31021 20th Avenue S, Federal Way, WA 98003 (MLS # 2512126)

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Listing provided courtesy of Northwest MLS; Windermere Real Estate Co.

PRICE $495,000
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 30,000 sqft
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Opportunity is knocking with this expansive 0.69-acre (approx. 30,000 sq ft) parcel in the sought-after Steel Lake area. This is a true teardown, (720 square-foot single family home), making it the perfect blank canvas for your next project"”whether you're a first-time investor looking to get into development or a seasoned builder ready to maximize potential. Zoned RS7.2, the property offers strong subdivision potential for multiple single-family homes/Townhomes, (buyer to verify), giving you flexibility to build and scale in an established neighborhood. Large, usable lots like this are becoming increasingly rare"”especially in a location close to shopping, schools, and major commuter routes. An incredible opportunity to create value from the ground up. Bring your vision, your plans, and your ambition"”this is where your next project begins.

LAST UPDATED 4/23/2026 TRACT Federal Way
YEAR BUILT 0 COMMUNITY Federal Way
COUNTY King STATUS Active
PROPERTY TYPE(S) Lot/Land/Acreage


ADDITIONAL DETAILS
AREA 110 - Dash Point/Federal Way
HEAT None
LOT 0.6887 acre(s)
MLS STATUS Active
STYLE 40 - Res-Less thn 1 Ac
SUBDIVISION Federal Way
TAXES 3820
UTILITIES Electricity Available, Natural Gas Available, Sewer Available

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 4/24/26 4:24 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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