Federal Way Homes under $500,000

Federal Way Homes under $500,000

Welcome to Federal Way, Washington – a vibrant city nestled in the heart of King County. Known for its stunning natural beauty, Federal Way offers a perfect blend of urban conveniences and serene landscapes. With its close proximity to Seattle and Tacoma, residents enjoy easy access to major employment centers, shopping, and entertainment, while still relishing the charm of a suburban lifestyle.

Federal Way is renowned for its lush parks and recreational opportunities. The city boasts over 800 acres of parks, including the stunning Dash Point State Park, where residents can explore scenic trails, picnic by the beach, or enjoy a day of kayaking. The city is also home to the popular Wild Waves Theme & Water Park, making it an ideal location for families seeking fun-filled adventures.

For those looking to settle down in this picturesque locale, Federal Way offers a variety of homes under $500,000. Whether you're a first-time homebuyer, a growing family, or looking to downsize, you'll find an array of options that fit your needs. From charming single-family homes to cozy townhouses, the real estate market here provides an excellent opportunity to invest in a thriving community without breaking the bank.

With its friendly neighborhoods, excellent schools, and a strong sense of community, Federal Way is not just a place to live; it’s a place to thrive. Discover your dream home in this beautiful city and experience the perfect balance of nature and urban living in Federal Way, WA. Your ideal home awaits!

Newest Federal Way Homes under $500,000

4520 SW 321st Street Unit #S9, Federal Way
$139,000
1 Beds ⋅ 1 Baths ⋅ 2596204 MLS ⋅ ACTIVE Status
Top floor condo! The kitchen offers white Shaker cabinets, durable vinyl plank flooring and stainless steel appliances . Enjoy the large bedroom with washer and dryer more then enough space to work from home and relax. Step outside to a cozy patio with extra storage! Convenient location, just blocks from Twin Lakes Golf & Country Club and Dash Point Park. Close to shopping, restaurants, schools, bus lines and transit station. No rental cap!

4520 SW 321st Street Unit #S9, Federal Way

Listing Broker: Theory Real Estate; Jessica Vianez; 253-442-3235; jessicavianez@theoryRE.com

3213 SW 319th Place Unit #19, Federal Way
$499,950
4 Beds ⋅ 3 Baths ⋅ 2595495 MLS ⋅ ACTIVE Status
Completely transformed with a brand-new custom kitchen and down-to-the-studs bathroom remodels, this beautifully updated Quail Run townhome offers high-end luxury paired with a rare main-floor primary suite. Inside, soaring cathedral ceilings and a stunning floor-to-ceiling ledgestone fireplace frame an inviting main level featuring gleaming hardwood floors, brand-new windows, and a completely reimagined gourmet kitchen complete with soft-close cabinetry, an appliance trolley, a pot filler, striking decorative tile, and stainless steel appliances. Every bathroom has been stripped to the framing and rebuilt with fresh designer finishes, modern tilework, and upscale fixtures for a true spa-like experience. The fully finished lower level expands your living space with a huge media/family room anchored by a cozy second fireplace, a tiled laundry area, a flexible craft/bonus room, and two additional bedrooms—including one with a private patio that makes an ideal home office. Complemented by a private front entry courtyard, a brand-new back deck, updated furnace and water heater, all-new plumbing and electrical systems, and a large two-car garage with loft storage, this turnkey home offers absolute peace of mind alongside resort-style community amenities including a clubhouse, pool, sauna, and tennis courts.

3213 SW 319th Place Unit #19, Federal Way

Listing Broker: Windermere Prof Partners; Greg Devey; 253-973-7786; gregdevey@windermere.com

