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JRJeff ReynoldsCompass · Seattle

Listed by Brooks Glenn, Windermere Real Estate Co.

1
Bedrooms
1
Bathrooms
720
Square feet
$556
Per sq ft
Single Family Residence
Type
1947
Year built
30,000 sq ft
Lot
81
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.

Directions

Property details

Listing details

Listing number
#2513002
Listed
April 23, 2026
Days on market
81
Price per sq ft
$556
Original list price
$495,000

Unit & building

Unit levels
One

Parking

Parking
Attached Garage
Covered spaces
2
Total spaces
2

Construction

Year built
1947
Style
10 - 1 Story
Structure
House
Roof
Composition

Heating & cooling

Heating
None
Cooling
None
Energy source
See Remarks

Community & building features

Bus line nearby
Yes

Lot

Lot size
30,000 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
Lakhaven
Sewer
Lakehaven
Power
Available

Schools

District
Federal Way

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • One
  • Attached Garage
  • House
  • Composition
  • None
  • See Remarks
  • Cash
  • Conventional

Listing history

  1. Listed

    $495,000

    April 23, 2026

  2. 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.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 13, 2026 at 11:15 PM 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.