Listing provided courtesy of Windermere RE South Sound, Inc. Bought with Windermere RE West Campus Inc.

Off market jun 2022 for $900K

$850,520

Est. refi paymentEst. refi $5,864/mo

•

2.5 ba

•

2,410

sq ft

32205 40th Pl SW, Federal Way, WA 98023

About this home

Gracious custom built one level home on Lake Lorene. Open living area with cathedral ceilings. Slate entry w/built in bookcases, floor to ceiling 2 sided rock fireplace (liv/fam rms), 4 bedrooms plus den/office as you enter home from the oversized (670 sq ft) finished garage, complete w/newer garage door & opener. Large master bedroom w/walk-thru closet. 2 other bedrooms have walk-in closets. Partially covered patio for outdoor entertaining. Enjoy sunsets over the lake as you wind down your day.

Single-familyProperty Type

1970Year Built

0.26 acresLot Size

$353Est. Price/Sq.Ft.

2 car garageParking

Listed by • Windermere RE South Sound, Inc

Bought with • Windermere RE West Campus Inc

Source:NWMLS as Distributed by MLS Grid #27165400

Redfin Estimate

$850,520

$49K since sold in June 2022$7,000 since October

Recently sold homes
Estimate history

This home's estimate is 30% higher than the average sale price ($654K) of 6 comparable homes.

SOLD JUL 30, 2026
$692,000
A
4 beds3 baths2,440 sq ft
4204 SW 315th St, Federal Way, WA 98023
Listing provided by nwmls
SOLD JUN 24, 2026
$660,000
B
3 beds2.5 baths2,210 sq ft
31521 42nd Ave SW, Federal Way, WA 98023
Listing provided by nwmls
SOLD AUG 19, 2026
$571,000
C
4 beds2.5 baths2,150 sq ft
32624 35th Ave SW, Federal Way, WA 98023
Listing provided by nwmls
SOLD OCT 22, 2026
$654,000
D
4 beds2.5 baths2,340 sq ft
32912 46th Ct SW, Federal Way, WA 98023
Listing provided by nwmls
SOLD APR 23, 2026
$660,000
E
4 beds2.5 baths1,824 sq ft
31421 41st Ave SW, Federal Way, WA 98023
Listing provided by nwmls
SOLD NOV 21, 2025
$689,000
F
4 beds2.5 baths2,100 sq ft
3646 SW 317th Ct, Federal Way, WA 98023
Listing provided by nwmls

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Earn from this home

Sell

$128,799

Est. take-home

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Refinance

Est. cash available

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Rent

$3,476/mo

Redfin rental estimate

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Market trends in 98023, WA

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

98.6%

0.8% MoM

Median sale price

$615K

$10K MoM

Avg. days on market

34d

10 days MoM

Recently sold homes

114

13 MoM

New listings for sale

NEW
$699,000
4 beds3 baths2,730 sq ft
3925 317 th St SW, Federal Way, WA 98023
Boots Swan • Coldwell Banker Danforth
NEW
$570,000
3 beds3 baths1,840 sq ft
32024 4th Ave SW, Federal Way, WA 98023
Kris Huber • Windermere RE West Campus Inc
OPEN SAT, 11AM TO 1PM
$489,500
3 beds2 baths940 sq ft
33215 36th Ave SW, Federal Way, WA 98023
Jan Lewis • Windermere Real Estate/East
NEW
$725,000
4 beds2.5 baths2,534 sq ft
186 SW 311th Pl, Federal Way, WA 98023
Kyong Kwon • Berkshire Hathaway HS NW
NEW
$674,950
4 beds3 baths2,400 sq ft
3614 SW 331st St, Federal Way, WA 98023
Matthew Gerrish • Premier Real Estate Partners
$315,000
2 beds2 baths960 sq ft
33020 10th Ave SW Unit A 304, Federal Way, WA 98023
Kyong Kwon • Berkshire Hathaway HS NW
$449,990
3 beds1 bath1,100 sq ft
2233 SW 331st, Federal Way, WA 98023
Kelly Gilleland • John L. Scott, Inc.
LISTED BY REDFIN
$225,000
2 beds1 bath809 sq ft
32120 45th Pl SW Unit C6, Federal Way, WA 98023
Redfin
$659,950
4 beds2.5 baths2,460 sq ft
37110 5th Ave SW, Federal Way, WA 98023
Lia Huang • Dalton Wade, Inc.
3D WALKTHROUGH
$799,500
3 beds2.5 baths2,645 sq ft
31327 43rd Pl SW, Federal Way, WA 98023
Emily Anderson • Every Door Real Estate
See all

