Welcome to Madera West! This charming 1-bedroom, 1-bath condominium is nestled within a gated community in an established neighborhood and backs up to a lush greenbelt, creating a private and peaceful setting. Enjoy your morning coffee or unwind in the evening from the covered deck overlooking the tranquil surroundings. Completely remodeled inside, with new kitchen, tile, flooring, SS appliances, The home includes one covered parking space, one uncovered parking space, and additional storage on the balcony, with optional RV and boat parking available. Madera West offers an impressive selection of amenities, including a clubhouse with a fitness center, hot tub, outdoor pool, sports court, playgrounds, beautifully maintained gardens, and a dog park. Perfect for homeowners and investors alike, the community has NO Rental Cap, NO Special Assessments, and is VA and FHA Approved. Recent upgrades throughout the complex include new roofs, siding, windows, decks, and railings, all complemented by low HOA dues. Enjoy the Convenience of a prime location in a secure, gated community. This quiet and peaceful neighborhood offers privacy, comfort, and welcoming atmosphere.
Sold
Listed by: Berkshire Hathaway HS NW • Aleksander Prokhor
Bought with: Rain Town Realty + JPAR
$307,000
31500 33rd Place SW #U-206, Federal Way, WA 98023
1beds
797sqft
Condominium
Built in 1990
-- sqft lot
$292,200 Zestimate®
$385/sqft
$1,746 Estimated rent
Home value
$292,200
$278,000 - $307,000
$1,746/mo
Zestimate® history
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$2,202/mo
Est. payment
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$2,202/mo
Est. payment
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List your homeWhat's special
Gated communityNew kitchenCompletely remodeled insideBeautifully maintained gardens
Zillow last checked:
Listing updated:
Listed by:
Aleksander Prokhor,
Berkshire Hathaway HS NW
Bought with:
Jonnie Mooney, 108505
Rain Town Realty + JPAR
Source: NWMLS as distributed by MLS GRID,MLS#: 2554217
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Level: Second
Bathroom full
- Level: Second
Dining room
- Level: Second
Entry hall
- Level: Second
Kitchen with eating space
- Level: Second
Living room
- Level: Second
Utility room
- Level: Second
Heating
- Fireplace, Baseboard, Electric
Cooling
- None, Window Unit(s)
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s), Water Heater: electric, Water Heater Location: closet, Cooking - Electric Hookup, Cooking-Electric, Dryer-Electric
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Flooring: Ceramic Tile, Laminate
- Windows: Insulated Windows, Coverings: yes
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 797
- Total interior livable area: 797 sqft
Property
Parking
- Total spaces: 2
- Parking features: Carport, Uncovered
- Has carport: Yes
- Covered spaces: 1
- Uncovered spaces: 1
Features
- Levels: Two
- Stories: 2
- Entry location: Upper (2nd Floor)
- Patio & porch: Cooking-Electric, Dryer-Electric, Fireplace, Insulated Windows, Top Floor, Walk-In Closet(s), Washer, Water Heater
- Has view: Yes
- View description: See Remarks
Lot
- Size: 28.64 Acres
Details
- Parcel number: 5007901640
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Contemporary,Condo (2 Levels)
- Property subtype: Condominium
Materials
- Cement/Concrete, See Remarks, Wood Siding, Wood Products
- Roof: Composition
Condition
- Year built: 1990
- Major remodel year: 2005
Utilities & green energy
- Electric: Company: PSW
- Sewer: Company: HOA-Included
- Water: Company: HOA-included
- Utilities for property: Comcast, Comcast
Green energy
- Energy efficient items: Insulated Windows
Community & HOA
Community
- Security: Security Service
- Subdivision: Madrona
HOA
- Services included: Common Area Maintenance, Maintenance Grounds, Road Maintenance, Security, Sewer, Snow Removal, Water
- HOA fee: $305 monthly
- HOA phone: 866-473-2573
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $385/sqft
- Tax assessed value: $276,000
- Annual tax amount: $3,343
- Date on market: 8/13/2026
- Cumulative days on market: 8 days
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Total actual rent: 2000
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2026 | Sold | $307,000+2.4%$385/sqft |
Source:  NWMLS as distributed by MLS GRID #2554217 Report a problem | ||
| 7/22/2026 | Pending sale | $299,950$376/sqft |
Source: NWMLS as distributed by MLS GRID #2554217 Report a problem | ||
| 7/15/2026 | Listed for sale | $299,950+145.9%$376/sqft |
Source: NWMLS as distributed by MLS GRID #2554217 Report a problem | ||
| 8/30/2016 | Sold | $122,000+144%$153/sqft |
Source: Public Record Report a problem | ||
| 11/4/2013 | Sold | $50,000$63/sqft |
Source: NWMLS as distributed by MLS GRID #438430 Report a problem | ||
| 10/30/2013 | Pending sale | $50,000$63/sqft |
Source: RE/MAX Honors #438430 Report a problem | ||
| 10/25/2013 | Price change | $50,000+25%$63/sqft |
Source: RE/MAX Honors #438430 Report a problem | ||
| 7/4/2013 | Pending sale | $40,000$50/sqft |
Source: RE/MAX Honors #438430 Report a problem | ||
| 6/28/2013 | Listed for sale | $40,000$50/sqft |
Source: RE/MAX Honors #438430 Report a problem | ||
| 2/28/2013 | Pending sale | $40,000$50/sqft |
Source: RE/MAX Honors #438430 Report a problem | ||
| 1/12/2013 | Listed for sale | $40,000-75.7%$50/sqft |
Source: RE/MAX Honors #438430 Report a problem | ||
| 7/27/2006 | Sold | $164,550$206/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,343 +10.2% | $276,000 +5.7% |
| 2024 | $3,033 +1.8% | $261,000 -3% |
| 2023 | $2,978 +19.6% | $269,000 +8% |
| 2022 | $2,490 +4% | $249,000 +19.7% |
| 2021 | $2,393 +9% | $208,000 +16.2% |
| 2020 | $2,196 +7.9% | $179,000 +7.2% |
| 2019 | $2,035 +33.4% | $167,000 +30.5% |
| 2018 | $1,525 -7.1% | $128,000 +14.3% |
| 2017 | $1,643 +51.4% | $112,000 +17.9% |
| 2016 | $1,085 | $95,000 +10.5% |
| 2015 | $1,085 | $86,000 +21.1% |
| 2014 | $1,085 | $71,000 +36.5% |
| 2013 | $1,085 | $52,000 -26.8% |
| 2012 | -- | $71,000 -34.9% |
| 2011 | -- | $109,000 -16.2% |
| 2010 | -- | $130,000 |
| 2009 | -- | $130,000 -13.3% |
| 2007 | -- | $150,000 -4.5% |
| 2006 | -- | $157,000 |
Find assessor info on the county website
Neighborhood: Twin Lakes
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Nearby schools
GreatSchools rating
- 8/10Twin Lakes Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 5/10Lakota Middle SchoolGrades: 6-8Distance: 0.9 mi
- 4/10Decatur High SchoolGrades: 9-12Distance: 0.4 mi
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Estimated market value
$292,200
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Estimated market value
$292,200
- Washington
- King County
- Federal Way
- 98023
- Twin Lakes
- 31500 33rd Place SW Unit U-206
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