Open houses
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Nearby open houses (8)
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Open Sat, May 30
Open Sat, May 30
Open Sat, May 30 +1
Open Sat, May 30 +2
Open Sat, May 30 +2
Open Sat, May 30 +1
Open Sat, May 30
Open Sat, May 30 +1$400,000
Est. $2,029/mo1 bd•720 sq ft
31021 20th Avenue S, Federal Way, WA 98003
• Listed 2026-04-23•2 days on market
MLS GRID Disclaimer
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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
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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.
Listed by Brooks Glenn • Windermere Real Estate Co.
Listing updated: May 27, 2026 at 01:57pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2513002
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (8)
See more →Open Sat, May 30Open Sat, May 30Open Sat, May 30 +1Open Sat, May 30 +2Open Sat, May 30 +2Open Sat, May 30 +1Open Sat, May 30Open Sat, May 30 +11 recent nearby sale, priced between $530K and $530K.
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$2,429 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%.
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
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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 38 days.
$949,422 Sold
2 months ago
5 bd•2 ba•~2,983 sq ft•Single Family
30218 11th Place S, Federal Way, WA 98003
0%
Over list
—
Days on market
0.7 mi
Distance
$922,580 Sold
5 months ago
5 bd•2 ba•~2,983 sq ft•Single Family
30214 11th Place S, Federal Way, WA 98003
0%
Over list
—
Days on market
0.7 mi
Distance
$580,000 Sold
5 months ago
4 bd•1 ba•~2,320 sq ft•Single Family
30012 8th Avenue S, Federal Way, WA 98003
5%
Over list
—
Days on market
0.9 mi
Distance
$750,000 Sold
5 months ago
5 bd•3.5 ba•~2,600 sq ft•Single Family
29628 22nd Avenue S, Federal Way, WA 98003
0%
Over list
—
Days on market
0.9 mi
Distance
$452,500 Sold
6 months ago
3 bd•2 ba•~1,185 sq ft•Single Family
30310 6th Avenue S, Federal Way, WA 98003
5%
Under list
—
Days on market
0.9 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data via RentCast · Updated May 2026
8.0/10
Very Walkable
Most errands can be done on foot
6.0/10
Bikeable
Some bike infrastructure
5.7/10
Good Transit
Many 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.
