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← Back to search results/Federal Way, WA/505 SW 305th Street
1 / 38SOLD APR 20, 2026
Listed by David P. Huynh • KW Lake Washington So. Buyer represented by eXp Realty.Some photos are virtually staged
SOLD APR 20, 2026

$535,000

Listed at $525,000

2 bd•1.75 ba•1,100 sq ft

505 SW 305th Street, Federal Way, WA 98023

• Listed Dec 6, 2025

RexMont Market Signal for 505 SW 305th Street

Sold price on record

RexMont Market Signal $535,000

Closed sale price · as of April 20, 2026, the day it sold.

Estimate, not an appraisal.

Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID; King County Assessor records.

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Listing Broker: KW Lake Washington So; David P. Huynh; 425-757-3465

Buyer Broker: eXp Realty

About this home

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.

Property type
Single Family
Year built
1960
Interior
1,100 sq ft
Lot size
0.1951 acres
Parking
Driveway, Off Street, RV Parking
Price / sq ft
$486
HeatingForced Air
CoolingNone
Property taxes$4,317/yr (est.)
School districtFederal Way

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

Around this home

Property details

Interior features

  • Bath Off Primary
  • Dbl Pane/Storm Window
  • Dining Room
  • High Tech Cabling
  • Walk-In Closet(s)
  • Water Heater
  • Wired for Generator

Kitchen

  • Dishwasher
  • Microwave
  • Refrigerator
  • Stove(s)/Range(s)

Bedrooms

  • 2 bedrooms total
  • 2 on the main level

Bathrooms

  • 1 full bathroom
  • 1 three-quarter bathroom (shower, no tub)
  • 1.75 bathrooms total (NWMLS count)
  • 2 on the main level

Layout

  • 1 Story
  • 1,100 sq ft finished

Flooring

  • Laminate
  • Vinyl

Heating & cooling

  • Forced Air heating
  • None cooling

Schools

Ratings via SchoolDigger

Federal Way School District

  • Lake Grove Elementary School
    Public · Grades PK-5 · State rank 988 of 1,138
    2/10
  • Sacajawea Jnr High
    Public · Grades Middle
    —
  • Federal Way Snr High
    Public · Grades High
    —

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.

Single-family home facts

As entered by the listing broker on Northwest MLS

Lot & site

Topography
Level
Vegetation
Garden Space
Zoning code
City

Systems

Energy source
Electric,Natural Gas
Power production
Electric, Natural Gas
Water heater
Gas
Water heater location
Closet
Power company
PSE
Water company
Lake Haven
Sewer company
Septic
Irrigation water rights
No

Rooms & extras

Bathtubs
1
Showers
2

New construction

Square footage source
Realist
Lot size source
Realist
Effective year built source
Public Records

Manufactured home

Land lease
No

Neighborhood mobility

Doorstep, Pedal & Station Scores

Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.

Ground Truth™

The ground, the slope, the flood zone and the noise at this address

Read from public hazard, flood, terrain and noise maps for this exact home.

Address Insider™

The members' report

Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.

Members

Opens with the report above.

Sales & Tax Records for 505 SW 305th Street

NWMLS via MLS Grid · King County Assessor

Every listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.

  1. Apr 20, 2026
    Sold
    NWMLS via MLS Grid · #2459200
    $535,000
    $486/sq ft
  2. Mar 5, 2026
    Pending
    NWMLS via MLS Grid · #2459200
    $525,000
    $477/sq ft
  3. Mar 5, 2026
    Price reduced
    NWMLS via MLS Grid · #2459200
    $525,000
    $477/sq ft
  4. Dec 6, 2025
    Listed
    NWMLS via MLS Grid · #2459200
    $549,950
    $500/sq ft
  5. Sep 19, 2025
    Recorded sale
    King County recorder · Trustee's deed
    $365,620
    $332/sq ft
  6. Jun 24, 2020
    Sold
    NWMLS via MLS Grid · #1581206
    $345,000
    $314/sq ft

Market pulse

Federal Way is a balanced market.

Supply and demand are roughly in balance. Neither side has a clear edge.

Buyer's marketSeller's market
  • Offer insight: Homes typically sell with one offer near asking price.

  • List to sale price: The average home sells very close to list price.

  • Time on market: The average home goes pending in around 61 days.

Recent sales nearby

Within 1 mile · last 6 months
  • $550,000 Sold

    3 weeks ago

    2 bd•1.75 ba•~1,310 sq ft•Single Family

    31024 6th Lane SW, Federal Way, WA 98023

    4%

    Under list

    98

    Days on market

    0.3 mi

    Distance

  • $520,000 Sold

    3 weeks ago

    3 bd•1 ba•~1,310 sq ft•Single Family

    413 SW 305th Street, Federal Way, WA 98023

    0%

    Over list

    63

    Days on market

    0.1 mi

    Distance

  • $1,250,000 Sold

    3 weeks ago

    4 bd•3 ba•~2,570 sq ft•Single Family

    921 SW 296th Street, Federal Way, WA 98023

    0%

    Over list

    54

    Days on market

    0.6 mi

    Distance

  • $640,000 Sold

    4 weeks ago

    4 bd•2.75 ba•~1,720 sq ft•Single Family

    29853 8th Avenue SW, Federal Way, WA 98023

    4%

    Under list

    55

    Days on market

    0.4 mi

    Distance

  • $599,000 Sold

    7 weeks ago

    3 bd•2.5 ba•~1,750 sq ft•Single Family

    822 SW 314th Place, Federal Way, WA 98023

    0%

    Over list

    25

    Days on market

    0.6 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?

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Market data from MLS GRID / NWMLS · Updated Oct 2026

Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.

MLS GRID Disclaimer

Based on information submitted to the MLS GRID as of October 18, 2026 at 2:53 PM PT (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.

Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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© 2026 Northwest Multiple Listing Service. All rights reserved.

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