$75,000
Est. $400/moPrice reduced $74,500 from the original $149,500 asking price
26 Xx Sw 308th Street, Federal Way, WA 98023
• Listed Mar 9, 2026•205 days active · 205 cumulative
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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.
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
Open houses
No upcoming open houses scheduled for this property.
Around this home
How much should you offer?
26 Xx Sw 308th Street, 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
Neighborhood mobility
Walk, bike & transit scores
Source: Walk Score®, Bike Score® and Transit Score® are provided by Walk Score (walkscore.com), a third-party service. This is not Northwest MLS listing data.
Schools
Ratings via SchoolDiggerFederal Way School District
- Sunnycrest Elementary SchoolPublic · Grades PK-5 · State rank 326 of 1,1608/10
- Lakota Middle SchoolPublic · Grades 6-8 · State rank 391 of 5342/10
- Decatur High SchoolPublic · Grades 9-12 · State rank 382 of 4382/10
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.
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
$457 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%.
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Market pulse
Federal Way is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 57 days.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 17, 2026 at 11:33am (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.
© 2026 Northwest Multiple Listing Service. All rights reserved.
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