Striking from the moment you enter, this beautifully updated 5-bedroom residence is nestled in the sought-after Twin Lakes neighborhood. Thoughtfully renovated and impeccably maintained, the home offers refined living spaces, generous storage, and exceptional versatility for modern living. The open-concept main level flows effortlessly, creating an inviting setting for both everyday living and entertaining. Expansive living areas on both levels provide flexibility for extended living, guests, or a potential MIL setup. Recent upgrades include new flooring and plush carpet throughout, abundant natural light, and a beautifully remodeled kitchen with an inviting eat-in dining area. The spacious primary suite features a well-organized closet with custom built-ins and a private bath, while a downstairs bedroom offers the added convenience of a walk-in closet. Downstairs laundry and ample storage enhance everyday functionality, and the oversized garage provides additional space for storage or hobbies. Outdoors, enjoy a private, fully fenced backyard with brand-new cedar fencing, a patio, and an upper back deck—perfect for relaxing evenings or hosting gatherings. Move-in ready and thoughtfully updated, this home blends comfort, flexibility, and timeless style in one of the area's most desirable communities.
Sold
Listed by: Olympic View Realty • Elena A. Neely
Bought with: John L. Scott Snohomish
$775,000
32527 23rd Avenue SW, Federal Way, WA 98023
5beds
2,760sqft
Single Family Residence
Built in 1973
8,298 Square Feet Lot
$764,800 Zestimate®
$281/sqft
$3,620 Estimated rent
Home value
$764,800
$704,000 - $826,000
$3,620/mo
Zestimate® history
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Downstairs laundryOversized garagePrivate fully fenced backyardAbundant natural lightSpacious primary suitePrivate bathRefined living spaces
Zillow last checked:
Listing updated:
Offers reviewed: Mar 16
Listed by:
Elena A. Neely,
Olympic View Realty,
Daria Gjylameti,
Olympic View Realty
Bought with:
Mark Gallagher, 86631
John L. Scott Snohomish
Source: NWMLS as distributed by MLS GRID,MLS#: 2483518
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 2
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bedroom
- Level: Lower
Bedroom
- Level: Lower
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Bathroom three quarter
- Level: Lower
Other
- Level: Lower
Dining room
- Level: Main
Entry hall
- Level: Main
Family room
- Level: Lower
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Lower
Heating
- Fireplace, 90%+ High Efficiency, Natural Gas
Cooling
- Has cooling: Yes
Appliances
- Included: Dishwasher, Disposal, Microwave, Refrigerator, Dishwasher(s), Garbage Disposal, Microwave(s), Refrigerator(s)
Features
- Bath Off Primary, Ceiling Fan(s), Dining Room
- Flooring: Ceramic Tile, Carpet
- Windows: Dbl Pane/Storm Window
- Basement: Daylight,Finished
- Number of fireplaces: 2
- Fireplace features: Wood Burning, Lower Level: 1, Main Level: 1, Fireplace
Interior area
- Total structure area: 2,760
- Total interior livable area: 2,760 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached Garage
- Has attached garage: Yes
- Covered spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, Walk-In Closet(s)
Lot
- Size: 8,298 Square Feet
- Features: Curbs, Paved, Sidewalk, Cable TV, Deck, Fenced-Fully, Gas Available
- Topography: Partial Slope
Details
- Parcel number: 6386700270
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story w/Bsmnt.
- Property subtype: Single Family Residence
Materials
- Brick, Cement Planked, Wood Siding, Cement Plank
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1973
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & HOA
Community
- Subdivision: Twin Lakes
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $281/sqft
- Tax assessed value: $644,000
- Annual tax amount: $6,128
- Offers reviewed: 03/16/2026
- Date on market: 5/4/2026
- Cumulative days on market: 79 days
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Garbage Disposal, Microwave(s), Refrigerator(s)
Price history
| Date | Event | Price |
|---|---|---|
| 4/16/2026 | Sold | $775,000$281/sqft |
Source:  NWMLS as distributed by MLS GRID #2483518 Report a problem | ||
| 3/18/2026 | Pending sale | $775,000$281/sqft |
Source: NWMLS as distributed by MLS GRID #2483518 Report a problem | ||
| 3/6/2026 | Listed for sale | $775,000+14.8%$281/sqft |
Source: NWMLS as distributed by MLS GRID #2483518 Report a problem | ||
| 10/5/2021 | Sold | $675,000+12.5%$245/sqft |
Source: NWMLS as distributed by MLS GRID #1832616 Report a problem | ||
| 9/6/2021 | Pending sale | $599,950$217/sqft |
Source:  RE/MAX International #1832616 Report a problem | ||
| 9/1/2021 | Listed for sale | $599,950+22.4%$217/sqft |
Source: RE/MAX International #1832616 Report a problem | ||
| 4/16/2020 | Sold | $490,000+5.4%$178/sqft |
Source: NWMLS as distributed by MLS GRID #1579650 Report a problem | ||
| 3/19/2020 | Pending sale | $465,000$168/sqft |
Source: Redfin Corp. #1579650 Report a problem | ||
| 3/18/2020 | Listed for sale | $465,000+29.2%$168/sqft |
Source: Redfin Corp. #1579650 Report a problem | ||
| 3/13/2008 | Listing removed | $359,950$130/sqft |
Source: NCI #27124683 Report a problem | ||
| 2/15/2008 | Price change | $359,950-1.4%$130/sqft |
Source: NCI #27124683 Report a problem | ||
| 8/17/2007 | Listed for sale | $364,950+85.8%$132/sqft |
Source: Owner Report a problem | ||
| 3/9/2001 | Sold | $196,400$71/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,653 +8.6% | $644,000 +5.9% |
| 2024 | $6,128 +1.5% | $608,000 +10.3% |
| 2023 | $6,035 +2.7% | $551,000 -7.9% |
| 2022 | $5,876 +8% | $598,000 +24.6% |
| 2021 | $5,438 +9.3% | $480,000 +16.5% |
| 2020 | $4,977 +16.7% | $412,000 +15.7% |
| 2019 | $4,264 +8.1% | $356,000 +4.4% |
| 2018 | $3,944 -7.1% | $341,000 +14.8% |
| 2017 | $4,244 +22.6% | $297,000 +10.4% |
| 2016 | $3,463 | $269,000 +7.6% |
| 2015 | $3,463 | $250,000 +5.5% |
| 2014 | $3,463 | $237,000 +24.7% |
| 2013 | $3,463 | $190,000 +7.3% |
| 2012 | -- | $177,000 -18.1% |
| 2011 | -- | $216,000 -13.3% |
| 2010 | -- | $249,000 |
| 2009 | -- | $249,000 +2.9% |
| 2007 | -- | $242,000 +7.6% |
| 2006 | -- | $225,000 +7.7% |
| 2005 | -- | $209,000 +22.2% |
| 2001 | $2,297 +3.5% | $171,000 +7.5% |
| 2000 | $2,220 | $159,000 |
Find assessor info on the county website
Neighborhood: Twin Lakes
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Nearby schools
GreatSchools rating
- 4/10Olympic View Elementary SchoolGrades: K-7Distance: 0.2 mi
- 4/10Decatur High SchoolGrades: 9-12Distance: 0.5 mi
- 3/10Technology Access Foundation Academy at SaghalieGrades: 6-12Distance: 0.9 mi
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Estimated market value
$764,800
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Estimated market value
$764,800
- Washington
- King County
- Federal Way
- 98023
- Twin Lakes
- 32527 23rd Avenue SW
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