Property Details

2221 SW 306th Pl
Federal Way, WA 98023
$520,000
MLS# 2561710 courtesy of NWMLS Listing firm: Orchard Brokerage, LLC

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2221 SW 306th Pl , Federal Way, WA 98023, Federal Way

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2221 SW 306th Pl , Federal Way, WA 98023, Federal Way

1 / 7
3
Beds
2.5
Baths
1,910
Sq Ft
0.23
Acres
1976
Year Built
$5,657
Annual Tax (2026)
Federal Way
School District

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.

Property Details

Property Information

Property Type Residential
Subtype Single Family Residence
Status Pending
County King
Neighborhood Federal Way
Listed Aug 1, 2026
Structure Type House
Parcel Number 4167300290

Tax & HOA

Annual Property Tax $5,657 (2026)
Est. Monthly Tax $471/mo

Interior Features

Bedrooms 3
Bathrooms 2.5
Half Baths 1
Living Area 1,910 sq ft
Basement Finished
Interior Features Ceiling Fan(s), Dining Room, Fireplace, Vaulted Ceiling(s)

Exterior & Lot

Lot Size 0.23 sqft
Year Built 1976
Exterior Materials Wood
Parking Attached Garage
Sewer Available
Water Source Public
Lot Features Curbs, Paved, Sidewalk
Exterior Features Wood

Community & Access

Directions GPS

Location

City Federal Way
County King
Coordinates 47.32710, -122.36290

Schools

School District Federal Way
Elementary School Adelaide Elem
Middle School Lakota Mid Sch
High School Decatur High

Additional Information

Tax Year 2026
Annual Taxes $5,657
Possession Array
Inclusions Dishwasher(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s)

Mortgage Calculator

Estimated Monthly Payment
$0
Down Payment $0
Loan Amount $0

Provided by Beyond Real Estate, LLC

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Down Payment Assistance Available

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Listed By
Antonio Calimano Montanez
Orchard Brokerage, LLC

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