Twin Lakes Homes under $500,000

Twin Lakes Homes under $500,000

Welcome to Twin Lakes, a hidden gem nestled in the heart of Federal Way, Washington. This picturesque neighborhood offers a perfect blend of suburban tranquility and vibrant community life, making it an ideal place for families, young professionals, and retirees alike. With its lush greenery, serene lakes, and well-maintained parks, Twin Lakes provides a peaceful retreat from the hustle and bustle of city life while still being conveniently located near major highways and urban amenities.

One of the standout features of Twin Lakes is its diverse range of homes available for under $500,000. This makes it an attractive option for first-time homebuyers and those looking to invest in a growing community. The homes here boast charming architectural styles, spacious layouts, and beautiful outdoor spaces, perfect for enjoying the stunning Pacific Northwest scenery. Many properties are situated near the scenic Twin Lakes Golf and Country Club, offering residents the chance to indulge in leisurely afternoons on the green.

The community is also known for its friendly atmosphere, with neighbors who take pride in their homes and engage in local events. Families will appreciate the proximity to highly-rated schools and recreational facilities, ensuring that children have access to quality education and plenty of opportunities for play.

In Twin Lakes, you’ll find not just a house, but a place to call home. With its affordable housing options, beautiful surroundings, and welcoming community spirit, Twin Lakes is ready to welcome you to your new beginning in Federal Way. Come explore the charm of this vibrant neighborhood today!

Newest Twin Lakes Homes under $500,000

33215 36th Avenue SW, Federal Way
$498,500
3 Beds ⋅ 2 Baths ⋅ 2597068 MLS ⋅ FIRST LOOK Status
Charming, move-in-ready 3-bedroom, 1.75-bath rambler at an exceptional value on a quiet cul-de-sac! Pride of ownership shines throughout this well-maintained home, tucked away on a quiet street. Features include classic cedar siding, vinyl windows, and a beautiful granite fireplace surround. The spacious primary bedroom offers a private bath, while the second bedroom features built-in shelving perfect for a home office or hobby room. Enjoy outdoor living on the huge deck overlooking a fully fenced backyard, complete with a handy storage shed. The garage provides plenty of room for parking and extra storage. With three bedrooms, two bathrooms, and a garage, this home offers comfort, convenience, and outstanding value in Federal Way. Don't miss this wonderful opportunity!

33215 36th Avenue SW, Federal Way

Listing Broker: Windermere Real Estate/East; Jan Lewis; 206-786-3715; janetlewis@windermere.com

31500 33rd Place SW Unit #V102, Federal Way
$339,950
2 Beds ⋅ 2 Baths ⋅ 2597624 MLS ⋅ ACTIVE Status
**RARE OPPORTUNITY!** The seller's current mortgage features an incredible **2.875% interest rate that may be assumable, subject to lender approval and buyer qualification!** Welcome home to Madera West, where peaceful surroundings and convenience come together! Overlooking a landscaped, park-like setting with mature trees, greenery, and a walking path, this inviting 2-bedroom, 2-bath condo offers a peaceful retreat while keeping you close to everything. Inside, enjoy a spacious, light-filled layout with fresh paint, brand-new carpet, and crown molding throughout. The open living and dining areas offer plenty of room to entertain or simply unwind. Here's a big bonus: the community has undergone major improvements, including new roofs, siding, windows, balconies, and more! Parking and storage? You've got options! Enjoy your own private garage, parking directly in front, PLUS an additional assigned space. The garage has generous storage space ahead of your vehicle, and there's a separate dedicated storage room downstairs, too! Even better, this is one of only 20 homes with convenient access through a secondary community gate, making coming and going a breeze. Enjoy beautifully maintained grounds, community amenities, and low HOA dues. Shopping, dining, parks, golf, and commuter routes are all nearby. Whether you're buying your first home, simplifying, or ready for a change of scenery, come experience Madera West. Your next chapter might just start here!

31500 33rd Place SW Unit #V102, Federal Way

Listing Broker: eXp Realty; Laura Sinclair; 425-442-6265; laura@laurasinclairhomes.com

31711 25th Avenue SW, Federal Way
$495,000
4 Beds ⋅ 3 Baths ⋅ 2596892 MLS ⋅ ACTIVE Status
Located in Decatur Glen community, this 2,000-square-foot home offers the comfort and flexibility to settle in now and the opportunity to personalize along the way. Natural light fills the home, while vaulted ceilings create an airy feel, and wood-burning fireplaces in both the upstairs and downstairs living rooms offer cozy spots to gather. With four bedrooms and three bathrooms, there's space for everyday living, guests, a home office, or whatever your next chapter calls for. The kitchen is ready for your ideas! Keep things comfortable as they are, or imagine designing the kitchen you've always wanted. Step outside to enjoy the large yard framed by evergreen trees and natural vegetation, a spacious deck provides plenty of room for outdoor dining, entertaining, or simply unwinding. Practical updates include fresh interior and exterior paint, new carpet, a new water heater, and a newer roof. A two-car garage plus driveway and street parking provide flexible parking options. Conveniently located near schools, shopping, light rail, and public transportation, this home brings together comfort, accessibility, and potential. This home's price was carefully considered to allow the buyer to bring their ideas for renovation and upgrades.

