoldNWMLS via MLS Grid · #1011556$500,000$431/sq ft
- Aug 11, 2016PendingNWMLS via MLS Grid · #1011556$499,950$431/sq ft
- Aug 9, 2016ListedNWMLS via MLS Grid · #1011556$499,950$431/sq ft
Mortgage payment forecast
$7,150 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: eXp Realty; Ivan Grishko; 425-623-0363; ivan@grishkogroup.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 47 days.
Recent sales nearby
Within 1 mile · last 6 months$554,000 Sold
2 days ago
3 bd•2.5 ba•~1,680 sq ft•Single Family
4401 S 333rd Street, Auburn, WA 98001
3%
Under list
26
Days on market
0.6 mi
Distance
$635,000 Sold
2 weeks ago
4 bd•2.5 ba•~2,472 sq ft•Single Family
35071 41st Place S, Auburn, WA 98001
2%
Under list
37
Days on market
1.0 mi
Distance
$570,000 Sold
4 weeks ago
3 bd•1.75 ba•~1,940 sq ft•Single Family
34203 44th Avenue S, Auburn, WA 98001
5%
Under list
49
Days on market
0.7 mi
Distance
$600,000 Sold
4 weeks ago
3 bd•1.75 ba•~1,120 sq ft•Single Family
34020 39th Avenue S, Auburn, WA 98001
4%
Over list
97
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 October 9, 2026 at 05:03am (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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