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$349,999
2550918 MLS ACTIVE Status
Discover the perfect canvas for your dream home with this exceptional view lot in Federal Way. Enjoy beautiful Puget Sound views from a setting that offers the ideal blend of privacy, convenience, and Pacific Northwest beauty. With water, sewer, power available in the street, much of the groundwork is already in place to begin planning your custom home. Ideally located near beaches, parks, schools, dining, and major commuter routes, this property offers the rare opportunity to build a home tailored to your lifestyle while taking advantage of the area's natural beauty and stunning water views. Whether you envision a contemporary masterpiece or a timeless Northwest retreat, this is your chance to create something truly special in one of Federal Way's most desirable locations. Buyers & their representatives to verify all information to their own satisfaction.

SW 296th St, Federal Way

Listing courtesy of Cedarland Group.

$229,950
2551098 MLS ACTIVE Status
Development-ready residential lot in Federal Way! Rare opportunity to build your dream home or investment property on this well-located lot at 32842 22nd Ave S. Significant preliminary due diligence has already been completed, offering a valuable head start for builders, investors, or future homeowners. Water and sewer Certificates of Availability have been obtained from Lakehaven Water & Sewer District, and public sewer service is available to the property. Preliminary sewer connection research and utility coordination have also been completed. A previous sewer site plan is available and may potentially be reused, helping save time during the development process. King County has confirmed public sewer service requirements for new construction. Located in an established residential neighborhood with convenient access to Kent, Federal Way amenities, shopping, schools, parks, and major commuter routes. Excellent opportunity for a custom home with potential future ADU possibilities. Buyer to verify all development potential, zoning, setbacks, utilities, permits, and permitted uses with the City of Federal Way and all appropriate agencies. Buyer to verify all information to their own satisfaction.

32842 22nd Avenue S, Federal Way

Listing courtesy of John L. Scott, Inc.

$259,950
2547985 MLS ACTIVE Status
Unlock the potential of this rare Federal Way investment opportunity! Situated on a generous 10,275 sqft lot, this property includes a 1972 Portlander 36'x12' single-wide manufactured home (432 sqft) with 530 sqft basement in fixer or tear-down condition. Whether you're looking to renovate the existing home, replace it with a new manufactured home, or explore future new construction possibilities, this property offers exceptional potential. Existing water, septic, and power are already on site, providing a valuable starting point for your vision. Conveniently located near shopping, schools, parks, and major commuter routes. Buyer to verify all development potential, utilities, zoning, and intended uses to their own satisfaction. Property and manufactured home are being sold AS-IS. Don't miss this value-packed opportunity!

2706 S 276th Place, Federal Way

Listing courtesy of Kronos Real Estate.

$395,000
2512975 MLS ACTIVE Status
Waterfront property on the shores of Puget Sound, this exquisite waterfront property captures the essence of Pacific Northwest living. One of the last undeveloped waterfront parcels on the beach presents Seventy-eight waterfront feet of your own private resort where otters, whales and sailboats play in the salty breeze. Paddle into town or stay in and watch the ever-changing sunsets and sparkling lights across the water from the veranda of your own custom home. Watch the tides come and go as the sun sets over the Olympics. Views, and endless potential for redevelopment. Bring your dreams and your architect and build a waterfront home to suit your style, an easy commute to the abundant opportunities of greater Puget Sound.

SW 296th Street, Federal Way

Listing courtesy of COMPASS.

$400,000
2512126 MLS ACTIVE Status
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.

31021 20th Avenue S, Federal Way

Listing courtesy of Windermere Real Estate Co..

$345,000
2465212 MLS ACTIVE Status
Breathtaking panoramic views of Puget Sound await in the Redondo Highlands! This is a rare opportunity in the to bring your dream home to life in a stunning setting just above Redondo. Nestled on just over 1/3 acre, this west-facing lot captures unforgettable sunsets and offers the perfect canvas for a custom premier home. The lot is primarily sloped—ideal for maximizing the view. The heavy lifting has been done—geotech and property studies are complete, and a custom home design has already been created. It was fully prepped and ready to start the permit process, giving you a major head start on the process. You'll love the location—conveniently close to Costco, Browns Point Lighthouse, and Dash Point State Park.

SW 297th Street, Federal Way

Listing courtesy of Windermere Prof Partners.

$184,950
2448897 MLS ACTIVE Status
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.

32540 44th Avenue S, Federal Way

Listing courtesy of Sound Point Real Estate LLC.

Based on information submitted to the MLS GRID as of . 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.
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