An exceptional opportunity in the heart of Dash Point! This 1+ acre level parcel is full of potential for a private estate or possible development. Utilities are conveniently located in the street. Located within walking distance to Mirror Lake and just minutes from shopping, dining, entertainment and easy commuting access. A rare opportunity to own a lot of this size in the area. Buyer to verify all information.
Active
Listed by: Keller Williams Rty Tacoma
Price cut: $35K (4/3)
$250,000
1248 SW 312th Street, Federal Way, WA 98023
--beds
--baths
1.12Acres
Unimproved Land
Built in ----
1.12 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 177 days |
- 127 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Rochelle Chorak,
Keller Williams Rty Tacoma,
Shelly Crane,
Keller Williams Rty Tacoma
Source: NWMLS as distributed by MLS GRID,MLS#: 2464424
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Lot
- Size: 1.12 Acres
- Features: Curbs, Paved, Sidewalk
Details
- Parcel number: 0721049226
- Zoning description: Residential,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: In Street
- Gas: Not Available
- Sewer: In Street
- Water: In Street
- Utilities for property: Electricity Available
Community & HOA
Community
- Subdivision: Dash Point
Location
- Region: Federal Way
Financial & listing details
- Tax assessed value: $330,000
- Annual tax amount: $3,077
- Date on market: 1/26/2026
- Cumulative days on market: 153 days
- Listing terms: Conventional,FHA,VA Loan
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,821/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/3/2026 | Price change | $250,000-12.3% |
Source:  NWMLS as distributed by MLS GRID #2464424 Report a problem | ||
| 3/3/2026 | Price change | $285,000-13.6% |
Source: NWMLS as distributed by MLS GRID #2464424 Report a problem | ||
| 1/29/2026 | Listed for sale | $330,000 |
Source: NWMLS as distributed by MLS GRID #2464424 Report a problem | ||
| 1/4/2026 | Pending sale | $330,000 |
Source: NWMLS as distributed by MLS GRID #2464424 Report a problem | ||
| 1/1/2026 | Listed for sale | $330,000+78.4% |
Source: NWMLS as distributed by MLS GRID #2464424 Report a problem | ||
| 8/28/2020 | Sold | $185,000+164.3% |
Source: NWMLS as distributed by MLS GRID #1597908 Report a problem | ||
| 4/23/1998 | Sold | $70,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,077 +1.6% | $330,000 |
| 2024 | $3,027 -4.2% | $330,000 +10.7% |
| 2023 | $3,161 +22.3% | $298,000 +10% |
| 2022 | $2,585 +8.8% | $271,000 +25.5% |
| 2021 | $2,376 +6.6% | $216,000 +13.7% |
| 2020 | $2,229 +19.8% | $190,000 +19.5% |
| 2019 | $1,860 +8.5% | $159,000 +4.6% |
| 2018 | $1,715 -11.6% | $152,000 +9.4% |
| 2017 | $1,941 +12.8% | $139,000 +9.4% |
| 2016 | $1,721 | $127,000 +5% |
| 2015 | $1,721 | $121,000 |
| 2014 | $1,721 | $121,000 +40.7% |
| 2013 | $1,721 | $86,000 |
| 2012 | -- | $86,000 -16.5% |
| 2011 | -- | $103,000 -10.4% |
| 2010 | -- | $115,000 |
| 2009 | -- | $115,000 +27.8% |
| 2007 | -- | $90,000 +7.1% |
| 2006 | -- | $84,000 +7.7% |
| 2005 | -- | $78,000 +36.8% |
| 2001 | $741 +0% | $57,000 +3.6% |
| 2000 | $741 | $55,000 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Lake Ota
Getting around
34 / 100
Some TransitNearby schools
GreatSchools rating
- 4/10Adelaide Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 5/10Lakota Middle SchoolGrades: 6-8Distance: 0.2 mi
- 4/10Decatur High SchoolGrades: 9-12Distance: 0.8 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Washington
- King County
- Federal Way
- 98023
- Lake Ota
- 1248 SW 312th Street
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Federal Way Topics
