$399,000
Est. $2,210/mo29500 2nd Avenue SW, Federal Way, WA 98023
• Listed Jan 11, 2026•477 days active · 477 cumulative
Listing Broker: Mt. Rainier Realty; Lance Smith; 360-829-9200; LanceSmithBroker@gmail.com
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Listing Broker: Mt. Rainier Realty; Lance Smith; 360-829-9200; LanceSmithBroker@gmail.com
About this home
Build your dream home on this 1+ acre view lot. Beautiful views of the Puget Sound. Rare opportunity in this high demand area. Two tax parcels # 1196003590 and 1196003595. total 44,350 sq ft. Parcels being sold together. Zoning RS9.6 Access easement for parcel 1196003590. Water, Power, and Sewer are available. Buyer to verify all information to their own satisfaction.
Listed by Lance Smith • Mt. Rainier Realty
Listing updated: September 17, 2026 at 11:31am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2467258
Around this home
How much should you offer?
29500 2nd Avenue SW, Federal Way, WA 98023
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- Res-Over 1 Acre
Schools
Ratings via SchoolDigger- Nautilus K-8 SchoolPublic · Grades K-8 · 0.7 mi · State rank 379 of 1,1386/10
- Sacajawea Middle SchoolPublic · Grades 6-8 · 0.9 mi · State rank 426 of 5142/10
- Federal Way High SchoolPublic · Grades 9-12 · 1.3 mi · State rank 342 of 3962/10
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Vacant land facts
As entered by the listing broker on Northwest MLS
Lot
- Acres
- 1.02 acres
- Lot square feet
- 44,350 sq ft
- Topography
- Sloped
- Lot details
- Dead End Street
Zoning & use
- Zoning code
- RS9.6
- Zoning description
- Residential
- Zoning jurisdiction
- City
- Possible use
- Residential
- Easements
- Access easement for parcel 1196003590
Utilities
- Utilities
- Electricity Available, Natural Gas Available
- Electricity
- Available
- Gas
- In Street
- Water
- Available, In Street, See Remarks
- Water jurisdiction
- Lakehaven
- Sewer
- Available
Road & access
- Road information
- Access Easement
- Road on which side
- North
Surveys & reports
- Sketch submitted
- No
Water & irrigation
- Waterfront
- No
- Irrigation water rights
- No
Taxes & assessment
- Financing
- Cash, Conventional
- Seller disclosure
- Provided
- Preliminary title ordered
- Yes
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.
Opens with the report above.
Sales & Tax Records for 29500 2nd Avenue SW
NWMLS via MLS GridEvery 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.
- Jan 11, 2026ListedNWMLS via MLS Grid · #2467258$399,000
- Oct 4, 2013SoldNWMLS via MLS Grid · #538273$40,000
- Sep 23, 2013PendingNWMLS via MLS Grid · #538273$40,000
- Aug 30, 2013ListedNWMLS via MLS Grid · #538273$40,000
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$2,609 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: Mt. Rainier Realty; Lance Smith; 360-829-9200; LanceSmithBroker@gmail.com
Market pulse
Federal Way is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
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$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
0.7 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
0.5 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
0.5 mi
Distance
$490,000 Sold
7 weeks ago
3 bd•1.5 ba•~1,560 sq ft•Single Family
606 SW 302nd Street, Federal Way, WA 98023
2%
Under list
55
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?
Ask a RexMont agentMarket 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 2:11 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.
HO
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