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$1,199,950
3118 S 337th Street , Federal Way, WA 98001
Federal Way, WA, 98001
Active · 1 days on market
2Beds
2Baths
1,160Sq Ft
1942Year built
0.7328Lot (acres)
Single Family ResidenceType

About this home

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

Bath Off Primary
Ceiling Fan(s)
Dbl Pane/Storm Window
Dining Room
Fireplace
French Doors
Skylight(s)
Vaulted Ceiling(s)
Water Heater

Exterior features

Cement Planked

Appliances

Dishwasher
Dryer
Microwave
Refrigerator
Stove(s)/Range(s)
Washer

Parking

Driveway
Attached Garage
RV Parking

Schools

Elementary: Buyer To Verify
Middle: Buyer To Verify
High: Buyer To Verify
District: Federal Way

Request a tour or more info

Courtesy of Keller Williams Realty PS. The data relating to real estate for sale on this site comes in part from the Northwest Multiple Listing Service (NWMLS). Listings held by brokerage firms other than this brokerage are marked by the three-tree symbol; detailed information about such listings includes the name of the listing brokerage. This information is provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. All information is deemed reliable but not guaranteed and should be independently verified.

Based on information from the Northwest Multiple Listing Service as of August 19, 2026.

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