Panther Lake Homes with Federal Way School District

Welcome to Panther Lake, a hidden gem nestled in the vibrant city of Federal Way, Washington. This picturesque neighborhood is characterized by its serene surroundings, lush greenery, and a charming community atmosphere, making it an ideal place for families and individuals alike. Panther Lake is not just a location; it's a lifestyle.

One of the standout features of Panther Lake is its proximity to the tranquil waters of Panther Lake itself, where residents can enjoy a variety of outdoor activities such as fishing, kayaking, and picnicking. The neighborhood is also surrounded by an array of parks and nature trails, perfect for those who love to explore the great outdoors or take leisurely strolls with family and friends.

Families will appreciate being part of the highly regarded Federal Way School District, known for its commitment to academic excellence and a wide range of extracurricular activities. With several schools conveniently located nearby, parents can rest easy knowing their children have access to quality education and resources.

The homes in Panther Lake are as diverse as its residents, ranging from cozy single-family houses to spacious modern designs, catering to a variety of lifestyles and budgets. Each home is set against the backdrop of the stunning Pacific Northwest landscape, offering a unique blend of comfort and natural beauty.

With a welcoming community spirit, excellent schools, and an abundance of outdoor recreational opportunities, Panther Lake is more than just a neighborhood—it's a place where memories are made and cherished. Come discover the charm of Panther Lake and see why so many are proud to call it home!

Newest Panther Lake Homes with Federal Way School District

$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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