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!
Pending inspection
Listed by: Upgrade Realty
$1,725,000
1240 SW 296th Street, Federal Way, WA 98023
6beds
4,962sqft
Single Family Residence
Built in 2006
0.68 Acres Lot
$1,724,300 Zestimate®
$348/sqft
$11/mo HOA
What's special
Glass-rail view balconySlate fireplacePaver patio fire pitSitting nookSoaring ceilingsBrazilian cherry hardwoodsCustom walk-in closet
- 12 days |
- 648 |
- 40 |
Zillow last checked:
Listing updated:
Listed by:
Nick Southard,
Upgrade Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2542369
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 4
- 3/4 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Lower
Bedroom
- Level: Main
Bathroom full
- Level: Second
Bathroom full
- Level: Second
Bathroom full
- Level: Lower
Bathroom three quarter
- Level: Main
Bathroom full
- Level: Second
Bonus room
- Level: Lower
Den office
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Family room
- Level: Lower
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Forced Air, Natural Gas, Solar (Unspecified)
Cooling
- None
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Washer(s), Water Heater: Gas, Water Heater Location: Garage
Features
- Bath Off Primary, Central Vacuum, Ceiling Fan(s), Dining Room, High Tech Cabling, Pantry
- Flooring: Ceramic Tile, Hardwood, Travertine
- Doors: French Doors
- Windows: Dbl Pane/Storm Window
- Basement: Daylight,Finished
- Number of fireplaces: 1
- Fireplace features: Gas, Main Level: 1, Fireplace
Interior area
- Total structure area: 4,962
- Total interior livable area: 4,962 sqft
Video & virtual tour
Property
Parking
- Total spaces: 13
- Parking features: Driveway, Attached Garage, Off Street, RV Parking
- Has attached garage: Yes
- Covered spaces: 3
- Uncovered spaces: 10
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Bath Off Primary, Built-In Vacuum, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, French Doors, High Tech Cabling, Jetted Tub, Pantry, Security System, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater, Wet Bar
- Spa features: Bath
- Has view: Yes
- View description: Islands, Mountain(s), Sound, Territorial
- Has water view: Yes
- Water view: Sound
Lot
- Size: 0.68 Acres
- Features: Dead End Street, Paved, Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio, RV Parking
- Topography: Level,Sloped
- Residential vegetation: Garden Space
Details
- Parcel number: 0621049047
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary,2 Stories w/Bsmnt
- Property subtype: Single Family Residence
Materials
- Cement Planked, Wood Siding, Wood Products, Cement Plank
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Very Good
- Year built: 2006
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Sewer Connected, Company: Lakehaven Water and Sewer District
- Water: Public, Company: Lakehaven Water and Sewer District
- Utilities for property: Xfinity, Xfinity
Green energy
- Energy generation: Solar
Community & HOA
Community
- Features: Park, Trail(s)
- Security: Security System
- Subdivision: Marine View Park
HOA
- Services included: See Remarks
- HOA fee: $11 monthly
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $348/sqft
- Tax assessed value: $1,530,000
- Annual tax amount: $13,831
- Date on market: 6/18/2026
- Cumulative days on market: 13 days
- Listing terms: Conventional
- Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Estimated market value
$1,724,300
$1.64M - $1.81M
$5,147/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2026 | Pending sale | $1,725,000$348/sqft |
Source:  NWMLS as distributed by MLS GRID #2542369 Report a problem | ||
| 6/19/2026 | Listed for sale | $1,725,000+85.7%$348/sqft |
Source: NWMLS as distributed by MLS GRID #2542369 Report a problem | ||
| 4/26/2013 | Sold | $929,000+2.3%$187/sqft |
Source: NWMLS as distributed by MLS GRID #348700 Report a problem | ||
| 12/31/2012 | Price change | $908,100-3%$183/sqft |
Source: John L Scott Real Estate #348700 Report a problem | ||
| 11/27/2012 | Price change | $936,200-3%$189/sqft |
Source: John L Scott Real Estate #348700 Report a problem | ||
| 11/6/2012 | Pending sale | $965,150$195/sqft |
Source: John L Scott Real Estate #348700 Report a problem | ||
| 10/26/2012 | Price change | $965,150-3%$195/sqft |
Source: John L Scott Real Estate #348700 Report a problem | ||
| 10/5/2012 | Price change | $995,000-10.9%$201/sqft |
Source: John L Scott Real Estate #348700 Report a problem | ||
| 9/20/2012 | Price change | $1,116,375-3%$225/sqft |
Source: John L Scott Real Estate #348700 Report a problem | ||
| 9/12/2012 | Price change | $1,150,900-3%$232/sqft |
Source: John L Scott Real Estate #348700 Report a problem | ||
| 7/31/2012 | Price change | $1,186,475-3%$239/sqft |
Source: John L Scott Real Estate #348700 Report a problem | ||
| 7/17/2012 | Price change | $1,223,170-3%$247/sqft |
Source: John L Scott Real Estate #348700 Report a problem | ||
| 6/30/2012 | Price change | $1,261,000-3%$254/sqft |
Source: John L Scott Real Estate #348700 Report a problem | ||
| 6/14/2012 | Price change | $1,300,000-6.8%$262/sqft |
Source: John L Scott Real Estate #348700 Report a problem | ||
| 4/27/2012 | Listed for sale | $1,395,000+121.4%$281/sqft |
Source: John L Scott Real Estate #348700 Report a problem | ||
| 7/19/2004 | Sold | $630,000+65.4%$127/sqft |
Source: Public Record Report a problem | ||
| 4/6/2001 | Sold | $381,000$77/sqft |
Source: NWMLS as distributed by MLS GRID #21026169 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,204 +9.9% | $1,530,000 +7.6% |
| 2024 | $13,831 +0.2% | $1,422,000 +10.7% |
| 2023 | $13,804 +3.2% | $1,285,000 -7.3% |
| 2022 | $13,373 +7% | $1,386,000 +23.4% |
| 2021 | $12,495 +9.9% | $1,123,000 +17.2% |
| 2020 | $11,364 +4.3% | $958,000 +3.6% |
| 2019 | $10,898 +13.9% | $925,000 +10% |
| 2018 | $9,566 -11.4% | $841,000 +9.6% |
| 2017 | $10,795 +15% | $767,000 +3% |
| 2016 | $9,383 | $745,000 +6.4% |
| 2015 | $9,383 | $700,000 +7% |
| 2014 | $9,383 | $654,000 +9.9% |
| 2013 | $9,383 | $595,000 -15.2% |
| 2012 | -- | $702,000 -17.1% |
| 2011 | -- | $847,000 -24.5% |
| 2010 | -- | $1,122,000 |
| 2009 | -- | $1,122,000 +43.5% |
| 2007 | -- | $782,000 +59.3% |
| 2006 | -- | $491,000 +6.7% |
| 2005 | -- | $460,000 +13.3% |
| 2001 | $5,350 +3.5% | $406,000 +7.4% |
| 2000 | $5,167 | $378,000 |
Find assessor info on the county website
Monthly payment
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Payment breakdown
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Adelaide
Nearby schools
GreatSchools rating
- 4/10Adelaide Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 5/10Lakota Middle SchoolGrades: 6-8Distance: 1.2 mi
- 4/10Decatur High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Adelaide Elem
- Middle: Lakota Mid Sch
- High: Decatur High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Washington
- King County
- Federal Way
- 98023
- Adelaide
- 1240 SW 296th Street
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