31021 20th Avenue S, Federal Way, Washington 98003

WA, Federal Way
$495,000
  • 0.69 Acre
  • Land Property Type
  • Active Status
Property Description

Opportunity is knocking with this expansive 0.69-acre (approx. 30,000 sq ft) parcel in the sought-after Steel Lake area. This is a true teardown, (720 square-foot single family home), making it the perfect blank canvas for your next project—whether you’re a first-time investor looking to get into development or a seasoned builder ready to maximize potential. Zoned RS7.2, the property offers strong subdivision potential for multiple single-family homes/Townhomes, (buyer to verify), giving you flexibility to build and scale in an established neighborhood. Large, usable lots like this are becoming increasingly rare—especially in a location close to shopping, schools, and major commuter routes. An incredible opportunity to create value from the ground up. Bring your vision, your plans, and your ambition—this is where your next project begins.

Source: NWMLS
Basic Details
  • Property Type: Land
  • Listing Type: For Sale
  • Listing ID: 2512126
  • Price: $495,000
  • Lot Area: 0.69 Acre
  • Status: Active
  • Office Name: Windermere Real Estate Co.
  • Agent Name: Brooks Glenn
  • Property Sub Type: Land
Features
  • Sewer Available
  • Utilities Electricity Available, Natural Gas Available
Address Map
  • Country US
  • State WA
  • County King
  • City Federal Way
  • Zipcode 98003
  • Street: 20th
  • Street Number: 31021
  • Street Suffix: Avenue
  • Longitude: W123° 41' 28.4''
  • Latitude: N47° 19' 24.3''
  • Directions: Head south on Pacific Hwy S (WA-99). Turn right onto S 312th St. Turn left onto 20th Ave S. Continue for about 0.2 miles—your destination, 31021 20th Ave S, will be on the right.
  • Mls Area Major: 110 - Dash Point/Federal Way
  • Street Dir Suffix: S
Neighborhood
  • High School District: Federal Way
Additional Information
  • Water Source: Available
  • On Market Date: 2026-04-23
Financial
  • Tax Annual Amount: 3820
Listing Information
  • List Agent Mls Id: 120553
  • List Office Mls Id: 7017
  • Listing Term: Cash,Conventional
  • Mls Status: Active
  • Modification Timestamp: 2026-04-27T23:39:15Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2026-04-23T22:19:20Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

Similar Properties

MLS On The Fly