Listed by Brooks Glenn, Windermere Real Estate Co.
- Land
- Type
- 30,000 sq ft
- Lot
- 126
- Days on market
About this property
Opportunity is knocking with this expansive 0.69-acre (approx. 30,000 sq ft) parcel in the sought-after Steel Lake area. This is a true teardown, (720 square-foot single family home), making it the perfect blank canvas for your next project—whether you're a first-time investor looking to get into development or a seasoned builder ready to maximize potential. Zoned RS7.2, the property offers strong subdivision potential for multiple single-family homes/Townhomes, (buyer to verify), giving you flexibility to build and scale in an established neighborhood. Large, usable lots like this are becoming increasingly rare—especially in a location close to shopping, schools, and major commuter routes. An incredible opportunity to create value from the ground up. Bring your vision, your plans, and your ambition—this is where your next project begins.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2512126
- Listed
- April 23, 2026
- Days on market
- 126
- Original list price
- $495,000
Construction
- Style
- 40 - Res-Less thn 1 Ac
- Structure
- None
Lot
- Lot size
- 30,000 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Utilities
- Electricity AvailableNatural Gas Available
- Water
- Available
- Sewer
- Available
Schools
- District
- Federal Way
What stands out to you?
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- None
- Cash
- Conventional
- Electricity Available
- Natural Gas Available
- Available
Listing history
Listed
$495,000
April 23, 2026
Current price
$400,000
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
$2,330
- Principal & interest
- $2,023
- Property tax (est.)
- $307
Assumes $80,000 down (20%), a $320,000 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.
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Based on information submitted to the MLS GRID as of August 28, 2026 at 6:01 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.