Federal Way Homes under $500,000

Federal Way Homes under $500,000

Welcome to Federal Way, Washington—a vibrant and thriving community nestled in King County, just south of Seattle. Known for its lush green parks, scenic waterfront, and a strong sense of community, Federal Way offers an ideal blend of urban convenience and suburban charm.

One of the most appealing aspects of Federal Way is its diverse array of neighborhoods, each with its own unique character. From the tranquil tree-lined streets of the residential areas to the bustling shopping districts, there’s something for everyone here. Families will appreciate the excellent school systems, abundant recreational opportunities, and numerous parks, including the stunning Dash Point State Park, which boasts beautiful beaches and hiking trails.

For those seeking affordable housing options, Federal Way is a gem. There are a variety of homes available for under $500,000, making it an attractive choice for first-time homebuyers, young families, and even retirees looking to downsize. Whether you're searching for a cozy single-family home, a charming townhouse, or a spacious condo, you’ll find plenty of options that fit your budget without sacrificing quality or comfort.

Additionally, the city’s strategic location offers easy access to major highways and public transportation, making commutes to Seattle and Tacoma a breeze. With a rich tapestry of cultural events, shopping centers, and dining options, Federal Way is not just a place to live; it's a place to thrive. Explore the possibilities and discover your dream home in this welcoming community today!

Newest Federal Way Homes under $500,000

32820 20th Avenue S Unit #76, Federal Way
$369,950
3 Beds ⋅ 2 Baths ⋅ 2598266 MLS ⋅ ACTIVE Status
Welcome Home to Cedar Creek, a 55+ community where you own your lot and no space rent! Very rare and affordable with super low HOA dues that covers water, sewer and basic cable. This spacious, impeccably cared-for home has been wonderfully maintained by the same owner since it was purchased brand new in 1990, and offers a fantastic floor plan. You will love this warm and inviting home with tons of windows and vaulted ceilings throughout the living room, dining and kitchen area. The primary bedroom is right off the living room and features a walk-in closet and 3/4 bath. Totally turnkey and move-in ready, with a newer roof (approx. 10 yrs), new furnace and water heater in 2018. Privately located off and a community park. Covered carport with room for parking and entertaining, and a large deck right off the family room. Plus, a large 150 SF storage shed! Conveniently located minutes to town, the Commons shopping mall, restaurants, freeways and the new Light Rail. So much more....

32820 20th Avenue S Unit #76, Federal Way

Listing Broker: Windermere RE West Campus Inc; Steve Nagy; 206-713-3311; stevenagy@windermere.com

414 S 329th Lane, Federal Way
$425,000
3 Beds ⋅ 3 Baths ⋅ 2598772 MLS ⋅ ACTIVE Status
GREAT OPPORTUNITY IN THE HEART OF FEDERAL WAY! Welcome to Heritage Court, a charming, well-maintained community offering convenience, comfort and low-maintenance living! This beautifully remodeled, move-in ready home features a spacious, open concept living and dining area with a cozy fireplace, an updated kitchen with granite countertops and a versatile main level bedroom ideal for guests or a home office. Upstairs, enjoy a generous primary suite with a walk-in closet and private bath. Additional highlights include a bright sunroom, private outdoor space and an oversized garage with pull-down attic access for extra storage. Heritage Court is a Planned Unit Development (PUD), not a condominium, with affordable HOA dues covering common-area landscaping and access to community cabana and sport court. Conveniently located just minutes from shopping, restaurants, Costco, The Commons at Federal Way, light rail and I-5 with easy access to Sea-Tac Airport and downtown Seattle. Beautifully updated, ideally located and ready for its next owner. Don't miss this incredible opportunity!

414 S 329th Lane, Federal Way

Listing Broker: Better Properties RE King; Mike Yun; 206-201-9606; yunni1987@hotmail.com

2504 S 371st Street, Federal Way
$160,000
3 Beds ⋅ 2 Baths ⋅ 2595676 MLS ⋅ ACTIVE Status
Discover comfort, space, and convenience in this well-maintained 3-bedroom, 1.75-bath home located on a desirable corner lot in the quiet Killarney Woods community. Offering over 1,500 sq. ft. of living space, this home features a generously sized primary suite with a walk-in closet, providing a comfortable retreat at the end of the day. Enjoy relaxing or entertaining on the covered deck, or unwind in the sun porch. The property also offers two garden sheds, including a workshop, providing excellent storage and space for hobbies or projects. Conveniently located near shopping, the hospital, and other city amenities, this move-in-ready home offers a wonderful combination of space, functionality, and location. Come see all the possibilities this property has to offer!

2504 S 371st Street, Federal Way

Listing Broker: Realty One Group Pacifica; Kasey Dawes; 360-797-2444; KaseyDawesHomes@gmail.com

3001 S 288th Street S Unit #69, Federal Way
$95,000
2 Beds ⋅ 2 Baths ⋅ 2595491 MLS ⋅ ACTIVE Status
Welcome Home to where pride of ownership shows in this updated and well-maintained Manufactured Home located at Camelot all ages Manufactured Home Park in the hearth of Federal Way, King County Washington. Home features a new kitchen with Island and bar sitting area. Updated Stainless Steel appliances and are all there to stay. Luxury Vynal Plank flooring with one tiled walk-in shower and one tub shower in the main bedroom. Fresh coat of paint and new light fixtures all throughout the home. Large living/dining area with vaulted ceilings. Spacious kitchen with many cabinets. All appliances stay. The master suite includes a garden tub, skylights lots of closet space. Space rent includes water, sewer, garbage, clubhouse, common area, exercise room, playground, RV parking. Pool and many more amenities.

