Builder Opportunity – Nearly Shovel-Ready Premium Lot. Perfect location for your dream home or new construction project. Prime Federal Way location near I-5, future light rail, shopping & parks. Surrounding new homes often sell $800,000 plus range. Most major due diligence is complete: Arborist reports, wetlands delineation + buffer notes, steep slopes evaluated with setbacks reduced, buildable area designated, site plan available, Use Process 3 started, pre-app notes on file, stormwater mitigation approach ready. Flexible footprint—bring your plan or consider concepts like Adair’s “Everett” (40’x42’). Rendering of The Everett home fits the available footprint on the lot. Excellent territorial views.
Active
Listed by: Sound Point Real Estate LLC • Keith C. Bruce
$184,950
32540 44th Avenue S, Federal Way, WA 98001
--beds
--baths
9,247Square Feet
Unimproved Land
Built in ----
9,247 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Excellent territorial views
- 310 days
- 99
- 8
Zillow last checked:
Listing updated:
Listed by:
Keith C. Bruce,
Sound Point Real Estate LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2448897
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 9,247 Square Feet
- Features: Paved
- Topography: Level,Sloped
Details
- Parcel number: 2824100270
- Zoning description: Residential,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: In Street
- Gas: In Street
- Sewer: In Street
- Water: In Street, Jurisdiction: Federal Way
- Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Community
- Subdivision: Jovita
Location
- Region: Federal Way
Financial & listing details
- Tax assessed value: $86,000
- Annual tax amount: $748
- Date on market: 11/17/2025
- Cumulative days on market: 290 days
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
$2,580/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/29/2026 | Price change | $184,950-7.5% |
Source:  NWMLS as distributed by MLS GRID #2448897 Report a problem | ||
| 4/23/2026 | Listed for sale | $199,950 |
Source: NWMLS as distributed by MLS GRID #2448897 Report a problem | ||
| 4/2/2026 | Pending sale | $199,950 |
Source: NWMLS as distributed by MLS GRID #2448897 Report a problem | ||
| 1/30/2026 | Price change | $199,950-7% |
Source: NWMLS as distributed by MLS GRID #2448897 Report a problem | ||
| 12/12/2025 | Price change | $214,950-10.4% |
Source: NWMLS as distributed by MLS GRID #2448897 Report a problem | ||
| 10/27/2025 | Listed for sale | $239,950+100% |
Source: NWMLS as distributed by MLS GRID #2448897 Report a problem | ||
| 9/15/2023 | Sold | $120,000-14.3% |
Source: NWMLS as distributed by MLS GRID #2037053 Report a problem | ||
| 7/18/2023 | Pending sale | $140,000 |
Source: NWMLS as distributed by MLS GRID #2037053 Report a problem | ||
| 6/27/2023 | Listed for sale | $140,000 |
Source: NWMLS as distributed by MLS GRID #NWM2037053 Report a problem | ||
| 6/9/2023 | Pending sale | $140,000 |
Source: NWMLS as distributed by MLS GRID #NWM2037053 Report a problem | ||
| 5/21/2023 | Price change | $140,000-30% |
Source: NWMLS as distributed by MLS GRID #NWM2037053 Report a problem | ||
| 3/17/2023 | Pending sale | $200,000 |
Source: NWMLS as distributed by MLS GRID #NWM2037053 Report a problem | ||
| 2/27/2023 | Price change | $200,000+33.3% |
Source: NWMLS as distributed by MLS GRID #2037053 Report a problem | ||
| 2/17/2023 | Listed for sale | $150,000 |
Source: NWMLS as distributed by MLS GRID #2037053 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $808 +8% | $86,000 +6.2% |
| 2024 | $748 +830.3% | $81,000 +1057.1% |
| 2023 | $80 +10.3% | $7,000 |
| 2022 | $73 -11.3% | $7,000 |
| 2021 | $82 -5.8% | $7,000 |
| 2020 | $87 +0.3% | $7,000 |
| 2019 | $87 +3.5% | $7,000 |
| 2018 | $84 -16.5% | $7,000 |
| 2017 | $101 -1.8% | $7,000 |
| 2016 | $103 | $7,000 |
| 2015 | $103 | $7,000 |
| 2014 | $103 | $7,000 |
| 2013 | $103 | $7,000 |
| 2012 | -- | $7,000 |
| 2011 | -- | $7,000 -12.5% |
| 2010 | -- | $8,000 |
| 2009 | -- | $8,000 |
| 2007 | -- | $8,000 |
| 2006 | -- | $8,000 |
| 2005 | -- | $8,000 |
| 2001 | $113 -13.1% | $8,000 -11.1% |
| 2000 | $130 | $9,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 98001
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