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$1,149,998
3118 S 337th Street , Federal Way, WA 98001
Federal Way, WA, 98001
Active · 48 days on market
2Beds
2Baths
1,160Sq Ft
1942Year built
0.7328Lot (acres)
Single Family ResidenceType

About this home

Situated on coveted North Lake waterfront, this rare offering includes 3 waterfront parcels totaling 31,319 SF, all sold together. The fully remodeled one-story, 2-bedroom, 1.75-bath rambler anchors the property, with over 82 feet of combined lake frontage across the 3 parcels. Enjoy it as one expansive waterfront retreat or explore the potential to build up to 2 additional homes. Inside, vaulted ceilings and a bright sunroom fill the home with natural light and frame spectacular lake views. The remodeled interior features custom cabinetry, quartz countertops, modern tiled bathrooms, a soaking tub, durable laminate flooring, and thoughtful updates throughout. Outside, a private dock and jacuzzi create an ideal setting for life on the water. Spend your days boating, paddleboarding, fishing, swimming, or relaxing along the shoreline, then take in spectacular North Lake sunsets. An oversized heated two-car garage offers generous space for vehicles, storage, lake toys, or a workshop. Previously operated as a successful Airbnb, the property offers flexibility as a primary residence, vacation retreat, or investment opportunity. Public sewer is located adjacent to all three parcels, while the existing home is currently served by septic. Buyer to verify sewer availability, connection requirements, and development feasibility. A rare opportunity to enjoy North Lake today with exciting possibilities for the future.

Interior features

Bath Off Primary
Ceiling Fan(s)
Dbl Pane/Storm Window
Dining Room
Fireplace
French Doors
Hot Tub/Spa
Skylight(s)
Vaulted Ceiling(s)
Water Heater

Exterior features

Cement Planked
Wood Products

Appliances

Dishwasher
Disposal
Dryer
Microwave
Refrigerator
Stove(s)/Range(s)
Washer

Parking

Driveway
Attached Garage
RV Parking

Schools

Elementary: Lake Dolloff Elem
Middle: Sequoyah Mid Sch
High: Todd Beamer High
District: Federal Way

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Courtesy of eXp Realty. The data relating to real estate for sale on this site comes in part from the Northwest Multiple Listing Service (NWMLS). Listings held by brokerage firms other than this brokerage are marked by the three-tree symbol; detailed information about such listings includes the name of the listing brokerage. This information is provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. All information is deemed reliable but not guaranteed and should be independently verified.

Based on information from the Northwest Multiple Listing Service as of October 9, 2026.

ARAgencyOne RealtyAgencyOne Realty · Questions about this home?