For Rent91d on market
5112 SW 311th Pl
Federal Way, WA, 98023 • Twin Lakes • King County
$4,500/mo
$2/sqft
3Beds
3Baths
2,640Sqft
Property DNA
Hardwood Floors
Quality flooring throughout
This home is getting attention
Listed 91 days ago · 585 views · 44 saves
Market activity
Demand and pricing signals for this listing
585 views
People checking out this listing
44 saves
Buyers have saved this home
91 days on market
Established listing
$2/sqft
Price per square foot
About this home
Single Family
Exceptionally rare, very private & inviting urban oasis situated on a stunning 1.5 acres, with 125 feet of no bank waterfront! Lovely custom built home offers incredible views of Puget Sound, mountains & sunsets. Abundant view decks with amazing views! Elegant sunken living rm & dining rm with gracious beamed ceilings & grand fireplace. Recent floor to ceiling remodeling. New plumbing and electric system, new bathrooms, new septic system and new kitchen...Too many to listing! Lovely trail leads to an enchanting sandy beach & cabana. At low tide you can walk for miles. Furniture not included. Cottage available at additional costs. Renter is responsible for utilities. No smoking. Last month's rent due at signing.
Standout features identified
Our analysis highlights grand fireplace and gracious beamed ceilings as key attractions of this home.
Estimated monthly payment
Based on current rates
$29/month
Principal & Interest$23
Property Tax$5
Insurance$2
Down payment20% ($900)
3%50%
Est. 6.75% rate · 30yr fixed · $3,600 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
HeatingForced Air
PetsNo Pets
ParkingDetached
LaundryIn Unit
Deposit & fees$4,500
One-time fees$4,535
Property
Home typeSingle Family
Sub-typeSingle Family Residence
Systems
HeatingForced Air
Parking & Outdoor
ParkingDetached
Location & Tax
NeighborhoodTwin Lakes
Annual tax$17,598
Parcel3210200205
Bathrooms & Fees
Full baths2
Features & details
6 categories of property features
Interior Features
Appliances
Dishwasher
Dryer
Freezer
Microwave
Oven
Refrigerator
Washer
Flooring
Hardwood
Heating
Forced Air
Laundry
In Unit
Exterior Features
Exterior
Heating system: Forced Air
Parking
Detached
Listing insights
Market data and value estimates
StatusFor Rent
Days on market91
Est. value$1,542,300
Est. rent$3,816/mo
Tax rate0.82%
Price/sqft$2
On marketJan 6, 2026
PostedJan 6, 2026
Last sold$1,000,000
MLS updatedMar 1, 2026
Tour days6
Views585
Favorites44
How are the schools in Federal Way?
3 schools rated nearby
Location
Federal Way, WA, 98023
Price history
10 events
DateEventPrice$/sqftSource
Jan 6, 2026Listed For Rent$4,500$2Zillow Rentals
Sep 3, 2025Listing Removed$4,500$2Zillow Rentals
Jun 15, 2025Price Change$4,500$2Zillow Rentals
Jun 5, 2025Price Change$4,980$2Zillow Rentals
May 20, 2025Price Change$5,500$2Zillow Rentals
Apr 21, 2025Listed For Rent$5,950$2Zillow Rentals
Apr 9, 2021Sold$1,000,000$379NWMLS as distributed by MLS GRID
Mar 25, 2021Pending Sale$1,150,000$436NWMLS as distributed by MLS GRID
Feb 22, 2021Price Change$1,150,000$436NWMLS as distributed by MLS GRID
Nov 14, 2020Listed For Sale$1,290,000$489Windermere Real Estate Co.
Listed For Rent$4,500
Jan 6, 2026•$2/sqft•Zillow Rentals
Listing Removed$4,500
Sep 3, 2025•$2/sqft•Zillow Rentals
Price Change$4,500
Jun 15, 2025•$2/sqft•Zillow Rentals
Price Change$4,980
Jun 5, 2025•$2/sqft•Zillow Rentals
Price Change$5,500
May 20, 2025•$2/sqft•Zillow Rentals
Listed For Rent$5,950
Apr 21, 2025•$2/sqft•Zillow Rentals
Sold$1,000,000
Apr 9, 2021•$379/sqft•NWMLS as distributed by MLS GRID
Pending Sale$1,150,000
Mar 25, 2021•$436/sqft•NWMLS as distributed by MLS GRID
Price Change$1,150,000
Feb 22, 2021•$436/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$1,290,000
Nov 14, 2020•$489/sqft•Windermere Real Estate Co.
Tax history
21 years of records
YearTax paidAssessed value
Apr 8, 2024$17,598$1,868,000
Apr 8, 2023$15,604$1,455,000
Apr 8, 2022$15,114$1,569,000
Apr 8, 2021$13,757$1,238,000
Apr 8, 2020$12,511$1,056,000
Apr 8, 2019$11,225$953,000
Apr 8, 2018$9,600$844,000
Apr 8, 2017$10,837$770,000
Apr 8, 2016$8,702$690,000
Apr 8, 2015$8,702$648,000
Apr 8, 2014$8,702$606,000
Apr 8, 2013$8,702$512,000
Apr 8, 2012—$575,000
Apr 8, 2011—$613,000
Apr 8, 2010—$729,000
Apr 8, 2009—$729,000
Apr 8, 2007—$677,000
Apr 8, 2006—$643,000
Apr 8, 2005—$579,000
Apr 8, 2001$6,597$502,000
Apr 8, 2000$6,365$467,000
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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