Experience modern luxury in this stunning brand-new construction home in Federal Way. Offering 4 spacious bedrooms and 3.75 baths, this thoughtfully designed residence features soaring ceilings, an open-concept floor plan, and abundant natural light throughout. The chef-inspired kitchen flows seamlessly into the expansive living and dining areas, creating the perfect space for entertaining or everyday living. The luxurious primary suite provides a spa-like retreat, while additional bedrooms and bathrooms offer flexibility for guests or a home office. Enjoy seamless indoor-outdoor living with a covered patio overlooking the fully fenced backyard. Complete with a two-car garage, contemporary finishes, and quality craftsmanship throughout, this home combines style, comfort, and functionality in a convenient Federal Way location. The home is just a 15-minute walk or 3-minute drive to the light rail station, providing an easy commute to Bellevue, Seattle, and Lynnwood, and offers quick access to I-5 freeway entrances. All appliances and equipment are high-efficiency, enhancing comfort while helping to reduce energy costs. A rare opportunity to own a beautifully crafted, move-in-ready home.
Pending
Listed by: KW Greater Seattle • Itzel Martinez Johnston
$825,000
1848 S 312th Street, Federal Way, WA 98003
4beds
2,470sqft
Single Family Residence
Built in 2025
5,279 Square Feet Lot
$823,200 Zestimate®
$334/sqft
$-- HOA
What's special
Covered patioContemporary finishesQuality craftsmanship throughoutChef-inspired kitchenTwo-car garageAbundant natural light throughoutSoaring ceilings
- 40 days |
- 309 |
- 23 |
Zillow last checked:
Listing updated:
Listed by:
Itzel Martinez Johnston,
KW Greater Seattle,
Shonna Peterson,
KW Greater Seattle
Source: NWMLS as distributed by MLS GRID,MLS#: 2552542
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 3/4 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Main
Bathroom full
- Level: Second
Bathroom full
- Level: Second
Bathroom full
- Level: Second
Bathroom three quarter
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Heating
- Forced Air, Heat Pump, High Efficiency (Unspecified), Electric
Cooling
- Forced Air, Heat Pump, High Efficiency (Unspecified)
Appliances
- Included: Dishwasher, Disposal, Double Oven, Microwave, Refrigerator, Stove(s)/Range(s), Dishwasher(s), Garbage Disposal, Microwave(s), Refrigerator(s), Water Heater Location: Garage
Features
- Dining Room
- Flooring: Ceramic Tile, Laminate, Carpet
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 2,470
- Total interior livable area: 2,470 sqft
Property
Parking
- Total spaces: 4
- Parking features: Driveway, Attached Garage
- Has attached garage: Yes
- Covered spaces: 2
- Uncovered spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Second Primary Bedroom, Dining Room, Walk-In Closet(s)
- Has view: Yes
- View description: Territorial
Lot
- Size: 5,279 Square Feet
- Features: Paved, Sidewalk, Cable TV, Electric Car Charging, Fenced-Fully, Patio
- Topography: Level
- Residential vegetation: Garden Space
Details
- Parcel number: 7853600063
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional,2 Story
- Property subtype: Single Family Residence
Materials
- Cement Planked, Cement Plank
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Very Good
- New construction: Yes
- Year built: 2025
Details
- Builder name: MCR Construction Inc
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Sewer Connected, Company: LakeHaven Water & Sewer
- Water: Public, Company: LakeHaven Water & Sewer
- Utilities for property: Xfinity, Xfinity
Community & HOA
Community
- Subdivision: Steel Lake
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $334/sqft
- Tax assessed value: $581,000
- Annual tax amount: $6,142
- Date on market: 7/12/2026
- Cumulative days on market: 39 days
- Listing terms: Conventional,FHA
- Inclusions: Dishwasher(s), Double Oven, Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s)
Estimated market value
$823,200
$782,000 - $864,000
$4,279/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/3/2026 | Pending sale | $825,000$334/sqft |
Source:  NWMLS as distributed by MLS GRID #2552542 Report a problem | ||
| 7/10/2026 | Listed for sale | $825,000$334/sqft |
Source: NWMLS as distributed by MLS GRID #2552542 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,008 +365.4% | $581,000 +396.6% |
| 2024 | $1,291 -3.3% | $117,000 +9.3% |
| 2023 | $1,335 +5.1% | $107,000 -6.1% |
| 2022 | $1,271 -3.1% | $114,000 +9.6% |
| 2021 | $1,312 +8.4% | $104,000 +15.6% |
| 2020 | $1,210 +21.1% | $90,000 +18.4% |
| 2019 | $999 +7.3% | $76,000 +4.1% |
| 2018 | $931 -17% | $73,000 |
| 2017 | $1,122 -1.1% | $73,000 +4.3% |
| 2016 | $1,135 | $70,000 -10.3% |
| 2015 | $1,135 | $78,000 +6.8% |
| 2014 | $1,135 | $73,000 |
| 2013 | $1,135 | $73,000 |
| 2012 | -- | $73,000 -6.4% |
| 2011 | -- | $78,000 +4% |
| 2010 | -- | $75,000 |
| 2009 | -- | $75,000 +5.6% |
| 2007 | -- | $71,000 +4.4% |
| 2006 | -- | $68,000 +23.6% |
| 2005 | -- | $55,000 +17% |
| 2001 | $686 -3.7% | $47,000 |
| 2000 | $712 | $47,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Steel Lake
Nearby schools
GreatSchools rating
- 5/10Wildwood Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 5/10Sacajawea Middle SchoolGrades: 6-8Distance: 0.9 mi
- 3/10Federal Way Senior High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: Wildwood Elem
- Middle: Sacajawea Jnr High
- High: Federal Way Snr High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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