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.
Pending
Listed by: PRO RLTYSRVCS Eastside
Price cut: $35K (6/1)
$925,000
2605 S 304th Street, Federal Way, WA 98003
2beds
2,240sqft
Single Family Residence
Built in 1957
0.39 Acres Lot
$907,400 Zestimate®
$413/sqft
$-- HOA
What's special
Panoramic lake viewsOpen kitchen layoutLarge lake facing deckLarge deckWaterfront homeSpacious primary suiteLarge walk-in closet
- 49 days |
- 318 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
Toni Murray,
PRO RLTYSRVCS Eastside
Source: NWMLS as distributed by MLS GRID,MLS#: 2522215
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom three quarter
- Level: Main
Bathroom three quarter
- Level: Garage
Bonus room
- Level: Garage
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Wall Furnace, Electric
Cooling
- None
Appliances
- Included: Dishwasher, Microwave, Refrigerator, Stove(s)/Range(s), Dishwasher(s), Microwave(s), Refrigerator(s), Water Heater: Electric, Water Heater Location: Laundry Room
Features
- Bath Off Primary, Ceiling Fan(s)
- Flooring: Ceramic Tile, Hardwood
- Windows: Dbl Pane/Storm Window, Skylight(s)
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 2,240
- Total interior livable area: 2,240 sqft
Property
Parking
- Total spaces: 6
- Parking features: Detached Garage
- Has garage: Yes
- Covered spaces: 3
- Uncovered spaces: 3
Features
- Levels: One
- Stories: 1
- Patio & porch: Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Fireplace, Security System, Skylight(s), Sprinkler System, Walk-In Closet(s), Water Heater
- Has view: Yes
- View description: Lake, Territorial
- Has water view: Yes
- Water view: Lake
- Waterfront features: Low Bank, Lake
- Frontage length: Waterfront Ft: 50
Lot
- Size: 0.39 Acres
- Features: Open Lot, Paved, Cable TV, Deck, Dock, High Speed Internet, Shop, Sprinkler System
- Topography: Partial Slope
- Residential vegetation: Garden Space
Details
- Parcel number: 0921049078
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subtype: Single Family Residence
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Torch Down
Condition
- Year built: 1957
- Major remodel year: 1990
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: Lakehaven
- Water: Public, Company: Lakehaven
- Utilities for property: Xfinity
Community & HOA
Community
- Features: Park
- Security: Security System
- Subdivision: Steel Lake
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $413/sqft
- Tax assessed value: $836,000
- Annual tax amount: $8,297
- Date on market: 5/19/2026
- Cumulative days on market: 44 days
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s)
Estimated market value
$907,400
$862,000 - $953,000
$3,445/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/11/2026 | Pending sale | $925,000$413/sqft |
Source:  NWMLS as distributed by MLS GRID #2522215 Report a problem | ||
| 6/1/2026 | Price change | $925,000-3.6%$413/sqft |
Source: NWMLS as distributed by MLS GRID #2522215 Report a problem | ||
| 5/22/2026 | Price change | $960,000-2.5%$429/sqft |
Source: NWMLS as distributed by MLS GRID #2522215 Report a problem | ||
| 5/14/2026 | Listed for sale | $985,000+1307.1%$440/sqft |
Source: NWMLS as distributed by MLS GRID #2522215 Report a problem | ||
| 4/20/1990 | Sold | $70,000$31/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,298 +28.9% | $836,000 +27.8% |
| 2024 | $6,435 +3.9% | $654,000 +15.5% |
| 2023 | $6,194 -20.5% | $566,000 -29.2% |
| 2022 | $7,788 +12.9% | $799,000 +30.3% |
| 2021 | $6,898 +9.5% | $613,000 +16.8% |
| 2020 | $6,299 +5.2% | $525,000 +4.2% |
| 2019 | $5,989 +0.4% | $504,000 -3.3% |
| 2018 | $5,968 -10.1% | $521,000 +11.1% |
| 2017 | $6,641 +7.8% | $469,000 +8.6% |
| 2016 | $6,160 | $432,000 -4.2% |
| 2015 | $6,160 | $451,000 +5.6% |
| 2014 | $6,160 | $427,000 +18.6% |
| 2013 | $6,160 | $360,000 +5% |
| 2012 | -- | $343,000 -7% |
| 2011 | -- | $369,000 -1.6% |
| 2010 | -- | $375,000 |
| 2009 | -- | $375,000 +13.6% |
| 2007 | -- | $330,000 +16.2% |
| 2006 | -- | $284,000 +0.7% |
| 2005 | -- | $282,000 +28.2% |
| 2001 | $2,934 +0.5% | $220,000 +4.3% |
| 2000 | $2,920 | $211,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
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: Steel Lake
Nearby schools
GreatSchools rating
- 5/10Wildwood Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 5/10Sacajawea Middle SchoolGrades: 6-8Distance: 0.9 mi
- 3/10Federal Way Senior High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Wildwood Elem
- Middle: Sacajawea Jnr High
- High: Federal Way Snr 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
- 98003
- Steel Lake
- 2605 S 304th Street
Nearby cities
Nearby neighborhoods
Nearby zip codes
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