$989,990
Est. $5,022/mo4 bd•2,931 sq ft
36515 3rd Place Sw #5, Federal Way, WA 98023
• Listed 2025-04-10•New today
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Based on information submitted to the MLS GRID as of May 29, 2026 at 5:17 PM PDT (date and time MLS GRID Data was obtained). 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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This brand-new, contemporary, energy efficient home By Ichijo USA is 2,931 sq ft and features 4 beds/2.75 baths, a covered patio, 2 car garage, and a 2nd floor balcony with spectacular Mt Rainier views, all on an 18,180 sq ft estate-sized homesite! Main-floor bedroom is adjacent to 3/4 bath. Upstairs is the spacious family room, 2 more bedrooms and a huge primary suite with a walk-in closet and a 5-piece bathroom! Only minutes away from I-5, grocery stores, dining, and schools. 15k buyer incentive with use of Preferred Lender! (Expires 5/31/2025) If represented by a broker, broker must accompany & register at 1st visit See Site Registration Policy 4772.
Listed by Kyle Summers • James & Associates R.E. Inc.
Listing updated: September 6, 2025 at 04:03am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2358539
5 recent nearby sales, priced between $750K and $1.03M.

$1,030,000Last sold price
36515 3rd Place Sw #5, Federal Way, WA 98023

$978,990Last sold price
36521 Sw 3rd Place Street #4, Federal Way, WA 98023

$990,490Last sold price
324 Sw 365th St #7, Federal Way, WA 98023
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$6,011 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedEstimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Federal Way is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 29 days.
Want a deeper read on this market?
Ask a RexMont agentMarket data via RentCast · Updated May 2026
1.7/10
Car required
Almost all errands need a car
1.6/10
Bike-limited
Few or no bike lanes
2.8/10
Some Transit
A few nearby transit options
Provided by Walk Score
Schools shown are the nearest public Elementary, Middle, and High school for this property. School district boundaries change — verify the assigned school with the district before purchasing.