Rare opportunity to unlock the potential of this level 13,375 SF corner lot in the highly desirable Dash Point area of Federal Way. Whether you're a builder, developer, investor, or ambitious buyer looking to create sweat equity, this property offers exceptional upside. The existing home is not currently habitable and is being sold as-is, making this an ideal candidate for redevelopment, renovation, or your next investment project. Sewer is connected, and utilities are on site. The level location provides excellent access, visibility, and flexibility for a variety of future possibilities (buyer to verify). Ideally located just minutes from Dash Point State Park, Puget Sound, shopping, dining, schools, parks, transit, and I-5, this property combines an outstanding location with tremendous potential. Large in-city parcels in Dash Point with this much opportunity are increasingly difficult to find. Bring your vision and explore the possibilities. Buyer to verify all information, including zoning, permitted uses, utilities, and development potential to their satisfaction.
Sold
Listed by: KW Lake Washington So • Sean Morris
Bought with: Realty One Group Pacifica
$389,500
4400 SW 313th Street, Federal Way, WA 98023
3beds
1,720sqft
Single Family Residence
Built in 1958
0.31 Acres Lot
$389,400 Zestimate®
$226/sqft
$3,028 Estimated rent
Home value
$389,400
$362,000 - $421,000
$3,028/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Offers reviewed: Jul 13
Listed by:
Sean Morris,
KW Lake Washington So
Bought with:
Alex Kondratyuk, 121121
Realty One Group Pacifica
Source: NWMLS as distributed by MLS GRID,MLS#: 2551435
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom three quarter
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Family room
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Heating
- Fireplace, Forced Air, Electric
Cooling
- None
Features
- Doors: French Doors
- Basement: None
- Number of fireplaces: 2
- Fireplace features: Wood Burning, Main Level: 2, Fireplace
Interior area
- Total structure area: 1,720
- Total interior livable area: 1,720 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached Garage, RV Parking
- Has attached garage: Yes
- Covered spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Fireplace, French Doors
- Has view: Yes
- View description: Sound, Territorial
- Has water view: Yes
- Water view: Sound
Lot
- Size: 0.31 Acres
- Features: Cul-De-Sac, Drought Resistant Landscape, Value In Land, Deck, RV Parking
- Topography: Partial Slope,Terraces
- Residential vegetation: Brush, Fruit Trees, Garden Space, Wooded
Details
- Parcel number: 2116500020
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Mid-Century Modern,1 Story
- Property subtype: Single Family Residence
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
Condition
- Year built: 1958
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & HOA
Community
- Subdivision: Dash Point
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $226/sqft
- Tax assessed value: $444,000
- Annual tax amount: $5,267
- Offers reviewed: 07/13/2026
- Date on market: 7/23/2026
- Cumulative days on market: 5 days
- Listing terms: Rehab Loan,See Remarks
Price history
| Date | Event | Price |
|---|---|---|
| 7/24/2026 | Sold | $389,500+29.8%$226/sqft |
Source:  NWMLS as distributed by MLS GRID #2551435 Report a problem | ||
| 7/14/2026 | Pending sale | $300,000$174/sqft |
Source: NWMLS as distributed by MLS GRID #2551435 Report a problem | ||
| 7/10/2026 | Listed for sale | $300,000$174/sqft |
Source: NWMLS as distributed by MLS GRID #2551435 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,691 -10.9% | $444,000 -15.1% |
| 2024 | $5,267 +1.1% | $523,000 +10.6% |
| 2023 | $5,209 +3.2% | $473,000 -7.4% |
| 2022 | $5,048 +7.1% | $511,000 +23.4% |
| 2021 | $4,714 +15.3% | $414,000 +23.2% |
| 2020 | $4,088 +4.8% | $336,000 +3.4% |
| 2019 | $3,902 +8.2% | $325,000 +4.5% |
| 2018 | $3,607 -11.2% | $311,000 +9.5% |
| 2017 | $4,063 +23.4% | $284,000 +11.4% |
| 2016 | $3,293 | $255,000 +6.3% |
| 2015 | $3,293 | $240,000 +6.7% |
| 2014 | $3,293 | $225,000 +9.8% |
| 2013 | $3,293 | $205,000 +7.9% |
| 2012 | -- | $190,000 -6.4% |
| 2011 | -- | $203,000 -16.1% |
| 2010 | -- | $242,000 |
| 2009 | -- | $242,000 -1.6% |
| 2007 | -- | $246,000 +9.3% |
| 2006 | -- | $225,000 +6.6% |
| 2005 | -- | $211,000 +36.1% |
| 2001 | $2,089 +3.5% | $155,000 +7.6% |
| 2000 | $2,018 | $144,000 |
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: 0.4 mi
- 5/10Lakota Middle SchoolGrades: 6-8Distance: 1.7 mi
- 4/10Decatur High SchoolGrades: 9-12Distance: 1.1 mi
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Estimated market value
$389,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$389,400
- Washington
- King County
- Federal Way
- 98023
- Twin Lakes
- 4400 SW 313th Street
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