$10,000 Closing Credit¹
#2346989, Carly Peterson, Listing office: Windermere Real Estate/PSK Inc
#2388457·
Listing office: Kelly Right RE of Seattle LLC·
Listing agent: Dream Lei·
Listing office phone: 206-525-5235
$1,150,000 List price
31111 53rd Ave SW Federal Way, WA 98023
$10,000
Closing credit¹
4 beds
2 full
4,550 sqft
0.6 acres
$253 / sqft
House
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
HeatingHigh Efficiency, Forced Air
StatusActive
CoolingCentral Air
Size4,550 sqft
BasementYes
Lot size0.641 Acres
Year built1947
ParkingAttached Carport, Attached Garage, RV Parking
MLS #2388457
Attached garage6 spaces
FireplaceWood Burning
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.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
DMCA Notice
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest Multiple Listing Service IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2025 Northwest MLS. All rights reserved.
DMCA Notice
Disclaimer: Information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included. NorthwestMLS
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/28/2025, 9:32:28 PM 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
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
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. Residents of Federal Way, WA typically earn between $35k-100k each year. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
27%
<35k
49%
35k-100k
21%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
43%
Single, No Kids
14%
Single, with Kids
28%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
8%
12-17 yrs old
24%
18-34 yrs old
41%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Symphony or Opera
Pro Wrestling
Hiking/backpacking
Where do the neighbors shop?
Chico's
Burlington
Nordstrom Rack
Where do the neighbors go to eat?
Boston Market
Cicis Pizza
Chipotle
What do the neighbors drive?
Volvo
Pontiac
Mazda
What do the neighbors listen to?
Talk/Personality
Urban Contemporary
Rock
All data provided by Home Junction and Claritas
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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 more than 39 listings in Federal Way, WA were sold above the asking price. During the same period more than 18 listings were sold at asking price, while more than 21 were sold below. The number of homes for sale in Federal Way, WA increased by 18.6% between April and May 2025. Listings spent 42 days on the market in May 2025, and had a median list price of $599,999 during the same period.
From Rocket Homes Real Estate and based on county public records data.