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JRJeff ReynoldsCompass · Seattle

Listed by Keith C. Bruce, Sound Point Real Estate LLC

Land
Type
9,246 sq ft
Lot
237
Days on market

About this property

Builder Opportunity – Nearly Shovel-Ready Premium Lot. Perfect location for your dream home or new construction project. Prime Federal Way location near I-5, future light rail, shopping & parks. Surrounding new homes often sell $800,000 plus range. Most major due diligence is complete: Arborist reports, wetlands delineation + buffer notes, steep slopes evaluated with setbacks reduced, buildable area designated, site plan available, Use Process 3 started, pre-app notes on file, stormwater mitigation approach ready. Flexible footprint—bring your plan or consider concepts like Adair’s “Everett” (40’x42’). Rendering of The Everett home fits the available footprint on the lot. Excellent territorial views.

Location & commute

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Directions

Property details

Listing details

Listing number
#2448897
Listed
October 27, 2025
Days on market
237
Original list price
$239,950

Unit & building

Building
Goldmaur

Views

View
Territorial

Construction

Style
40 - Res-Less thn 1 Ac
Structure
None

Lot

Lot features
Paved
Lot size
9,246 sq ft

Terms

Terms offered
CashConventional

Utilities

Utilities
Electricity AvailableNatural Gas Available
Water
In Street
Sewer
In Street

Schools

District
Federal Way
Elementary
Buyer To Verify
Middle
Buyer To Verify
High
Buyer To Verify

What stands out to you?

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  • Territorial
  • None
  • Paved
  • Cash
  • Conventional
  • Electricity Available
  • Natural Gas Available
  • In Street

Listing history

  1. Listed

    $239,950

    October 27, 2025

  2. Current price

    $184,950

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

$1,077

Principal & interest
$935
Property tax (est.)
$142

Assumes $36,990 down (20%), a $147,960 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 July 14, 2026 at 12:45 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.