$1,725,000
6 bd•4.75 ba•4,962 sq ft
1240 Sw 296th Street, Federal Way, WA 98023
• Listed 2026-06-18
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Based on information submitted to the MLS GRID as of August 8, 2026 at 09:04am (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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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: August 8, 2026 at 09:04am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2542369
Open houses
No upcoming open houses scheduled for this property.
$1,345,000
-$380,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $960K and $1.73M.
Rental earnings
$4,025/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$1,725,000Last sold price
1240 Sw 296th Street, Federal Way, WA 98023
$960,000Last sold price
29646 2nd Avenue Sw, 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.
Neighborhood mobility
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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: 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: The average home goes pending in around 8 days.
$820,000 Sold
4 weeks ago
3 bd•2.75 ba•~1,870 sq ft•Single Family
204 Sw 298th Place, Federal Way, WA 98023
4%
Under list
—
Days on market
0.8 mi
Distance
$734,000 Sold
5 weeks ago
3 bd•2.25 ba•~2,090 sq ft•Single Family
29819 5th Avenue Sw, Federal Way, WA 98023
1%
Over list
—
Days on market
0.5 mi
Distance
$535,000 Sold
4 months ago
2 bd•1.75 ba•~1,100 sq ft•Single Family
505 Sw 305th Place, Federal Way, WA 98023
2%
Over list
—
Days on market
0.8 mi
Distance
$550,000 Sold
5 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
0.9 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 Aug 2026
Federal Way School District
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.
