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Provided by NWMLS, Listed by Ivan Grishko, 888-317-5197 at eXp Realty
2 Beds
2 Baths
1,160 sqft

$1,149,998

3118 S 337th Street, Federal Way WA, 98001

Price per sqft$991.38
Built in1942
Property size1,160 sqft
Property typeResidential

Overview

Active

Updated 17h ago

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.

$7,651/mo

Est. mortgage payment based on a $1,149,998 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2592597

Interior Features

Bedrooms
2
Bathrooms
2
Fireplace
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.73 Acres

Other Property Details

Taxes
$5,919
Tax Frequency
Annually
Garage
Yes
View
Yes
Waterfront
Yes
55+/Senior Community
No
MLS provider logo

Provided by NWMLS, Listed by Ivan Grishko, 888-317-5197 at eXp Realty

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 10/10/2026. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 10/10/2026 at 6:27 PM UTC . 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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Data last updated on 10/10/2026 at 6:27 PM UTC 

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