For Sale95d on market

1248 SW 312th Street

Federal Way, WA, 98023 • Lake Ota • King County

$250,000

-$35,000 since Apr 3, 2026

1.1 acLot

Property DNA

2 highlights

Res-Over 1 Acre Style

Res-Over 1 Acre architecture

Dash Point

Lake Ota

This home is getting attention

Listed 95 days ago · 273 views · 11 saves

Market activity

Demand and pricing signals for this listing

273 views

People checking out this listing

11 saves

Buyers have saved this home

95 days on market

Established listing

About this home

Lot

An exceptional opportunity in the heart of Dash Point! This 1+ acre level parcel is full of potential for a private estate or possible development. Utilities are conveniently located in the street. Located within walking distance to Mirror Lake and just minutes from shopping, dining, entertainment and easy commuting access. A rare opportunity to own a lot of this size in the area. Buyer to verify all information.

Estimated monthly payment

Based on current rates

$1,556/month

Principal & Interest$1,223

Property Tax$250

Insurance$83

Down payment20% ($50,000)

3%50%

Est. 6.18% rate · 30yr fixed · $200,000 loan

Full calculator →

At a glance

Key facts and listing details

Property

Home typeLot

Sub-typeUnimproved Land

StyleRes-Over 1 Acre

Systems

Water / SewerIn Street / In Street

Parking & Outdoor

Lot1.12 Acres

Location & Tax

NeighborhoodLake Ota

Annual tax$3,027

Parcel0721049226

Features & details

3 categories of property features

Exterior Features

Lot Features

Curbs

Paved

Sidewalk

Utilities

Electricity Available

Gas

Not Available

Listing insights

Market data and value estimates

StatusFor Sale

Days on market95

Est. rent$1,821/mo

Tax rate0.82%

On marketJan 25, 2026

PostedJan 1, 2026

Last sold$185,000

MLS statusActive

MLS updatedApr 3, 2026

Tour days6

Favorites11

How are the schools in Federal Way?

3 schools rated nearby

Adelaide Elementary School

Primary • Public • PK-5

0.5 mi

Lakota Middle School

Middle • Public • 6-8

0.2 mi

Decatur High School

High • Public • 9-12

0.9 mi

Location

Federal Way, WA, 98023

Expand map

Price history

7 events

DateEventPrice$/sqftSource

Apr 3, 2026Price Change$250,000—NWMLS as distributed by MLS GRID

Mar 3, 2026Price Change$285,000—NWMLS as distributed by MLS GRID

Jan 29, 2026Listed For Sale$330,000—NWMLS as distributed by MLS GRID

Jan 4, 2026Pending Sale$330,000—NWMLS as distributed by MLS GRID

Jan 1, 2026Listed For Sale$330,000—NWMLS as distributed by MLS GRID

Aug 28, 2020Sold$185,000—NWMLS as distributed by MLS GRID

Apr 23, 1998Sold$70,000—Public Record

Price Change$250,000

Apr 3, 2026•NWMLS as distributed by MLS GRID

Price Change$285,000

Mar 3, 2026•NWMLS as distributed by MLS GRID

Listed For Sale$330,000

Jan 29, 2026•NWMLS as distributed by MLS GRID

Pending Sale$330,000

Jan 4, 2026•NWMLS as distributed by MLS GRID

Listed For Sale$330,000

Jan 1, 2026•NWMLS as distributed by MLS GRID

Sold$185,000

Aug 28, 2020•NWMLS as distributed by MLS GRID

Sold$70,000

Apr 23, 1998•Public Record

Tax history

21 years of records

YearTax paidAssessed value

Apr 7, 2024$3,027$330,000

Apr 7, 2023$3,161$298,000

Apr 7, 2022$2,585$271,000

Apr 7, 2021$2,376$216,000

Apr 7, 2020$2,229$190,000

Apr 7, 2019$1,860$159,000

Apr 7, 2018$1,715$152,000

Apr 7, 2017$1,941$139,000

Apr 7, 2016$1,721$127,000

Apr 7, 2015$1,721$121,000

Apr 7, 2014$1,721$121,000

Apr 7, 2013$1,721$86,000

Apr 7, 2012—$86,000

Apr 7, 2011—$103,000

Apr 7, 2010—$115,000

Apr 7, 2009—$115,000

Apr 7, 2007—$90,000

Apr 7, 2006—$84,000

Apr 7, 2005—$78,000

Apr 7, 2001$741$57,000

Apr 7, 2000$741$55,000

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Neighborhood details

Local context around this listing

Federal Way, WA • King County

Nearby neighborhoods

AdelaideAlderbrookCampus HighlandsLaurelwoodMadronaMirror LakeRedondoSteel LakeTwin LakesWest Campus

Nearby cities

AuburnBellevueBothellFederal WayKentKirklandRedmondRenton

Nearby zip codes

98003980239806398093

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Value estimates

Live

Est. rent$1,821/mo

30yr rate est.6.18%

Affordability$1,496/mo

Accepted financing

ConventionalFHAVA Loan

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Based on information submitted to the MLS GRID as of 2026-04-07 01:34:24 PDT. 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. [Click here for more information](/mls-disclaimers/#39)

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