$1,725,000
6 bd•4.75 ba•4,962 sq ft
1240 SW 296th Street, Federal Way, WA 98023
• Listed Jun 18, 2026
Talk to a local RexMont expert
A local broker replies within minutes
Listing Broker: Upgrade Realty; Nick Southard; 206-533-3322
Buyer Broker: Premier Real Estate Partners
About this home
Spectacularly perched atop a private beach on the shores of Puget Sound with jaw-dropping 180° panoramic views sweeping from Maury Island to Bainbridge & beyond, this extraordinary 4,962sf, 6 bed, 5 bath bluff home on a dead-end in desirable Demarwood is a lucky find of lifetime! Set on a scenic .68 acre oasis with majestic gardens, sprawling multi-level wrap-around decks & paver patio fire pit buffered by a secluded neighborhood park. A luxurious northwest contemporary masterpiece custom-built in 2006, the spacious floor plan features exquisite finishes, copious layered lighting, dramatic architecture, soaring ceilings & oversized wall-to-wall windows with stunning views at every turn. Covered ironwood porch opens to vaulted travertine foyer with cascading open-rail staircase & contoured upper hall loft. Great room layout boasts Brazilian Cherry hardwoods, slate fireplace, french doors to den with built-ins & expansive 4-panel slider seamlessly blending the outdoors in. The extravagant gourmet kitchen exceeds all expectations with high-end commercial appliances, walk-in pantry & enormous granite center island. Mesmerizing primary suite with cathedral ceilings, sitting nook, glass-rail view balcony, custom walk-in closet & lavish bath with deep jetted tub & upscale shower spa. Secondary ensuites featured on each floor + daylight basement with recreation room, fully-equipped theater with wet bar & so much more!
Listed by Nick Southard • Upgrade Realty
Listing updated: September 6, 2026 at 04:03am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2542369
Around this home
Property details
Interior features
- Bath Off Primary
- Built-In Vacuum
- Ceiling Fan(s)
- Dbl Pane/Storm Window
- Dining Room
- Fireplace
- French Doors
- High Tech Cabling
- Jetted Tub
- Pantry
- Security System
- Vaulted Ceiling(s)
- Walk-In Closet(s)
- Water Heater
- Wet Bar
- Fireplace (gas)
- Daylight, Finished basement
Kitchen
- Dishwasher
- Disposal
- Dryer
- Microwave
- Refrigerator
- Stove(s)/Range(s)
- Washer
Bedrooms
- 6 bedrooms total
- 1 on the main level
- 4 upstairs
- 1 on the lower level
Bathrooms
- 4 full bathrooms
- 1 three-quarter bathroom (shower, no tub)
- 4.75 bathrooms total (NWMLS count)
- 1 on the main level
Layout
- 2 Stories w/Bsmnt
- 4,962 sq ft finished
- 906 sq ft garage
Flooring
- Ceramic Tile
- Hardwood
- Travertine
Heating & cooling
- Forced Air heating
- None cooling
Schools
Ratings via SchoolDiggerFederal Way School District
- Adelaide Elementary SchoolPublic · Grades PK-5 · State rank 871 of 1,1382/10
- Lakota Middle SchoolPublic · Grades 6-8 · State rank 295 of 5144/10
- Decatur High SchoolPublic · Grades 9-12 · State rank 338 of 3962/10
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.
Single-family home facts
As entered by the listing broker on Northwest MLS
Lot & site
- Topography
- Level,Sloped
- Vegetation
- Garden Space
Systems
- Energy source
- Natural Gas,Solar (Unspecified)
- Power production
- Natural Gas, Solar (Unspecified)
- Water heater
- Gas
- Water heater location
- Garage
- Power company
- Puget Sound Energy
- Water company
- Lakehaven Water and Sewer District
- Sewer company
- Lakehaven Water and Sewer District
- Gas company
- Puget Sound Energy
- Garbage service
- Waste Management
- Irrigation water rights
- No
- Internet connected
- Xfinity
- Cable connected
- Xfinity
Green & certifications
- Energy generation
- Solar
Rooms & extras
- Bathtubs
- 3
- Showers
- 5
- Fireplaces on main
- 1
New construction
- Square footage source
- Public Records
- Lot size source
- Public Records
Manufactured home
- Land lease
- No
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 1240 SW 296th Street
NWMLS via MLS Grid · King County AssessorEvery 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.
- Aug 6, 2026SoldNWMLS via MLS Grid · #2542369$1,725,000$348/sq ft
- Jun 25, 2026PendingNWMLS via MLS Grid · #2542369$1,725,000$348/sq ft
- Jun 18, 2026ListedNWMLS via MLS Grid · #2542369$1,725,000$348/sq ft
- Apr 26, 2013SoldNWMLS via MLS Grid · #348700$929,000$187/sq ft
- Nov 5, 2012PendingNWMLS via MLS Grid · #348700$908,100$183/sq ft
- Nov 5, 2012Price reducedNWMLS via MLS Grid · #348700$908,100$183/sq ft
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 58 days.
Recent sales nearby
Within 1 mile · last 6 months$520,000 Sold
1 week 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
0.8 mi
Distance
$1,250,000 Sold
2 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
0.3 mi
Distance
$640,000 Sold
2 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
0.4 mi
Distance
$490,000 Sold
6 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
$440,000 Sold
7 weeks ago
3 bd•2.5 ba•~1,910 sq ft•Single Family
2221 SW 306th Pl, Federal Way, WA 98023
15%
Under list
19
Days on market
0.9 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
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 6, 2026 at 04:03am (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.
HO
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
