Seize the potential of 5.29 acres in Federal Way, zoned RS 7.2 for various permitted uses! From single-family homes (~28 lots est) to community/rec center/clubhouse, church/place of worship, school, daycare, special needs housing, public utilities/transit center, cemetery or cottage food operation. Existing features include a community garden setup, outbuildings, & a 570-sf small home structure. Sewer, city water, and all other utilities in street for development. Fully improved streets on E, S, & N sides. A driveway is already in place, ready to support your development vision. Park & ride adjacent, grocery shopping, business services close by. Easy access to I-5. Sold AS IS—don't miss this opportunity to bring your dream project to life!
Pending
$2,850,000
34249 21st Ave SW, Federal Way, WA 98023
--beds
0baths
5.29Acres
Unimproved Land
Built in ----
5.29 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 365 days
- 11
- 0
Zillow last checked:
Listed by:
David R. Knight,
Keller Williams Mountains to Sound Realty 253-220-8371
Source: REALSTACK,MLS#: 2352205
Facts & features
Interior
Property
Lot
- Size: 5.29 Acres
Details
- Parcel number: 242103900501
Community & HOA
Location
- Region: Federal Way
Financial & listing details
- Tax assessed value: $70,500
- Annual tax amount: $1,089
- Date on market: 9/11/2025
- Lease term: Contact For Details
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/11/2025 | Pending sale | $2,850,000 |
Source: REALSTACK #2352205 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2017 | $1,089 +12.4% | $70,500 +9.8% |
| 2016 | $969 | $64,200 -63.5% |
| 2015 | -- | $175,800 +187.3% |
| 2014 | $969 | $61,200 +60.6% |
| 2013 | $969 | $38,100 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Twin Lakes
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