31711 25th Avenue SW, Federal Way

Listing Broker: Realogics Sotheby's Int'l Rlty; Lori DeVore; 253-332-8354; loridevorere@gmail.com

4520 SW 321st Street Unit #S9, Federal Way
$139,000
1 Beds ⋅ 1 Baths ⋅ 2596204 MLS ⋅ ACTIVE Status
Top floor condo! The kitchen offers white Shaker cabinets, durable vinyl plank flooring and stainless steel appliances . Enjoy the large bedroom with washer and dryer more then enough space to work from home and relax. Step outside to a cozy patio with extra storage! Convenient location, just blocks from Twin Lakes Golf & Country Club and Dash Point Park. Close to shopping, restaurants, schools, bus lines and transit station. No rental cap!

4520 SW 321st Street Unit #S9, Federal Way

Listing Broker: Theory Real Estate; Jessica Vianez; 253-442-3235; jessicavianez@theoryRE.com

32110 45th Place SW Unit #B-4, Federal Way
$189,000
3 Beds ⋅ 2 Baths ⋅ 2594063 MLS ⋅ ACTIVE Status
Opportunity in Maplewood! This 3-bedroom, 1 1/2-bath ground-floor condo is more than livable and ready for a buyer who is willing to put in some TLC. The home primarily needs cleaning, freshening up and cosmetic updates to make it shine. No major renovation is required to enjoy the home while making improvements over time. The 993 sq ft floor plan includes 3 bedrooms, 1 full bath and 1/2 bath, plus washer/dryer hookups. Maplewood offers desirable community amenities including a seasonal swimming pool and sport court. This is a great opportunity for a buyer who wants to build some sweat equity, an investor, or someone looking for an affordable home they can personalize. Seller is highly motivated and selling strictly as-is. Bring your ideas, bring your offer, and make this Maplewood condo your own!

32110 45th Place SW Unit #B-4, Federal Way

Listing Broker: Better Properties Kitsap; Stanley Yeadon; 360-710-8815; justcallmestan@msn.com

31500 33rd Place SW Unit #J101, Federal Way
$310,000
2 Beds ⋅ 1 Baths ⋅ 2588832 MLS ⋅ ACTIVE Status
Abundant natural light and stylish updates welcome you home to this thoughtfully designed, move-in ready condo located on the ground level in the favorited Madera West gated community. You’ll love the privacy in this bright and fresh 990 sqft floorplan with naturescape views and your own flower garden via the back patio, coordinating hard floors throughout, and inviting open concept living, dining, and kitchen trio. Take note of the generous walk-in closets in each of the two just painted bedrooms, the modern and oversized tile bathroom, new quartz countertops in both the kitchen and bath, timeless crown molding, and stone faced crackling wood fireplace with built-in window bench seating and storage. Don’t miss the additional storage options in the new built-in cabinetry in the dining room, the hallway closet, and patio closet. Madera West boasts well kept grounds and community amenities including an impressive clubhouse with heated outdoor pool, hot tub, fitness center, party and game rooms, as well as sports courts, playground, community garden, dog run, and RV parking. Convenient access to multiple reserved parking spaces, with nearby visitor parking. Washer and Dryer in unit. HOA dues include Water/Sewer/Garbage and exterior maintenance. Close to state parks, golf clubs, and shopping, freeways, public transportation, and the best of Federal Way. This is the one you’ve been waiting for.

31500 33rd Place SW Unit #J101, Federal Way

Listing Broker: Simply Sound Homes; Janice Hussey; 360-250-1906; janicehussey.realtor@gmail.com

31500 33rd Place SW Unit #Q203, Federal Way
$339,500
2 Beds ⋅ 1 Baths ⋅ 2585452 MLS ⋅ ACTIVE Status
Light, bright and wonderfully maintained turnkey condo in the highly desirable Madera West gated community! Rare combination of FHA & VA eligibility, NO RENTAL CAP, and strong reserves! Step inside this private top floor unit and you’ll immediately notice the abundance of natural light, beautiful LVP flooring, and picturesque territorial views off the deck…with no neighboring windows in sight! Functional and spacious, this 2 bedroom layout comes with an oversized bathroom, walk in closets, crown molding, recent interior paint and new full size W/D that stay! No shortage of parking with an included single car garage, additional reserved parking space and several visitor spaces just outside the unit. Renowned for its impressive array of resident ammenities… Madera West offers a luxurious clubhouse with party and game rooms, heated pool, hot tub and fitness center… plus RV parking, sports courts, playground, gardening space, dog run and so much more! Water/Sewer/Garbage included in HOA dues, along with grounds and exterior maintenance, providing exceptional value and cost savings. Recently updated roof, siding and windows for added peace of mind! Unit is positioned near the clubhouse, mailboxes and receptacles for your convenience. So tucked in, yet so close to freeways, Dash Point, the new link light rail and all that Federal Way has to offer! With so many condos having drawbacks, this really is the total package and just the gem you’ve been searching for!

