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5112 SW 311th PlaceFederal Way, WA 98023

For Sale

$1,650,000

Smart Buyer Rebate $16,500

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.

Listed by Mona Zhang

·

WeLakeside

Last updated September 11, 2026

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Source: NWMLS #2580516

Listing Facts

  • TypeSingle-family
  • NeighborhoodFederal Way-Auburn
  • Bedrooms3
  • Bathrooms3
  • Days on Prevu6
  • Taxes$17,598/year
  • Size2,640 sqft
  • Price per sqft$625

Amenities

  • Dishwasher
  • Washer/Dryer
  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

09/09/2026
Listed by WeLakeside
$1,650,000
  1. 09/09/2026$1,650,000
    Listed by WeLakeside

Property Details for 5112 SW 311th Place

Exterior

Construction

  • Roof: Composition
  • Structure Type: House
  • Year Built: 1973
  • Construction Materials: Wood
  • Entry Location: Main
  • Exterior Features: Wood

Features

  • Direction Faces: Northwest
  • View: Mountains, Ocean, Sea, Territorial
  • Waterfront Features: High Bank
  • Waterfront: Yes

Measurements

  • Building Area Total: 2,640
  • Building Area Units: Square Feet
  • Lot Features: Cul-De-Sac, Paved, Value In Land
  • Lot Size Acres: 1.57
  • Lot Size Dimensions: 68,577
  • Lot Size Square Feet: 68,577
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 3210200205
  • Tax Annual Amount: $17,598.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Dishwasher, Disposal, Double Oven, Dryer, Refrigerator, Washer
  • Fireplace Features: Electric
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Features: Fireplace, Walk-In Closet(s), Water Heater

Measurements

  • Living Area: 2,640

Rooms

  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms Three Quarter: 1
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 3
  • Main Level Bathrooms: 1

Other

Location

  • Subdivision Name: Federal Way

Parking

Parking

  • Covered Spaces: 2
  • Garage: Yes
  • Parking Features: Detached Garage
  • Parking Total: 4

Schools

Elementary School

  • Elementary School: Twin Lakes Elem

High School

  • High School: Decatur High
  • High School District: Federal Way

Middle or Junior School

  • Middle Or Junior School: Lakota Mid Sch

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 3 bedrooms and 3 bathrooms in this single-family home at 5112 SW 311th Place.

What schools are nearby to 5112 SW 311th Place?

Nearby schools include the Twin Lakes Elem Elementary School, Lakota Mid Sch Middle School, and Decatur High.

Does this single-family home have parking?

Yes, there are 4 parking spaces available for 5112 SW 311th Place.

What are the annual taxes for 5112 SW 311th Place?

Annual taxes for this single-family home are estimated at $17,598.

How does 5112 SW 311th Place compare to other single-family homes in Federal Way-Auburn?

This single-family home is listed 122% above the average price for single-family homes in Federal Way-Auburn and has been on the market for 52 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 2,640 sqft.

5112 SW 311th Place is a 3-bedroom, 3-bath single-family home for sale in Federal Way WA 98023. Listed on Prevu for 6 days at $1,650,000. This home features 2,640 square feet of living space, located in Federal Way-Auburn. The median listing price for single-family homes in this area is $618,950. Nearby schools include Twin Lakes Elem Elementary School, Lakota Mid Sch Middle School, and Decatur High. The home offers dishwasher, pets allowed, parking, and washer/dryer. 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.

Full MLS Disclaimers

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.