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JRJeff ReynoldsCompass · Seattle

317 xx 51st Avenue SW, Federal Way, WA 98023

Listed by George Melvin Harris Sr., Coldwell Banker Bain

Pending803 days on market

Originally $481,000

Reduced $196,000 · 41%

$285,000

317 xx 51st Avenue SW, Federal Way, WA 98023

Federal Way, WA, 98023

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Jeff Reynolds · Managing Broker, Compass

Start with a focused 15-minute call, then tour with a clear due-diligence plan.

Land
Type
91,859 sq ft
Lot
803
Days on market

About this property

This property has subdivision potential with water, sewer, and electricity in the street. This property is flat with no environmental issues. The sale includes parcels 102103-9001 and 102103-9040 for a total of 2.10 acres.

Location & commute

Add a destination (work, gym, school) for directions and drive time.

Directions

Property details

Listing details

Listing number
#1812201
Listed
July 23, 2021
Days on market
803
Original list price
$481,000

Construction

Style
41 - Res-Over 1 Acre
Structure
None

Lot

Lot features
Dead End Street
Lot size
91,859 sq ft

Terms

Terms offered
Cash OutConventional

Utilities

Utilities
Natural Gas Available
Water
In Street
Sewer
Available

Schools

District
Federal Way
Elementary
Twin Lakes Elem
Middle
Lakota Mid Sch
High
Decatur High

Listing history

  1. Listed

    $481,000

    July 23, 2021

  2. Current price

    $285,000

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$1,660

Principal & interest
$1,441
Property tax (est.)
$219

Assumes $57,000 down (20%), a $228,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of August 11, 2026 at 7:45 AM PDT. 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.