31500 33rd Place SW Unit #Q203, Federal Way

Listing Broker: Better Properties Summit; Daniel Speltz; 253-229-6068; danieljspeltz@gmail.com

4601 SW 320th St Unit #E4, Federal Way
$199,900
2 Beds ⋅ 1 Baths ⋅ 2560594 MLS ⋅ ACTIVE Status
Enjoy the benefits of a desirable first floor corner unit, ideally positioned just steps from the community laundry room. Inside, you'll find thoughtful updates throughout, including fresh paint, new flooring, brand new kitchen appliances, new baseboard heater and thermostat (2026), a newer water heater (2023), an upgraded electrical panel (2022), and energy efficient insulated windows - creating a move in ready home that's as comfortable as it is functional. The corner location fills the living space with natural light, while the spacious primary bedroom features a walk-in closet. Maplewood Condominiums offers beautifully maintained grounds and community amenities, including a seasonal outdoor swimming pool, athletic court, and abundant open parking. HOA dues include water, sewer, garbage, common area and road maintenance, making homeownership simple and low maintenance. Conveniently located near Dash Point State Park, Twin Lakes Golf & Country Club, shopping, dining, and major commuter routes including I-5 and Highway 18, this home offers easy access to everything Federal Way has to offer. Whether you're purchasing your first home, downsizing, or considering a long-term investment, this well-maintained and updated condo is ready to welcome you home. VA approved.

4601 SW 320th St Unit #E4, Federal Way

Listing Broker: Berkshire Hathaway HS NW; Terena Belitz; 425-453-9100; tbelitz@bhhsnw.com

4601 SW 320th Street Unit #R2, Federal Way
$165,000
1 Beds ⋅ 1 Baths ⋅ 2552450 MLS ⋅ ACTIVE Status
Charming first-floor 1 bed / 1 bath condo — warm, move-in ready and full of welcome. The sunny living room opens to a cozy dining area and an updated kitchen (all appliances stay). A roomy, peaceful bedroom and an updated full bath make this a lovely retreat. Step out to your private back patio overlooking a greenbelt — perfect for morning coffee — with extra storage right there. Laundry is just a few steps from your door. Enjoy summer afternoons by the pool or relaxing in the clubhouse. Super walkable and wonderfully convenient — minutes to the airport, on the bus line, close to freeways, shops, restaurants, trails, Puget Sound, golf, parks and schools. No rental cap.

4601 SW 320th Street Unit #R2, Federal Way

Listing Broker: eXp Realty; Jackie E Davis; 206-713-9147; jackie@theavehomegroup.com

31500 33rd Place SW Unit #G202, Federal Way
$287,450
1 Beds ⋅ 1 Baths ⋅ 2498857 MLS ⋅ ACTIVE Status
Move-in ready, no-stairs condo that offers easy-access living in the gated Madera West community. This bright and welcoming home features an open layout, brand-new carpet, and wide hallways throughout. The spacious living room flows seamlessly into the dining area, while the private balcony overlooks a peaceful greenbelt, creating a quiet retreat to relax and unwind. The well-equipped kitchen includes newer appliances. A cozy fireplace, white millwork, and crown molding add warmth and character to the living space. The oversized bedroom offers exceptional flexibility with a walk-in closet and room for a home office, reading nook, exercise area, or additional sleeping space. Enjoy the convenience of a covered entry and assigned covered parking located directly in front of the unit, with additional room for easy loading and unloading. Long-term rentals are allowed (NO CAP), and up to two pets are welcome. Lower HOA dues include water, sewer, & garbage, along with access to community amenities including: a clubhouse, pool, hot tub, fitness center, sports court, playground, dog park, community garden, RV/boat parking, and guest parking. Conveniently located near parks, shopping, dining, I-5, and light rail access. Complex is FHA & VA approved.

31500 33rd Place SW Unit #G202, Federal Way

Listing Broker: John L. Scott, Inc.; Lillian Morrow; 253-219-1161; LillianMorrow@johnlscott.com

31500 33rd Place SW Unit #U101, Federal Way
$302,000
2 Beds ⋅ 2 Baths ⋅ 2414151 MLS ⋅ ACTIVE Status
Approved Short Sale price! Ground floor end unit backing to greenbelt. LVP flooring, walk in closets, fireplace and breakfast bar. No special assessment or rental cap. Walk to schools and so much more. You will love the community club house, exercise room and pool, hot tub, plus community garden and RV parking!

31500 33rd Place SW Unit #U101, Federal Way

Listing Broker: Keller Williams Rlty Bellevue; Ara Hakobyan; 425-241-5753; arah@kw.com

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