Provided by Redfin

Sale history for 32205 40th Pl SW

Date

Event

Price

Public Records

Jun 24, 2022

Sold

$900,000

$373/sq ft

NWMLS as Distributed by MLS Grid #27165400

May 1, 2008

Sold (MLS) (Sold)

$425,000

$176/sq ft

Apr 25, 2008

Delisted

—

Apr 15, 2008

Contingent

—

Mar 17, 2008

Price Changed

$460,000

$191/sq ft

Feb 19, 2008

Relisted

—

Feb 19, 2008

Price Changed

$475,000

$197/sq ft

Feb 19, 2008

Contingent

—

Nov 14, 2007

Price Changed

$498,000

$207/sq ft

Sep 28, 2007

Price Changed

$509,950

$212/sq ft

Sep 10, 2007

Listed

$539,950

$224/sq ft

Public Records

May 13, 1987

Sold

$142,000

$59/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$8,643 (+8.3%)

$253,000 + $609,000

$862,000

2025

$7,983 (−0.3%)

$253,000 + $609,000

$862,000

2024

$8,004 (+25.3%)

$253,000 + $561,000

$814,000

2023

$6,389 (+8.1%)

$228,000 + $509,000

$737,000

2022

$5,910 (−4.0%)

$208,000 + $444,000

$652,000

2021

$6,158 (+5.3%)

$166,000 + $357,000

$523,000

2020

$5,849

$158,000 + $355,000

$513,000

2019

$5,844 (−7.1%)

$126,000 + $384,000

$510,000

2018

$6,293 (+10.4%)

$126,000 + $384,000

$510,000

2017

$5,701 (+12.6%)

$115,000 + $329,000

$444,000

2016

$5,061 (+7.7%)

$105,000 + $297,000

$402,000

2015

$4,698 (−9.2%)

$100,000 + $241,000

$341,000

2014

$5,173 (+5.0%)

$100,000 + $224,000

$324,000

2013

$4,929 (+8.8%)

$105,000 + $218,000

$323,000

2012

$4,530 (−3.3%)

$105,000 + $195,000

$300,000

2011

$4,684 (−0.8%)

$140,000 + $220,000

$360,000

2010

$4,721 (+7.3%)

$140,000 + $235,000

$375,000

2009

$4,401

$128,000 + $273,000

$401,000

Tax history for 32205 40th Pl SW

Year

Property tax

Land + Additions

Assessment*

2026

$8,643 (+8.3%)

$253,000 + $609,000

$862,000

2025

$7,983 (−0.3%)

$253,000 + $609,000

$862,000

2024

$8,004 (+25.3%)

$253,000 + $561,000

$814,000

2023

$6,389 (+8.1%)

$228,000 + $509,000

$737,000

2022

$5,910 (−4.0%)

$208,000 + $444,000

$652,000

2021

$6,158 (+5.3%)

$166,000 + $357,000

$523,000

2020

$5,849

$158,000 + $355,000

$513,000

2019

$5,844 (−7.1%)

$126,000 + $384,000

$510,000

2018

$6,293 (+10.4%)

$126,000 + $384,000

$510,000

2017

$5,701 (+12.6%)

$115,000 + $329,000

$444,000

2016

$5,061 (+7.7%)

$105,000 + $297,000

$402,000

2015

$4,698 (−9.2%)

$100,000 + $241,000

$341,000

2014

$5,173 (+5.0%)

$100,000 + $224,000

$324,000

2013

$4,929 (+8.8%)

$105,000 + $218,000

$323,000

2012

$4,530 (−3.3%)

$105,000 + $195,000

$300,000

2011

$4,684 (−0.8%)

$140,000 + $220,000

$360,000

2010

$4,721 (+7.3%)

$140,000 + $235,000

$375,000

2009

$4,401

$128,000 + $273,000

$401,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Property details

Interior

Bathroom Information
# of Full Baths: 1
# of 1/2 Baths: 1
# of 3/4 Baths: 1

Heating & Cooling
Heating Fuel Type: Gas
Heating Type: Heat Pump

Fireplace Information
# of Fireplaces: 1
Has Fireplace

Exterior

Exterior Information
Physical Condition: Very Good
Building Construction Quality: Good
Building Type: Single Family

