306 SW 292nd Street Federal Way, WA $ 1,295,000
306 SW 292nd Street
$ 1,295,000
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306 SW 292nd Street

Federal Way, WA, 98023
$ 1,295,000
Bedrooms2 Baths2.1 Sq 2,085

Monthly Estimate*

$ 7,974

Listed by Windermere RE Magnolia
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Single Family Home for sale in Federal Way, WA

for $1,295,000 with 2 bedrooms and 2 full baths, 1 half bath. This 2,085 square foot home was built in 1975 on a lot size of 0.1268.

Industrial sophistication meets California–coastal ease w/ this striking low-bank Redondo waterfront home. Architecturally reimagined for clean aesthetics & everyday practicality, the interior—evocative of Olson Kundig—pairs steel, concrete, wood & glass to blend quiet drama w/ relaxed comfort: a true Pacific Northwest retreat. Generously scaled, open rooms, vaulted ceilings, & a custom staircase create an ideal fusion of urban edge & sea rejuvenation. Step out to layered decks & patios to breathe in the salt air & listen to gentle waves roll across your private shoreline—a seamless indoor–outdoor connection. The upper level unfolds as a playful, private primary loft suite, offering treehouse-like serenity & comfort. Exceptionally versatile, the home can live as one residence or two, w/ the lower-level functioning as separate MIL quarters & potential short-term/income-producing rental. Outside, the grounds cascade to the water’s edge in layered gardens & intimate sanctuaries. A concrete pad at the shoreline is perfect for launching kayaks & paddleboards; anchor your boat before you & explore the islands across the bay. From beach walks to sunset paddles, Puget Sound is truly your backyard playground. Conveniently located, the property offers easy access to Light Rail, public transit to downtown Seattle, major freeways, & Sea-Tac International Airport. Whether a weekend pied-à-terre or primary residence, this home delivers a rare blend of design, lifestyle, & flexibility.

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Single Family Pending

Price

$ 1,295,000

Bedrooms

2

Full Bath

2

Half Bath

1

Property Type

Single Family

Taxes

$ 10,302

Style

1 1/2 Stry w/Bsmt

Lot Size

0.1268

Year Built

1975

Town/City

Federal Way

County/Region

King

MLS | Web ID

2504293

Features
General
Living Area 2085
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Closing
Roof Composition
Appliances Dishwasher Disposal Dryer Refrigerator Stove(s)/Range(s) Washer
HOA Fee 0
Security Features Partially Fenced
Year Built 1975
View Bay Islands Mountains Sea See Remarks Sound
Topography Level Terraces
Levels One and One Half
Property Subtype Single Family Residence
Tax Year 2025
Waterfront Features Medium Bank Bulkhead Saltwater Sea Sound
County King
New Construction N
Property Type Residential
HOA N
Attached Garage N
Subdivision Name Redondo
Full Baths 1
Special Listing Conditions None
Status Pending
Directions GPS is accurate; there at 2 parking spaces in front of the home.
City Federal Way
Entry Location Main
Senior Community Y/N N
High School District Federal Way
MLS Area 110 - Dash Point/Federal Way
Lot Size Units Square Feet
Lot Size Square Feet 5525
Carport Y/N N
Listing Terms Cash Conventional
Land Lease Y/N N
Tax Annual Amount 10302
Property Condition Very Good
Public Remarks Industrial sophistication meets Californiacoastal ease w/ this striking low-bank Redondo waterfront home. Architecturally reimagined for clean aesthetics & everyday practicality the interiorevocative
Virtual Tour https://my.matterport.com/show/?m=wrCpfXwTMwm&mls=1
Structure Type House
Building Area Units Square Feet
Standard Status Pending
Water Company Lakehaven
Property Style 17 - 1 1/2 Stry w/Bsmt
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Interior
Interior Amenities Second Kitchen Bath Off Primary Dbl Pane/Storm Window Skylight(s) Vaulted Ceiling(s) Walk-In Closet(s) Water Heater
Basement Daylight Finished
Flooring Ceramic Tile Concrete Engineered Hardwood
Total Fireplaces 0
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Half Baths 1
3/4 Baths 1
Total Bedrooms 2
Main Level Bedrooms 0
Total Baths 3
Water Heater Type Gas
Power Production Type Natural Gas
Baths Three Quarter Garage 0
Baths Three Quarter Lower 0
Baths Three Quarter Main 0
Baths Three Quarter Upper 1
Bedrooms Lower 1
Bedrooms Upper 1
Baths Half Upper 0
Baths Half Main 1
Baths Half Lower 0
Baths Half Garage 0
Baths Full Upper 0
Baths Full Main 0
Baths Full Lower 1
Baths Full Garage 0
Bathrooms 2.25
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Exterior
Exterior Amenities Cement Planked
Parking Features Driveway Off Street
Lot Features Dead End Street Paved
Water Source Public
Total Parking 2
Inclusions Dishwasher(s) Dryer(s) Garbage Disposal Refrigerator(s) Stove(s)/Range(s) Washer(s)
Foundation Details Poured Concrete
Building Area Total 2085
Lot Size Acres 0.1268
Waterfront Y/N Y
Covered Spaces 0
Irrigation Water Rights Y/N N
Waterfront Footage 25
Site Features Cable TV Deck Dog Run Fenced-Partially High Speed Internet Moorage Patio
Parking Uncovered Total 2
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Internal Only
OriginalMLSID NWM2504293
Street Number 1 306
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* Excluded Features
List By
Veronique Hval

Listing Agent

Windermere Re Magnolia

Broker

Affordability Calculator

$8,832
Per Month
90%
10%
0%
Monthly Principal & Interest
$7,974
Monthly Property Taxes
$859
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258885 Elementary School
257703 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/16/2026$1,295,000 Listed Price

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306 SW 292nd Street, Federal Way, WA, 98023 is a Single Family Home for sale at $1,295,000 with 2,085 sqft and a lot size of 0.1268. 306 SW 292nd Street has 2 bedrooms, 2.1 baths, and was built in 1975. The property's zip code is 98023 which is in Federal Way, WA