For Sale

$574,900

For sale

32416 29••••• Ave SW (Sign up for 50 free credits to unlock)Federal Way, WA 98023

4Beds

2Baths

2,140Sq Ft Living

11,252Sq Ft Lot

1967Year Built

Property Description

Spacious Federal Way rambler in the desirable Twin Lakes area offering approximately 2,140 sq ft of comfortable single-level living. This well-designed home features 4 bedrooms, including a large primary suite, plus two main living areas that provide excellent flexibility for everyday living, entertaining, working from home, hobbies, or multi-use space. The open and functional layout offers great separation between gathering areas and private bedroom spaces, creating a comfortable flow throughout the home. The generous living spaces provide room to relax and gather, while the large lot offers outdoor potential for gardening, play, pets, summer barbecues, or future personalization. An attached garage adds everyday convenience, and the location offers easy access to area parks, shopping, dining, schools, commuter routes, and Twin Lakes amenities. A great opportunity to enjoy space, flexibility, and single-level living in an established Federal Way neighborhood.

Property Facts & Features

Property Type: Single Family
Status: For Sale
Listed: May 26, 2026
Price per Sq Ft: $269/sqft
ZIP Code: 98023
Full Baths: 1
Stories: 1
Parking: Driveway Parking, Garage Attached, Off Street
Heating: Forced Air
Construction: Brick, Wood, Brick, Wood
Style: Contemporary
HOA Fee: $37/mo
Property Tax (2026): $5,807/yr
Assessed Value: $562,000
Last Sold: $264,950 · Feb 1, 2005
County: King
School District: Federal Way School District

Features & Amenities

Bedrooms

Bedrooms: 4
Bedrooms On Main Level: 4
Primary Bedroom Level: Main
Bedroom 1 Level: Main
Bedroom 2 Level: Main
Bedroom 3 Level: Main

Bathrooms

Total Bathrooms: 1.75
Full Bathrooms: 1
3/4 Bathrooms: 1
Bathrooms On Main Level: 2
Three Quarter Bathrooms On Main Level: 1
Full Bathrooms On Main Level: 1

Land Info

Land Lease: No
Lot Description: Cul-De-Sac, Dead End Street, Paved, Sidewalk
Lot Size Acres: 0.2583
Topography: Level, Partial Slope, Terraces
Lot Size Square Feet: 11250

Utilities

Power Production Type: Natural Gas
Sewer: Sewer Connected
Water Source: Public

Appliances

Dishwasher
Dryer
Microwave
Refrigerator
Stove(s)/Range(s)
Washer

Other Rooms

Bathroom - Full Level: Main
Bathroom - Three Quarter Level: Main
Entry Level: Main
Kitchen With Eating Space Level: Split
Utility Room Level: Main
Family Room Level: Main
Living Room Level: Main

Home Features

Security Features: Fully Fenced

Interior Features

Bath Off Primary, Dining Room, Fireplace, Walk-In Closet(s), Water Heater
Flooring: Vinyl, Wall to Wall Carpet

Garage and Parking

Attached Garage: Yes
Covered Spaces: 2
Open Parking: No
Parking Features: Driveway Parking, Garage-Attached, Off Street
Parking Total: 6

Kitchen and Dining

Dining Room Level: Main

School Information

Elementary School: Olympic View Elem
High School: Federal Way Snr High
High School District: Federal Way
Middle School: Lakota Mid Sch
School District: Federal Way

Heating and Cooling

Fireplace Features: Wood Burning
Heating Features: Forced Air
Heating Fuel: Natural Gas
Heating: Yes
Number of Fireplaces: 2
Water Heaters: gas

Other Property Info

Annual Tax Amount: 5806
Source Listing Status: Active
County: King
Directions: gps friendly
Tax Year: 2026
Inclusions: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Area: 110 - Dash Point/Federal Way
List Development Name: Twin Lakes
Source Neighborhood: Twin Lakes
Parcel Number: 8731901390
Subdivision: Twin Lakes

Homeowners Association

Association: Yes
Association Fee: 444
Association Fee Frequency: Annually
Association Fee Includes: Common Area Maintenance, Road Maintenance
Calculated Total Monthly Association Fees: 37

Building and Construction

Total Square Feet Living: 2140
Year Built: 1967
Building Area Total: 2140
Building Area Units: Square Feet
Construction Materials: Brick, Wood, Brick, Wood
Direction Faces: South
Entry Location: Main
Foundation Details: Poured Concrete
Levels: One
Property Age: 59
Property Condition: Good
Roof: Composition
Levels or Stories: One
Structure Type: House
House Style: 1 Story
Total Area Sqft: 2140
Elevation Units: Feet
Year Built Effective: 1967
Architectural Style: Contemporary

Exterior and Lot Features

Cable TV
Deck
Fenced-Fully
Gas Available
High Speed Internet
Deck: Yes

Price & Event History

Date	Event	Price	$/Sq Ft
Oct 21, 2026	Price Changed	$574,900	$269
Sep 28, 2026	Price Changed	$588,850	$275
Sep 13, 2026	Price Changed	$598,850	$280
Sep 1, 2026	Price Changed	$618,850	$289
Aug 16, 2026	Price Changed	$628,850	$294
Jun 17, 2026	Price Changed	$638,850	$299
May 26, 2026	Listed	$648,850	$303
Feb 1, 2005	Sold	$264,950	$124
Mar 8, 1999	Sold	$164,500	$77

Property Tax History

Year	Tax	Assessed	Land	Building	Market
2026	$5,807	$562,000	$216,000	$346,000	$562,000
2025	$5,484	$562,000	$216,000	$346,000	$562,000
2024	$5,431	$545,000	$216,000	$329,000	$545,000
2023	$5,285	$536,000	$178,000	$358,000	$536,000
2022	$4,889	$430,000	$142,000	$288,000	$430,000
2021	$4,578	$378,000	$117,000	$261,000	$378,000
2020	$4,345	$363,000	$98,000	$265,000	$363,000
2019	$4,022	$348,000	$94,000	$254,000	$348,000
2018	$4,327	$303,000	$86,000	$217,000	$303,000
2017	$3,918	$274,000	$79,000	$195,000	$274,000
2016	$3,810	$255,000	$76,000	$179,000	$255,000
2015	$3,534	$242,000	$76,000	$166,000	$242,000

Nearby Schools

4/10
Olympic View Elementary School
Public · Elementary, Middle · Grades K-7
0.1 mi
4/10
Decatur High School
Public · High · Grades 9-12
0.4 mi
NR
Compass Montessori School
Private · Elementary · Grades PK-K
1.1 mi