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$1,000,000 Sale Pending

  • For Sale
  • Pending
  • Single Family
  • 4 Beds
  • 2 Full Baths
  • 3,300 Sq. Ft.
  • Updated 12 days ago

Listed by Allison Pringle | John L. Scott, Inc. | (360) 876-7600

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Perched to capture sweeping, unobstructed panorama views of Puget Sound, this iconic Pacific Northwest retreat is ready for its next chapter. Offered in its original condition, this home is ideal for buyers seeking a chance to renovate, restore, or reimagine a view property into their dream residence. Solid bones, timeless character, and endless potential make this a standout investment opportunity. The expansive unfinished 1,280 sq ft basement adds exceptional flexibility and value, ideal for a workshop, studio, wine cellar, fitness space, storage, or future expansion. Existing plumbing for an additional bathroom opens the door to even more possibilities. Enjoy seamless indoor-outdoor living with a spacious view deck, perfect for entertaining, relaxing, or morning coffee, soak in the incredible scenery year-round. Conveniently located with easy access to light rail (5 miles), Seattle/Tacoma airport (15 miles), shopping, parks, and commuter routes, this home offers a rare combination of peaceful living and unbeatable accessibility.

Full Property Details for 5118 SW 311th Pl

General

  • Price: $1,000,000
  • Taxes: $3,753 (2025)
  • Status: Pending
  • Type: Single Family
  • Source: NWMLS
  • MLS ID: 2515671
  • Updated: 5/20/2026
  • Added to Site: 33 day(s) ago

Interior

  • Interior Features: Dbl Pane/Storm Window, Fireplace, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
  • Fireplace: Yes
  • Number of Fireplaces: 2
  • Fireplace(s): Wood Burning
  • Appliances: Dishwasher(s), Double Oven, Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Flooring: Hardwood, Stone, Vinyl, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Upper - Full Baths: 1
  • Main Floor Baths: 1

Bedrooms

  • Total Bedrooms: 4
  • Bedrooms Upper: 1
  • Bedrooms Main: 3

Additional Information

  • Amenities: Deck

Parking

  • Carports: Yes
  • Carport Spaces: 3
  • Covered Spaces: 3
  • Parking Features: Attached Carport

Location

  • Area: 110 - Dash Point/Federal Way
  • County: King
  • Subdivision: Dash Point
  • Driving Directions: GPS directions good.

School Information

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

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Forced Air
  • Heating Type: Forced Air
  • Water Heater: Electric

Utilities

  • Sewer: Septic Tank
  • Water: Public

Structural Information

  • Structure Type: House
  • Exterior Const.: Wood
  • Basement Desc.: Daylight, Unfinished
  • Foundation: Poured Concrete
  • Roof: Composition
  • Entry Location: Main
  • Square Feet: 3,300
  • Finished Total: 2,020 Sq. Ft.
  • Unfinished Total: 1,280 Sq. Ft.
  • Year Built: 1972

Lot Features

  • Property View: Mountains, Ocean
  • Lot Size (Acres): 0.36
  • Lot Size (Sq. Ft.): 15,680
  • Lot Size Source: county
  • Lot Features: Paved, Sidewalk
  • Trees/Vegetation: Brush

Financial Considerations

  • Tax Amount: $3,753
  • Tax Year: 2025
  • Terms: Cash, Conventional, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Inclusions: Dishwasher(s), Double Oven, Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Property ID: 3210200190

Listed by Allison Pringle | John L. Scott, Inc. | (360) 876-7600

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Schools serving 5118 SW 311th Pl

School District:Federal Way School District
NameGradesDistance
Twin Lakes Elementary School
4400 Southwest 320th Street, Federal Way, WA 98023
K-50.7 mi
Lakota Middle School
1415 Southwest 314th Street, Federal Way, WA 98023
6-82.1 mi
Decatur High School
2800 Southwest 320th Street, Federal Way, WA 98023
9-121.5 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 5118 SW 311th Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/13/2026
Price Reduced
$1,000,000
-2.44%
MLS
4/29/2026
Listed
$1,025,000
—
MLS
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 5118 SW 311th Pl

Year
Property Taxes
Change
Tax Assessment
Change
2026
$3,753
-7%
$817,000
1%
2024
$4,031
-49%
$810,000
3%
2024
$7,951
3%
$790,000
—
2022
$7,702
18%
$790,000
23%
2021
$6,544
—
$640,000
17%
2021
$6,544
5%
$546,000
4%
2020
$6,258
-2%
$527,000
-5%
2019
$6,373
-11%
$557,000
10%
2018
$7,185
12%
$508,000
12%
2017
$6,440
2%
$455,000
6%
2016
$6,328
10%
$428,000
7%
2015
$5,777
-1%
$400,000
10%
2014
$5,819
—
$364,000
—
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.

Estimate the Cost for 5118 SW 311th Pl

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Listed by Allison Pringle | John L. Scott, Inc. | (360) 876-7600

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5118 SW 311 Place, Federal Way, WA 98023 (MLS# 2515671) is a Single Family property with 4 bedrooms and 2 full bathrooms. 5118 SW 311 Place is currently listed for $1,000,000 and was received on April 29, 2026. Want to learn more about 5118 SW 311 Place? 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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