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$1,149,998 Just Listed

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 1 Partial Bath
  • 1,160 Sq. Ft.
  • Updated 6 hours ago

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Open House: 1:00 PM - 3:00 PM

Sunday 10/11 1:00 PM - 3:00 PM

3118 S 337th Street,Federal Way, WA 98001

3118 S 337th StreetFederal WayWA98001

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Listed by Ivan Grishko | eXp Realty | (888) 317-5197

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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.

Full Property Details for 3118 S 337th St

General

  • Price: $1,149,998
  • Taxes: $5,919 (2026)
  • Status: Active
  • Type: Single Family
  • Source: NWMLS
  • MLS ID: 2592597
  • Updated: 10/8/2026
  • Added to Site: 2 day(s) ago

Interior

  • Interior Features: Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, French Doors, Hot Tub/Spa, Skylight(s), Vaulted Ceiling(s), Water Heater
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Electric
  • Appliances: Dishwasher(s), Dryer(s), Garbage Disposal, 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, Outbuildings, Patio, RV Parking
  • Spa: Yes
  • Security/Safety: Partially Fenced

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Covered Spaces: 2
  • Uncovered Spaces: 10
  • 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: From 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.

School Information

  • High School District: Federal Way
  • Elementary School: Lake Dolloff Elem
  • Middle School: Sequoyah Mid Sch
  • High School: Todd Beamer High

Heating & Cooling

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

Utilities

  • Sewer: Available, Septic Tank
  • Water: Public

Structural Information

  • Structure Type: House
  • Exterior Const.: Cement Planked, Wood Products
  • 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: $5,919.4
  • Tax Year: 2026
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Property ID: 4420600005

Listed by Ivan Grishko | eXp Realty | (888) 317-5197

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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
10/08/2026
Listed
$1,149,998
53.33%
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 Ivan Grishko | eXp Realty | (888) 317-5197

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3118 S 337th Street, Federal Way, WA 98001 (MLS# 2592597) is a Single Family property with 2 bedrooms, 1 full bathroom and 1 partial bathroom. 3118 S 337th Street is currently listed for $1,149,998 and was received on October 08, 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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