Attention developers and builders! One of the last larger plats of land available in South King County. Perfectly located right in the heart of Federal Way, WA this acreage is ideal for development. With strong resale numbers and new construction still in short supply the future of this tract of land has strong potential. The site consists of two tax parcels and is approximately 8.46 Acres. Gentle sloping topography and wooded landscape make for a park like feel. Some wetlands to the north could be used for wetlands banking. Close to all types of services and within minutes of I-5 and future Sound Transit light rail. Storm, Sewer & Utilities available on site.
Sold
Listed by: Windermere RE West Campus Inc
Bought with: Matrix Real Estate, LLC
$2,000,000
1525 SW 341st Place, Federal Way, WA 98023
--beds
--baths
8.46Acres
Unimproved Land
Built in ----
8.46 Acres Lot
$-- Zestimate®
$--/sqft
$2,715 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,715/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Stephen Janho,
Windermere RE West Campus Inc
Bought with:
Justin Holland, 109013
Matrix Real Estate, LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2020557
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Lot
- Size: 8.46 Acres
- Topography: Level,Rolling
Details
- Parcel number: 1921049018
- Zoning description: RS 7.2,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: Available
- Gas: Available
- Sewer: In Street
- Water: Available
- Utilities for property: Natural Gas Available, Electricity Available
Community & neighborhood
Location
- Region: Federal Way
- Subdivision: Federal Way
Other
Other facts
- Listing terms: Conventional
- Road surface type: Paved, See Remarks
- Cumulative days on market: 864 days
Price history
| Date | Event | Price |
|---|---|---|
| 7/3/2024 | Sold | $2,000,000-4.5% |
Source:  NWMLS as distributed by MLS GRID #2020557 Report a problem | ||
| 4/2/2021 | Listing removed | -- |
Source:  Windermere Real Estate Report a problem | ||
| 11/6/2020 | Listed for sale | $2,095,000 |
Source: Windermere Real Estate/West Campus, Inc. #946901 Report a problem | ||
| 7/6/2020 | Pending sale | $2,095,000 |
Source: Windermere Real Estate/West Campus, Inc. #946901 Report a problem | ||
| 10/2/2018 | Listed for sale | $2,095,000 |
Source: Windermere Real Estate/West Campus, Inc. #946901 Report a problem | ||
| 8/18/2018 | Pending sale | $2,095,000 |
Source: Windermere Real Estate/West Campus, Inc. #946901 Report a problem | ||
| 6/7/2018 | Listed for sale | $2,095,000 |
Source: Windermere Real Estate/West Campus, Inc. #946901 Report a problem | ||
| 5/2/2018 | Listing removed | $2,095,000 |
Source: Windermere Real Estate/West Campus, Inc. #946901 Report a problem | ||
| 11/23/2016 | Price change | $2,095,000-8.9% |
Source: Windermere Real Estate/West Campus, Inc. #946901 Report a problem | ||
| 5/24/2016 | Listed for sale | $2,300,000+1050% |
Source: Windermere Real Estate/West Campus, Inc. #946901 Report a problem | ||
| 6/22/2004 | Sold | $200,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $21,703 +580.9% | $2,308,000 +612.3% |
| 2024 | $3,188 +4.1% | $324,000 +20% |
| 2023 | $3,062 +1% | $270,000 -9.7% |
| 2022 | $3,033 -0.5% | $299,000 +14.1% |
| 2021 | $3,047 +9.2% | $262,000 +16.4% |
| 2020 | $2,790 +1.9% | $225,000 |
| 2019 | $2,738 +3.6% | $225,000 |
| 2018 | $2,641 -10.8% | $225,000 +9.8% |
| 2017 | $2,963 +12.2% | $205,000 +9.6% |
| 2016 | $2,641 | $187,000 +4.5% |
| 2015 | $2,641 | $179,000 |
| 2014 | $2,641 | $179,000 +50.4% |
| 2013 | $2,641 | $119,000 |
| 2012 | -- | $119,000 -9.8% |
| 2011 | -- | $132,000 -41.6% |
| 2010 | -- | $226,000 |
| 2009 | -- | $226,000 |
| 2007 | -- | $226,000 +6.6% |
| 2006 | -- | $212,000 +8.2% |
| 2005 | -- | $196,000 +35.2% |
| 2001 | $1,960 +0.4% | $145,000 +4.3% |
| 2000 | $1,951 | $139,000 |
Find assessor info on the county website
Neighborhood: 98023
Nearby schools
GreatSchools rating
- 5/10Sherwood Forest Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 4/10Illahee Middle SchoolGrades: 5-8Distance: 1.4 mi
- 3/10Todd Beamer High SchoolGrades: 9-12Distance: 2.2 mi
- Washington
- King County
- Federal Way
- 98023
- 1525 SW 341st Place
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Nearby neighborhoods
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