Listing provided courtesy of HomeSmart Real Estate AssocNWMLSas Distributed by MLSGrid- MLS# NWM2525378MLS Provider

4540 SW 321st #Q1Federal Way, WA 98023

Condo · 2 Beds · 1 Full Bath · 785 Sq. ft. | 11.63 Acres
$242,000 Active

4540 SW 321st #Q1 Overview

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Welcome to Maplewood Condominiums in the desirable Dash Point community of Federal Way. Surrounded by towering evergreens & conveniently located betwn Twin Lakes Golf & Country Club & Dash Point State Park, this beautifully updated top-floor 2-br, 1b condo offers comfort, style, & easy living in a peaceful setting. Inside, you’ll find 785 sqft of thoughtfully designed living space featuring new vinyl flooring, insulated energy-efficient windows, & a bright open layout. The updatd kitchen includes brand-new stainless steel appliances, including an electric range, refrigerator, and dishwasher, plus a convenient eating space. The fully remodeled bathr showcases modern finishes and stylish upgrades, while the spacious primary br features a custom walk-in closet for exceptional storage & organization. Enjoy the convenience of private outdoor storage, abundant open parking, & access to. well-maintained community amenities including a swimming pool, athletic court, garden space, and beautifully landscaped grounds. HOA dues incl water, sewer, common area maintenance, rd maintenance, snow removal, security services, & more for worry-free ownership. Ideally located just minutes from Dash Point State Park’s trails and beaches, The Commons at Federal Way, shopping, dining, & major commuter routes including I-5 and Highway 18. Easy access to Tacoma, Seattle, and SeaTac Airport.

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4540 SW 321st #Q1 Facts & Features

  • Type Condo
  • Sq. ft. 785
  • Price/Sq.ft. $308
  • Lot 11.63 Acres

Details

General

Association/HOA

  • Association Fee: $530.00
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Common Area Maintenance, Lawn Service, Road Maintenance, Security, Sewer, Snow Removal, Trash, Water

School Information

  • School District: Federal Way

Building Information

  • Building Name: Maplewood Condominium
  • New Construction: No
  • Year Built: 1977

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 110 - Dash Point/Federal Way
  • Subdivision Name: Federal Way

Community/Development

  • Number Of Units In Community: 300

Tax Information

  • Tax Annual Amount: $2,794.00
  • Tax Year: 2026

General Information

  • Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Leased Equipment, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Listing Terms: Cash, Conventional, VA Loan
  • Parcel Number: 5126001450
  • Pets Allowed: Cats OK, Dogs OK
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 2
  • Bedrooms Lower: 0
  • Bedrooms Upper: 0

Building Interior

  • Appliance Hookups: Cooking-Electric,Dryer-Electric,Washer
  • Appliances Included: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Building Area Total: 785
  • Building Area Units: Square Feet
  • Calculated Square Footage: 785
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Unit Features: Ground Floor

General Information

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Laminate
  • Heating: Yes
  • Interior Features: Cooking-Electric, Dryer-Electric, Ground Floor, Washer, Water Heater
  • Laundry Features: Electric Dryer Hookup,Washer Hookup
  • Levels: Two
  • Living Area: 0
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Power Production Type: Electric
  • Security Features: Security Service
  • Stories Total: 2

Unit Information

  • Unit Number: Q1

Exterior

Parking Information

  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Parking Features: Uncovered
  • Parking Total: 0

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 11.6284
  • Lot Size Square Feet: 506535
  • Lot Size Units: Square Feet
  • Elevation Units: Feet

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Condominium

General Information

  • Carport: No
  • Exterior Features: Wood Products

Room Information

Room: Bathroom Full

  • Level: Main

Room: Bedroom

  • Level: Main

Room: Kitchen With Eating Space

  • Level: Main

Room: Primary Bedroom

  • Level: Main

4540 SW 321st #Q1 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.

4540 SW 321st #Q1 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.

4540 SW 321st #Q1 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

4540 SW 321st #Q1 History

Date Event Value Agent
5/17/2026Source: NWMLS Added to Database
May 17, 2026