3118 S 337th Street Federal Way WA 98001 | MLS #NWM2569988

3118 S 337th Street
Federal Way, WA, 98001
$1,199,950
2 Beds
2 Baths
1,160 SqFt
0.73 Acres
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Listing Provided Courtesy of Keller Williams Realty PS
Exceptional North Lake waterfront opportunity! This unique offering includes three waterfront parcels totaling 31,319 SF, all sold together. The fully remodeled 2-bedroom, 1.75-bath home sits on one parcel with 60 feet of coveted lake frontage, while the two additional parcels provide approximately 45 feet of combined frontage and potential for future development, subject to buyer verification and applicable requirements. Enjoy waterfront living with serene lake views, fishing, boating, spectacular sunsets, and your own private dock. This desirable rambler features vaulted ceilings, a bright sunroom, private jacuzzi, custom-tiled bathrooms, durable laminate flooring, custom cabinetry, and new quartz countertops. The oversized heated two-car garage provides abundant space for vehicles, storage, lake toys, or a workshop. Previously operated as a successful Airbnb, the property offers exceptional flexibility as a primary residence, vacation home, or investment opportunity. Public sewer is located adjacent to all three parcels, offering potential flexibility for future development. Buyer to verify sewer availability, connection requirements, and development feasibility to their satisfaction. The existing home is currently served by septic. A rare opportunity to live, recreate, develop, or invest in a premier waterfront setting.

Property Details

Price:
$1,199,950
MLS #:
NWM2569988
Status:
Active
Beds:
2
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
North Lake
Neighborhood:
100jovitawesthill
Listed Date:
Aug 18, 2026
Finished Sq Ft:
1,160
Total Sq Ft:
1,160
Lot Size:
31,919 sqft / 0.73 acres (approx)
Year Built:
1942
WaterfrontLakefrontLouises North Lake Trs100 – Jovita/west Hill100jovitawesthillNorth LakeFederal WayBuyer To VerifyBuyer To VerifyBuyer To Verify

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Schools

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

Interior

Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
Bathrooms
1 Full Bathroom, 1 Three Quarter Bathroom
Cooling
None
Fireplaces Total
1
Flooring
Ceramic Tile, Laminate
Heating
Forced Air
Interior Features
Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, French Doors, Skylight(s), Vaulted Ceiling(s), Water Heater
Levels
One
Main Level Bathrooms
2
Main Level Bedrooms
2

Exterior

Attached Garage YN
1
Construction Materials
Cement Plank
Covered Spaces
2
Exterior Features
Cement Planked
Lot Features
Paved
Parking Features
Driveway, Attached Garage, RV Parking
Parking Spots
2
Parking Total
2
Roof
Composition
Security Features
Partially Fenced
View
Lake, Territorial
Waterfront Features
Lake, No Bank

Financial

Tax Year
2026
Taxes
$5,919

Map

Community

Market Summary

Current real estate data for Single Family in Federal Way as of Sep 12, 2026
258
Single Family Listed
64
Avg DOM
352
Avg $ / SqFt
$788,604
Avg List Price

Property Summary

    Located in the North Lake subdivision, 3118 S 337th Street Federal Way WA is a Single Family for sale in Federal Way, WA, 98001. It is listed for $1,199,950 and features 2 beds, 2 baths, and has approximately 1,160 square feet of living space, and was originally constructed in 1942. The current price per square foot is $1,034. The average price per square foot for Single Family listings in Federal Way is $352. The average listing price for Single Family in Federal Way is $788,604. To schedule a showing of MLS#nwm2569988 at 3118 S 337th Street in Federal Way, WA, contact your Best in the West agent at 206-351-5550.

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3118 S 337th Street
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