2221 SW 306th Pl
Federal Way, WA 98023
Sold
$440,000
Listed: $520,000
▼ $80,000 below asking
Sale date: Aug 13, 2026
MLS# NWM2561710
3
Bedrooms
2.5
Bathrooms
1,910
Sq Ft
0.233
Acres
49
Days on Market
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.
Listing Updated: Aug 20, 2026, 9:31 PM UTC
Photos Updated: Aug 2, 2026
OnSite last checked: Sep 18, 2026, 2:39 AM UTC|Source: NWMLS as Distributed by MLS Grid #NWM2561710
Listing provided courtesy of Northwest MLS. Information contained herein is derived from different sources but has not been independently verified by OnSite Real Estate Group, MLS Grid, or the MLS, and should be verified by the buyer. Open house information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office or agent presenting the information.
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Listed By
Bought With
Ian M. McRae
COMPASS
Questions? Contact OnSite
André Bohall
WA Lic. #25031564 · OnSite Real Estate Group
Listing data provided by NWMLS as distributed by MLS Grid. Data last refreshed: Sep 18, 2026, 2:39 AM UTC.
Based on information submitted to the MLS Grid as of Fri, Sep 18, 2026. All data is obtained from various sources and may not have been verified by broker or MLS Grid. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers' personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.
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