#2346989, Carly Peterson, Listing office: Windermere Real Estate/PSK Inc

31111 53rd Ave SW Federal Way, WA 98023
Property details
About 31111 53rd Ave SW
Welcome to this well-maintained home with stunning water views! Situated on a 0.64-acre lot with two parcel numbers, it offers great potential for future development. The main and upper levels feature 3 bedrooms, a spacious living room, family room, and a large bonus room. Relax on the wraparound deck and enjoy breathtaking sunsets over the Sound. The finished basement generates $1,600/month in rental income—an ideal blend of lifestyle and passive income. Don’t miss this rare opportunity to own a water-view home with space, flexibility, and investment potential!
Highlights
Summary
- Full Bathrooms: 2
- Basement: Yes
- Flooring Type: Vinyl, Carpet
- Interior: Double Pane/Storm Window, Fireplace
- Fireplace: Wood Burning
- Total Bedroom Count: 4
- Garage Space: 6 spaces
- Attached Garage: Yes
- Parking: Attached Carport, Attached Garage, RV Parking
- Exterior: Cement/Concrete
- Heating: High Efficiency, Forced Air
- Cooling: Central Air
- List Price: $1,150,000
- Price/SqFt: $252
- HOA Amount: $0
- Lot: Corner Lot, Dead End Street, Paved
- Directions: GPS works fine.
- Year Built: 1947
- Living Area: 4,550 SqFt
- Lot Size: 0.641 Acres
- MLS Number: 2388457
- MLS Name: NWMLS
- Office Name: Kelly Right RE of Seattle LLC
- Office Phone: (206) 525-5235
- Listing Agent: Dream Lei
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
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Last updated on: 6/7/2025, 2:47:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,150,000
31111 53rd Ave SW
$10,000
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Price information
Property sales
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Tax history
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Nearby schools
7
Twin Lakes Elementary School
Public District KG-5
0.7 mi
•4400 SW 320th St
5
Green Gables Elementary School
Public District KG-5
0.9 mi
•32607 47th Ave SW
7
Browns Point Elementary School
Public District PK-5
1.7 mi
•1526 51st St NE
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $64,919. The majority of Federal Way, WA residents have income between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.
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Frequently asked questions
About 31111 53rd Ave SW
The listing price of 31111 53rd Ave SW property is $1,150,000.
The property 31111 53rd Ave SW is a house located in Federal Way, Washington, 98023.
Active Listing: 31111 53rd Ave SW is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 31111 53rd Ave SW are: Twin Lakes Elementary School (GreatSchools Rating 7/10), Green Gables Elementary School (GreatSchools Rating 5/10), Browns Point Elementary School (GreatSchools Rating 7/10), Meeker Middle School (GreatSchools Rating 4/10), Lakota Middle School (GreatSchools Rating 3/10), TAF Academy at Saghalie (GreatSchools Rating 2/10), Decatur High School (GreatSchools Rating 3/10), Federal Way High School (GreatSchools Rating 3/10), Federal Way Public Academy (GreatSchools Rating 10/10).
The property at 31111 53rd Ave SW has 4 bedrooms and 3 bathrooms.
The property 31111 53rd Ave SW is 4,550 SqFt (source: MLS/tax record).
The year of construction for 31111 53rd Ave SW is 1947.
This home is located at 31111 53rd Ave SW in Federal Way, WA and zip code 98023 in the Healy Palisades neighborhood. This 4,550 square foot home, which was built in 1947, sits on a 0.64 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 5, 2025 and is currently priced at $1,150,000.
In May 2025, from all listings sold in Federal Way, WA there were more than 39 sold above asking price, over 21 sold below and more than 18 were sold right at the asked price. Between April and May 2025, Federal Way, WA real estate market has seen increase in the number of listings by 18.6%. While the average time on the market in May 2025 was 42 days, the median list price was $599,999.