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31021 20th Avenue S, Federal Way, WA 98003

Federal Way
Local realty services provided by:CENTURY 21 Lund, Realtors
Listed by: brooks glenn
Office: windermere real estate co.
MLS#:2512126
Source:NWMLS
31021 20th Avenue S,Federal Way, WA 98003
$400,000
  • 0.69 Acres
  • Lots / Land
  • Active

Price summary

  • Price:$400,000

About this home

Opportunity is knocking with this expansive 0.69-acre (approx. 30,000 sq ft) parcel in the sought-after Steel Lake area. This is a true teardown, (720 square-foot single family home), making it the perfect blank canvas for your next project—whether you're a first-time investor looking to get into development or a seasoned builder ready to maximize potential. Zoned RS7.2, the property offers strong subdivision potential for multiple single-family homes/Townhomes, (buyer to verify), giving you flexibility to build and scale in an established neighborhood. Large, usable lots like this are becoming increasingly rare—especially in a location close to shopping, schools, and major commuter routes. An incredible opportunity to create value from the ground up. Bring your vision, your plans, and your ambition—this is where your next project begins.

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Home facts

  • Subdivision & Development:Federal Way
  • Listing ID #:2512126
  • Updated:August 04, 2026 at 12:32 AM

Structure and exterior

  • Lot area:0.69 Acres

Utilities

  • Water:Available
  • Sewer:Available

Finances and disclosures

  • Price:$400,000
  • Tax amount:$3,820 (2025)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of August 4, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved. NWMLS Member Broker: Greg Lund

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