Listing provided courtesy of Real Broker LLCNWMLSas Distributed by MLSGrid- MLS# NWM2535682MLS Provider

505 SW 366th StreetFederal Way, WA 98023

Single Family · 5 Beds · 1 Full Bath · 3 Three Quarter Baths · 3,350 Sq. ft. | 0.35 Acres
$1,395,000 Active

505 SW 366th Street Overview

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Welcome to South Campus Estates — a coveted enclave of newer-construction homes in Federal Way. Built in 2023 by JK Monarch, this 5-bed, 3.25-bath Modern Farmhouse Craftsman offers 3,350 sq ft on a sprawling 15,118 sq ft lot, no HOA. The great room boasts soaring 18-foot ceilings, while the chef-inspired kitchen anchors the home with a 15-foot island, custom cabinetry to the ceiling, Quartz counters, and an oversized walk-in pantry. Engineered hardwood floors and generous hallways flow throughout. Upstairs, the spacious primary suite offers two closets and an en suite bath. A second en suite bedroom with its own ¾ bath joins two more bedrooms sharing a full bath, plus a bonus loft. A main-floor bedroom with a ¾ bath nearby offers flexible guest or office space. The seller commissioned substantial post-purchase upgrades, completed by the builder — including a 4th garage bay (housing a second kitchen with ADU potential), a backyard storage shed on a concrete slab, and the upstairs ¾ bath/second en suite conversion — a true investment beyond the recorded sale price. Enjoy 4 driveway spaces plus 4 in the garage. A large covered patio with TIG cover overlooks an expansive, level backyard — a blank canvas for landscaping, a pool, or a future DADU. Catch a partial Cascade Mountain view from the front of the home. Minutes to I-5, Costco, and West Hylebos Wetlands Park, with easy access to Seattle, Tacoma, SeaTac, and Puget Sound waterfront.

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505 SW 366th Street Facts & Features

  • Type Single Family
  • Sq. ft. 3,350
  • Price/Sq.ft. $416
  • Lot 0.35 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Federal Way

Building Information

  • New Construction: No
  • Year Built: 2023

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 100 - Jovita/West Hill
  • Subdivision Name: Federal Way

Rent/Lease Information

  • Land Lease: No

Tax Information

  • Tax Annual Amount: $10,775.00
  • Tax Year: 2025

General Information

  • Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Listing Terms: Cash, Conventional, FHA, VA Loan
  • Parcel Number: 7879650050
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Building Information

  • Building Information: Built On Lot

Parking Information

  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 3
  • Bathrooms Total: 4
  • Bedrooms Total: 5
  • Bedrooms Lower: 1
  • Bedrooms Upper: 4

Building Interior

  • Appliances Included: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Building Area Total: 3350
  • Building Area Units: Square Feet
  • Calculated Square Footage: 3350
  • Square Footage Finished: 3350
  • Square Footage Unfinished: 0

General Information

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
  • Basement: None
  • Cooling: Yes
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Flooring: Ceramic Tile, Engineered Hardwood, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Interior Features: Second Kitchen, Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, French Doors, Loft, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
  • Levels: Two
  • Living Area: 3350
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 0
  • Power Production Type: Electric,Natural Gas
  • Security Features: Fully Fenced

Exterior

Parking Information

  • Open Parking: No
  • Parking Features: Driveway, Attached Garage, Off Street, RV Parking
  • Parking Total: 8
  • Parking Uncovered Total: 4

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Open Space, Paved, Sidewalk
  • Lot Size Acres: 0.3471
  • Lot Size Square Feet: 15118
  • Lot Size Units: Square Feet
  • Site Features: Fenced-Fully, High Speed Internet, Outbuildings, Patio, RV Parking, Shop
  • Topography: Level, Partial Slope
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: Yes
  • Roof: Composition
  • Structure Type: House

General Information

  • Carport: No
  • Covered Spaces: 4
  • Exterior Features: Cement Planked
  • Sewer: Sewer Connected

Room Information

Room: Bedroom

  • Level: Lower

Room: Bathroom Three Quarter

  • Level: Main

Room: Dining Room

  • Level: Main

Room: Entry Hall

  • Level: Main

Room: Great Room

  • Level: Main

Room: Kitchen With Eating Space

  • Level: Main

Room: Bathroom Full

  • Level: Second

Room: Bathroom Three Quarter

  • Level: Second

Room: Bathroom Three Quarter

  • Level: Second

Room: Bedroom

  • Level: Second

Room: Bedroom

  • Level: Second

Room: Bedroom

  • Level: Second

Room: Extra Fin Room

  • Level: Second

Room: Primary Bedroom

  • Level: Second

Room: Utility Room

  • Level: Second

505 SW 366th Street Neighborhood

Community

98023 (Federal Way) Demographics

37
Median Age
4,278
Population Density (per sq. mile)
42%
College Educated
$82,566
Estimated Median Income
10,989
Estimated Total Home Owners
6,477
Estimated Total Renters
63% / 37%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

505 SW 366th Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

505 SW 366th Street Market Data

Based on the last 30 days in this zip code

$732,198
Average List Price
$332
Average Price per Square Foot
38
Properties Sold
62
Average Days on Market
184
Properties for Sale
Calculations provided by Reliance Network

505 SW 366th Street History

Date Event Value Agent
6/19/2026Source: NWMLS Added to Database
June 19, 2026