509 S 323rd Place Unit #12H, Federal Way
$204,999
1 Beds ⋅ 1 Baths ⋅ 2595147 MLS ⋅ ACTIVE Status
A welcoming first home, a comfortable place to downsize, or an investment opportunity (no rental cap!), this ground-floor end unit pairs coffee shop coziness with park-like tranquility. Mature landscaping offers surprising privacy while conveniently located next to the clubhouse, outdoor pool and fully-fenced dog run. Enjoy single-level living with no stairs, an outside entry, 1 bed and 1 full bath. Curl up beside your wood-burning fireplace with a book or morning brew. An eat-in kitchen and dining area offer space to savor a meal, while a walk-in closet keeps essentials tucked away. All appliances stay, including in-unit washer/dryer! Enjoy quiet mornings on your private patio overlooking greenery and yard space. Assigned parking, guest parking and RV parking add convenience to this welcoming community. Nearby restaurants, shops, Commons Mall, Celebration Park, & Federal Way Performing Arts Center offer plenty to explore. Kaiser Permanente & St. Francis Hospital are nearby for accessible medical care. Walk or bike the BPA Trail, Redondo Park with boardwalk, beach, and pier, or head to Dash Point State Park for beaches, trails and camping. Two main bus lines within walking distance and nearby Federal Way light rail station expand commuting options to Sea-Tac Airport, Seattle, Tacoma. Insulated windows add comfort to this cozy retreat, where a true neighborhood feel and everyday conveniences make it easy to feel at home. Settle in and enjoy a place that fits your next chapter.

509 S 323rd Place Unit #12H, Federal Way

Listing Broker: 1 Percent Lists Tacoma; Chad Nolan; 253-459-0235; chadn@1percentlists.com

33020 10th Avenue SW Unit #W104, Federal Way
$309,950
1 Beds ⋅ 1 Baths ⋅ 2595306 MLS ⋅ ACTIVE Status
Resort like living at the Latitude Condominiums. Beautiful, Spacious master bedroom with Full Bath, fully remodeled, Ground Floor, no steps, condo with rare "Attached" full size width, extra deep, Garage with new epoxy floor! Plenty of room for car and storage. Interior features include new paint, newer carpet, new kitchen and appliances, new tile floors in entry, kitchen, and bath, open living/dining area with cozy fireplace and walk-in pantry/utility closet with washer/dryer off Kitchen, garage entry off utility room. Beautiful park like community with plenty of walking space, Club house, pool, spa, and sauna. Conveniently located close to I-5/HWY 18 access and minutes from variety of restaurants, schools, shopping, Aquatic Center, recreation, trails, Dash point beaches and Light Rail Transit Center. Dues include Water/Sewer/Garbage. Move in ready.

33020 10th Avenue SW Unit #W104, Federal Way

Listing Broker: John L. Scott, Inc.; Stu Collins; 253-797-6254; stucollins@johnlscott.com

36129 24th Place S, Federal Way
$499,000
3 Beds ⋅ 2 Baths ⋅ 2590161 MLS ⋅ ACTIVE Status
Light filled & Turn Key Commuter's Dream In Federal Way. Tucked away in a quiet, peaceful neighborhood while keeping you close to the action, this move-in ready 3 bedroom, 1.5 bathroom home delivers modern comfort, BRAND NEW ROOF, and fantastic outdoor living. The main living space greets you with soaring vaulted ceilings, skylights, and a cozy wood-burning fireplace. Everyday living is made easy with LVP flooring, updated bathrooms, and a brand-new 30-year roof overhead for complete peace of mind. The charming galley-style kitchen features warm butcher block countertops, dining area and a sleek stainless steel appliance package, while the spacious 2-car garage offers plenty of room for vehicles, storage, or a workshop setup. Step out back to your private retreat featuring mature landscaping, an expansive Trex deck ideal for weekend BBQs, and full privacy from neighboring homes. Commuters will love the quick access to I-5, local transit, shopping centers, and dining. Move right in and enjoy seamless South Sound living!

36129 24th Place S, Federal Way

Listing Broker: COMPASS; Jesse Misener; 360-606-9367; jesse.misener@compass.com

3001 S 288th Street Unit #34, Federal Way
$50,000
2 Beds ⋅ 1 Baths ⋅ 2594757 MLS ⋅ ACTIVE Status
All ages Park- This home has a brand new roof put on in April as well as a new heat pump and heating system for the entire home. Enough parking space for three or four cars. Very kid friendly. It's very much move in ready, just come and put your finishing touches on it and make it yours. Steel Lake and Park is just a mile or two away. great for Barbecuing Or just hanging out. Reach out to your real estate agent and book a tour. Do it quickly because this place won't last. It's hard to find a home under 50K these days. Especially ones that have a new heat pump and roof.

