$535,000
Listed at $525,0002 bd•1 ba•1,100 sq ft
505 Sw 305th Place, Federal Way, WA 98023
• Listed 2025-12-06
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Based on information submitted to the MLS GRID as of May 21, 2026 at 04:01am (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Welcome to this charming 2 bedroom, 1.75 bathroom one-story home! Situated on a large, flat corner lot with excellent parking and yard access. Enjoy spacious living and dining areas, an updated open kitchen with quartz counters, breakfast bar, bright, new cabinetry, updated electrical, generator hook-up and dedicated laundry room. Lateral backyard access offers room for RV, boat or parking multiple vehicles! Versatile utility room can serve as the perfect home office, den, pantry or potential third bedroom! The spacious yard is fully-fenced and includes 2 large storage sheds, a treehouse and plenty of space to entertain. The oversized driveway can easily fit 6 cars! Ideal location near schools, parks, shops, restaurants, freeway access and Redondo Beach.
Listed by David P. Huynh • KW Lake Washington So
Listing updated: May 21, 2026 at 04:01am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2459200
Open houses
No upcoming open houses scheduled for this property.
$491,000
-$44,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $400K and $565K.
Rental earnings
$1,475/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$447,000Last sold price
30573 5th Avenue Sw, Federal Way, WA 98023
$400,000Last sold price
219 Sw 305th Street, Federal Way, WA 98023
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
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Federal Way School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Federal Way is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 10 days.
$734,000 Sold
4 days ago
3 bd•1.5 ba•~2,090 sq ft•Single Family
29819 5th Avenue Sw, Federal Way, WA 98023
1%
Over list
—
Days on market
0.4 mi
Distance
$535,000 Sold
3 months ago
2 bd•1 ba•~1,100 sq ft•Single Family
505 Sw 305th Place, Federal Way, WA 98023
2%
Over list
—
Days on market
0.1 mi
Distance
$550,000 Sold
3 months ago
3 bd•1.5 ba•~1,340 sq ft•Single Family
206 Sw 303rd Street, Federal Way, WA 98023
0%
Over list
—
Days on market
0.2 mi
Distance
$501,000 Sold
3 months ago
2 bd•1.5 ba•~1,200 sq ft•Single Family
31806 10th Place Sw, Federal Way, WA 98023
3%
Over list
—
Days on market
0.9 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
