Industrial sophistication meets California–coastal ease w/ this striking low-bank Redondo waterfront home. Architecturally reimagined for clean aesthetics & everyday practicality, the interior—evocative of Olson Kundig—pairs steel, concrete, wood & glass to blend quiet drama w/ relaxed comfort: a true Pacific Northwest retreat. Generously scaled, open rooms, vaulted ceilings, & a custom staircase create an ideal fusion of urban edge & sea rejuvenation. Step out to layered decks & patios to breathe in the salt air & listen to gentle waves roll across your private shoreline—a seamless indoor–outdoor connection. The upper level unfolds as a playful, private primary loft suite, offering treehouse-like serenity & comfort. Exceptionally versatile, the home can live as one residence or two, w/ the lower-level functioning as separate MIL quarters & potential short-term/income-producing rental. Outside, the grounds cascade to the water’s edge in layered gardens & intimate sanctuaries. A concrete pad at the shoreline is perfect for launching kayaks & paddleboards; anchor your boat before you & explore the islands across the bay. From beach walks to sunset paddles, Puget Sound is truly your backyard playground. Conveniently located, the property offers easy access to Light Rail, public transit to downtown Seattle, major freeways, & Sea-Tac International Airport. Whether a weekend pied-à-terre or primary residence, this home delivers a rare blend of design, lifestyle, & flexibility.
Sold
Listed by: Windermere RE Magnolia
Bought with: Windermere Real Estate/East
$1,295,000
306 SW 292nd Street, Federal Way, WA 98023
2beds
2,085sqft
Single Family Residence
Built in 1975
5,523.41 Square Feet Lot
$1,289,300 Zestimate®
$621/sqft
$3,320 Estimated rent
Home value
$1,289,300
$1.20M - $1.39M
$3,320/mo
Zestimate® history
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List your homeWhat's special
Private shorelineIndustrial sophisticationLayered decks and patiosVaulted ceilingsCustom staircaseGenerously scaled open roomsTreehouse-like serenity and comfort
Zillow last checked:
Listing updated:
Offers reviewed: Apr 21
Listed by:
Veronique Hval,
Windermere RE Magnolia,
Angie Hall,
Windermere West Metro
Bought with:
Rob Ottosen, 3482
Windermere Real Estate/East
Source: NWMLS as distributed by MLS GRID,MLS#: 2504293
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Second
Bedroom
- Level: Lower
Bathroom full
- Level: Lower
Bathroom three quarter
- Level: Second
Other
- Level: Main
Den office
- Level: Main
Entry hall
- Level: Main
Family room
- Level: Lower
Kitchen with eating space
- Level: Main
Kitchen with eating space
- Level: Lower
Living room
- Level: Main
Utility room
- Level: Lower
Utility room
- Level: Lower
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Dishwasher, Disposal, Dryer, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Washer(s), Water Heater: Gas
Features
- Bath Off Primary
- Flooring: Ceramic Tile, Concrete, Engineered Hardwood
- Windows: Dbl Pane/Storm Window, Skylight(s)
- Basement: Daylight,Finished
- Has fireplace: No
Interior area
- Total structure area: 2,085
- Total interior livable area: 2,085 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Off Street
- Uncovered spaces: 2
Features
- Levels: One and One Half
- Stories: 1
- Entry location: Main
- Patio & porch: Second Kitchen, Bath Off Primary, Dbl Pane/Storm Window, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
- Has view: Yes
- View description: Bay, Islands, Mountain(s), Sea, See Remarks, Sound
- Has water view: Yes
