306 SW 292nd Street Federal Way WA 98023 MLS #NWM2504293

306 SW 292nd Street
Federal Way, WA, 98023
$1,295,000
2 Beds
3 Baths
2,085 SqFt
0.13 Acres
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MLS #NWM2504293 image #0
Listing Provided Courtesy of Windermere RE Magnolia
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.

Property Details

Price:
$1,295,000
MLS #:
NWM2504293
Status:
Active
Beds:
2
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Redondo
Neighborhood:
110dashpointfederalway
Listed Date:
Apr 16, 2026
Finished Sq Ft:
2,085
Total Sq Ft:
2,085
Lot Size:
5,525 sqft / 0.13 acres (approx)
Year Built:
1975
Waterfront110 – Dash Point/federal Way110dashpointfederalwayRedondoFederal Way

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Schools

School District:
Federal Way

Interior

Appliances
Dishwasher, Disposal, Dryer, Refrigerator, Stove(s)/Range(s), Washer
Bathrooms
1 Full Bathroom, 1 Three Quarter Bathroom, 1 Half Bathroom
Cooling
None
Flooring
Ceramic Tile, Concrete, Engineered Hardwood
Heating
Forced Air
Interior Features
Second Kitchen, Bath Off Primary, Dbl Pane/Storm Window, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
Levels
One and One Half
Main Level Bathrooms
1

Exterior

Construction Materials
Cement Plank
Exterior Features
Cement Planked
Lot Features
Dead End Street, Paved
Parking Features
Driveway, Off Street
Parking Spots
2
Parking Total
2
Roof
Composition
Security Features
Partially Fenced
View
Bay, Islands, Mountains, Sea, See Remarks, Sound
Waterfront Features
Medium Bank, Bulkhead, Saltwater, Sea, Sound

Financial

Tax Year
2025
Taxes
$10,302

Map

Community

Market Summary

Current real estate data for Single Family in Federal Way as of Apr 16, 2026
173
Single Family Listed
52
Avg DOM
344
Avg $ / SqFt
$799,527
Avg List Price

Property Summary

    Located in the Redondo subdivision, 306 SW 292nd Street Federal Way WA is a Single Family for sale in Federal Way, WA, 98023. It is listed for $1,295,000 and features 2 beds, 3 baths, and has approximately 2,085 square feet of living space, and was originally constructed in 1975. The current price per square foot is $621. The average price per square foot for Single Family listings in Federal Way is $344. The average listing price for Single Family in Federal Way is $799,527. To schedule a showing of MLS#nwm2504293 at 306 SW 292nd Street in Federal Way, WA, contact your Best in the West agent at 206-351-5550.

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