704 S 314th Street, Federal Way, WA 98003 (MLS # 2602192)
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Listing provided courtesy of Northwest MLS<BR>Listing Broker: Windermere RE South Sound, Inc; Petru Mihaluta; 253-838-8900; [email protected]
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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!
| LAST UPDATED | 11/8/2026 | TRACT | Mirror Lake |
|---|---|---|---|
| YEAR BUILT | 1950 | COMMUNITY | Mirror Lake |
| COUNTY | King | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Mirror Lake Elem |
|---|---|
| Jr. High School | Sacajawea Jnr High |
| High School | Federal Way Snr High |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Dryer, Microwave, Refrigerator, Washer |
| AREA | 110 - Dash Point/Federal Way |
| HEAT | Electric, Forced Air, Natural Gas |
| LOT | 8337 sq ft |
| LOT DESCRIPTION | Corner Lot, Curbs, Paved, Sidewalk |
| MLS STATUS | Active |
| PARKING | Attached Carport, Driveway |
| STORIES | 1 |
| STYLE | 10 - 1 Story |
| SUBDIVISION | Mirror Lake |
| TAXES | 4076 |
| UTILITIES | Sewer Connected |
| WATER | Public |
| SATELLITE VIEW |
| / | |
Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 11/9/26 1:09 PM PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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