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.
Property Details
Price:
$925,000
MLS #:
NWM2522215
Status:
Active
Beds:
2
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Steel Lake
Neighborhood:
110dashpointfederalway
Listed Date:
May 13, 2026
Finished Sq Ft:
2,240
Total Sq Ft:
2,240
Lot Size:
17,159 sqft / 0.39 acres (approx)
Year Built:
1957
See this Listing
Schools
School District:
Federal Way
Elementary School:
Wildwood Elem
Middle School:
Sacajawea Jnr High
High School:
Federal Way Snr High
Interior
Appliances
Dishwasher, Microwave, Refrigerator, Stove(s)/Range(s)
Bathrooms
1 Full Bathroom, 2 Three Quarter Bathrooms
Cooling
None
Fireplaces Total
1
Flooring
Ceramic Tile, Hardwood
Heating
Wall Furnace
Interior Features
Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Fireplace, Security System, Skylight(s), Sprinkler System, Walk-In Closet(s), Water Heater
Levels
One
Main Level Bathrooms
2
Main Level Bedrooms
2
Exterior
Community Features
Park
Construction Materials
Wood
Covered Spaces
3
Exterior Features
Wood, Wood Products
Lot Features
Open Space, Paved
Parking Features
Detached Garage
Parking Spots
6
Parking Total
6
Roof
Torch Down
Security Features
Security System
View
Lake, Territorial
Waterfront Features
Low Bank, Lake
Financial
Tax Year
2026
Taxes
$8,298
Map
Community
- Address2605 S 304th Street Federal Way WA
- SubdivisionSteel Lake
- CityFederal Way
- CountyKing
- Zip Code98003
Subdivisions in Federal Way
- Adelaide
- Alderbrook
- Alderdale
- Buenna
- Campus Estates
- Campus Highlands
- Central Federal Way
- Dash Point
- Dumas Bay
- Enchanted Village
- Federal Way
- Jovita
- Killarney
- Lake Killarney
- Lakota
- Laurelwood
- Madrona
- Marine Hills
- Marine View Park
- Mirror Lake
- North Lake
- Northshore
- Panther Lake
- Redondo
- Regency Woods
- S Federal Way
- Star Lake
- Steel Lake
- Tacoma
- Twin Lakes
- Wedgewood
- West Campus
- West Hill
Market Summary
Current real estate data for Single Family in Federal Way as of Jun 10, 2026
225
Single Family Listed
57
Avg DOM
355
Avg $ / SqFt
$821,247
Avg List Price
Property Summary
- Located in the Steel Lake subdivision, 2605 S 304th Street Federal Way WA is a Single Family for sale in Federal Way, WA, 98003. It is listed for $925,000 and features 2 beds, 3 baths, and has approximately 2,240 square feet of living space, and was originally constructed in 1957. The current price per square foot is $413. The average price per square foot for Single Family listings in Federal Way is $355. The average listing price for Single Family in Federal Way is $821,247. To schedule a showing of MLS#nwm2522215 at 2605 S 304th Street in Federal Way, WA, contact your Best in the West agent at 206-351-5550.
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© 2026 Northwest Multiple Listing Service as distributed by MLS GRID.
represents listings courtesy of NWMLS. Listed by PRO RLTYSRVCS Eastside.
Disclaimer: Based on information submitted to the MLS GRID as of Jun-10-2026 12:01:18 pm. 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.
Copyright 2026. All rights reserved.
represents listings courtesy of NWMLS. Listed by PRO RLTYSRVCS Eastside.Disclaimer: Based on information submitted to the MLS GRID as of Jun-10-2026 12:01:18 pm. 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.
Copyright 2026. All rights reserved.
2605 S 304th Street
Federal Way, WA


