Panther Lake Real Estate

Panther Lake Real Estate

Welcome to Panther Lake, a hidden gem nestled in the heart of King County, Washington. This picturesque neighborhood is known for its serene atmosphere and stunning natural beauty, making it an ideal place for families, outdoor enthusiasts, and anyone seeking a tranquil lifestyle.

Panther Lake is surrounded by lush forests and sparkling waters, offering residents a unique blend of suburban comfort and outdoor adventure. The centerpiece of the community is the beautiful Panther Lake itself, where you can enjoy fishing, kayaking, and peaceful picnics along the shore. The area is also dotted with scenic parks and trails, perfect for hiking, biking, or simply enjoying a leisurely stroll amidst nature.

Families will appreciate the strong sense of community in Panther Lake, with friendly neighbors and a welcoming atmosphere. The local schools are highly regarded, providing excellent educational opportunities for children of all ages. Whether you're attending community events or simply enjoying the company of your neighbors, you'll quickly feel at home in this close-knit community.

Conveniently located, Panther Lake offers easy access to major highways and is just a short drive from the vibrant cities of Seattle and Bellevue. This means you can enjoy the tranquility of suburban living while still being close to urban amenities, shopping, dining, and entertainment options.

With its stunning landscapes, family-friendly atmosphere, and convenient location, Panther Lake is more than just a neighborhood—it's a lifestyle. Discover the charm and beauty of Panther Lake, where your dream home awaits!

Newest Listings in Panther Lake

$1,395,000
2560505 MLS ⋅ ACTIVE Status
ATTENTION BUILDERS, DEVELOPRS & INVESTORS! Don't miss this Rare opportunity to acquire a fully approved and PERMIT-READY 9-townhome development site in the highly desirable Panther Lake community of Kent. Zoned NR-4A, this shovel-ready project includes all City of Kent approved and stamped plans, including site development, civil, architectural, structural, utility, and engineering documents. Construction drawings are complete, allowing a developer to begin site preparation and construction immediately. The project features nine modern three-story townhomes, each offering 1,950+sq.ft of thoughtfully designed with spacious layouts including, 3 bed, 2.5 bath, kitchen with dinning & pantry, office space, laundry, refined living space, storage, patio, deck, car garage & much more. The existing home has already been demolished and removed, saving additional time and costs. Conveniently located with easy access to major freeways, schools, shopping, restaurants, public transportation, parks, and other amenities. ALL THE CONSTRUCTION PERMITS ARE READY TO GO. Exceptional investment opportunity with strong profit potential. The permitted plans are included in the list price.

20254 108 Ave SE, Kent

Listing courtesy of Skyline Properties, Inc..

$799,500
2 Beds ⋅ 1 Baths ⋅ 2540967 MLS ⋅ ACTIVE Status
Welcome to lake life on beautiful Panther Lake! Perfectly positioned on one of the most desirable stretches of the lake, this charming waterfront retreat sits on .7 acres with 119 feet of pristine lake frontage. Designed for making memories, the open-concept layout creates effortless indoor/outdoor living with an expansive deck overlooking the water—perfect for summer BBQs, entertaining, and relaxing after a day well spent on the lake. Pride of ownership shines throughout with thoughtful care and attention in every corner. The spacious, cleared upper portion of the property offers endless possibilities for future expansion, additional RV parking, or creating your dream outdoor space. Spend your summers swimming off the shore, celebrating opening day fishing derbies, gathering around evening campfires, and enjoying the kind of lake memories that last a lifetime. The perfect PNW retreat—escape the city, slow down, and enjoy peaceful lake living while still being just 15 miles from the Bremerton Ferry Terminal with easy access to Seattle, local restaurants, shopping, and everyday conveniences. This isn’t just a lake house—it’s where summers are spent, traditions are created, and generations of memories are made.

4694 Panther Lake Road W, Bremerton

Listing courtesy of Paramount Real Estate Group.

$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 courtesy of Skyline Properties, Inc..

$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 courtesy of Skyline Properties, Inc..

$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 courtesy of RSVP Brokers ERA.

$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 courtesy of Real Broker LLC.

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