$1,295,000
2 bd•1.5 ba•2,085 sq ft
306 Sw 292nd Street, Federal Way, WA 98023
• Listed 2026-04-16
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Based on information submitted to the MLS GRID as of May 22, 2026 at 09:27pm (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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Industrial sophistication meets California–coastal ease w/ this striking low-bank Redondo waterfront home. Architecturally reimagined for clean aesthetics & everyday practicality, the interior—evocative of Olson Kundig—pairs steel, concrete, wood & glass to blend quiet drama w/ relaxed comfort: a true Pacific Northwest retreat. Generously scaled, open rooms, vaulted ceilings, & a custom staircase create an ideal fusion of urban edge & sea rejuvenation. Step out to layered decks & patios to breathe in the salt air & listen to gentle waves roll across your private shoreline—a seamless indoor–outdoor connection. The upper level unfolds as a playful, private primary loft suite, offering treehouse-like serenity & comfort. Exceptionally versatile, the home can live as one residence or two, w/ the lower-level functioning as separate MIL quarters & potential short-term/income-producing rental. Outside, the grounds cascade to the water’s edge in layered gardens & intimate sanctuaries. A concrete pad at the shoreline is perfect for launching kayaks & paddleboards; anchor your boat before you & explore the islands across the bay. From beach walks to sunset paddles, Puget Sound is truly your backyard playground. Conveniently located, the property offers easy access to Light Rail, public transit to downtown Seattle, major freeways, & Sea-Tac International Airport. Whether a weekend pied-à-terre or primary residence, this home delivers a rare blend of design, lifestyle, & flexibility.
Listed by Veronique Hval • Windermere RE Magnolia
Listing updated: May 22, 2026 at 09:27pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2504293
Open houses
No upcoming open houses scheduled for this property.
$840,000
-$455,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $660K and $1.29M.
Rental earnings
$2,525/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$1,295,000Last sold price
306 Sw 292nd Street, Federal Way, WA 98023
$858,950Last sold price
245 Sw 298th Place, 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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School information is unavailable for this listing. School boundaries can change, so verify the 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: Days-on-market data not available for this area.
$535,000 Sold
2 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
0.9 mi
Distance
$550,000 Sold
2 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
0.7 mi
Distance
$510,950 Sold
5 months ago
3 bd•1.5 ba•~1,350 sq ft•Single Family
803 Sw Dash Point Road, Federal Way, WA 98023
2%
Under list
—
Days on market
0.8 mi
Distance
$445,000 Sold
5 months ago
3 bd•1 ba•~840 sq ft•Single Family
627 Sw 305th Street, Federal Way, WA 98023
1%
Over list
—
Days on market
0.9 mi
Distance
$599,995 Sold
6 months ago
4 bd•1.5 ba•~2,000 sq ft•Single Family
29929 4th Avenue Sw, Federal Way, WA 98023
0%
Over list
—
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 agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
