Panther Lake Real Estate

Welcome to Panther Lake, a hidden gem nestled in the picturesque landscape of Washington State. This charming subdivision is perfect for those seeking a tranquil lifestyle without sacrificing convenience. With its lush greenery and serene lake views, Panther Lake offers residents a peaceful retreat from the hustle and bustle of everyday life.

The community is characterized by its friendly atmosphere and well-maintained homes, making it an ideal place for families, retirees, and everyone in between. The spacious lots provide ample room for outdoor activities, gardening, or simply enjoying the beauty of nature. Whether you’re sipping coffee on your porch or taking a leisurely stroll along the lake, the calming sights and sounds of Panther Lake will rejuvenate your spirit.

Nature enthusiasts will find plenty to love in this area. The nearby Panther Lake itself is perfect for fishing, kayaking, and picnicking, while the surrounding trails offer excellent opportunities for hiking and biking. The vibrant wildlife and stunning scenery make it a haven for outdoor lovers.

Conveniently located, Panther Lake is just a short drive from major highways, allowing for easy access to nearby towns and cities. Residents can enjoy local shopping, dining, and entertainment options, all while relishing the peaceful suburban lifestyle.

In Panther Lake, you’ll discover not just a place to live, but a community to call home. Experience the perfect blend of nature and convenience, and let this delightful subdivision welcome you with open arms. Come explore Panther Lake—where tranquility meets opportunity!

Newest Listings in Panther Lake

$1,395,000

2560505 MLS ⋅ Park Place Townhomes BLDG.

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

$799,500

2 Beds ⋅ 1 Baths ⋅ 2540967 MLS

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

$799,000

2535696 MLS

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

$799,000

2501184 MLS

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

$899,950

2500500 MLS ⋅ CAMPUS VIEW DIV 2 BLDG.

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

$899,000

2491971 MLS

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

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Information courtesy of Intermountain Multiple Listing Service. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non‐commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. All listings provided by IMLS are marked with the official IMLS IDX icon.