This home's estimate is 19.1% higher than the average sale price ($999K) of 6 comparable homes.
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543 SW 356th St, Federal Way, WA 98023
About this home
Nearly 2.5 acres of prime Federal Way Property in an outstanding residential location. There used to be a dwelling on the site and the old foundation is still present. Water meter present. Electricity readily available. Streets, sidewalks, curbs, storm water drainage, fire hydrant, etc. You could build an estate quality home on this site and develop magnificent grounds. You could short plat it into five parcels and that process is well underway if you want to continue it. Buy and Hold. Invest!

Redfin Estimate
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Market trends in 98023, WA
Last updated September 2026
Buyer's Market
Seller's Market
Seller's market
- OPEN SAT, 1PM TO 4PM$625,0004 beds3 baths1,800 sq ft2138 SW 305th St, Federal Way, WA 98023Gina Lane • Coldwell Banker Danforth
- OPEN SAT, 11AM TO 1PM$799,9505 beds3 baths3,921 sq ft31509 42nd Ave SW, Federal Way, WA 98023Larisa Burich • Skyline Properties, Inc.
- OPEN OCT 10, 10AM TO 1PM$680,0003 beds2.5 baths2,558 sq ft33913 12th Pl SW, Federal Way, WA 98023Laura Melsness • eXp Realty
- NEW$612,0003 beds2.5 baths2,069 sq ft2529 SW 322nd St, Federal Way, WA 98023Kristen Campbell • Keller Williams Realty PS
- 3D WALKTHROUGH$1,100,0003 beds3.5 baths2,830 sq ft29816 2nd Ave SW, Federal Way, WA 98023Vickie Chynoweth • Think Frink Home Team
- 3D WALKTHROUGH$59,0003 beds2 baths700 sq ft31813 21st Ave SW #27, Federal Way, WA 98023SandraJean Daniels • Every Door Real Estate
- OPEN SAT, 10:30AM TO 12:30PM$574,9502 beds2 baths1,670 sq ft31831 48th Cir SW Unit 7C, Federal Way, WA 98023Lori DeVore • Realogics Sotheby's Int'l Rlty
- OPEN SUN, 1PM TO 3PM$775,0004 beds2.5 baths2,760 sq ft32229 11th Ave SW, Federal Way, WA 98023Ruthy Taylor • Real Broker LLC
- OPEN SAT, 11AM TO 1PM
- OPEN SAT, 2PM TO 4PM
See all
Provided by Redfin
Sale history for 543 SW 356th St
Tax history for 543 SW 356th St
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Exterior
- Property Features
- Property Features: Brush, Lightly Treed, Partially Cleared
- Property Information
- Restrictions: See Remarks
- Style Code: 41 - Res-Over 1 Acre
- Property Type: Land
- Property Sub Type: Land
- Land Information
- Possible Use: Residential
- Lot Information
- MLS Lot Size Source: Realsit.com
- Road Information: Paved
- Road On Which Side: 3 Sides
- Zoning Jurisdiction: City
- Lot Features: Corner Lot, Curbs, Paved, Sidewalk
- Lot Size Units: Square Feet
- Lot Size Acres: 2.4578
- Elevation Units: Feet
- Road Surface Type: Paved
Financial
- Tax Information
- Tax Annual Amount: $5,067
- Tax Year: 2018
- Financial Information
- Listing Terms: Cash Out, Conventional, Owner Financing
- Buyer Financing: Cash
Utilities
- Utility Information
- Water Source: In Street, On Property
- Water Jurisdiction: Lakehaven
- Electricity Status: On Property
- Sewer: Not Available
- Utilities: Natural Gas Available, Electricity Connected
- Gas Status: Available
Location
- Multi-Unit Information
- Furnished: Unfurnished
- School Information
- High School District: Federal Way
- Location Information
- Directions: On SW 356th St.
- Topography: Level
- Community Information
- Senior Exemption: false
Public facts
- Beds: 5
- Baths: 5.5
- Sq. Ft.: 6,390
- Stories: 2.0
- Lot Size: 2.46 acres
- Style: Single Family Residential
- Year Built: 2024
- Year Renovated: —
- County: King County
- APN: 302104 9035
Other
- Listing Information
- Mls Status: Sold
- Listing Date Information
- On Market Date: Tuesday, April 23, 2019
- Home Information
- Living Area Units: Square Feet
- Calculated Square Footage: 0
- Building Area Total: 0
- Building Area Units: Square Feet
- Structure Type: Unspecified
Around this home
Schools
Public PreK-5 • Assigned • 0.4mi
Public 5-8 • Assigned • 0.4mi
Public 9-12 • Assigned • 1.3mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 87° expected this year, 14 days in 30 years
Minimal risk of severe winds over next 30 years
10 unhealthy days expected this year, 11 days in 30 years
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.
Nearby similar homes
New listings for sale in 98023
Home values near 543 SW 356th St
| Address | Redfin Estimate |
|---|---|
3 Beds | 1 Baths | 1260 Sq. Ft. | $497,825 |
3 Beds | 2.5 Baths | 2223 Sq. Ft. | $923,214 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2.5 Baths | 3156 Sq. Ft. | $1,060,659 |
3 Beds | 2.5 Baths | 2230 Sq. Ft. | $843,786 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 3.5 Baths | 2999 Sq. Ft. | $960,075 |
4 Beds | 2.5 Baths | 2565 Sq. Ft. | $1,034,913 |
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