- Water view: Bay,Sea,Sound
- Waterfront features: Medium Bank, Bulkhead, Saltwater, Sea, Sound
- Frontage length: Waterfront Ft: 25
Lot
- Size: 5,523 sqft
- Features: Dead End Street, Paved, Cable TV, Deck, Dog Run, Fenced-Partially, High Speed Internet, Moorage, Patio
- Topography: Level,Terraces
Details
- Parcel number: 1196000215
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: See Remarks,1 1/2 Stry w/Bsmt
- Property subtype: Single Family Residence
Materials
- Cement Planked, Cement Plank
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Very Good
- Year built: 1975
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: Lakehaven
- Water: Public, Company: Lakehaven
Community & neighborhood
Location
- Region: Federal Way
- Subdivision: Redondo
Other
Other facts
- Listing terms: Conventional
- Cumulative days on market: 6 days
Price history
| Date | Event | Price |
|---|---|---|
| 5/22/2026 | Sold | $1,295,000$621/sqft |
Source:  NWMLS as distributed by MLS GRID #2504293 Report a problem | ||
| 4/22/2026 | Pending sale | $1,295,000$621/sqft |
Source: NWMLS as distributed by MLS GRID #2504293 Report a problem | ||
| 4/16/2026 | Listed for sale | $1,295,000+52.5%$621/sqft |
Source: NWMLS as distributed by MLS GRID #2504293 Report a problem | ||
| 8/11/2018 | Listing removed | $849,000$407/sqft |
Source: Better Properties N. Proctor #1315607 Report a problem | ||
| 8/11/2018 | Listed for sale | $849,000-1.3%$407/sqft |
Source: Better Properties N. Proctor #1315607 Report a problem | ||
| 8/10/2018 | Sold | $860,000+1.3%$412/sqft |
Source: NWMLS as distributed by MLS GRID #1315607 Report a problem | ||
| 6/26/2018 | Pending sale | $849,000$407/sqft |
Source: Better Properties N. Proctor #1315607 Report a problem | ||
| 6/23/2018 | Listed for sale | $849,000+78.4%$407/sqft |
Source: Better Properties N. Proctor #1315607 Report a problem | ||
| 1/24/2002 | Sold | $476,000-0.8%$228/sqft |
Source: NWMLS as distributed by MLS GRID #21144525 Report a problem | ||
| 7/28/2000 | Sold | $480,000+77.8%$230/sqft |
Source: Public Record Report a problem | ||
| 5/30/1997 | Sold | $269,900$129/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,187 +8.6% | $1,145,000 +6.5% |
| 2024 | $10,302 -1.8% | $1,075,000 +10.6% |
| 2023 | $10,491 +3.2% | $972,000 -7.3% |
| 2022 | $10,166 +6% | $1,049,000 +22.3% |
| 2021 | $9,587 +9.9% | $858,000 +17.2% |
| 2020 | $8,720 +11.5% | $732,000 +10.7% |
| 2019 | $7,820 +9.6% | $661,000 +5.8% |
| 2018 | $7,137 -11.3% | $625,000 +9.6% |
| 2017 | $8,049 +30.4% | $570,000 +11.5% |
| 2016 | $6,174 | $511,000 +11.6% |
| 2015 | $6,174 | $458,000 +7% |
| 2014 | $6,174 | $428,000 +18.2% |
| 2013 | $6,174 | $362,000 -12.6% |
| 2012 | -- | $414,000 -6.3% |
| 2011 | -- | $442,000 -16% |
| 2010 | -- | $526,000 |
| 2009 | -- | $526,000 +6.3% |
| 2007 | -- | $495,000 +5.3% |
| 2006 | -- | $470,000 +6.8% |
| 2005 | -- | $440,000 +54.4% |
| 2001 | $3,778 +3.6% | $285,000 +7.5% |
| 2000 | $3,646 | $265,000 |
Find assessor info on the county website
Neighborhood: Buenna
Nearby schools
GreatSchools rating
- 4/10Adelaide Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 5/10Lakota Middle SchoolGrades: 6-8Distance: 1.6 mi
- 3/10Federal Way Senior High SchoolGrades: 9-12Distance: 1.4 mi
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Estimated market value
$1,289,300
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Estimated market value
$1,289,300
- Washington
- King County
- Federal Way
- 98023
- Buenna
- 306 SW 292nd Street
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