3001 S 288th Street Unit #34, Federal Way

Listing Broker: Seattle Works Real Estate; Chad Sanek; 206-790-1813; Sanekhomes@gmail.com

2508 S 284th Street, Federal Way
$445,000
3 Beds ⋅ 1 Baths ⋅ 2592307 MLS ⋅ ACTIVE Status
Convenient & comfortable 3 BR, 1bth rambler only 1.1 mile away from 1-5 & light rail access, brick steps invite you to covered porch, spacious stone entry. You are greeted by fresh paint & new blinds along with easy to maintain laminate floors. Step up to living room, then open kitchen/dining/family room with calming stone fireplace. French doors invite you to enjoy peaceful wooded outlook in any weather from covered deck. Kitchen offers new over stove microwave, new pull down kitchen faucet/ sprayer, newer stove, & refrigerator. Convenient hall laundry with newer washer & dryer included. Bath updated with newer cabinetry & new fan/light. Newer gas furnace and water heater; windows upgraded to vinyl thermopane. Brand new attic and subfloor insulation and new vapor barrier too; newer roof has been recently cleaned. Mature trees offer nice combination of sun & shade. Fenced back yard encloses handy storage shed & behind home is a covered and screened enclosure served by 220V outlet which is ideal for hot tub. Fruit trees & garden space top off the pleasant, gently sloping fully fenced back yard with lots of room to cavort. All kinds of shopping, services and bus stop a short walk south - a great value.

2508 S 284th Street, Federal Way

Listing Broker: Skyline Properties, Inc.; Rose Santos; 425-455-2065; rosezagar@outlook.com

32110 45th Place SW Unit #B-4, Federal Way
$189,000
3 Beds ⋅ 2 Baths ⋅ 2594063 MLS ⋅ ACTIVE Status
Opportunity in Maplewood! This 3-bedroom, 1 1/2-bath ground-floor condo is more than livable and ready for a buyer who is willing to put in some TLC. The home primarily needs cleaning, freshening up and cosmetic updates to make it shine. No major renovation is required to enjoy the home while making improvements over time. The 993 sq ft floor plan includes 3 bedrooms, 1 full bath and 1/2 bath, plus washer/dryer hookups. Maplewood offers desirable community amenities including a seasonal swimming pool and sport court. This is a great opportunity for a buyer who wants to build some sweat equity, an investor, or someone looking for an affordable home they can personalize. Seller is highly motivated and selling strictly as-is. Bring your ideas, bring your offer, and make this Maplewood condo your own!

32110 45th Place SW Unit #B-4, Federal Way

Listing Broker: Better Properties Kitsap; Stanley Yeadon; 360-710-8815; justcallmestan@msn.com

2101 S 324th Street Unit #324, Federal Way
$79,000
2 Beds ⋅ 2 Baths ⋅ 2593277 MLS ⋅ ACTIVE Status
Beautiful golf-course views, stylish updates, and a welcoming setting make this home a standout in Belmor Estates! Near the 5th tee in this gated 55+ community, this 2-bedroom, 1.75-bath double-wide offers approx. 1,060 sq ft of bright, comfortable single-level living. Expansive windows fill the spacious living room with natural light, complemented by stylish vinyl plank flooring, fresh interior paint, and updated fixtures. The adjoining dining area features beautiful built-in cabinetry with glass-front doors, while the inviting kitchen offers white cabinets, generous counter space, a breakfast bar, and ample storage. Enjoy a private primary ensuite bath, a flexible second bedroom for guests or hobbies, and a separate laundry area. Big-ticket improvements include a NEW HEAT PUMP WITH A/C (8/2024) for year-round comfort, plus NEW APPLIANCES AND GARBAGE DISPOSAL. Outside, a new garden, fresh landscaping and lawn, mature greenery, and a paved garden walkway add outdoor charm. A long covered carport, ramped entry, and detached storage shed add everyday convenience. Belmor Estates offers a resident-use 9-hole golf course, indoor pool, spa, sauna, exercise room, clubhouse, library, game room, and craft room. Enjoy convenient access to shopping, dining, medical services, I-5, and Federal Way Downtown light rail. Don't miss the opportunity to enjoy fairway-side living with major upgrades already in place! Schedule your private showing today and discover what makes this home special!

