Listing Office: Keller Williams Realty PS Northwest Multiple Listing Service Logo

3118 S 337th Street, Federal Way, WA

$1,199,950

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2

Beds

Baths

1,160

Square feet

0.73

Acres

About 3118 S 337th Street

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.

Features of 3118 S 337th Street

MLS® # 2569988
Price $1,199,950
Bedrooms 2
Bathrooms 1.75
Full Baths 1
Square Footage 1,160
Acres 0.73
Year Built 1942
Type Residential
Sub-Type Single Family Residence
Status Active

Community Information

Address 3118 S 337th Street
Area 100 - Jovita/West Hill
Subdivision North Lake
City Federal Way
County King
State WA
Zip Code 98001

Amenities

Parking Spaces 2
Parking Driveway, Attached Garage, RV Parking
View Lake, Territorial
Is Waterfront Yes
Waterfront Lake, No Bank

Interior

Interior Features Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, French Doors, Skylight(s), Vaulted Ceiling(s), Water Heater
Appliances Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
Heating Forced Air
Cooling None
Fireplace Yes
# of Fireplaces 1
Fireplaces Electric

Exterior

Exterior Features Cement Planked
Lot Description Paved
Foundation Poured Concrete

School Information

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

Additional Information

Date Listed August 18th, 2026
Days on Market 9
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKeller Williams Realty PS

Listing Map

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