Discover an exceptional opportunity to bring your vision to life on approximately 4.68 acres in a highly convenient location that offers both accessibility and a peaceful natural setting. Zoned Community Business, this versatile property presents a wide range of potential development opportunities. Utilities are available in the street, adding to the property's appeal for future plans. According to King County, potential uses may include townhomes, apartments, community residential facilities, assisted housing, bed and breakfast accommodations, along with various residential accessory uses. Buyer to verify all permitted uses and development potential to their own satisfaction. The property is primarily lightly treed with a beautiful mix of mature evergreens and cedar trees, creating an inviting Northwest backdrop while preserving flexibility for future plans. A generous level area provides an excellent starting point for development, while the gently sloping rear portion adds character and dimension to the landscape. Conveniently located near shopping, dining, services, and major commuter routes, this rare offering combines outstanding potential with an exceptional location.
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Zillow last checked:
Listing updated:
Listed by:
Troy M. Lehman,
Redfin,
Yesay Semerjian,
Redfin
Source: NWMLS as distributed by MLS GRID,MLS#: 2555834
Facts & features
Interior
Features
Has fireplace: No
Interior area
Total structure area: 0
Property
Lot
Size: 4.68 Acres
Details
Parcel number: 0921049310
Zoning: CB
Zoning description: Business,Multi-Family,Residential,See Remarks,Jurisdiction: City
Special conditions: Standard
Utilities & green energy
Electric: In Street
Gas: In Street
Sewer: In Street
Water: In Street
Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Community
Subdivision: Federal Way
Location
Region: Federal Way
Financial & listing details
Annual tax amount: $2,779
Date on market: 8/3/2026
Cumulative days on market: 3 days
Road surface type: Paved
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
8/4/2026
Listed for sale
$1,500,000
Source: NWMLS as distributed by MLS GRID #2555834Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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.
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