3118 S 337th Street, Federal Way, WA 98001 (MLS # 2592597)

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Listing provided courtesy of Northwest MLS; eXp Realty

PRICE $1,149,998 dsIDX morgage calculator
BEDS 2
BATHS 1.75
HOME SIZE 1,160 sqft
LOT SIZE 31,921 sqft
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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.

LAST UPDATED 10/8/2026 TRACT North Lake
YEAR BUILT 1942 COMMUNITY North Lake
COUNTY King STATUS Active
PROPERTY TYPE(S) Single Family

SCHOOLS
Elementary School Lake Dolloff Elem
Jr. High School Sequoyah Mid Sch
High School Todd Beamer High


ADDITIONAL DETAILS
AIR Ceiling Fan(s), None
APPLIANCES Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Refrigerator, Washer, Water Heater
AREA 100 - Jovita/West Hill
BASEMENT None
CONSTRUCTION Cement Siding
EXTERIOR Garden
FIREPLACE Yes
GARAGE Attached Garage, Yes
HEAT Electric, Forced Air, Natural Gas
INTERIOR 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
LOT 0.7328 acre(s)
LOT DESCRIPTION Paved
MLS STATUS Active
PARKING Driveway, Attached, RV Access/Parking
SEWER Septic Tank
STORIES 1
STYLE 10 - 1 Story
SUBDIVISION North Lake
TAXES 5919.4
UTILITIES Cable Available, Sewer Available
VIEW Yes
VIEW DESCRIPTION Lake, Territorial
WATER Public
WATERFRONT Yes
WATERFRONT DESCRIPTION Lake, Waterfront
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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 10/8/26 7:24 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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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