5118 SW 311 Place, Federal Way, WA 98023

• 4 beds |
• 2 baths |
• 2,020 sqft

Property Description

Perched to capture sweeping, unobstructed panorama views of Puget Sound, this iconic Pacific Northwest retreat is ready for its next chapter. Offered in its original condition, this home is ideal for buyers seeking a chance to renovate, restore, or reimagine a view property into their dream residence. Solid bones, timeless character, and endless potential make this a standout investment opportunity. The expansive unfinished 1,280 sq ft basement adds exceptional flexibility and value, ideal for a workshop, studio, wine cellar, fitness space, storage, or future expansion. Existing plumbing for an additional bathroom opens the door to even more possibilities. Enjoy seamless indoor-outdoor living with a spacious view deck, perfect for entertaining, relaxing, or morning coffee, soak in the incredible scenery year-round. Conveniently located with easy access to light rail (5 miles), Seattle/Tacoma airport (15 miles), shopping, parks, and commuter routes, this home offers a rare combination of peaceful living and unbeatable accessibility.

Listing Status:

Active

Data Last Updated:

April 30, 2026 at 7:22PM

Listing Office:

John L. Scott, Inc. : 360-876-7600

Listing Agent:

Allison Pringle : 360-876-7600

MLS ID:

2515671

Interior

• General: Dbl Pane/Storm WindowFireplacePantryVaulted Ceiling(s)Walk-In Closet(s)Water Heater
• Appliances: DishwasherDouble OvenDryerRefrigeratorStove(s)/Range(s)Washer
• Basement: DaylightUnfinished
• Flooring: HardwoodStoneVinylCarpet
• A/C: Forced Air
• Heating: Forced Air
• Fireplace: Wood BurningFireplaceFireplaces: 2

Exterior

• General: Wood
• Parking: Attached CarportParking spaces: 3

Construction

• Roofing: Composition
• General: TwoPoured Concrete

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Federal Way
• County: King

Lot

• Zoning: 3210200190
• View: MountainsOceanView

Utilities

• Water: Public
• Sewer: Septic Tank

Financial

• Source: nwmls