$1,650,000
 $8,858 est/mo Sourced by Back At You

5112 SW 311th Place,Federal Way, WA 98023

Federal Way, WA 98023

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Description

Wake up to breathtaking panoramic views of Puget Sound, the Olympic Mountains, and unforgettable sunsets from this remarkably private Federal Way waterfront retreat. Set on approximately 1.5 acres with 125 feet of no-bank waterfront, this rare property offers the space, privacy, and direct beach access that are exceptionally difficult to find. The fully renovated custom home combines timeless Northwest character with modern comfort. Expansive windows frame the water views throughout the home, while the elegant sunken living room features gracious beamed ceilings and a dramatic fireplace. The refreshed kitchen offers Corian countertops and a cozy breakfast nook, while the spacious dining area is perfectly positioned for entertaining with the Sound as your backdrop. Multiple water-view decks and an expansive patio create seamless indoor-outdoor living-ideal for morning coffee, al fresco dining, entertaining, or simply enjoying spectacular Pacific Northwest sunsets. A separate 1200 square feet cottage provides flexible space for a home office, studio, guest retreat, or additional-purpose space. A peaceful wooded trail winds through the property to an enchanting sandy beach and waterfront cabana. At low tide, explore miles of shoreline directly from your own private waterfront setting. The property also benefits from a new septic system design and approval, with installation to be completed by the new owner. The separate cottage is 1200 square feet; buyers to verify.

Details

MLS #2580516
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1973
Days On Site17
Listing Provided ByWeLakeside | Mona Zhang

Features

Bed(s)3
Bath(s) 3 Total
SQ Feet2,640
Garage2
Story(s)2
Acreage1.57
Water FrontYes
Property ViewYes

Taxes

Property17598

Area Information

StateWA
CountyKing
CityFederal Way
Zip Code98023
Area110 Dash Point | Federal Way
Community NameFederal Way
School DistrictDecatur High
Elementary SchoolTwin Lakes Elem
High SchoolDecatur High
Listing VS Median (in Federal Way)
Price:
$1,650,000
low | high
Med:
$525,000
100% of Average
sqft:
2,640
low | high
Med:
1,605
89.204545454545% of Average
$ / sqft:
$625
low | high
Med:
$327
97.650850353343% of Average
On site:
17
low | high
Med:
41
41.463414634146% of Average
Sourced by Back At You

Market Activity 98023

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Learn More About This Property

StateWA
CountyKing
CityFederal Way
Zip Code98023
Area110 Dash Point | Federal Way
Community NameFederal Way
School DistrictDecatur High
Elementary SchoolTwin Lakes Elem
High SchoolDecatur High
Listing VS Median (in Federal Way)
Price:
$1,650,000
low | high
Med:
$525,000
100% of Average
sqft:
2,640
low | high
Med:
1,605
89.204545454545% of Average
$ / sqft:
$625
low | high
Med:
$327
97.650850353343% of Average
On site:
17
low | high
Med:
41
41.463414634146% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.237M - $2.62M
sqft: 1,500 - 3,000
Nearby Listings Property ImageNearby Listings Details
31327 43rd Place Property Photo 1
$3,850
31327 43rd Place
Federal Way, WA 98023
31327 43rd Place Property Photo 1
$865,000
31327 43rd Place
Federal Way, WA 98023
Listing Updated: September 21, 2026 at 5:40:50 AM PDT