2221 SW 306th Pl, Federal Way, WA 98023
Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: antonio calimano montanez
Office: orchard brokerage, llc.
MLS#:2561710
Source:NWMLS
2221 SW 306th Pl,Federal Way, WA 98023
$520,000
- 3 Beds
- 3 Baths
- 1,910 sq. ft.
- Single family
- Active
Price summary
- Price:$520,000
- Price per sq. ft.:$272.25
About this home
Calling all visionaries, contractors, and value-add investors! This split-level home in a quiet, established Federal Way neighborhood is a rare opportunity to build serious equity through sweat and smart renovation. Originally built in 1976, this 3-bedroom home offers a classic split-level layout with distinct living spaces on each level — a floor plan that has stood the test of time and just needs your vision to shine again.Yes, this home needs love — plenty of it — but that's exactly where the opportunity lies. Priced to reflect its condition, this is your chance to secure a home in a desirable pocket of Federal Way at a fraction of market-ready pricing, then customize every finish to your own taste.This location works in your favor: tucked into an established residential street with mature landscaping and long-time neighbors, it's convenient to Highway 99 and I-5 for an easy commute, and just minutes from Dash Point State Park and Beach, French Lake Off-Leash Dog Park, and Alderdale Park. Everyday essentials are close by too, with Safeway, Fred Meyer, and QFC nearby, along with local favorites like Bigfoot Java and JP's Tavern. Federal Way's housing market has shown strong, consistent demand, making this a smart long-term hold or flip.The bones are here — the potential is yours to unlock. Whether you're an investor looking for your next project, a contractor ready to add value, or a buyer with a vision and some DIY grit, this split-level offers the space and structure....
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Home facts
- Year built:1976
- Subdivision & Development:Federal Way
- Listing ID #:2561710
- Updated:August 05, 2026 at 12:02 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:2
- Half bathrooms:1
- Flooring:Carpet, Ceramic Tile Floor, Engineered Hardwood, Vinyl Floor
- Kitchen Description:Dishwasher, Microwave, Refrigerator
- Bedroom Description:Upper Level Bedrooms : 3
- Basement:Yes
- Basement Description:Finished
- Living area:1,910 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1976
- Building area:1,910 sq. ft.
- Lot area:0.23 Acres
- Lot Features:Curbed Lot, Paved, Sidewalk
- Construction Materials:Wood Exterior Finish
- Exterior Features:Fenced-Partially, Patio
- Foundation Description:Finished
- Levels:3 or More Stories
Schools
- High school:Decatur High
- Middle school:Lakota Mid Sch
- Elementary school:Adelaide Elem
Utilities
- Water:Public
- Sewer:Available
Finances and disclosures
- Price:$520,000
- Price per sq. ft.:$272.25
- Tax amount:$5,657 (2026)
Features and amenities
- Appliances:Dishwasher, Refrigerator
- Amenities:Cable TV, Ceiling Fan(s), Gas Available, Vaulted Ceiling(s)
Parking
- Total parking spaces:4
- Parking description:Attached Garage
- Garage:Yes
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