Situated on coveted North Lake waterfront, this rare offering includes 3 waterfront parcels totaling 31,319 SF, all sold together. The fully remodeled one-story, 2-bedroom, 1.75-bath rambler anchors the property, with over 82 feet of combined lake frontage across the 3 parcels. Enjoy it as one expansive waterfront retreat or explore the potential to build up to 2 additional homes. Inside, vaulted ceilings and a bright sunroom fill the home with natural light and frame spectacular lake views. The remodeled interior features custom cabinetry, quartz countertops, modern tiled bathrooms, a soaking tub, durable laminate flooring, and thoughtful updates throughout. Outside, a private dock and jacuzzi create an ideal setting for life on the water. Spend your days boating, paddleboarding, fishing, swimming, or relaxing along the shoreline, then take in spectacular North Lake sunsets. An oversized heated two-car garage offers generous space for vehicles, storage, lake toys, or a workshop. Previously operated as a successful Airbnb, the property offers flexibility as a primary residence, vacation retreat, or investment opportunity. Public sewer is located adjacent to all three parcels, while the existing home is currently served by septic. Buyer to verify sewer availability, connection requirements, and development feasibility. A rare opportunity to enjoy North Lake today with exciting possibilities for the future.
Property Details
Price:
$1,149,998
MLS #:
NWM2592597
Status:
Active
Beds:
2
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
North Lake
Neighborhood:
100jovitawesthill
Listed Date:
Oct 8, 2026
Finished Sq Ft:
1,160
Total Sq Ft:
1,160
Lot Size:
31,919 sqft / 0.73 acres (approx)
Year Built:
1942
See this Listing
Schools
School District:
Federal Way
Elementary School:
Lake Dolloff Elem
Middle School:
Sequoyah Mid Sch
High School:
Todd Beamer High
Interior
Appliances
Dishwasher, Disposal, 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, Hot Tub/Spa, 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, Wood
Covered Spaces
2
Exterior Features
Cement Planked, Wood Products
Lot Features
Paved
Parking Features
Driveway, Attached Garage, RV Parking
Parking Spots
12
Parking Total
12
Roof
Composition
Security Features
Partially Fenced
View
Lake, Territorial
Waterfront Features
Lake, No Bank
Financial
Tax Year
2026
Taxes
$5,919
Map
Community
- Address3118 S 337th Street Federal Way WA
- SubdivisionNorth Lake
- CityFederal Way
- CountyKing
- Zip Code98001
Subdivisions in Federal Way
- Adelaide
- Alderbrook
- Auburn
- Buenna
- Campus Highlands
- Central Federal Way
- Dash Point
- Dumas Bay
- Enchanted Village
- Federal Way
- Jovita
- Lakota
- Laurelwood
- Madrona
- Marine Hills
- Marine View Park
- Milton
- Mirror Lake
- North Lake
- Northshore
- Panther Lake
- Park Trails
- Redondo
- Regency Woods
- Ridgeview
- S Federal Way
- Star Lake
- Steel Lake
- Twin Lakes
- Wedgewood
- West Campus
Market Summary
Current real estate data for Single Family in Federal Way as of Oct 28, 2026
233
Single Family Listed
73
Avg DOM
344
Avg $ / SqFt
$752,153
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 $1,149,998 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 $991. The average price per square foot for Single Family listings in Federal Way is $344. The average listing price for Single Family in Federal Way is $752,153. To schedule a showing of MLS#nwm2592597 at 3118 S 337th Street in Federal Way, WA, contact your Best in the West agent at 206-351-5550.
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Listing courtesy of eXp RealtyThe database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. This site was last updated Oct-28-2026 2:20:43 pm. © 2026 NWMLS.
3118 S 337th Street
Federal Way, WA


