Panther Lake Homes under $900,000

Welcome to Panther Lake, a hidden gem nestled in the heart of Federal Way, Washington. This charming neighborhood is a perfect blend of natural beauty and suburban convenience, making it an ideal place for families, professionals, and anyone seeking a peaceful yet vibrant community.

Panther Lake is renowned for its stunning landscapes, featuring lush greenery and serene water views that create a picturesque backdrop for daily life. Residents enjoy an abundance of outdoor activities, with the lake itself offering opportunities for fishing, kayaking, and leisurely strolls along the shoreline. Nearby parks and trails provide ample space for hiking, picnicking, and enjoying the great Pacific Northwest outdoors.

The community is characterized by its friendly atmosphere and strong sense of belonging. With a variety of local shops, cafes, and restaurants, Panther Lake has everything you need within reach. Families will appreciate the excellent schools in the area, which are part of the highly regarded Federal Way School District, ensuring quality education for children of all ages.

When it comes to housing, Panther Lake offers a diverse selection of homes under $900,000, making it an attractive option for first-time buyers and those looking to upgrade without breaking the bank. From charming single-family homes to modern townhouses, there’s something for everyone in this thriving neighborhood.

With its perfect blend of natural beauty, community spirit, and affordable housing options, Panther Lake is not just a place to live; it’s a place to thrive. Come discover your new home in this enchanting corner of Washington!

Newest Panther Lake Homes under $900,000

$799,000

2535696 MLS ⋅ ACTIVE Status

Complete exterior paint completed in summer of 2024. Professionally managed quadplex abuts Panther lake and walking trails. Fully occupied units, One bed/one bath units for easy rentability, All units have Washer/dryer, fireplaces, DW, balcony or deck. 4 Covered carport may tandem park and 3 uncovered guest spots. Community sports court and play area,. Very close to all shopping needs of big box and boutique shops. I-5, Hwy 18 and 99 access. Federal Way Light rail completed December 2025. Maybe a good property for owner occupied for easy finance. MLS 2501184 is also listed next door to make it a great assemblage portfolio.

34025 1st Place S, Federal Way

Listing Broker: Skyline Properties, Inc.; Sonny Kwan; 206-819-8228; sonnykwan@sonnykwan.com

$799,000

2501184 MLS ⋅ ACTIVE Status

Complete exterior paint completed in summer of 2024. Professionally managed quadplex abuts Panther lake and walking trails. Fully occupied units, One bed/one bath Loft style townhome units and two bedroom /one bath lower units for easy rentability, All units have Washer/dryer, fireplaces, DW, balcony or deck. 4 Covered carport may tandem park and 3 uncovered guest spots. Community sports court and play area,.Very close to all shopping needs of big box and boutique shops. I-5, Hwy 18 and 99 access. Federal Way Light rail completed December 2025. Maybe a good property for owner occupied for easy finance

34019 1st Circle S, Federal Way

Listing Broker: Skyline Properties, Inc.; Sonny Kwan; 206-819-8228; sonnykwan@sonnykwan.com

$899,950

2500500 MLS ⋅ ACTIVE Status

Well-maintained fourplex in Federal Way. Each unit features 2 bedrooms, 1 bathroom, a functional floor plan, fireplace, private balcony or patio, and in-unit washer and dryer, providing comfort and convenience for tenants.Property includes dedicated covered parking for each unit, additional uncovered parking spaces, and guest parking. Two units have been recently renovated, offering updated interiors and potential for increased rental income.The property has a strong rental history with long-term tenants, supporting stable and consistent income. On-site professional management is in place, and HOA rules do not allow for self-management.Conveniently located near shopping, dining, schools, and parks, with easy access to I-5 and Hwy 18, making it a desirable location for tenants and commuters alike. Ideal for investors seeking stable cash flow, low deferred maintenance, and long-term appreciation.

34214 1st Place S, Federal Way

Listing Broker: RSVP Brokers ERA; Martha Zahuita; 206-931-3922; marthazahuita@gmail.com

$899,000

2491971 MLS ⋅ ACTIVE Status

Great investment opportunity in Federal Way. Well-maintained four-plex featuring four spacious 2-bedroom, 1-bath units, each offering 1,000 square feet of comfortable living space. Functional layouts, generous unit sizes, and consistent rental demand support strong long-term performance. Property currently offers a cap rate of over 6%, making it an attractive addition to an investment portfolio. Significant capital improvement completed with a new tile roof installed in 2022, providing durability and reducing future maintenance concerns. Conveniently located near major commuting routes, shopping, dining, and everyday amenities. Large unit sizes, solid income potential, and key updates make this a compelling multi-family investment opportunity in a strong rental market. Excellent opportunity for investors seeking stable cash flow and long-term value.

34120 1st Place S, Federal Way

Listing Broker: Real Broker LLC; Lindsay Jackman; 253-266-1067; lindsay@lindsayjackman.com

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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.
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Panther Lake Homes under $900,000

Newest Panther Lake Homes under $900,000

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