View Information
View: Lake

Property Information
Subdivision Name: TWIN LAKES 04
Living Sq. Ft: 2,410
Ground Floor Sq. Ft: 2,410
Building Sq. Ft: 3,080
# of Stories: 1
Legal Description: TWIN LAKES # 4 PLAT BLOCK: PLAT LOT: 78

Parking & Garage Information
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 670
Garage / Carport Type: Attached

Lot Information
# of Buildings: 1
Land Sq. Ft: 11,400
Legal Lot Number: 78
School Tax District: FEDERAL WAY #210
Municipality Name: FEDERAL WAY
Acres: 0.2617
Zoning Code: RS7.2
County Use Description: SINGLE FAMILY(RES USE/ZONE)

Utility Information
Sewer Type: Public
Water Service Type: Public

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 4
Baths: 2.5
Sq. Ft.: 2,410
Stories: 1.0
Lot Size: 0.26 acres
Style: Single Family Residential
Year Built: 1970
Year Renovated: —
County: King County
APN: 873196 0780

Home facts updated by county records on Sep 5, 2026

Around this home

Schools

K - 12
Preschool & daycare

Twin Lakes Elementary School

Public PreK-5 • Assigned • 0.3mi

8/10

Lakota Middle School

Public 6-8 • Assigned • 1.5mi

5/10

Decatur High School

Public 9-12 • Assigned • 0.8mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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...
3 weeks ago • Federal Way
Shauna Rumel
Redfin agent
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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!
4 weeks ago • Federal Way
Andrew Maglalang-Weakley
Redfin Premier agent • Listing Agent
469 deals
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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, 16 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

In this area, properties receive around 8.9 hours in June and 1.7 hours in December, placing it below the U.S. average for solar exposure.

