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$1,199,950

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 1 Partial Bath
  • 1,160 Sq. Ft.
  • Updated 7 days ago

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Open House: 12:00 PM - 2:00 PM

Saturday 8/29 12:00 PM - 2:00 PM

3118 S 337th Street,Federal Way, WA 98001

3118 S 337th StreetFederal WayWA98001

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Listed by Eric Plotnikov | Keller Williams Realty PS | (253) 835-4500 and Edgar Sarkisyan | Keller Williams Realty PS | (253) 835-4500

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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.

Full Property Details for 3118 S 337th St

General

  • Price: $1,199,950
  • Taxes: $5,919 (2026)
  • Status: Active
  • Type: Single Family
  • Source: NWMLS
  • MLS ID: 2569988
  • Updated: 8/18/2026
  • Added to Site: 8 day(s) ago

Rental Information

  • Short Term: Yes

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
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Electric
  • Appliances: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Flooring: Ceramic Tile, Laminate

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • 3/4 Bathrooms: 1
  • Main Floor Baths: 2
  • Main - 3/4 Baths: 1

Bedrooms

  • Total Bedrooms: 2
  • Bedrooms Main: 2

Additional Information

  • Amenities: Cable TV, Dock, Fenced-Partially, Gas Available, Hot Tub/Spa, RV Parking
  • Spa: Yes
  • Security/Safety: Partially Fenced

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Covered Spaces: 2
  • Parking Features: Driveway, Attached Garage, RV Parking

Location

  • Area: 100 - Jovita/West Hill
  • County: King
  • Subdivision: North Lake
  • Building Name: Louises North Lake Trs
  • Driving Directions: Use Phone GPS

School Information

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

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air
  • Water Heater: Electric

Utilities

  • Sewer: Available, Septic Tank
  • Water: Public

Structural Information

  • Structure Type: House
  • Exterior Const.: Cement Planked
  • Basement Desc.: None
  • Foundation: Poured Concrete
  • Roof: Composition
  • Entry Location: Main
  • Square Feet: 1,160
  • Finished Total: 1,160 Sq. Ft.
  • Year Built: 1942

Lot Features

  • Property View: Lake, Territorial
  • Lot Size (Acres): 0.7328
  • Lot Size (Sq. Ft.): 31,919
  • Lot Size Source: Realist
  • Topography: Level
  • Lot Features: Paved
  • Trees/Vegetation: Fruit Trees, Garden Space

Water Features

  • Water Front: Yes

Financial Considerations

  • Tax Amount: $5,919
  • Tax Year: 2026
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Inclusions: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Property ID: 4420600005
  • Lot Number: 1-10-11

Listed by Eric Plotnikov | Keller Williams Realty PS | (253) 835-4500 and Edgar Sarkisyan | Keller Williams Realty PS | (253) 835-4500

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Schools serving 3118 S 337th St

School District:Federal Way School District
NameGradesDistance
Lake Dolloff Elementary School
4200 South 308th Street, Auburn, WA 98001
K-52.1 mi
Sequoyah Middle School
3425 South 360th Street, Auburn, WA 98001
6-81.5 mi
Todd Beamer High School
35999 16th Avenue South, Federal Way, WA 98003
9-122 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3118 S 337th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/18/2026
Listed
$1,199,950
59.99%
MLS
8/06/2024
Sold
$750,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3118 S 337th St

Year
Property Taxes
Change
Tax Assessment
Change
2026
$5,919
6%
$583,000
3%
2025
$5,609
4%
$566,000
7%
2024
$5,389
3%
$529,000
—
2022
$5,219
22%
$529,000
27%
2021
$4,266
—
$416,000
19%
2021
$4,266
-5%
$351,000
-7%
2020
$4,511
9%
$377,000
6%
2019
$4,129
-7%
$357,000
15%
2018
$4,444
9%
$311,000
9%
2017
$4,091
4%
$286,000
9%
2016
$3,923
9%
$262,000
7%
2015
$3,601
9%
$246,000
21%
2014
$3,294
—
$203,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Eric Plotnikov | Keller Williams Realty PS | (253) 835-4500 and Edgar Sarkisyan | Keller Williams Realty PS | (253) 835-4500

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3118 S 337th Street, Federal Way, WA 98001 (MLS# 2569988) is a Single Family property with 2 bedrooms, 1 full bathroom and 1 partial bathroom. 3118 S 337th Street is currently listed for $1,199,950 and was received on August 18, 2026. Want to learn more about 3118 S 337th Street? Do you have questions about finding other Single Family real estate for sale in Federal Way City Center? You can browse all Federal Way City Center real estate or contact a Coldwell Banker agent to request more information.

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