3118 S 337th Street, Federal Way, WA 98001

$1,149,998
2
BD
2
BA
1,160
SqFt

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Listing Broker: eXp Realty; Ivan Grishko; 425-623-0363; ivan@grishkogroup.com

List Price
$1,149,998
Status
ACTIVE
MLS#
2592597
Days on Market
47
Bedrooms
2
Finished SqFt
1,160
Area Total SqFt
1160
Annual Tax Ammount
5919.4
Lot Size (sq ft)
31,919
Fireplace
Yes
Sewer
Available, Septic Tank

Property Description

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.

Additional Information

Community
North Lake
Style
10 - 1 Story
Basement
None
Year Built
1942
Total Covered Parking
2
Waterfront
Yes
Waterfront Description
Lake, No Bank
View
Lake, Territorial
Roof
Composition
Site Features
Cable TV, Dock, Fenced-Partially, Gas Available, Hot Tub/Spa, Outbuildings, Patio, RV Parking
Tax Year
2026
School District
Federal Way
Elementary School
Lake Dolloff Elem
Middle School
Sequoyah Mid Sch
High School
Todd Beamer High
Potential Terms
Cash, Conventional, FHA, VA Loan
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
Flooring
Ceramic Tile, Laminate
Driving Directions
From I-5 exit east onto S 366th St. At the circle head southeast on Weyerhaeuser Way S. At the next circle, head northeast onto 33rd Pl S, then quickly turn left onto S 337th St.
Appliance
Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
Appliances Included
Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Water Heater Type
Gas
Energy Source
Electric, Natural Gas
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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