Federal Way, WA 98003

Developers. Investors. Visionaries — This One Just Leveled Up. Now offering a rare double-lot opportunity totaling approx. 60,000 sq ft in the highly desirable Steel Lake area. This opportunity brings serious scale and flexibility for those ready to build and maximize potential. The property includes a 3,200 sq ft home + 750 sq ft DADU, creating immediate options—hold, rent, or redevelop while you plan your next move. Zoned RS7.2, this site presents strong potential for subdivision and multiple new homes or townhomes (buyer to verify)—making it ideal for both experienced developers and investors looking for their next value-add project. Large parcels like this—especially with existing structures and development flexibility—are becoming increasingly rare in established, well-located neighborhoods near shopping, schools, and major commuter routes. Two lots. Multiple paths. Unlimited upside. Build it. Scale it. Maximize it. (Please call Listing Broker for Information)!

Courtesy of NWMLS
Listing courtesy of Brooks Glenn of Windermere Real Estate Co.



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Last checked: 2026-04-27 07:34 PM PDT