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Listed by David R Knight • KW Mountains to Sound Realty.
FOR SALE

$75,000

Est. $415/mo

Price reduced $74,500 from the original $149,500 asking price

26 XX SW 308th Street, Federal Way, WA 98023

• Listed Mar 9, 2026•173 days active · 173 cumulative

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★★★★★5.0·1,244 Google reviews

Listing Broker: KW Mountains to Sound Realty; David R Knight; 253-631-9545; DavidRKnight@LandmanInc.com

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Listing Broker: KW Mountains to Sound Realty; David R Knight; 253-631-9545; DavidRKnight@LandmanInc.com

About this home

Discover a rare opportunity in Federal Way! 2.17 acres across two tax parcels sold together, offering flexibility and possibility for your future vision. Whether you're dreaming of building one private estate or exploring the potential for two homes, this secluded acreage provides the perfect canvas at an excellent price. Final feasibility, including perk tests and driveway easement improvements, will determine whether one or two residences are possible; buyer to verify all details. Tucked away in a peaceful, wooded setting, this property delivers the rare combination of convenience and tranquility. Towering evergreens create your very own forest retreat—an ideal backdrop for a custom home, a large garage or shop, garden space, or simply room to breathe. Walk the property and experience firsthand the quiet privacy and sense of escape from the everyday hustle and bustle. This is zoned residential, with nearby access to utilities. A septic system will be needed, and the property is expected to perk; public sewer is too far for practical connection. Water and other utilities will need to be brought in—another element allowing you to tailor the homesite to your needs. Follow the driving directions, park at the designated spot, and enjoy a beautiful walk through the land. Here is a unique chance to create something special—don’t miss this rare acreage offering in Federal Way.

Property type
Single Family
Year built
Not listed
Interior
Not listed
Lot size
2.1652 acres
Parking
None
Price / sq ft
Not listed
Property taxes$452/yr (est.)
School districtFederal Way

Listed by David R Knight • KW Mountains to Sound Realty

Listing updated: September 17, 2026 at 11:33am

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2484436

Around this home

RexMont OfferEdge™

How much should you offer?

26 XX SW 308th Street, Federal Way, WA 98023

List price
$75,000
Down payment
$15,000

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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

Federal Way School District

  • Sunnycrest Elem
    Public · Grades Elementary
    —
  • Lakota Mid Sch
    Public · Grades Middle
    —
  • Decatur 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.

Vacant land facts

As entered by the listing broker on Northwest MLS

Lot

Acres
2.17 acres
Lot square feet
94,315 sq ft
Topography
Level,Rolling,Sloped
Lot details
Dead End Street, Secluded

Zoning & use

Zoning code
RS15.0
Zoning description
Residential
Zoning jurisdiction
City
Possible use
Residential
Easements
Road, Utilities

Utilities

Utilities
Electricity Available
Electricity
In Street
Gas
Not Available
Water
Available
Water jurisdiction
Lakehaven Water District
Sewer
Not Available
Septic design applied
No
Septic installed
No

Road & access

Road surface
Gravel
Road information
Gravel
Road on which side
West

Surveys & reports

Soil feasibility test
No
Sketch submitted
No
Reports and documents completed
See Remarks

Water & irrigation

Waterfront
No
Irrigation water rights
No

Taxes & assessment

Annual taxes
$452
Tax year
2025
Senior exemption
No
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.

Members

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Sales & Tax Records for 26 XX SW 308th Street

NWMLS via MLS Grid

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. Sep 17, 2026
    Price reduced
    NWMLS via MLS Grid · #2484436
    $75,000
  2. Mar 9, 2026
    Listed
    NWMLS via MLS Grid · #2484436
    $149,500

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.

Check eligibility

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

$472 per month

Great rate
Principal and interest
Property taxes
HOA dues
Home insurance

Takes about 5 minutes & won't affect your credit

Get pre-approved
Plan your offer with a RexMont buyer specialistWalk through escalation strategy, contingencies, and competing-offer risk in this neighborhoodCompare loan options30-yr fixed, 15-yr, FHA, VA, jumbo

Source: 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%.

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Listing Broker: KW Mountains to Sound Realty; David R Knight; 253-631-9545; DavidRKnight@LandmanInc.com

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

  • $585,000 Sold

    6 days ago

    3 bd•2.25 ba•~1,560 sq ft•Single Family

    31550 39th Avenue SW, Federal Way, WA 98023

    0%

    Over list

    70

    Days on market

    0.8 mi

    Distance

  • $593,000 Sold

    1 week ago

    3 bd•1.75 ba•~1,410 sq ft•Single Family

    3339 SW 323rd Street, Federal Way, WA 98023

    5%

    Under list

    62

    Days on market

    1.0 mi

    Distance

  • $1,240,000 Sold

    8 weeks ago

    6 bd•3.5 ba•~4,590 sq ft•Single Family

    30809 36TH Court SW, Federal Way, WA 98023

    1%

    Under list

    98

    Days on market

    0.5 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 agent

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 20, 2026 at 5:29 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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