$1,199,950

2 Beds 2 Baths 1,160 SQFT 0.73 Acres
Type: Single Family

3118 S 337th Street
Federal Way, WA 98001

MLS#: 2569988
Presented by: Keller Williams Realty PS and NWMLS

Property Description

 

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.


 

Interior Features

Bedrooms

Bedrooms Lower0
Bedrooms Upper0
Main Level Bedrooms2
Total Bedrooms2

Bathrooms

3/4 Baths1
Bathrooms1.75
Baths Full Garage0
Baths Full Lower0
Baths Full Main1
Baths Full Upper0
Baths Half Garage0
Baths Half Lower0
Baths Half Main0
Baths Half Upper0
Baths Three Quarter Garage0
Baths Three Quarter Lower0
Baths Three Quarter Main1
Baths Three Quarter Upper0
Half Baths0
Total Baths2

Other Interior Features

Air Conditioning Y/NNo
BasementNone
Fireplace FeaturesElectric
Fireplace Y/NYes
Fireplaces Main1
FlooringCeramic Tile, Laminate
Heating Y/NYes
Interior AmenitiesBath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, French Doors, Skylight(s), Vaulted Ceiling(s), Water Heater
Power Production TypeElectric, Natural Gas
Total Fireplaces1
Water Heater TypeElectric

General

AppliancesDishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
Attached Garage Yes
Building Area Units0 sqft
Building NameLouises North Lake Trs
Carport Y/NNo
CityFederal Way
CoolingNone
CountyKing
DirectionsUse Phone GPS
Elementary SchoolBuyer To Verify
Entry LocationMain
Full Baths1
Garage Y/NYes
HOANo
HOA Fee$0
HeatingForced Air
High SchoolBuyer To Verify
High School DistrictFederal Way
Land Lease Y/NNo
LevelsOne
Listing TermsCash, Conventional, FHA, VA Loan
Living Area1,160 sqft
Lot Size Square Feet31,919 sqft
Lot Size UnitsSquare Feet
MLS Area100 - Jovita/West Hill
Middle/Junior High SchoolBuyer To Verify
NWM_ShowMapLinkY
New ConstructionNo
PossessionClosing
Property Style10 - 1 Story
Property SubtypeSingle Family Residence
Property TypeResidential
Public RemarksExceptional 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 pa
RoofComposition
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerAvailable, Septic Tank
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeHouse
Subdivision NameNorth Lake
Tax Annual Amount$5,919
Tax Year2026
TopographyLevel
ViewLake, Territorial
Water CompanyLakehaven
Waterfront FeaturesLake, No Bank
Year Built1942

Exterior

Building Area Total1,160 sqft
Covered Spaces2
Exterior AmenitiesCement Planked
Foundation DetailsPoured Concrete
InclusionsDishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Irrigation Water Rights Y/NNo
Lot FeaturesPaved
Lot Number1-10-11
Lot Size Acres0.7328
Parking FeaturesDriveway, Attached Garage, RV Parking
Site FeaturesCable TV, Dock, Fenced-Partially, Gas Available, Hot Tub/Spa, RV Parking
SpaYes
Total Parking2
VegetationFruit Trees, Garden Space
Water SourcePublic
Waterfront Footage105
Waterfront Y/NYes

Additional Details

Price History

Schools 

High School Buyer To Verify High School
Middle School Buyer To Verify Middle School
Elementary School Buyer To Verify Elementary School

  

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$1,199,950

2 Beds 2 Baths 1,160 SQFT 0.73 Acres
Type: Single Family

3118 S 337th Street
Federal Way, WA 98001

MLS#: 2569988