OPEN SAT, 12PM TO 2PM

Listed by Krystal Phy • Century 21 Blue Chip.

For sale

$549,999

Est. $3,130/mo —

•

1,450

sq ft

33417 40th Ave SW, Federal Way, WA 98023

About this home

Welcome home to this inviting split-level in the desirable Twin Lakes area of Federal Way! Fresh interior paint, brand-new carpet, and thoughtful updates make this 3-bedroom, 2-bath home move-in ready with plenty of opportunity to make it your own. The light-filled living room features a beautiful stone fireplace with a wood stove insert, creating a warm and welcoming gathering space. The kitchen offers generous cabinet storage and opens to the dining area, with sliding doors leading to a spacious deck, perfect for outdoor dining, entertaining, or simply relaxing. The flexible split-level layout provides room to spread out, whether you need a home office, guest space, or a second living area. Enjoy the convenience of an attached two-car garage, a recently remodeled upstairs bathroom, and updated plumbing. Just minutes from Dash Point State Park, scenic trails, Puget Sound beaches, shopping, dining, and everyday essentials. With its recent improvements, functional layout, and convenient location, this home is ready for its next chapter!

Single-familyProperty Type

1979Year Built

6,666 sq ftLot Size

$379Price/Sq.Ft.

4 spacesParking

Listed by Krystal Phy • Century 21 Blue Chip

Listing updated: Oct 23, 2026 at 10:32am

Redfin checked: 2 minutes ago

•Source:NWMLS as Distributed by MLS Grid #2596375

Payment calculator

$3,130 per month

Principal and interest$3,002

Property taxes

$51

HOA dues

Home insurance

$78

Utilities

Add

5 minutes to get started. No credit impact.

Affordability tools

See this home in person

Open houses

Saturday, Oct 24

12:00pm - 2:00pm

Nearby open houses (10)

REDFIN OPEN SAT, 11AM TO 1PM3D WALKTHROUGH
$660,000
3 beds2.5 baths2,067 sq ft
5111 Royal Dr W, University Place, WA 98467
Redfin
REDFIN OPEN SAT, 11AM TO 1PM3D & VIDEO TOUR
$650,000
3 beds2 baths1,850 sq ft
3018 S 225th Pl, Des Moines, WA 98198
Redfin
REDFIN OPEN SAT, 11AM TO 1PM3D WALKTHROUGH
$650,000
4 beds2.5 baths1,920 sq ft
3713 19th Avenue Ct SE, Puyallup, WA 98372
Redfin
REDFIN OPEN SAT, 11AM TO 1PM3D WALKTHROUGH
$379,950
3 beds1.5 baths1,224 sq ft
4813 S Oakes St, Tacoma, WA 98409
Redfin
REDFIN OPEN SAT, 11AM TO 1PM3D WALKTHROUGH
$815,000
3 beds2.5 baths2,657 sq ft
4505 79th Avenue Ct W, University Place, WA 98466
Redfin
REDFIN OPEN SAT, 12PM TO 2PM3D WALKTHROUGH
$800,000
5 beds2.5 baths2,900 sq ft
22024 102nd Pl SE, Kent, WA 98031
Redfin
REDFIN OPEN SAT, 2PM TO 4PM3D WALKTHROUGH
$625,000
4 beds2.5 baths1,950 sq ft
35111 13th Pl SW, Federal Way, WA 98023
Redfin
REDFIN OPEN SAT, 2PM TO 4PM3D WALKTHROUGH
$299,950
2 beds2 baths989 sq ft
10619 SE 261st Pl Unit E106, Kent, WA 98030
Redfin
REDFIN OPEN SAT, 2PM TO 4PM3D WALKTHROUGH
$325,000
2 beds2 baths1,125 sq ft
23521 55th Ave S Unit 12-2, Kent, WA 98032
Redfin
REDFIN OPEN SAT, 2PM TO 4PM3D WALKTHROUGH
$665,000
4 beds2.5 baths2,200 sq ft
38060 38th Ave S, Auburn, WA 98001
Redfin

Around this home

Schools

K - 12
Preschool & daycare

Brigadoon Elementary School

Public PreK-5 • Assigned • 0.3mi

4/10

Technology Access Foundation Academy at Saghalie

Public 6-12 • Assigned • 1.3mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Market insights

33417 40th Ave SW · $549,999

SALE-TO-LIST

Most homes are selling 2% below list price.

