Sold910d on market
5126 SW 311th Place
Federal Way, WA, 98023 • Twin Lakes • King County
$1,350,000
$418/sqft
4Beds
3Baths
3,230Sqft
0.86 acLot
1943Built
Property DNA
Waterfront Property
Bulkhead, No Bank, Sound
Sound Views
Sound
Character Home
Built 1943 · 83 years of history
Dash Point
Twin Lakes
Outdoor Living
Fir/Softwood · Hardwood · Bath Off Primary · Built-In Vacuum · Ceiling Fan(s) · Double Pane/Storm Window · Dining Room · Jetted Tub · Security System · Skylight(s) · Vaulted Ceiling(s) · Walk-In Pantry · Wired for Generator · Fireplace · Water Heater
2 Fireplaces
Gas · Main Level: 2 · Fireplace
2-Car Garage
Attached Garage
Engineered Hardwood & Softwood & Hardwood Floors
Quality flooring throughout
This home is in high demand
Listed 910 days ago · 20 views · Top 9% likely to sell soon
Market activity
Demand and pricing signals for this listing
20 views
People checking out this listing
910 days on market
Established listing
$418/sqft
Price per square foot
Selling Soon Prediction
Very HighThis home ranks in the top 9% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Single Family · Built 1943
Embrace waterfront living at its finest in this Puget Sound sanctuary. Enjoy mornings paddling the sound or mooring your boat & afternoons on your patio, watching marine life. What has been called a fairytale house offers a private 50' deeded beach, boat shed & miles to roam further up/down the beach. Nestled away, this home features 2-car garage & mature landscaping w/fruit trees. A charming Dutch door greets you as you step inside to see amazing views of Maury Island & Olympic Mtns, open kitchen & spacious dining for entertaining. Several bonus rooms await your creativity. Primary suite boasts expansive views w/well-positioned tub for eagle-watching. Dash Point & Palisade Park are within 1/2 mile. Don't wait to own this tranquil retreat.
Standout features identified
Our analysis highlights mature landscaping, olympic mtns, and palisade park as key attractions of this home.
Estimated monthly payment
Based on current rates
$8,406/month
Principal & Interest$6,606
Property Tax$1,350
Insurance$450
Down payment20% ($270,000)
3%50%
Est. 6.19% rate · 30yr fixed · $1,080,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1943
HeatingFireplace, Forced Air, Heat Pump, Hot Water Recirc Pump, Tankless Water Heater, Electric, Natural Gas
CoolingHeat Pump
Parking2 Attached Garage spaces
Lot0.86 Acres
Property
Home typeSingle Family
Sub-typeSingle Family Residence
ConditionGood
Year built1943
Stories2
Systems
HeatingFireplace, Forced Air, Heat Pump, Hot Water Recirc Pump, Tankless Water Heater, Electric, Natural Gas
CoolingHeat Pump
RoofComposition
ConstructionWood Siding
Water / SewerPublic, Company: TPU / Septic Tank, Company: Private Septic
Parking & Outdoor
ParkingAttached Garage
Garage2 spaces
BasementPartially Finished
Fireplaces2
Lot0.86 Acres
Location & Tax
NeighborhoodTwin Lakes
Annual tax$12,212
Parcel3210200185
Bathrooms & Fees
Full baths2
Features & details
16 categories of property features
Interior Features
Interior
Bath Off Primary
Central Vacuum
Ceiling Fan(s)
Dining Room
Appliances
Dishwasher_
Dryer
GarbageDisposal_
Microwave_
Refrigerator_
StoveRange_
Washer
Dishwasher
Garbage Disposal
Microwave
Refrigerator
StoveRange
Water Heater: Gas
Water Heater Location: Garage
Flooring
Engineered Hardwood
Softwood
Hardwood
Heating
Fireplace
Forced Air
Heat Pump
Hot Water Recirc Pump
Tankless Water Heater
Electric
Natural Gas
Cooling
Heat Pump
Fireplace
Gas
Main Level: 2
Fireplace
Windows
Double Pane/Storm Window
Skylight(s)
Exterior Features
Parking
Attached Garage
Construction
Wood Siding
Patio & Porch
Fir/Softwood
Hardwood
Bath Off Primary
Built-In Vacuum
Ceiling Fan(s)
Double Pane/Storm Window
Dining Room
Jetted Tub
Security System
Skylight(s)
Vaulted Ceiling(s)
Walk-In Pantry
Wired for Generator
Fireplace
Water Heater
Lot Features
Drought Res Landscape
Paved
Secluded
Boat House
Fenced-Partially
Gas Available
Patio
Community
Trail(s)
Security
Security System
Views
Sound
Utilities
Xfinity
Comcast
Other Equipment
Wired for Generator
Room details
16 rooms detailed
Master Bedroom
SecondBedroom
SecondBedroom
MainBedroom
MainBathroom Full
SecondBathroom Full
MainListing insights
Market data and value estimates
StatusSold
Days on market910
Est. value$1,487,700
Est. rent$4,217/mo
Tax rate0.82%
Price/sqft$418
On marketSep 30, 2023
PostedSep 6, 2023
Last sold$1,350,000
MLS statusSold
MLS updatedOct 11, 2023
Tour days6
Views20
How are the schools in Federal Way?
3 schools rated nearby
Location
Federal Way, WA, 98023
Price history
5 events
DateEventPrice$/sqftSource
Oct 10, 2023Sold$1,350,000$418NWMLS as distributed by MLS GRID
Sep 17, 2023Pending Sale$1,380,000$427NWMLS as distributed by MLS GRID
Sep 6, 2023Listed For Sale$1,380,000$427NWMLS as distributed by MLS GRID
Jun 24, 1997Sold$372,500$115Public Record
Apr 7, 1995Sold$372,500$115Public Record
Sold$1,350,000
Oct 10, 2023•$418/sqft•NWMLS as distributed by MLS GRID
Pending Sale$1,380,000
Sep 17, 2023•$427/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$1,380,000
Sep 6, 2023•$427/sqft•NWMLS as distributed by MLS GRID
Sold$372,500
Jun 24, 1997•$115/sqft•Public Record
Sold$372,500
Apr 7, 1995•$115/sqft•Public Record
Tax history
21 years of records
YearTax paidAssessed value
Apr 8, 2024$12,529$1,297,000
Apr 8, 2023$12,608$1,172,000
Apr 8, 2022$12,212$1,264,000
Apr 8, 2021$11,409$1,024,000
Apr 8, 2020$10,370$873,000
Apr 8, 2019$9,301$788,000
Apr 8, 2018$8,509$747,000
Apr 8, 2017$9,596$681,000
Apr 8, 2016$7,353$610,000
Apr 8, 2015$7,353$547,000
Apr 8, 2014$7,353$511,000
Apr 8, 2013$7,353$432,000
Apr 8, 2012—$564,000
Apr 8, 2011—$601,000
Apr 8, 2010—$714,000
Apr 8, 2009—$714,000
Apr 8, 2007—$668,000
Apr 8, 2006—$634,000
Apr 8, 2005—$571,000
Apr 8, 2001$6,116$465,000
Apr 8, 2000$5,894$432,000
Nearby homes
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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Based on information submitted to the MLS GRID as of 2026-04-07 18:28:54 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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