704 S 314th Street · Federal Way, WA 98003
Source: NWMLS · Windermere RE South Sound, Inc · Petru Mihaluta #NWM2602192
About this home
BIG CORNER LOT, NO HOA, AND INCREDIBLE POTENTIAL AT $392,000! Bring your vision to this 3-bedroom Federal Way rambler offering approximately 1,150 sq ft of single-level living on a generous 8,337 sq ft corner lot in the established Mirror Lake neighborhood. The functional floor plan includes a comfortable living room with attractive wood-look flooring, a kitchen with adjoining dining space, and a versatile bonus room perfect for a home office, hobbies, or additional living space. The home features a refreshed ¾ bath with a tiled walk-in shower, plus a convenient second half bath. Outside, enjoy an expansive yard with plenty of room for gardening, landscaping, outdoor activities, and future improvements, subject to applicable approvals. A covered carport, driveway parking, and additional storage add everyday convenience. Located directly across from Mirror Lake Elementary School, with convenient access to shopping, dining, and major commuter routes. This property offers a fantastic opportunity for a handy buyer ready to make improvements, personalize the home, and build value over time. The generous lot, flexible layout, and freedom of NO HOA offer exciting possibilities. Bring your ideas, imagine what this property could become, and schedule your private showing today!
Location
Basics
- Property type
- Single Family Residence
- Style
- 1 Story
- Stories
- 1 story
- Condition
- Good
- Year built
- 1950
- Lot size
- 8,337 sq ft (0.19 acres)
- County
- King
- MLS #
- NWM2602192
Interior
- Heating
- Forced Air
- Cooling
- None
- Flooring
- Vinyl, Vinyl Plank, Carpet
- Appliances
- Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
Exterior & lot
- Exterior features
- Wood Products
- Roof
- Composition
- Foundation
- Pillar/Post/Pier
- Lot features
- Corner Lot, Curbs, Paved, Sidewalk
- Topography
- Level
- Waterfront
- No
Parking
- Parking spaces
- 2
- Carport
- Yes
- Covered spaces
- 2
- Parking features
- Attached Carport, Driveway
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric, Natural Gas
Community & fees
- Subdivision
- Mirror Lake
- Property tax
- $4,076 (2026)
Transaction
- Listed on
- Nov 8, 2026
- Days active
- 3
- Price per sq ft
- $341
- Listing terms
- Cash, Conventional, Rehab Loan
- Possession
- Closing
More homes nearby
Schools
School district: Federal Way
- Elementary
- Mirror Lake Elem
- Middle
- Sacajawea Jnr High
- High
- Federal Way High SchoolSchoolDigger 1 star · Top 84% in WA

Listing provided courtesy of: Windermere RE South Sound, Inc
Listing agent: Petru Mihaluta.
Based on information submitted to the MLS GRID as of —. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-11-09.