Panther Lake Homes under $900,000

Welcome to Panther Lake, a hidden gem nestled in the heart of King County, Washington. This charming neighborhood offers a perfect blend of serene natural beauty and vibrant community life, making it an ideal place for families, young professionals, and retirees alike.

Surrounding the picturesque Panther Lake, the area is renowned for its lush greenery, tranquil waters, and abundant outdoor recreational opportunities. Residents enjoy easy access to hiking trails, fishing spots, and picnic areas, providing a perfect backdrop for weekend adventures. The neighborhood’s close-knit community hosts various events throughout the year, fostering a warm and welcoming atmosphere that makes everyone feel at home.

One of the most appealing aspects of Panther Lake is its diverse range of homes available for under $900,000. Whether you’re searching for a cozy single-family home, a charming bungalow, or a spacious townhome, Panther Lake has something to suit every taste and budget. Many of these homes feature modern amenities, open floor plans, and beautiful outdoor spaces, perfect for entertaining or unwinding after a long day.

Families will appreciate the highly-rated schools in the area, ensuring a quality education for children of all ages. With convenient access to major highways, residents can easily commute to nearby cities while enjoying the peaceful retreat that Panther Lake provides.

Discover the charm of Panther Lake, where nature meets community, and find your dream home today!

Newest Panther Lake Homes under $900,000

$115,000

2 Beds ⋅ 2 Baths ⋅ 2588676 MLS ⋅ ACTIVE Status

Welcome to Pantera Lago Estates, an active 55+ community with fantastic amenities! This beautifully updated 2-bedroom, 1.75-bath home sits on an oversized lot with plenty of room to garden, entertain and enjoy the outdoors. The heart of the home is the spacious, chef-inspired kitchen featuring abundant cabinetry, generous counter space, stainless steel appliances and a large center island with seating, plus an adjacent dining area perfect for gathering. Newer hardwood laminate flooring and carpet flow throughout, complemented by beautifully updated bathrooms. Step outside to a huge back deck and fenced outdoor space with endless possibilities for gardening, relaxing or entertaining. An expansive driveway and covered carport offer parking for up to 3–4 vehicles, and the roof was replaced approximately five years ago. Pantera Lago residents enjoy a resort-style clubhouse with a pool, hot tub, sauna, billiards, library, social spaces and community activities. Conveniently located near shopping, dining and SR-167 for easy commuting. Spacious, updated and move-in ready, this home is one you won’t want to miss!

11436 SE 208th Street Unit #131, Kent

Listing Broker: RE/MAX Realty South; Jessica Skye Bolt; 206-499-5323; hello@jessicaskyebolt.com

$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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