Imagine Puget Sound sunsets across your sweeping view of the sound from your private stately residence. Situated on a winding corner lot sitting high above the neighboring homes this jewel of Marine Hills commands your admiration. Spread across three levels, this home features three bedrooms including a full top floor birds nest primary suite with huge en-suite and unique central jetted tub sure to catch the water view white you relax. Main floor offers a large living room with solid natural oak wood floors, anchored by an inviting gas fireplace and an open kitchen with both a formal dining room and a cozy eat-in breakfast nook all surrounded by a wrap around deck sure to take advantage of year round wildlife and water watching. Large 1/3 acre lot with mature landscaping sits high above the street for privacy with both a flat grassy area for activities or lounging and partitioned terraces for gardening and flora. Spacious 2 car garage and A/C! Optional membership to Marine Hills swim and tennis club.
Active
Listed by: WaLaw Realty LLC • Claire Kather
$1,299,900
505 S Marine Hills Way, Federal Way, WA 98003
3beds
3,100sqft
Single Family Residence
Built in 1981
0.3 Acres Lot
$1,273,000 Zestimate®
$419/sqft
$-- HOA
What's special
Inviting gas fireplaceOpen kitchenFormal dining roomCozy eat-in breakfast nookWinding corner lot
- 135 days |
- 508 |
- 22 |
Zillow last checked:
Listing updated:
Listed by:
Claire Kather,
WaLaw Realty LLC,
Marc Holmes,
WaLaw Realty LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2487991
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Bedroom
- Level: Lower
Bedroom
- Level: Lower
Other
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Split
Family room
- Level: Lower
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, 90%+ High Efficiency, Forced Air, Wall Furnace, Electric, Natural Gas
Cooling
- Has cooling: Yes
Appliances
- Included: Dishwasher, Double Oven, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s), Water Heater: Gas, Water Heater Location: Garage
Features
- Bath Off Primary, Ceiling Fan(s), Dining Room
- Flooring: Ceramic Tile, Hardwood, Carpet
- Windows: Dbl Pane/Storm Window, Skylight(s)
- Basement: Finished
- Number of fireplaces: 2
- Fireplace features: Gas, Lower Level: 1, Main Level: 1, Fireplace
Interior area
- Total structure area: 3,100
- Total interior livable area: 3,100 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached Garage
- Has attached garage: Yes
- Covered spaces: 2
Features
- Levels: Multi/Split
- Entry location: Split
- Patio & porch: Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, Jetted Tub, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
- Spa features: Bath
- Has view: Yes
- View description: Mountain(s), Sound, Territorial
- Has water view: Yes
- Water view: Sound
Lot
- Size: 0.3 Acres
- Features: Corner Lot, Curbs, Paved, Sidewalk, Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Patio, Sprinkler System
- Topography: Sloped,Terraces
- Residential vegetation: Fruit Trees, Garden Space
Details
- Parcel number: 5152980060
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Multi Level
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Poured Concrete, Slab
- Roof: Flat,Torch Down
Condition
- Year built: 1981
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: Lakehaven
- Water: Public, Company: Lakehave
- Utilities for property: Comcast Xfinify
Community & HOA
Community
- Subdivision: Marine Hills
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $419/sqft
- Tax assessed value: $1,125,000
- Annual tax amount: $11,197
- Date on market: 3/5/2026
- Cumulative days on market: 136 days
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Double Oven, Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Estimated market value
$1,273,000
$1.21M - $1.34M
$3,698/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/2/2026 | Price change | $1,299,900-3.7%$419/sqft |
Source:  NWMLS as distributed by MLS GRID #2487991 Report a problem | ||
| 3/5/2026 | Listed for sale | $1,349,900+9.2%$435/sqft |
Source: NWMLS as distributed by MLS GRID #2487991 Report a problem | ||
| 10/26/2021 | Sold | $1,236,000+3.4%$399/sqft |
Source: NWMLS as distributed by MLS GRID #1849700 Report a problem | ||
| 10/13/2021 | Pending sale | $1,195,000$385/sqft |
Source: NWMLS as distributed by MLS GRID #1849700 Report a problem | ||
| 10/7/2021 | Listed for sale | $1,195,000$385/sqft |
Source: NWMLS as distributed by MLS GRID #1849700 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,157 +8.9% | $1,125,000 +6.6% |
| 2024 | $10,245 -0.5% | $1,055,000 +10.6% |
| 2023 | $10,301 +3.3% | $954,000 -7.3% |
| 2022 | $9,976 +3.2% | $1,029,000 +19% |
| 2021 | $9,663 +9.9% | $865,000 +17.2% |
| 2020 | $8,791 +4.5% | $738,000 +3.7% |
| 2019 | $8,415 -1.5% | $712,000 -5.1% |
| 2018 | $8,543 -11.4% | $750,000 +9.6% |
| 2017 | $9,638 +20.6% | $684,000 +3% |
| 2016 | $7,992 | $664,000 +11.6% |
| 2015 | $7,992 | $595,000 +7% |
| 2014 | $7,992 | $556,000 +17.5% |
| 2013 | $7,992 | $473,000 -6.2% |
| 2012 | -- | $504,000 -6.1% |
| 2011 | -- | $537,000 -15.8% |
| 2010 | -- | $638,000 |
| 2009 | -- | $638,000 -3.3% |
| 2007 | -- | $660,000 +5.3% |
| 2006 | -- | $627,000 +6.8% |
| 2005 | -- | $587,000 +43.2% |
| 2001 | $5,402 +3.7% | $410,000 +7.6% |
| 2000 | $5,208 | $381,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Marine Hills
Nearby schools
GreatSchools rating
- 7/10Nautilus Elementary SchoolGrades: K-8Distance: 0.2 mi
- 3/10Federal Way Senior High SchoolGrades: 9-12Distance: 1.2 mi
- 5/10Sacajawea Middle SchoolGrades: 6-8Distance: 0.8 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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