Welcome to this beautifully updated 4-bedroom, 2.5-bath home nestled on a spacious corner lot in a highly sought-after neighborhood. Surrounded by mature trees, this residence offers an inviting blend of indoor and outdoor living. Step inside to soaring vaulted ceilings and a cozy wood burning fireplace in the expansive living room, where large windows fill the space with natural light. The gourmet kitchen is a chef’s delight, featuring rich wood cabinetry with soft close drawers, granite countertops, stainless steel appliances, and a large island with seating that seamlessly connects to the dining area. Adjacent family room provides flexible space for relaxing or entertaining. Retreat to the primary suite with double closets, private ensuite, and direct access to the beautiful back deck. Three generously sized additional bedrooms can also be used for a home office, or hobbies. There is also a bonus/flex room. Enjoy laminate hardwood floors, designer fixtures, energy-efficient windows, and a newly insulated crawl space and attic. Outside, a huge backyard deck is perfect for gatherings, complemented by a fully fenced yard and oversized two-car detached garage/shop. Upgrades include AC, tankless water heater, and an enhanced electrical panel. Conveniently located near schools, shopping, restaurants, and easy freeway access. Don’t miss out on this exceptional opportunity to call this remarkable property your home!
Listed by Lisa Williams
·
Person Real Estate Group LLC
Last updated April 30, 2026
·
Source: NWMLS #2507748
Listing Facts
TypeSingle-family
NeighborhoodLakeland South
Bedrooms4
Bathrooms3
Days on Prevu14
Taxes$6,439/year
Size2,110 sqft
Price per sqft$308
Amenities
Pets Allowed
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
04/30/2026
Price Decreased
$650,000
04/16/2026
Listed by Person Real Estate Group LLC
$664,950
Property Details for 3131 S 368th Street
Exterior
Construction
Property Condition: Very Good
Roof: Composition
Structure Type: House
Year Built: 1940
Construction Materials: Wood
Entry Location: Main
Exterior Features: Wood
Features
Direction Faces: East
View: Territorial
Measurements
Building Area Total: 2,110
Building Area Units: Square Feet
Lot Features: Corner Lot, Paved
Lot Size Acres: 0.28
Lot Size Square Feet: 12,540
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 3321049046
Tax Annual Amount: $6,439.00
Tax Year: 2025
Interior
Features
Fireplace Features: Wood Burning
Fireplace: Yes
Fireplaces Total: 1
Interior Features: Bath Off Primary, Dbl Pane/Storm Window, Fireplace, High Tech Cabling, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
Measurements
Living Area: 2,110
Rooms
Bathrooms Full: 1
Bathrooms Half: 1
Bathrooms Three Quarter: 1
Bathrooms Total Integer: 3
Bedrooms Total: 4
Main Level Bathrooms: 3
Main Level Bedrooms: 4
Other
Location
Subdivision Name: 5 Mile Lake
Parking
Parking
Covered Spaces: 2
Garage: Yes
Parking Features: Detached Garage, RV Parking
Parking Total: 4
Schools
Elementary School
Elementary School: Rainier View Elem
High School
High School: Buyer To Verify
High School District: Federal Way
Middle or Junior School
Middle Or Junior School: Buyer To Verify
Utilities
Equipment
Has Cooling: Yes
Has Heating: Yes
Sewer: Septic Tank
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this single-family home have?
There are 4 bedrooms and 3 bathrooms in this single-family home at 3131 S 368th Street.
What schools are nearby to 3131 S 368th Street?
Nearby schools include the Rainier View Elem Elementary School, Buyer To Verify Middle School, and Buyer To Verify High School.
Does this single-family home have parking?
Yes, there are 4 parking spaces available for 3131 S 368th Street.
What are the annual taxes for 3131 S 368th Street?
Annual taxes for this single-family home are estimated at $6,439.
How does 3131 S 368th Street compare to other single-family homes in Lakeland South?
This single-family home is listed 25% below the average price for single-family homes in Lakeland South and has been on the market for 33 less days than the typical home in this area.
What is the square footage on this single-family home?
According to the MLS, this listing is 2,110 sqft.
3131 S 368th Street is a 4-bedroom, 3-bath single-family home for sale in Federal Way WA 98003. Listed on Prevu for 14 days at $650,000. This includes a recent price decrease of $14,950. This property features 2,110 square feet of living space, located in Lakeland South. The median listing price for single-family homes in this area is $742,850. Nearby schools include Rainier View Elem Elementary School, Buyer To Verify Middle School, and Buyer To Verify High School. Property amenities include pets allowed, air conditioning, and parking. Explore more single-family home listings in King County.
Based on information from NWMLS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.