OPEN HOUSE Sun, Oct 11 2026 01:00 PM - 03:00 PM

$1,149,998

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

3118 S 337th Street
Federal Way, WA 98001

MLS#: 2592597
Presented by: eXp Realty and NWMLS

Property Description

 

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.


 

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, Hot Tub/Spa, Skylight(s), Vaulted Ceiling(s), Water Heater
Power Production TypeElectric, Natural Gas
Total Fireplaces1
Water Heater TypeGas

General

AppliancesDishwasher, Disposal, 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
DirectionsFrom I-5 exit east onto S 366th St. At the circle head southeast on Weyerhaeuser Way S. At the next circle, head northeast onto 33rd Pl S, then quickly turn left onto S 337th St.
Elementary SchoolLake Dolloff Elem
Entry LocationMain
Full Baths1
Garage Y/NYes
HOANo
HOA Fee$0
HeatingForced Air
High SchoolTodd Beamer High
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 SchoolSequoyah Mid Sch
NWM_ShowMapLinkY
New ConstructionNo
PossessionClosing
Property Style10 - 1 Story
Property SubtypeSingle Family Residence
Property TypeResidential
Public RemarksSituated 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
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
Virtual TourClick here
Water CompanyLakehaven
Waterfront FeaturesLake, No Bank
Year Built1942

Exterior

Building Area Total1,160 sqft
Covered Spaces2
Exterior AmenitiesCement Planked, Wood Products
Foundation DetailsPoured Concrete
InclusionsDishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Irrigation Water Rights Y/NNo
Lot FeaturesPaved
Lot Size Acres0.7328
Parking FeaturesDriveway, Attached Garage, RV Parking
Parking Uncovered Total10
Site FeaturesCable TV, Dock, Fenced-Partially, Gas Available, Hot Tub/Spa, Outbuildings, Patio, RV Parking
SpaYes
Total Parking12
VegetationFruit Trees, Garden Space
Water SourcePublic
Waterfront Footage82
Waterfront Y/NYes

Additional Details

Price History

Schools 

Middle School Sequoyah Mid Sch
Elementary School Lake Dolloff Elem
High School Todd Beamer High

  

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$1,149,998

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

3118 S 337th Street
Federal Way, WA 98001

MLS#: 2592597