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    • Listed by: Real Broker LLC
    $1,395,000

    505 SW 366th Street, Federal Way, WA 98023

    5beds
    3,350sqft
    : 
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    Single Family Residence
    Built in 2023
    0.35 Acres Lot
    $1,362,800 Zestimate®
    $416/sqft
    $-- HOA

    What's special

    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.
    6 days
    |
    436
    |
    33
    |

    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

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      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: $416/sqft
      • Tax assessed value: $1,148,000
      • Annual tax amount: $10,775
      • Date on market: 6/19/2026
      • Cumulative days on market: 7 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

        $1,362,800

        $1.29M - $1.43M

        $5,192/mo

        Price history

        DateEventPrice
        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

        Est. payment

          Payment breakdown

          Explore the cost of this home by adjusting the details. Changes won't be saved.
          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.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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          Climate risks

          Neighborhood: 98023

          Getting around

          15 / 100
          Car-Dependent
          28 / 100
          Some Transit
          19 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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