Excellent opportunity for investors or builders to acquire vacant land in a growing Federal Way location. Potential for residential developmentbuyer to verify zoning, utilities, and feasibility with King County. Convenient access to major roads, services, and surrounding amenities. Bring your vision and explore the possibilities. No feasibility studies have been completed.
Steel Lake, located between I-5 and Dash Point State Park, is a lakeside and suburban Federal Way neighborhood with a freshwater shoreline and wooded greenbelts. The neighborhood’s character concentrates around the Steel Lake Park shoreline and the community center, where ballfields, picnic lawns, and a busy boat launch set the daily rhythm. Mid-century ramblers and split-levels sit along curving streets, with pockets of newer townhomes near main arterials. Water views and short trails shape an outdoors-forward routine, while nearby shopping corridors keep errands close at hand. The Steel Lake Park Community Center and the Federal Way Performing Arts & Event Center add a civic, cultural layer beyond the lake.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Heavily forested
Exterior features
Paved road frontage
Road maintained by county
Road on north side of property
Has view
Vegetation and other details: see remarks
Home design
Land property (residential, less than 1 acre)
Zoned RS7.2
Zoning jurisdiction is city
Located in MARINE VIEW PARK
Construction
No structures on site
Utilities
Water available in the street (Lakeheaven jurisdiction)
Electricity available in the street
Natural gas available in the street
Sewer available in the street
No septic design installed
Financial info
Accepting cash and conventional offers
Other
MLS status: Active
Listing on market since March 24, 2026
Cumulative days on market: 181
Electricity and solar
View estimated energy costs and solar savings for this home