21204 SE 265th Street, Maple Valley, WA, 98038
About This Home
Welcome to lakeside living on highly desirable Pipe Lake, a peaceful non-motorized lake known for its quiet beauty and year-round enjoyment. This exceptional waterfront home offers breathtaking views from the entire main floor, creating a seamless connection to the water from the moment you step inside.The main level features real hardwood floors, abundant natural light, and panoramic sightlines across the lake. Downstairs, a fully equipped second kitchen adds incredible flexibility — ideal for a mother-in-law suite, multi-generational living, or a potential income-producing rental with its own private space.Situated on a large lot, the property provides room to relax, garden, entertain, and enjoy the peaceful lakeside lifestyle. With close proximity to shopping, schools, parks, and Maple Valley amenities, this home blends convenience with the tranquility of waterfront living.A rare opportunity to own a versatile, view-filled home on one of Maple Valley’s most sought-after lakes.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1958
Materials
- Roof: Metal
- Construction materials: Wood Products
Type & Style
- Home type: SingleFamily
- Architectural style: 1 Story w/Bsmnt.
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Microwave,Refrigerator,Stove(s)/Range(s),Washer,Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Washer(s)
Bathroom Full
- Level: Main
Bathroom Three Quarter
- Level: Lower
Bedroom
- Level: Lower
Bedroom
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Bonus Room
- Level: Lower
Dining Room
- Level: Main
Entry Hall
- Level: Main
Features
- Dining Room
- Window features: Dbl Pane/Storm Window
- Flooring: Ceramic Tile,Hardwood,Laminate
- Number of fireplaces: 2
- Fireplace features: Electric,Wood Burning,Lower Level: 1,Upper Level: 1,Fireplace
- Fireplace: Yes
Heating & Cooling
- Heating features: Fireplace,Forced Air,Natural Gas
- Cooling features: None
Interior Area
- Total structure area: 2,620
- Total interior livable area: 2,620 sqft
Kitchen With Eating Space
- Level: Main
Living Room
- Level: Second
Master Bedroom
- Level: Main
Rec Room
- Level: Lower
Property
Details
- Parcel number: 2822069031
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Second Kitchen,Dbl Pane/Storm Window,Dining Room,Fireplace,Vaulted Ceiling(s)
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- On waterfront: Yes
- Waterfront features: Lake
- Frontage length: Waterfront Ft: 64
- Topography of land: Level,Partial Slope
- Residential vegetation: Garden Space
Lot
- Lot size: 0.33 Acres
- Features: Paved,Deck,Dock,High Speed Internet,Outbuildings,RV Parking
Parking
- Total spaces: 2
- Parking features: Detached Carport,RV Parking
- Covered spaces: 2
- Carport: Yes
- Carport spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in King County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,815 | $69,780 |
| Home Insurance * | $239 | $2,868 |
| Property Taxes | $1,051 | $12,612 |
| Electricity | $179 | $2,150 |
| Total | $7,284 | $87,408 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-14 | Price change | $1,050,000 |
| 2026-07-24 | Listed for sale | $1,150,000 |
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