Panther Lake Homes under $900,000

Welcome to Panther Lake, a hidden gem nestled in the heart of Federal Way, Washington. This charming neighborhood combines the tranquility of suburban living with the vibrancy of nearby urban amenities, making it a perfect place for families, professionals, and anyone looking to enjoy the best of both worlds.

Panther Lake is characterized by its lush greenery, picturesque landscapes, and friendly community atmosphere. The centerpiece of the neighborhood is the serene Panther Lake itself, where residents can indulge in leisurely activities like fishing, kayaking, or simply enjoying a peaceful stroll along the water's edge. The area is also home to several parks and playgrounds, perfect for children and families to explore and make lasting memories.

For those looking to call Panther Lake home, you'll find an impressive selection of houses priced under $900,000. This diverse range of properties includes charming single-family homes, modern townhouses, and spacious multi-level residences, catering to various lifestyles and preferences. Many homes in the area boast beautiful backyards, ideal for entertaining guests or enjoying a quiet evening under the stars.

Convenience is key in Panther Lake, with easy access to major highways, shopping centers, and schools. Residents appreciate the close-knit community feel, along with the proximity to Federal Way's bustling downtown, where a variety of dining, shopping, and entertainment options await.

Whether you're seeking a peaceful retreat or an active lifestyle, Panther Lake offers an inviting atmosphere and a wonderful place to call home. Come discover the charm of this delightful neighborhood today!

Newest Panther Lake Homes under $900,000

$105,000

2 Beds ⋅ 2 Baths ⋅ 2598313 MLS ⋅ ACTIVE Status

PRICED BELOW WHAT THE SELLERS PAID A FEW YEARS AGO! A major price reduction makes this one of the best values in Pantera Lago Estates, an active 55+ community with fantastic amenities. This updated 2-bedroom, 1.75-bath home sits on an oversized lot with room to garden, entertain and enjoy the outdoors. The heart of the home is the spacious, chef-inspired kitchen, with abundant cabinetry, generous counter space, stainless steel appliances and a large center island with seating, plus an adjacent dining area perfect for gathering. Newer hardwood laminate flooring and carpet flow throughout, and the bathrooms have been beautifully updated. Step outside to a huge back deck and fenced outdoor space for gardening, relaxing or entertaining. The expansive driveway and covered carport fit 3-4 vehicles. Residents enjoy a resort-style clubhouse with a pool, hot tub, sauna, billiards, library, social spaces and community activities. Close to shopping, dining and SR-167 for an easy commute. Move-in ready and priced to sell. Don’t wait on this one!

11436 SE 208th Street Unit #131, Kent

Listing Broker: RE/MAX Realty South; Jessica Skye Bolt; 206-499-5323; hello@jessicaskyebolt.com

$799,000

2535696 MLS ⋅ ACTIVE Status

Complete exterior paint completed in summer of 2024. Professionally managed quadplex abuts Panther lake and walking trails. Fully occupied units, One bed/one bath units for easy rentability, All units have Washer/dryer, fireplaces, DW, balcony or deck. 4 Covered carport may tandem park and 3 uncovered guest spots. Community sports court and play area,. Very close to all shopping needs of big box and boutique shops. I-5, Hwy 18 and 99 access. Federal Way Light rail completed December 2025. Maybe a good property for owner occupied for easy finance. MLS 2501184 is also listed next door to make it a great assemblage portfolio.

34025 1st Place S, Federal Way

Listing Broker: Skyline Properties, Inc.; Sonny Kwan; 206-819-8228; sonnykwan@sonnykwan.com

$799,000

2501184 MLS ⋅ ACTIVE Status

Complete exterior paint completed in summer of 2024. Professionally managed quadplex abuts Panther lake and walking trails. Fully occupied units, One bed/one bath Loft style townhome units and two bedroom /one bath lower units for easy rentability, All units have Washer/dryer, fireplaces, DW, balcony or deck. 4 Covered carport may tandem park and 3 uncovered guest spots. Community sports court and play area,.Very close to all shopping needs of big box and boutique shops. I-5, Hwy 18 and 99 access. Federal Way Light rail completed December 2025. Maybe a good property for owner occupied for easy finance

34019 1st Circle S, Federal Way

Listing Broker: Skyline Properties, Inc.; Sonny Kwan; 206-819-8228; sonnykwan@sonnykwan.com

$899,950

2500500 MLS ⋅ ACTIVE Status

Well-maintained fourplex in Federal Way. Each unit features 2 bedrooms, 1 bathroom, a functional floor plan, fireplace, private balcony or patio, and in-unit washer and dryer, providing comfort and convenience for tenants.Property includes dedicated covered parking for each unit, additional uncovered parking spaces, and guest parking. Two units have been recently renovated, offering updated interiors and potential for increased rental income.The property has a strong rental history with long-term tenants, supporting stable and consistent income. On-site professional management is in place, and HOA rules do not allow for self-management.Conveniently located near shopping, dining, schools, and parks, with easy access to I-5 and Hwy 18, making it a desirable location for tenants and commuters alike. Ideal for investors seeking stable cash flow, low deferred maintenance, and long-term appreciation.

34214 1st Place S, Federal Way

Listing Broker: RSVP Brokers ERA; Martha Zahuita; 206-931-3922; marthazahuita@gmail.com

$899,000

2491971 MLS ⋅ ACTIVE Status

Great investment opportunity in Federal Way. Well-maintained four-plex featuring four spacious 2-bedroom, 1-bath units, each offering 1,000 square feet of comfortable living space. Functional layouts, generous unit sizes, and consistent rental demand support strong long-term performance. Property currently offers a cap rate of over 6%, making it an attractive addition to an investment portfolio. Significant capital improvement completed with a new tile roof installed in 2022, providing durability and reducing future maintenance concerns. Conveniently located near major commuting routes, shopping, dining, and everyday amenities. Large unit sizes, solid income potential, and key updates make this a compelling multi-family investment opportunity in a strong rental market. Excellent opportunity for investors seeking stable cash flow and long-term value.

34120 1st Place S, Federal Way

Listing Broker: Real Broker LLC; Lindsay Jackman; 253-266-1067; lindsay@lindsayjackman.com

Start Your Search

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.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Panther Lake Homes under $900,000

Newest Panther Lake Homes under $900,000

How much is your home worth?

How much is your home worth?