Rockhood
$392,000List price
3 bed · 1.5 bath · 1,150 sq ft
Active

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 School
SchoolDigger 1 star · Top 84% in WA

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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.