505 SW 366th Street, Federal Way, WA 98023
- $1,279,000
- 5
- BD
- 4
- BA
- 3,350
- SqFt
Listing courtesy of Real Broker LLC.
- List Price
- $1,279,000
- Status
- ACTIVE
- MLS#
- 2535682
- Price Change
- ▼ $40,000 1784922750
- Days on Market
- 37
- Bedrooms
- 5
- Finished SqFt
- 3,350
- Area Total SqFt
- 3350
- Annual Tax Ammount
- 10775
- Lot Size (sq ft)
- 15,118
- Fireplace
- Yes
- Sewer
- Sewer Connected
Property Description
**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.
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Additional Information
- Community
- Federal Way
- Style
- 12 - 2 Story
- Basement
- None
- Year Built
- 2023
- Total Covered Parking
- 4
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Fully, High Speed Internet, Outbuildings, Patio, RV Parking, Shop
- Tax Year
- 2025
- School District
- Federal Way
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Interior Features
- 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
- Flooring
- Ceramic Tile, Engineered Hardwood, Carpet
- Driving Directions
- From I-5: Exit 142B to WA-18 W for 0.4 mi. Left onto Pac Hwy S (0.6 mi), Right onto # 356th St (1.0 mi). Left onto 6th Ave SW (0.6 mi), Left onto SW 366th St for 300 ft. House will be on Right side.
- 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 Location
- Garage
- Water Heater Type
- Electric Hybrid
- 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.