$849,500
 $4,560 est/mo Sourced by Back At You

28400 16th Avenue,Federal Way, WA 98003

Federal Way, WA 98003

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Description

Come and see! Perched among a lush canopy of trees in Federal Way’s coveted Redondo neighborhood, this loaded property offers incredible income potential. Spanning 3,852 square feet, this exceptional property is thoughtfully designed as three completely separate, fully equipped living spaces, making it the ultimate setup to live in one unit and rent the other two, host multi-generational living, or lease all three for maximum investment returns. Every single residence boasts its own private kitchen, dedicated in-unit laundry, and an expansive deck designed to soak in the tranquil treed overlook and coastal air. Inside, the home features two expansive primary residences alongside a charming studio apartment above the two-car garage. The 1,530-square-foot main-level unit and the 1,430-square-foot lower-level unit each offer two bedrooms, two bathrooms, and remarkably spacious living areas. Tucked above the garage, the 572-square-foot apartment captures true canopy views, giving tenants or guests their own secluded haven. All this comes with a detached two-car garage and plenty of extra off-street parking. Minutes from the vibrant Redondo Beach boardwalk and Saltwater State Park trails, this unique retreat combines coastal Northwest living and unmatched financial versatility with major commuter convenience, with its proximity to major commuter routes like I-5 and Route 99, shopping hubs including The Commons at Federal Way, and light rail and bus extensions.

Details

MLS #2565984
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1986
Days On Site13
Listing Provided ByTribeca NW Real Estate | Jerome Walters

Features

Bed(s)4
Bath(s) 5 Total
SQ Feet3,532
Garage2
BasementY
Story(s)2
Acreage0.32

Taxes

Property8525

Area Information

StateWA
CountyKing
CityFederal Way
Zip Code98003
Area120 Des Moines | Redondo
Community NameRedondo
Listing VS Median (in Redondo)
Price:
$849,500
low | high
Med:
$749,948
61.718952324897% of Average
sqft:
3,532
low | high
Med:
2,519
78.694790486976% of Average
$ / sqft:
$241
low | high
Med:
$334
11.043354767079% of Average
On site:
13
low | high
Med:
33
39.393939393939% of Average
Sourced by Back At You

Market Activity 98003

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Learn More About This Property

StateWA
CountyKing
CityFederal Way
Zip Code98003
Area120 Des Moines | Redondo
Community NameRedondo
Listing VS Median (in Redondo)
Price:
$849,500
low | high
Med:
$749,948
61.718952324897% of Average
sqft:
3,532
low | high
Med:
2,519
78.694790486976% of Average
$ / sqft:
$241
low | high
Med:
$334
11.043354767079% of Average
On site:
13
low | high
Med:
33
39.393939393939% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $637K - $1.61M
sqft: 2,500 - 4,000
Nearby Listings Property ImageNearby Listings Details
28400 16th Avenue Property Photo 1
$849,500
28400 16th Avenue
Federal Way, WA 98003
28611 16th Avenue Property Photo 1
$749,900
28611 16th Avenue
Federal Way, WA 98003
Listing Updated: August 18, 2026 at 4:36:24 AM PDT