Abstract: A three-way valve of a piston valve seal structure includes a valve box, a valve stem, and a valve body. The valve stem is a metallic rod-shaped member that reciprocates up and down in a piston structure. In the valve body, an upper guide washer is provided on the valve stem adjacent to an upper disc ring. An outer diameter of a portion of the upper guide washer is slightly smaller than an inner diameter of a flat portion of a first valve seat. A lower guide washer is provided on the valve stem adjacent to a lower disc ring. An outer diameter of a portion of the lower guide washer is slightly smaller than an inner diameter of a flat portion of the second valve seat.