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Pending
    • Listed by: Real Broker LLC • Tim McKeown
    Price cut: $40K (7/24)
    $1,279,000

    505 SW 366th Street, Federal Way, WA 98023

    5beds
    3,350sqft
    : 
    $7,527/mo
    Get pre-qualified
    Single Family Residence
    Built in 2023
    0.35 Acres Lot
    $1,259,600 Zestimate®
    $382/sqft
    $-- HOA

    What's special

    **Price Adjustment** Welcome to South Campus Estates — a coveted enclave of newer-construction homes in Federal Way. Built in 2023 by JK Monarch, this 5-bed, 3.25-bath Modern Farmhouse Craftsman offers 3,350 sq ft on a sprawling 15,118 sq ft lot, no HOA. The great room boasts soaring 18-foot ceilings, while the chef-inspired kitchen anchors the home with a 15-foot island, custom cabinetry to the ceiling, Quartz counters, and an oversized walk-in pantry. Engineered hardwood floors and generous hallways flow throughout. Upstairs, the spacious primary suite offers two closets and an en suite bath. A second en suite bedroom with its own ¾ bath joins two more bedrooms sharing a full bath, plus a bonus loft. A main-floor bedroom with a ¾ bath nearby offers flexible guest or office space. The seller commissioned substantial post-purchase upgrades, completed by the builder — including a 4th garage bay (housing a second kitchen with ADU potential), a backyard storage shed on a concrete slab, and the upstairs ¾ bath/second en suite conversion — a true investment beyond the recorded sale price. Enjoy 4 driveway spaces plus 4 in the garage. A large covered patio with TIG cover overlooks an expansive, level backyard — a blank canvas for landscaping, a pool, or a future DADU. Catch a partial Cascade Mountain view from the front of the home. Minutes to I-5, Costco, and West Hylebos Wetlands Park, with easy access to Seattle, Tacoma, SeaTac, and Puget Sound waterfront.
    58 days
    |
    446
    |
    19
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Tim McKeown,

    Real Broker LLC,

    Heather Field,

    Hawkins Poe

    Source: NWMLS as distributed by MLS GRID,MLS#: 2535682MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      • Full bathrooms: 1
      • 3/4 bathrooms: 3
      • Main level bathrooms: 1
      Primary bedroom
      • Level: Second
      Bedroom
      • Level: Second
      Bedroom
      • Level: Second
      Bedroom
      • Level: Second
      Bedroom
      • Level: Lower
      Bathroom full
      • Level: Second
      Bathroom three quarter
      • Level: Main
      Bathroom three quarter
      • Level: Second
      Bathroom three quarter
      • Level: Second
      Other
      • Level: Second
      Dining room
      • Level: Main
      Entry hall
      • Level: Main
      Great room
      • Level: Main
      Kitchen with eating space
      • Level: Main
      Utility room
      • Level: Second
      Heating
      • Fireplace, 90%+ High Efficiency, Heat Pump, Electric, Natural Gas
      Cooling
      • 90%+ High Efficiency, Heat Pump
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Washer(s), Water Heater: Electric Hybrid, Water Heater Location: Garage
      Features
      • Bath Off Primary, Ceiling Fan(s), Dining Room, Loft, Pantry
      • Flooring: Ceramic Tile, Engineered Hardwood, Carpet
      • Doors: French Doors
      • Windows: Dbl Pane/Storm Window
      • Basement: None
      • Number of fireplaces: 1
      • Fireplace features: Gas, Main Level: 1, Fireplace
      Interior area
      • Total structure area: 3,350
      • Total interior livable area: 3,350 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 8
      • Parking features: Driveway, Attached Garage, Off Street, RV Parking
      • Has attached garage: Yes
      • Covered spaces: 4
      • Uncovered spaces: 4
      Features
      • Levels: Two
      • Stories: 2
      • Entry location: Main
      • Patio & porch: Second Kitchen, Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, French Doors, Loft, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
      • Has view: Yes
      • View description: Territorial
      Lot
      • Size: 0.35 Acres
      • Features: Open Lot, Paved, Sidewalk, Fenced-Fully, High Speed Internet, Outbuildings, Patio, RV Parking, Shop
      • Topography: Level,Partial Slope
      Details
      • Parcel number: 7879650050
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Contemporary,2 Story
      • Property subtype: Single Family Residence
      Materials
      • Cement Planked, Cement Plank
      • Foundation: Poured Concrete
      • Roof: Composition
      Condition
      • Year built: 2023

      Utilities & green energy

      • Electric: Company: Puget Sound Energy
      • Sewer: Sewer Connected, Company: Lakehaven
      • Water: Public, Company: Lakehaven

      Community & HOA

      Community
      • Subdivision: Federal Way
      Location
      • Region: Federal Way

      Financial & listing details

      • Price per square foot: $382/sqft
      • Tax assessed value: $1,148,000
      • Annual tax amount: $10,775
      • Date on market: 6/24/2026
      • Cumulative days on market: 54 days
      • Listing terms: Conventional,FHA,VA Loan
      • Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)

        Estimated market value

        $1,259,600

        $1.20M - $1.32M

        $4,869/mo

        Price history

        DateEventPrice
        8/3/2026Pending sale$1,279,000$382/sqft
        Source: NWMLS as distributed by MLS GRID #2535682 Report a problem
        7/24/2026Price change$1,279,000-3%$382/sqft
        Source: NWMLS as distributed by MLS GRID #2535682 Report a problem
        7/12/2026Price change$1,319,000-5.4%$394/sqft
        Source: NWMLS as distributed by MLS GRID #2535682 Report a problem
        6/19/2026Listed for sale$1,395,000+14.3%$416/sqft
        Source: NWMLS as distributed by MLS GRID #2535682 Report a problem
        12/28/2023Sold$1,219,950+369.2%$364/sqft
        Source: Public Record Report a problem
        6/23/2023Sold$260,000$78/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$11,460 +6.4%$1,148,000 +3.9%
        2024$10,775 $1,105,000
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 98023

        Getting around

        15 / 100
        Car-Dependent
        29 / 100
        Some Transit
        19 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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