$960,000
Est. $5,032/mo2 bd•2,240 sq ft
2605 S 304th Street, Federal Way, WA 98003
• Listed 2026-05-13•3 days on market
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Based on information submitted to the MLS GRID as of June 1, 2026 at 3:28 AM PDT (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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Wake up to panoramic lake views and end your day with stunning sunset hues in this beautiful 2 bedroom, 1.75 bath waterfront home on desirable Steel Lake! Nestled in the heart of Federal Way, this inviting property offers the perfect blend of comfort, tranquility, and waterfront living. Located on over a third of an acre, this property also features a huge 1470 sq ft combined garage, shop, and living or work space. The large living space attached to the garage includes a three quarter bath and an easily finished kitchen that could make an incredible rental. Offset your mortgage with onsite income! The home enjoys light-filled living spaces, an open layout, and serene lake views from the main living areas. The open kitchen layout makes entertaining a breeze as it is open to the living room and just steps from the large, lake facing deck. The spacious primary suite features a private bath with a separate shower and bath and a large walk-in closet. The 2nd bedroom has built-in storage and is conveniently located across from the 2nd bathroom with its large walk-in shower. Step outside to relax on the large deck, just a few steps to the largest dock on Steel Lake, or on one of two spacious lawns! Kayak, paddle board, canoe or fish right outside your door! Second deck with firepit is lakeside for evening rest and relaxation. Conveniently located near parks, shopping, dining, and commuter routes, this rare lakeside opportunity combines peaceful living with everyday convenience.
Listed by Toni Murray • PRO RLTYSRVCS Eastside
Listing updated: May 28, 2026 at 03:09pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2522215
Open houses
5 recent nearby sales, priced between $675K and $924K.
$735,000Last sold price
2322 S 284th Court, Federal Way, WA 98003
$675,000Last sold price
27526 26th Avenue S, Federal Way, WA 98003
$776,759Last sold price
37517 30th Place S #31, Federal Way, WA 98003
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Federal Way is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
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 38 days.
$949,422 Sold
2 months ago
5 bd•2 ba
30218 11th Place S, Federal Way, WA 98003
0%
Over list
—
Days on market
0.8 mi
Distance
$922,580 Sold
5 months ago
5 bd•2 ba•~2,983 sq ft•Single Family
30214 11th Place S, Federal Way, WA 98003
0%
Over list
—
Days on market
0.8 mi
Distance
$995,000 Sold
5 months ago
4 bd•1 ba•~2,560 sq ft•Single Family
29628 10th Place S, Federal Way, WA 98003
2%
Over list
—
Days on market
1.0 mi
Distance
$750,000 Sold
5 months ago
5 bd•3.5 ba•~2,600 sq ft•Single Family
29628 22nd Avenue S, Federal Way, WA 98003
0%
Over list
—
Days on market
0.4 mi
Distance
$515,000 Sold
6 months ago
3 bd•1 ba•~1,000 sq ft•Single Family
2031 S 301st Place, Federal Way, WA 98003
3%
Over list
—
Days on market
0.3 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 via RentCast · Updated Jun 2026
Schools shown are the nearest public Elementary, Middle, and High school for this property. School district boundaries change — verify the assigned school with the district before purchasing.