8.9 hrs

1.7 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$808,000 – $979,000

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Nearby similar homes

$449,990

3 beds1 bath1,100 sq ft

2233 SW 331st, Federal Way, WA 98023

Single-level living • Fully fenced yard • Large backyard shed

Listing provided by NWMLS as Distributed by MLS Grid

$729,999

5 beds3 baths2,160 sq ft

31758 SW 14th Way, Federal Way, WA 98023

7,135 sq ft lot • Garage • Built 1992

Listing provided by NWMLS as Distributed by MLS Grid

3D WALKTHROUGH

$660,000

5 beds2.5 baths3,560 sq ft

2019 SW 317th Pl, Federal Way, WA 98023

Corner lot • Multi-level deck • Mini orchard

Listing provided by NWMLS as Distributed by MLS Grid

$663,000

4 beds2.5 baths2,010 sq ft

1228 SW 330th Pl, Federal Way, WA 98023

Corner lot • Landscaped lot • Vaulted ceilings

Listing provided by NWMLS as Distributed by MLS Grid

3D WALKTHROUGH

$744,900

4 beds2.5 baths2,650 sq ft

709 SW 323rd St, Federal Way, WA 98023

Island kitchen • Spacious pantry • Peaceful corner lot

Listing provided by NWMLS as Distributed by MLS Grid

3D WALKTHROUGH

$950,000

4 beds2.5 baths2,660 sq ft

31222 22nd Ave SW, Federal Way, WA 98023

Peaceful cul-de-sac • Private oasis • Exceptional privacy

Listing provided by NWMLS as Distributed by MLS Grid

New listings for sale in 98023

NEW

$699,000

4 beds3 baths2,730 sq ft

3925 317 th St SW, Federal Way, WA 98023

Golf course frontage • New roof • 8,000 sq ft lot

Listing provided by NWMLS as Distributed by MLS Grid

NEW

$570,000

3 beds3 baths1,840 sq ft

32024 4th Ave SW, Federal Way, WA 98023

New roof • Newer deck • Granite countertops

Listing provided by NWMLS as Distributed by MLS Grid

OPEN SAT, 11AM TO 1PM

$489,500

3 beds2 baths940 sq ft

33215 36th Ave SW, Federal Way, WA 98023

Cedar siding • Vinyl windows • Built-in shelving

Listing provided by NWMLS as Distributed by MLS Grid

NEW

$725,000

4 beds2.5 baths2,534 sq ft

186 SW 311th Pl, Federal Way, WA 98023

Rainier floor plan • Formal living room • Formal dining room

Listing provided by NWMLS as Distributed by MLS Grid

NEW

$674,950

4 beds3 baths2,400 sq ft

3614 SW 331st St, Federal Way, WA 98023

Large deck • Multiple decks • Garden space

Listing provided by NWMLS as Distributed by MLS Grid

$315,000

2 beds2 baths960 sq ft

33020 10th Ave SW Unit A 304, Federal Way, WA 98023

Top floor end unit • Bright open kitchen • Private balcony

Listing provided by NWMLS as Distributed by MLS Grid

$449,990

3 beds1 bath1,100 sq ft

2233 SW 331st, Federal Way, WA 98023

Single-level living • Fully fenced yard • Large backyard shed

Listing provided by NWMLS as Distributed by MLS Grid

LISTED BY REDFIN3D WALKTHROUGH

$225,000

2 beds1 bath809 sq ft

32120 45th Pl SW Unit C6, Federal Way, WA 98023

Updated kitchen • Premium cabinetry • Private deck

Listing provided by NWMLS as Distributed by MLS Grid

$659,950

4 beds2.5 baths2,460 sq ft

37110 5th Ave SW, Federal Way, WA 98023

Cedar sauna • Second laundry area • Fully fenced yard

Listing provided by NWMLS as Distributed by MLS Grid

Home values near 32205 40th Pl SW

Data from public records.

Address	Redfin Estimate
32202 40th Pl SW, Federal Way, WA 5 Beds \| 3 Baths \| 3192 Sq. Ft.	$897,849
32224 40th Pl SW, Federal Way, WA 4 Beds \| 2 Baths \| 2360 Sq. Ft.	$605,336
32230 40th Pl SW, Federal Way, WA 3 Beds \| 2.5 Baths \| 1900 Sq. Ft.	$588,692
4114 Southwest 322nd St, Federal Way, WA 4 Beds \| 2.5 Baths \| 3220 Sq. Ft.	$680,758
4021 Southwest 321st St, Federal Way, WA 3 Beds \| 2 Baths \| 1710 Sq. Ft.	$586,636
4010 Southwest 323rd St, Federal Way, WA 5 Beds \| 3 Baths \| 3490 Sq. Ft.	$928,619
4128 Southwest 322nd St, Federal Way, WA 4 Beds \| 2 Baths \| 1900 Sq. Ft.	$588,171

Address	Redfin Estimate
32215 40th Pl SW, Federal Way, WA 3 Beds \| 2.5 Baths \| 2110 Sq. Ft.	$745,414
32216 40th Pl SW, Federal Way, WA 3 Beds \| 2.5 Baths \| 1990 Sq. Ft.	$692,487
4102 Southwest 322nd St, Federal Way, WA 4 Beds \| 2.5 Baths \| 1740 Sq. Ft.	$636,887
4059 Southwest 321st St, Federal Way, WA 4 Beds \| 2.5 Baths \| 3680 Sq. Ft.	$802,100
4017 Southwest 321st St, Federal Way, WA 3 Beds \| 2 Baths \| 2020 Sq. Ft.	$618,820
4009 Southwest 323rd St, Federal Way, WA 4 Beds \| 3 Baths \| 3298 Sq. Ft.	$711,515
4005 Southwest 323rd St, Federal Way, WA 4 Beds \| 3 Baths \| 2230 Sq. Ft.	$659,484

Address	Redfin Estimate
32225 40th Pl SW, Federal Way, WA 4 Beds \| 2.5 Baths \| 3220 Sq. Ft.	$700,859
32210 40th Pl SW, Federal Way, WA 3 Beds \| 2 Baths \| 1650 Sq. Ft.	$608,465
4108 Southwest 322nd St, Federal Way, WA 4 Beds \| 2 Baths \| 1550 Sq. Ft.	$566,966
4051 Southwest 321st St, Federal Way, WA 4 Beds \| 2.5 Baths \| 2050 Sq. Ft.	$649,751
4006 Southwest 323rd St, Federal Way, WA 3 Beds \| 2 Baths \| 1840 Sq. Ft.	$729,136
4120 Southwest 322nd St, Federal Way, WA 4 Beds \| 2 Baths \| 1770 Sq. Ft.	$585,666
4001 Southwest 323rd St, Federal Way, WA 4 Beds \| 3 Baths \| 3970 Sq. Ft.	$782,068

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About this home

Redfin Estimate

Earn from this home

Market trends in 98023, WA

Sale history for 32205 40th Pl SW

Tax history for 32205 40th Pl SW

Property details

Around this home

Schools

Lifestyle

Local insights from Redfin agents

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 98023

Home values near 32205 40th Pl SW

More real estate resources