LIST PRICE

Median sale price in this area is $967,998. (76% higher than this home)

PRICE DROP

27% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Finished basement
Wood-burning fireplace

Bedrooms
3 bedrooms: 2 upper-level, 1 lower-level

Bathrooms
1 full bathroom
1 three-quarter bathroom

Kitchen
Dishwasher
Garbage disposal
Refrigerator
Stove/range

Laundry & utility
Washer
Dryer

Flooring
Vinyl plank
Carpet

Heating & cooling
Forced-air heating

Sale and tax history for 33417 40th Ave SW

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2026

$626 (+3.2%)

$167,000 + $337,000

$504,000

2025

$607 (−3.7%)

$167,000 + $337,000

$504,000

2024

$630 (−41.2%)

$167,000 + $321,000

$488,000

2023

$1,072 (−18.6%)

$151,000 + $291,000

$442,000

2022

$1,316 (−6.6%)

$138,000 + $342,000

$480,000

2021

$1,409 (−59.8%)

$110,000 + $275,000

$385,000

2020

$3,506 (+8.0%)

$90,000 + $213,000

$303,000

2019

$3,247 (−7.0%)

$72,000 + $207,000

$279,000

2018

$3,492 (+10.3%)

$72,000 + $207,000

$279,000

2017

$3,166 (+2.7%)

$66,000 + $177,000

$243,000

2016

$3,083 (+7.6%)

$60,000 + $160,000

$220,000

2015

$2,866 (+12.0%)

$58,000 + $147,000

$205,000

2014

$2,559 (+4.7%)

$58,000 + $137,000

$195,000

2013

$2,444 (−2.8%)

$73,000 + $84,000

$157,000

2012

$2,513 (−3.5%)

$73,000 + $73,000

$146,000

2011

$2,603 (−0.7%)

$98,000 + $99,000

$197,000

2010

$2,620 (−6.0%)

$98,000 + $107,000

$205,000

2009

$2,788

$84,000 + $167,000

$251,000

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

6,666 Sq. Ft.

Year renovated

—

Finished Sq. Ft.

1,450

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,450

Year built

1979

Style

Single Family Residential

County

King County

APN

327900 0680

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 9, 2026.

Local insights from Redfin agents

Federal Way buyers should compare lot sizes, views, and shopping access in Twin Lakes, Marine Hills, and Dash Point. Sellers should highlight their home’s strengths and price against nearby comparable sales. Explore Dash Point State Park and Dumas...
2 days ago • Federal Way
Shauna Rumel
Redfin agent
Was this helpful?
Situated right along the Puget Sound, Federal Way is best known for its blend of natural beauty, fun attractions, and rich local culture! Locals love it for its vibrant dining scene and convenient location right between Seattle and Tacoma!
7 days ago • Federal Way
Andrew Maglalang-Weakley
Redfin Premier agent • Listing Agent
468 deals
Was this helpful?

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 87° expected this year, 15 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

6/10 Air Factor

8 unhealthy days expected this year, 9 days in 30 years

Provided by First Street

Historical weather

Federal Way, WA • 98023

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

90/ 100

Exceptional sunlight

Sunscore

This home ranks in the top 18% for direct sun exposure in Federal Way. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

10.3 hrs

5 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 33417 40th Ave SW

$549,988

$11 under list price of $550K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $550K to $600K.

