31204 8th Avenue SW, Federal Way, WA, 98023
About This Home
Experience elevated lakefront living in this fully renovated retreat, where breathtaking sunset views, modern comfort, and everyday convenience come together seamlessly. Privately tucked behind a gated entry, this serene waterfront escape offers exceptional privacy just minutes from shopping, dining, grocery stores, major commuter routes, and Light Rail access.Set back from the shoreline for enhanced privacy and sweeping panoramic vistas, the home frames picturesque lake views from nearly every room-like a living work of art. The light-filled open-concept main level is designed for effortless indoor-outdoor living, with expansive windows overlooking the spacious yard and tranquil water beyond.The beautifully remodeled kitchen features premium appliances, elegant glass-front cabinetry, abundant storage, and intimate bar seating that flows seamlessly into the dining and living areas. A spa-inspired bath suite, dedicated office/laundry area, and flexible guest space add both comfort and versatility. Upstairs, the tranquil primary suite opens to a covered private patio overlooking the lake, an ideal setting for morning coffee or evening sunsets.Enjoy fishing, swimming, and paddleboarding just steps away, while refinished hardwood floors add timeless warmth throughout. Extensive upgrades, including updated plumbing, electrical, Hardie siding, and A/C, make this exceptional lakefront home truly move-in ready.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1943
Materials
- Foundation: Slab
- Roof: Composition
- Construction materials: Stone,Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: 2 Story
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Dryer,Microwave,Refrigerator,Stove(s)/Range(s),Washer,Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Washer(s),Water Heater: Tankless,Water Heater Location: Laundry Closet
Bathroom Full
- Level: Second
Bathroom Full
- Level: Main
Bedroom
- Level: Second
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
Dining Room
- Level: Main
Entry Hall
- Level: Main
Features
- Dining Room
- Window features: Dbl Pane/Storm Window,Skylight(s)
- Flooring: Ceramic Tile,Hardwood,Carpet
Heating & Cooling
- Heating features: Forced Air,Electric,Natural Gas
- Cooling features: Ductless
Interior Area
- Total structure area: 1,420
- Total interior livable area: 1,420 sqft
Kitchen With Eating Space
- Level: Main
Living Room
- Level: Main
Master Bedroom
- Level: Second
Utility Room
- Level: Main
Property
Details
- Parcel number: 5559200065
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Dbl Pane/Storm Window,Dining Room,Skylight(s),Water Heater
- Has view: Yes
- View description: Lake,Territorial
- Has water view: Yes
- Water view: Lake
- On waterfront: Yes
- Waterfront features: Low Bank,Lake
- Frontage length: Waterfront Ft: 40
- Topography of land: Level,Partial Slope,Terraces
- Residential vegetation: Brush
Lot
- Lot size: 0.38 Acres
- Features: Paved,Deck,Dock,Fenced-Fully,Gated Entry,High Speed Internet,Patio,RV Parking
Parking
- Total spaces: 2
- Parking features: Driveway,Detached Garage,RV Parking
- Has garage: Yes
- Covered 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 | $3,991 | $47,892 |
| Home Insurance * | $181 | $2,172 |
| Property Taxes | $659 | $7,908 |
| Electricity | $149 | $1,793 |
| Total | $4,980 | $59,760 |
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 |
|---|---|---|
| 2026-05-27 | Listed for sale | $789,360 |
| 2022-04-18 | Sold | $764,000 |
| 2022-03-23 | Pending sale | $699,900 |
| 2022-03-15 | Listed for sale | $699,900 |
| 2018-01-10 | Sold | $439,999 |
| 2017-11-28 | Pending sale | $439,999 |
| 2017-11-22 | Price change | $439,999 |
| 2017-11-11 | Price change | $449,999 |
| 2017-11-04 | Price change | $459,999 |
| 2017-10-20 | Listed for sale | $469,999 |
| 2015-05-12 | Sold | $306,500 |
| 2015-04-12 | Pending sale | $315,000 |
| 2015-04-04 | Price change | $315,000 |
| 2015-03-02 | Price change | $289,000 |
| 2015-01-13 | Listed for sale | $309,000 |
| 1999-09-30 | Sold | $149,000 |
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