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5118 SW 311 PlaceFederal Way, WA 98023

For Sale

$1,025,000

Smart Buyer Rebate $10,250

Perched to capture sweeping, unobstructed panorama views of Puget Sound, this iconic Pacific Northwest retreat is ready for its next chapter. Offered in its original condition, this home is ideal for buyers seeking a chance to renovate, restore, or reimagine a view property into their dream residence. Solid bones, timeless character, and endless potential make this a standout investment opportunity. The expansive unfinished 1,280 sq ft basement adds exceptional flexibility and value, ideal for a workshop, studio, wine cellar, fitness space, storage, or future expansion. Existing plumbing for an additional bathroom opens the door to even more possibilities. Enjoy seamless indoor-outdoor living with a spacious view deck, perfect for entertaining, relaxing, or morning coffee, soak in the incredible scenery year-round. Conveniently located with easy access to light rail (5 miles), Seattle/Tacoma airport (15 miles), shopping, parks, and commuter routes, this home offers a rare combination of peaceful living and unbeatable accessibility.

Listed by Allison Pringle

·

John L. Scott, Inc.

Last updated April 30, 2026

·

Source: NWMLS #2515671

Listing Facts

  • TypeSingle-family
  • NeighborhoodFederal Way-Auburn
  • Bedrooms4
  • Bathrooms2
  • Days on Prevu2
  • Taxes$3,753/year
  • Size2,020 sqft
  • Price per sqft$507

Amenities

  • Dishwasher
  • Washer/Dryer
  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

04/29/2026
Listed by John L. Scott, Inc.
$1,025,000

Property Details for 5118 SW 311 Place

Exterior

Construction

  • Roof: Composition
  • Structure Type: House
  • Year Built: 1972
  • Construction Materials: Wood
  • Entry Location: Main
  • Exterior Features: Wood

Features

  • View: Mountains, Ocean

Measurements

  • Building Area Total: 3,300
  • Building Area Units: Square Feet
  • Lot Features: Paved, Sidewalk
  • Lot Size Acres: 0.36
  • Lot Size Square Feet: 15,680
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 3210200190
  • Tax Annual Amount: $3,753.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Dishwasher, Double Oven, Dryer, Refrigerator, Stove(s)/Range(s), Washer
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Fireplaces Total: 2
  • Flooring: Hardwood, Stone, Vinyl, Carpet
  • Interior Features: Dbl Pane/Storm Window, Fireplace, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater

Measurements

  • Living Area: 2,020

Rooms

  • Basement: Daylight, Unfinished
  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 4
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 3

Other

Location

  • Subdivision Name: Dash Point

Parking

Parking

  • Carport Spaces: 3
  • Carport: Yes
  • Covered Spaces: 3
  • Parking Features: Attached Carport
  • Parking Total: 3

Schools

Elementary School

  • Elementary School: Buyer To Verify

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 2 bathrooms in this single-family home at 5118 SW 311 Place.

What schools are nearby to 5118 SW 311 Place?

Nearby schools include the Buyer To Verify Elementary School, Buyer To Verify Middle School, and Buyer To Verify High School.

Does this single-family home have parking?

Yes, there are 3 parking spaces available for 5118 SW 311 Place.

What are the annual taxes for 5118 SW 311 Place?

Annual taxes for this single-family home are estimated at $3,753.

How does 5118 SW 311 Place compare to other single-family homes in Federal Way-Auburn?

This single-family home is listed 32% above the average price for single-family homes in Federal Way-Auburn and has been on the market for 59 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 2,020 sqft.

5118 SW 311 Place is a 4-bedroom, 2-bath single-family home for sale in Federal Way WA 98023. Listed on Prevu for 2 days at $1,025,000. This residence features 2,020 square feet of living space, located in Federal Way-Auburn. The median listing price for single-family homes in this area is $599,000. Nearby schools include Buyer To Verify Elementary School, Buyer To Verify Middle School, and Buyer To Verify High School. The home offers dishwasher, pets allowed, parking, and washer/dryer. Browse 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.