2101 S 324th Street Unit #324, Federal Way

Listing Broker: Windermere RE South Sound, Inc; Petru Mihaluta; 425-505-0595; petru@windermere.com

30628 2nd Avenue SW, Federal Way
$495,000
3 Beds ⋅ 1 Baths ⋅ 2589405 MLS ⋅ ACTIVE Status
EXCEPTIONALLY MAINTAINED & FULLY UPDATED RAMBLER in Federal Way's established Mirror Lake neighborhood! Boasting bright, single-level living on a flat, fully fenced 8,400 SF lot. Step inside to an inviting open-concept layout featuring FRESH 2026 INTERIOR PAINT, gleaming refinished hardwoods, new LVP, and new carpet. The heavy lifting has all been done: WHOLE-HOUSE PEX PLUMBING, on-demand tankless hot water, solar attic ventilation, reinforced attic/crawl insulation, and crisp 2025 exterior paint. Outside, the expansive, level backyard features a versatile 10'x20' shed/workshop [ready for your hobbies, home gym, or extra gear]. Ample off-street parking on a quiet street with no HOA. Exceptional location just two blocks from Lake Grove Elementary. Quick connectivity to SR-509, Pacific Hwy, and I-5 for direct routes to Seattle and Tacoma. Enjoy weekend outdoor recreation nearby at Dash Point State Park beaches, Celebration Park, and local trails, plus convenient access to retail, dining, and transit centers. MOVE-IN READY WITH ZERO SURPRISES!

30628 2nd Avenue SW, Federal Way

Listing Broker: Redfin; Lisa D Bender; 425-366-9353; lisa.bender@redfin.com

31003 14th Avenue S Unit #G8, Federal Way
$174,990
1 Beds ⋅ 1 Baths ⋅ 2590803 MLS ⋅ ACTIVE Status
Stunning ground-floor, one-bedroom, one-bath remodel with beautiful lake views and abundant natural light. Open-concept living features new flooring, fresh paint, and a brand-new kitchen with quartz countertops and stainless-steel appliances. The beautifully updated bathroom showcases custom tile work, while a new ventless washer and dryer add everyday convenience. Acoustic insulation installed behind the walls helps reduce sound transfer for added comfort and privacy. Just steps from the clubhouse, fitness center, sauna, and outdoor pool, with easy access to freeways, shopping, and light rail station.

31003 14th Avenue S Unit #G8, Federal Way

Listing Broker: Dupont Realty & Property Mgmt; Stewart McCullum; 253-549-5323; stew9999@icloud.com

31500 33rd Place SW Unit #J101, Federal Way
$310,000
2 Beds ⋅ 1 Baths ⋅ 2588832 MLS ⋅ FIRST LOOK Status
Abundant natural light and stylish updates welcome you home to this thoughtfully designed, move-in ready condo located on the ground level in the favorited Madera West gated community. You’ll love the privacy in this bright and fresh 990 sqft floorplan with naturescape views and your own flower garden via the back patio, coordinating hard floors throughout, and inviting open concept living, dining, and kitchen trio. Take note of the generous walk-in closets in each of the two just painted bedrooms, the modern and oversized tile bathroom, new quartz countertops in both the kitchen and bath, timeless crown molding, and stone faced crackling wood fireplace with built-in window bench seating and storage. Don’t miss the additional storage options in the new built-in cabinetry in the dining room, the hallway closet, and patio closet. Madera West boasts well kept grounds and community amenities including an impressive clubhouse with heated outdoor pool, hot tub, fitness center, party and game rooms, as well as sports courts, playground, community garden, dog run, and RV parking. Convenient access to multiple reserved parking spaces, with nearby visitor parking. Washer and Dryer in unit. HOA dues include Water/Sewer/Garbage and exterior maintenance. Close to state parks, golf clubs, and shopping, freeways, public transportation, and the best of Federal Way. This is the one you’ve been waiting for.

31500 33rd Place SW Unit #J101, Federal Way

Listing Broker: Simply Sound Homes; Janice Hussey; 360-250-1906; janicehussey.realtor@gmail.com

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Based on information submitted to the MLS GRID as of . 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.
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