Rare opportunity to own 6.84 picturesque acres (297,950± sq. ft.) in one of the South Sound's most desirable and accessible locations, with easy access to I-5, SR-18, Federal Way, and Milton. This versatile property blends privacy, natural beauty, and future investment potential.The gently rolling landscape offers potential for expansive open pasture, with mature trees and many fruit trees along the perimeter—ideal for an equestrian estate, hobby farm, private retreat, or legacy family compound. There's ample room for horses, livestock, barns, riding arenas, gardens, vineyards, or additional outbuildings.Existing improvements include a charming 1920 farmhouse (approx. 1,050 sq. ft.) ready for restoration or replacement, plus an 820 sq. ft. garage/barn/shop with office space or potential living quarters above. The home is served by septic, with public sewer available at the property corner for added flexibility.Zoned RS35.0, the property may offer potential for a 5–6 lot short plat (buyer to verify with the appropriate jurisdiction)—a rare find for builders, developers, or investors. Zoning also allows single-family residences, daycare, senior care, and other compatible uses.Whether your vision is an elegant country estate, premier equestrian property, or a prime development opportunity, this one-of-a-kind offering delivers rural serenity with urban accessibility, just minutes from shopping, dining, and major commuter routes.
Active
Listed by: RE/MAX Northwest • Jesse Paulson
$895,000
7005 Johnson Road NE, Federal Way, WA 98003
1beds
1,020sqft
:
Get pre-qualified$5,435/mo
Single Family Residence
Built in 1920
6.84 Acres Lot
$561,800 Zestimate®
$877/sqft
$-- HOA
What's special
Gently rolling landscape
- 17 hours |
- 67 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Jesse Paulson,
RE/MAX Northwest,
Mike E. Peters,
RE/MAX Northwest
Source: NWMLS as distributed by MLS GRID,MLS#: 2564765
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Bedroom
- Level: Main
Bathroom full
- Level: Main
Entry hall
- Level: Main
Kitchen without eating space
- Level: Main
Living room
- Level: Main
Heating
- Fireplace, Baseboard, Electric
Cooling
- None
Features
- Flooring: Vinyl, Carpet
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,020
- Total interior livable area: 1,020 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Detached Garage, Off Street
- Has garage: Yes
- Covered spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Fireplace
Lot
- Size: 6.84 Acres
- Features: Dead End Street, Open Lot, Value In Land, Outdoor Fireplace
- Topography: Level
- Residential vegetation: Brush, Fruit Trees, Garden Space, Wooded
Details
- Parcel number: 3221049032
- Zoning: RS35.0
- Zoning description: Jurisdiction: City
- Special conditions: See Remarks
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1920
Utilities & green energy
- Electric: Company: PSE
- Sewer: Available, Septic Tank
- Water: Public, Company: Highline
Community & HOA
Community
- Subdivision: Federal Way
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $877/sqft
- Tax assessed value: $579,000
- Annual tax amount: $5,831
- Date on market: 8/3/2026
- Cumulative days on market: 2 days
- Road surface type: Dirt
Estimated market value
$561,800
$472,000 - $663,000
$2,491/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/5/2026 | Listed for sale | $895,000$877/sqft |
Source:  NWMLS as distributed by MLS GRID #2564765 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,830 +6.1% | $579,000 +3.8% |
| 2024 | $5,494 -1% | $558,000 +10.5% |
| 2023 | $5,551 +3.3% | $505,000 -7.3% |
| 2022 | $5,374 +8.4% | $545,000 +25% |
| 2021 | $4,958 +12.5% | $436,000 +20.1% |
| 2020 | $4,406 +2.7% | $363,000 +1.4% |
| 2019 | $4,289 +8.1% | $358,000 +4.4% |
| 2018 | $3,969 -8.6% | $343,000 +12.8% |
| 2017 | $4,343 +22.4% | $304,000 +10.5% |
| 2016 | $3,550 | $275,000 +7.4% |
| 2015 | $3,550 | $256,000 +5.3% |
| 2014 | $3,550 | $243,000 +60.9% |
| 2013 | $3,550 | $151,000 -1.3% |
| 2012 | -- | $153,000 -10% |
| 2011 | -- | $170,000 -46.5% |
| 2010 | -- | $318,000 |
| 2009 | -- | $318,000 |
| 2007 | -- | $318,000 +30.9% |
| 2006 | -- | $243,000 +8% |
| 2005 | -- | $225,000 +48% |
| 2001 | $2,051 +4.4% | $152,000 +8.6% |
| 2000 | $1,965 | $140,000 |
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.Climate risks
Neighborhood: 98003
Nearby schools
GreatSchools rating
- 4/10Rainier View Elementary SchoolGrades: PK-5Distance: 2 mi
- 4/10Sequoyah Middle SchoolGrades: 6-8Distance: 2.4 mi
- 3/10Todd Beamer High SchoolGrades: 9-12Distance: 1.4 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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