5118 SW 311 Place Federal Way, WA 98023

aerial view

floor plans. 2,020 furnished, 1,280 unfinished basement

beautiful deck

full views of the sound

No Ai, sunset on 4/25/2026

Sunset on 4/25/26

Deck sunset 4/25/26

Sunset on 4/25/26

Sunset on 4/25/26

Sunset on 4/25/26

Front entry

Basement

Primary bathroom

bedroom

bedroom

Entry

Pantry

Kitchen

Kitchen

No Ai, Kitchen sunset on 4/25/26

Family room

Family room

Carport

Primary bathroom

Basement entry
5118 SW 311 Place
Federal Way, WA 98023
$1,025,000
Residential
4 Beds
2.00 Baths
3300 SqFt
Active
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.
Watch Virtual Tour #1Property Features
Community: Dash Point
2 Stories w/Bsmnt
View:
View: Ocean
Deck
Exterior: Wood
Roof: Composition
Parking: Attached Carport
Year Built: 1972
2025 Taxes: $3753.00
Buyer Broker Comp.: 2%
Listing #: 2515671
Lot Details
Lot Size: 0.36 acres
Paved
Sidewalk
Appliances That Stay
Dishwasher
Double Oven
Dryer
Refrigerator
Stove(s)/Range(s)
Washer
Interior
Fireplace
Pantry
Vaulted Ceiling(s)
Walk-In Closet(s)
Water Heater
Dbl Pane/Storm Window
Cooling: Forced Air
Heating: Forced Air
Electric
Fireplaces: 2
Schools
District: Federal Way
Elem: Buyer To Verify
Middle: Buyer To Verify
High: Buyer To Verify
Call or Email:
Grace Wamwere
What's Near 5118 SW 311 Place Federal Way, WA 98023?

Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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