Welcome to this charming 2 bedroom, 1.75 bathroom one-story home! Situated on a large, flat corner lot with excellent parking and yard access. Enjoy spacious living and dining areas, an updated open kitchen with quartz counters, breakfast bar, bright, new cabinetry, updated electrical, generator hook-up and dedicated laundry room. Lateral backyard access offers room for RV, boat or parking multiple vehicles! Versatile utility room can serve as the perfect home office, den, pantry or potential third bedroom! The spacious yard is fully-fenced and includes 2 large storage sheds, a treehouse and plenty of space to entertain. The oversized driveway can easily fit 6 cars! Ideal location near schools, parks, shops, restaurants, freeway access and Redondo Beach.
Pending - backup offer requested
Listed by: KW Lake Washington So
Price cut: $14K (2/17)
$525,000
505 SW 305th Place, Federal Way, WA 98023
2beds
1,100sqft
Est.:
Single Family Residence
Built in 1960
8,498.56 Square Feet Lot
$-- Zestimate®
$477/sqft
$-- HOA
What's special
Lateral backyard accessLarge flat corner lotBreakfast barUpdated electricalBright new cabinetryGenerator hook-upDedicated laundry room
- 102 days |
- 785 |
- 40 |
Zillow last checked: 7 hours ago
Listing updated: March 06, 2026 at 01:32pm
Listed by:
David P. Huynh,
KW Lake Washington So
Source: NWMLS as distributed by MLS GRID,MLS#: 2459200
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom three quarter
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Forced Air, Electric, Natural Gas
Cooling
- None
Appliances
- Included: Dishwasher(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Water Heater: Gas, Water Heater Location: Closet
Features
- Bath Off Primary, Dining Room, High Tech Cabling
- Flooring: Laminate, Vinyl
- Windows: Dbl Pane/Storm Window
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 1,100
- Total interior livable area: 1,100 sqft
Property
Parking
- Parking features: Driveway, Off Street, RV Parking
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Bath Off Primary, Dbl Pane/Storm Window, Dining Room, High Tech Cabling, Walk-In Closet(s), Water Heater, Wired for Generator
- Has view: Yes
- View description: Territorial
Lot
- Size: 8,498.56 Square Feet
- Features: Corner Lot, Paved, Cable TV, Fenced-Fully, High Speed Internet, Outbuildings, Patio, RV Parking
- Topography: Level
- Residential vegetation: Garden Space
Details
- Parcel number: 1788900180
- Zoning: City
- Special conditions: Standard
- Other equipment: Wired for Generator
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1960
- Major remodel year: 1960
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank, Company: Septic
- Water: Public, Company: Lake Haven
Community & HOA
Community
- Subdivision: Federal Way
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $477/sqft
- Tax assessed value: $428,000
- Annual tax amount: $4,317
- Date on market: 12/5/2025
- Cumulative days on market: 104 days
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s)
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/6/2026 | Pending sale | $525,000$477/sqft |
Source:  NWMLS as distributed by MLS GRID #2459200 Report a problem | ||
| 2/17/2026 | Price change | $525,000-2.6%$477/sqft |
Source: NWMLS as distributed by MLS GRID #2459200 Report a problem | ||
| 1/2/2026 | Price change | $539,000-2%$490/sqft |
Source: NWMLS as distributed by MLS GRID #2459200 Report a problem | ||
| 12/6/2025 | Listed for sale | $549,950+50.4%$500/sqft |
Source: NWMLS as distributed by MLS GRID #2459200 Report a problem | ||
| 9/23/2025 | Sold | $365,620+6%$332/sqft |
Source: Public Record Report a problem | ||
| 6/24/2020 | Sold | $345,000+9.5%$314/sqft |
Source: NWMLS as distributed by MLS GRID #1581206 Report a problem | ||
| 5/21/2020 | Pending sale | $315,000$286/sqft |
Source: Keller Williams Realty PS #1581206 Report a problem | ||
| 5/18/2020 | Price change | $315,000+1.6%$286/sqft |
Source: Keller Williams Realty PS #1581206 Report a problem | ||
| 3/24/2020 | Pending sale | $310,000$282/sqft |
Source: Keller Williams Realty PS #1581206 Report a problem | ||
| 3/20/2020 | Listed for sale | $310,000+148.1%$282/sqft |
Source: Keller Williams Realty PS #1581206 Report a problem | ||
| 9/30/1999 | Sold | $124,950$114/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,317 +0.2% | $428,000 +10.3% |
| 2023 | $4,309 +2.8% | $388,000 -7.8% |
| 2022 | $4,192 +9.3% | $421,000 +26% |
| 2021 | $3,836 +24.5% | $334,000 +33.6% |
| 2020 | $3,082 +8.9% | $250,000 +7.3% |
| 2019 | $2,829 +8.1% | $233,000 +4.5% |
| 2018 | $2,618 -8.6% | $223,000 +12.6% |
| 2017 | $2,864 +30.2% | $198,000 +17.9% |
| 2016 | $2,200 | $168,000 +7.7% |
| 2015 | $2,200 | $156,000 +5.4% |
| 2014 | $2,200 | $148,000 +11.3% |
| 2013 | $2,200 | $133,000 +4.7% |
| 2012 | -- | $127,000 -18.1% |
| 2011 | -- | $155,000 -12.9% |
| 2010 | -- | $178,000 |
| 2009 | -- | $178,000 +1.7% |
| 2007 | -- | $175,000 +7.4% |
| 2006 | -- | $163,000 +7.9% |
| 2005 | -- | $151,000 +28% |
| 2001 | $1,609 +8.7% | $118,000 +13.5% |
| 2000 | $1,480 | $104,000 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,902/mo
Principal & interest
$2543
Property taxes
$359
More affordability tools
Climate risks
Neighborhood: Mirror Lake
Nearby schools
GreatSchools rating
- 3/10Lake Grove Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 4/10Lakota Middle SchoolGrades: 6-8Distance: 0.8 mi
- 3/10Federal Way Senior High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Lake Grove 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.
Local experts in 98023
- Washington
- King County
- Federal Way
- 98023
- Mirror Lake
- 505 SW 305th Place
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