SOLD SEP 30, 2026
$550,000 Last sold price
3 beds2 baths1,410 sq ft
2662 SW 332nd St, Federal Way, WA 98023
Listing provided by nwmls
$11/sq ft
larger lot
12 years older
SOLD AUG 27, 2026
$549,950 Last sold price
3 beds2 baths1,260 sq ft
3705 SW 338th Pl, Federal Way, WA 98023
Listing provided by nwmls
$57/sq ft
1 year older
no basement
SOLD SEP 11, 2026
$555,000 Last sold price
3 beds3 baths1,620 sq ft
2660 SW 335th Pl, Federal Way, WA 98023
Listing provided by nwmls
$36/sq ft
larger lot
3 years older
SOLD OCT 9, 2026
$550,000 Last sold price
4 beds2 baths1,750 sq ft
33411 29th Pl SW, Federal Way, WA 98023
Listing provided by nwmls
$65/sq ft
larger lot
2 years older
SOLD JUN 12, 2026
$580,000 Last sold price
3 beds2.5 baths1,410 sq ft
4515 SW 327th St, Federal Way, WA 98023
Listing provided by nwmls
$32/sq ft
7 years newer
no basement
SOLD BY REDFIN MAR 27, 2026
$600,000 Last sold price
3 beds2 baths1,430 sq ft
33339 40th Ave SW, Federal Way, WA 98023
Listing provided by nwmls
$41/sq ft
1 year newer
no basement

Rental earnings

Est. $2,874 per month, based on comparable rentals

Tour for free, no strings attached

Make a winning offer with the help of a local agent

Ask a question

(253) 693-2912

Listed by Century 21 Blue Chip

Early Access listings

EARLY ACCESSCOLDWELL BANKER REALTY COMING SOON

$2,750,000

3 beds4 baths3,570 sq ft

2517 25th Ave W, Seattle, WA 98199

EARLY ACCESSCOMPASS COMING SOON

$520,000

2 beds2 baths1,280 sq ft

6918 208th St SW #209, Lynnwood, WA 98036

EARLY ACCESSCOMPASS COMING SOON

$2,439,000

4 beds5 baths5,232 sq ft

16719 168th Pl NE, Woodinville, WA 98072

EARLY ACCESSCOLDWELL BANKER REALTY COMING SOON

$999,990

3 beds3 baths2,106 sq ft

222 Bayside Rd, Bellingham, WA 98225

EARLY ACCESSCOLDWELL BANKER REALTY COMING SOON

$925,000

4 beds2 baths2,124 sq ft

3193 NW Weed Ln, Poulsbo, WA 98370

EARLY ACCESSREDFIN COMING SOON

$499,999

3 beds1 bath1,510 sq ft

7702 59th Ave NE, Marysville, WA 98270

Nearby similar homes

$600,000

4 beds2 baths1,860 sq ft

34701 31st Pl SW, Federal Way, WA 98023

Felicia Mackey • Berkshire Hathaway HS NW

$509,950

3 beds1.5 baths1,582 sq ft

5059 33rd Ct NE, Tacoma, WA 98422

David Berg • Keller Williams Realty PS

3D WALKTHROUGH

$649,500

3 beds2.5 baths2,146 sq ft

4008 42nd St NE, Tacoma, WA 98422

Patrick Mercado • PropertiesNW of Gig Harbor Ltd

VIDEO TOUR

$495,000

3 beds2 baths1,336 sq ft

3214 45th Ave NE, Tacoma, WA 98422

Stephanie Herrmann • Better Properties Soundview

$606,450

4 beds2.5 baths1,850 sq ft

4259 SW 338th St, Federal Way, WA 98023

Aline Ricardo • Designed Realty

VIDEO TOUR

$620,000

4 beds2.5 baths2,160 sq ft

34515 25th Ave SW, Federal Way, WA 98023

Jaime Carroll • Windermere Real Estate/PSR Inc

New listings for sale in 98023

REDFIN OPEN SAT, 2PM TO 4PM3D WALKTHROUGH

$625,000

4 beds2.5 baths1,950 sq ft

35111 13th Pl SW, Federal Way, WA 98023