31111 53 Avenue SW Federal Way WA 98023 MLS #NWM2388457

Welcome to this well-maintained home with stunning water views! Situated on a 0.64-acre lot with two parcel numbers, it offers great potential for future development. The main and upper levels feature 3 bedrooms, a spacious living room, family room, and a large bonus room. Relax on the wraparound deck and enjoy breathtaking sunsets over the Sound. The finished basement generates $1,600/month in rental income—an ideal blend of lifestyle and passive income. Don’t miss this rare opportunity to own a water-view home with space, flexibility, and investment potential!
Property Details
Price:
$1,150,000
MLS #:
NWM2388457
Status:
Active
Beds:
4
Baths:
3
Address:
31111 53 Avenue SW
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Dash Point
Neighborhood:
110 – Dash Point/Federal Way
City:
Federal Way
Listed Date:
Jun 5, 2025
State:
WA
Finished Sq Ft:
4,550
Total Sq Ft:
4,550
ZIP:
98023
Lot Size:
27,920 sqft / 0.64 acres (approx)
Year Built:
1947
Schools
School District:
Federal Way
Interior
Appliances
Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s)
Bathrooms
2 Full Bathrooms, 1 Three Quarter Bathroom
Cooling
Central A/ C
Fireplaces Total
2
Flooring
Vinyl, Carpet
Heating
90%+ High Efficiency, Forced Air
Exterior
Construction Materials
Concrete
Exterior Features
Cement/ Concrete
Parking Features
Attached Carport, Attached Garage, R V Parking
Parking Spots
6
Roof
Composition
Financial
Tax Year
2025
Taxes
$12,270
Map
Contact Us
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31111 53 Avenue SW
Federal Way, WA
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