3001 S 288th Street S Unit #69, Federal Way

Listing Broker: Keller Williams Realty; Pa Jaiteh; 253-766-9378; papasrealestate100@gmail.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

2101 S 324th Street Unit #324, Federal Way
$69,000
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

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

31227 7th Avenue S, Federal Way
$450,000
4 Beds ⋅ 3 Baths ⋅ 2581284 MLS ⋅ ACTIVE Status
Opportunity awaits in Federal Way! This charming 1.5-story home offers the perfect canvas to create a space that feels truly your own. Enjoy convenient main-level living and additional space upstairs to suit your needs. The detached two-car garage adds even more versatility, offering plenty of room for parking, storage, hobbies, a workshop, or everyday extras. With its unique layout and generous additional space, this home offers plenty of possibilities for someone ready to bring their vision and personal style to life. Conveniently located in Federal Way with easy access to shopping, dining, parks, schools, and major commuter routes. Come see the possibilities and imagine what you can create!

31227 7th Avenue S, Federal Way

Listing Broker: eXp Realty; Sujin Cha; 206-235-1996; sujin.cha@exprealty.com

4802 SW 317th Lane Unit #C, Federal Way
$349,950
3 Beds ⋅ 3 Baths ⋅ 2590450 MLS ⋅ ACTIVE Status
Don’t miss this beautifully updated home in SmokeTree! This spacious 3-bedroom townhome truly shines, offering a wonderful combination of stylish updates, privacy, and low-maintenance living. Tucked away at the back of the community, this home enjoys a lovely, private backyard area that does not back up to the street. Inside, you’ll find brand-new luxury vinyl plank flooring throughout the main level, stairs, upper hallway, and bathrooms, along with new carpet in all three bedrooms. The beautiful kitchen has been refreshed with brand-new stainless steel appliances, freshly painted cabinets, resurfaced counters, updated lighting, and a bright, modern feel that’s perfect for everyday living and entertaining. Additional features include fresh paint throughout the home and an attached one-car garage, plus convenient parking in front of the garage. Enjoy access to wonderful community amenities, including an outdoor pool and clubhouse, all surrounded by mature, beautifully established landscaping. The location is ideal, with shopping, dining, trails, and parks nearby, along with easy access to major routes and freeways. This is a fantastic opportunity to own an updated home in a desirable community while enjoying the convenience and ease of a low-maintenance lifestyle. The entire SmokeTree community is getting a fresh new look with exterior painting underway—and it’s looking amazing! Come see all that this special home has to offer!

4802 SW 317th Lane Unit #C, Federal Way

Listing Broker: RentLucky; Shelly Baehler; 206-713-9020; shelly@rentlucky.com

2101 S 324th Street Unit #19, Federal Way
$299,000
2 Beds ⋅ 2 Baths ⋅ 2589315 MLS ⋅ ACTIVE Status
Belmor Park is waiting for you! This beautifully maintained 55+ community features a 9-hole golf course, an indoor pool, dog park, and a small gym. This new home features a cozy, but open layout. There are 2 bedrooms, 2 bathrooms and a den you can turn into an office or another little living area. Do not miss out on this opportunity get a new home in this quiet community, well maintained community.

2101 S 324th Street Unit #19, Federal Way

Listing Broker: MLS4owners.com; Chris C. Nye; 253-460-1900; sales@mls4owners.com

2101 S 324th Street Unit #7, Federal Way
$325,000
3 Beds ⋅ 2 Baths ⋅ 2589237 MLS ⋅ ACTIVE Status
Brand new double-wide! Come join Belmor Park and the many amenities that it offers. This 3-bedroom 2-bathroom home features an open concept with a spacious kitchen with lots of cabinets space and an island for all your entertaining needs. After a long day, retire in your living room to watch tv in front of your built-in entertainment center or just have a nice drink by your electric fireplace. If you are a golfer, like to swim or just want to be close to the city, Belmor Park is the place for you.

2101 S 324th Street Unit #7, Federal Way

Listing Broker: MLS4owners.com; Chris C. Nye; 253-460-1900; sales@mls4owners.com

2101 S 324th Street Unit #188, Federal Way
$179,000
2 Beds ⋅ 2 Baths ⋅ 2589219 MLS ⋅ ACTIVE Status
If you are looking to downsize and want a singlewide, this 900 sq ft unit is for you. Retire in style and come enjoy the many benefits this community has to offer, like the golf course and indoor pool to name a few. The unit comes with a heat pump for those hot summer days and irrigation, so you don’t have to go out and water yourself. You don’t want to miss this great opportunity. This is a 55+ community, and local sales tax apply to all new home sales.

2101 S 324th Street Unit #188, Federal Way

Listing Broker: MLS4owners.com; Chris C. Nye; 253-460-1900; sales@mls4owners.com

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