Situated on two large secluded lots on a private lake, this is a rare opportunity to own a custom home in your very own natural wonderland! The serene setting is ideal for gardening, relaxation, play, or heading over to Dumas Bay Sanctuary which offers a short path to the Puget Sound. Your villa on the lake features a supremely functional floor plan with an updated kitchen connected to a den, perfect for socializing during gatherings. The sun-filled formal living room includes a fireplace and French doors that open to the Mediterranean style enclosed patio, ideal for outdoor summer dining, lounging etc... A spacious primary bedroom offers an en-suite bathroom, walk-in closet, fireplace and private balcony. The rear property line gazes upon a verdant woodland that buffers the Palisades Retreat Center. An Adjacent 17,959SF undeveloped lot is also available (sold separately). This is a one-of-a-kind property in a truly fantastic location. Near Twin Lakes Golf & Country Club, Dash Point State Park and more!
Sold
Listed by: COMPASS • Allie Howard
Bought with: COMPASS
$880,000
4425 SW 308th Street, Federal Way, WA 98023
3beds
2,310sqft
Single Family Residence
Built in 1970
1.14 Acres Lot
$889,400 Zestimate®
$381/sqft
$3,758 Estimated rent
Home value
$889,400
$845,000 - $934,000
$3,758/mo
Zestimate® history
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$5,406/mo
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List your homeWhat's special
Private balconyPrivate lakeUpdated kitchenMediterranean style enclosed patioSpacious primary bedroomWalk-in closetEn-suite bathroom
Zillow last checked:
Listing updated:
Offers reviewed: Jul 23
Listed by:
Allie Howard,
COMPASS
Bought with:
Emily Rossman, 20119860
COMPASS
Source: NWMLS as distributed by MLS GRID,MLS#: 2556688
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Second
Bathroom full
- Level: Second
Bathroom full
- Level: Second
Other
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Family room
- Level: Main
Kitchen without eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Radiant, Electric, Propane, Wood
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s), Water Heater: tank, Water Heater Location: garage and upstairs hall closet
Features
- Bath Off Primary, Dining Room
- Flooring: Ceramic Tile, Hardwood, See Remarks, Carpet
- Doors: French Doors
- Windows: Dbl Pane/Storm Window
- Basement: None
- Number of fireplaces: 4
- Fireplace features: Gas, Wood Burning, Main Level: 2, Upper Level: 2, Fireplace
Interior area
- Total structure area: 2,310
- Total interior livable area: 2,310 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Attached Garage
- Has attached garage: Yes
- Covered spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Fireplace, Fireplace (Primary Bedroom), French Doors, Walk-In Closet(s), Water Heater
- Has view: Yes
- View description: Lake, See Remarks, Territorial
- Has water view: Yes
- Water view: Lake
Lot
- Size: 1.14 Acres
- Features: Dead End Street, Open Lot, Secluded, Outbuildings, Patio, Propane
- Topography: Partial Slope
- Residential vegetation: Fruit Trees, Garden Space, Wooded
Details
- Parcel number: 2116000040
- Special conditions: Standard
- Other equipment: Leased Equipment: propane tank
Construction
Type & style
- Home type: SingleFamily
- Architectural style: See Remarks,2 Story
- Property subtype: Single Family Residence
Materials
- Brick, Stucco
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1970
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank, Company: Septic
- Water: Public, Company: Tacoma Public Utilities
Community & HOA
Community
- Subdivision: Dumas Bay
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $381/sqft
- Tax assessed value: $682,000
- Annual tax amount: $6,958
- Offers reviewed: 07/23/2026
- Date on market: 7/29/2026
- Cumulative days on market: 5 days
- Listing terms: Conventional
- Inclusions: Dishwasher(s), Dryer(s), Leased Equipment, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2026 | Sold | $880,000-0.8%$381/sqft |
Source:  NWMLS as distributed by MLS GRID #2556688 Report a problem | ||
| 7/21/2026 | Pending sale | $887,000$384/sqft |
Source: NWMLS as distributed by MLS GRID #2556688 Report a problem | ||
| 7/18/2026 | Listed for sale | $887,000+61.3%$384/sqft |
Source: NWMLS as distributed by MLS GRID #2556688 Report a problem | ||
| 11/29/2018 | Sold | $550,000+1.1%$238/sqft |
Source: NWMLS as distributed by MLS GRID #1344642 Report a problem | ||
| 9/10/2018 | Pending sale | $544,000$235/sqft |
Source: Better Properties Soundview #1344642 Report a problem | ||
| 9/4/2018 | Listed for sale | $544,000$235/sqft |
Source: Better Properties Soundview #1344642 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,950 +3.2% | $682,000 +0.4% |
| 2024 | $6,733 +0.5% | $679,000 +10.6% |
| 2023 | $6,702 +3.2% | $614,000 -7.4% |
| 2022 | $6,494 +7.1% | $663,000 +23.5% |
| 2021 | $6,064 +10% | $537,000 +17.2% |
| 2020 | $5,515 +4.7% | $458,000 +3.6% |
| 2019 | $5,267 +13.7% | $442,000 +10% |
| 2018 | $4,630 -11.3% | $402,000 +9.5% |
| 2017 | $5,220 +24.2% | $367,000 +11.6% |
| 2016 | $4,201 | $329,000 +6.5% |
| 2015 | $4,201 | $309,000 +6.9% |
| 2014 | $4,201 | $289,000 +9.9% |
| 2013 | $4,201 | $263,000 +28.9% |
| 2012 | -- | $204,000 -6.4% |
| 2011 | -- | $218,000 -16.2% |
| 2010 | -- | $260,000 |
| 2009 | -- | $260,000 -12.5% |
| 2007 | -- | $297,000 +5.3% |
| 2006 | -- | $282,000 +11% |
| 2005 | -- | $254,000 +24.5% |
| 2001 | $2,726 +3.4% | $204,000 +7.4% |
| 2000 | $2,637 | $190,000 |
Find assessor info on the county website
Neighborhood: Twin Lakes
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Nearby schools
GreatSchools rating
- 8/10Twin Lakes Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 5/10Lakota Middle SchoolGrades: 6-8Distance: 1.7 mi
- 4/10Decatur High SchoolGrades: 9-12Distance: 1.2 mi
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Estimated market value
$889,400
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Estimated market value
$889,400
- Washington
- King County
- Federal Way
- 98023
- Twin Lakes
- 4425 SW 308th Street
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