Federal Way Development
For Sale
$2,850,000
Pending
34249 21st Avenue SW, Federal Way, WA 98023
5.29 acres in Federal Way, zoned RS 7.2.
Property Size570 SF
Lot Size5.29 Acres
Days on Market487
Property Features for 34249 21st Avenue SW
General Information
Standard status
Pending
Size
570 SF
Lot size
5.29 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$1,840
Amenities
Sidewalk
Corner
Curbed Lot
Paved
Listing Agency:
KW MOUNTAINS TO SOUND REALTY
(253) 220-8371
Listed By:
DAVID R KNIGHT · License #12857
Source:
Corcoran
Added: Apr 10, 2025
Changed: Aug 8
Last Checked: Aug 8 at 1:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW MOUNTAINS TO SOUND REALTY
Investment Insights
Based on property information with market context.
This 5.29-acre property in Federal Way is zoned RS 7.2, permitting a variety of uses. Permitted uses include single-family homes (estimated 28 lots), community or recreation centers, clubhouses, churches, places of worship, schools, daycares, special needs housing, public utilities, transit centers, cemeteries, and cottage food operations. The property features a community garden setup, outbuildings, and a 570-square-foot small home structure. Sewer, city water, and all other utilities are available in the street for development. Fully improved streets are present on the east, south, and north sides. A driveway is already in place. The property is adjacent to a park and ride, with grocery shopping and business services nearby. It also offers easy access to I-5. The property is sold AS IS.
Key Highlights
- 5.29 acres zoned RS 7.2, allowing for diverse development options
- Utilities (sewer, city water) available in the street
- Fully improved streets on three sides and existing driveway facilitate immediate access
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Explore this area
Business Placement
Demographics for 98023, WA
51,713
Population
18,777
Households
2.8
Avg Household Size
38
Median Age
34%
College-Educated
93%
High-School Grad
10.3 sq mi
ZIP Area
5,021
Density / Sq Mi
$101,960
Median Household Income
$50,186
Median Earnings
$1,875
Median Rent
$545,600
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - 5.29 acres in Federal Way, zoned RS 7.2.
Where is this residential land & home lot located?
The property is located at 34249 21st Avenue SW Federal Way, WA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 5.29 acres zoned RS 7.2, allowing for diverse development options; Utilities (sewer, city water) available in the street; Fully improved streets on three sides and existing driveway facilitate immediate access
