Listed by Angelina Lim • Skyline Properties, Inc. Bought with John L. Scott, Inc.

Off market may 2022 for $2.1M

$2,459,957

•

5,025

sq ft

702 SW 294th St, Federal Way, WA 98023

About this home

Welcome to a magnificent waterfront home in Redondo Beach . Luxury home situated in a private setting & on over an acre. It has spectacular views of Olympic mountains, Puget Sound, & stunning garden. These spectacular views can be seen from almost every room . Updated features include granite countertops & backsplash, kitchen island, & all bathrooms. The main floor has a great open floor plan with spacious kitchen & hardwood floors, formal living & dining rm, & office. Upper floor with 2 bdrms & a primary suite with 5 piece bath & fireplace. A bedrm & a huge recreation rm in the basement. Beautiful wrap-around balcony with coil spiral stairs to garden, fountain, & children play area. Stunning home has the best views of Northwest living.

Single-familyProperty Type

1991Year Built

1.17 acresLot Size

$490Est. Price/Sq.Ft.

3 car garageParking

Listed by Angelina Lim • Skyline Properties, Inc.

Bought with Pete Maragh • John L. Scott, Inc.

Redfin checked: 3 minutes ago

•Source:NWMLS as Distributed by MLS Grid #1767721

Redfin Estimate

$2,459,957

$275K since sold in May 2022$27K since September

Recently sold homes
Estimate history

This home's estimate is 102.6% higher than the average sale price ($1.21M) of 6 comparable homes.

SOLD SEP 28, 2026
$1,250,000
A
4 beds3.5 baths2,570 sq ft
921 SW 296th St, Federal Way, WA 98023
Listing provided by nwmls
SOLD AUG 6, 2026
$1,725,000
B
6 beds5 baths4,962 sq ft
1240 SW 296th St, Federal Way, WA 98023
Listing provided by nwmls
SOLD JUN 18, 2026
$960,000
C
5 beds3 baths3,820 sq ft
29646 2nd Ave SW, Federal Way, WA 98023
Listing provided by nwmls
SOLD OCT 9, 2026
$950,000
D
4 beds4 baths3,970 sq ft
29015 15th Pl S, Federal Way, WA 98003
Listing provided by nwmls
SOLD JUN 12, 2026
$1,100,000
E
4 beds3.5 baths3,880 sq ft
911 S 294th Pl, Federal Way, WA 98003
Listing provided by nwmls
SOLD SEP 18, 2026
$1,300,000
F
4 beds2.5 baths3,010 sq ft
824 S Marine Hills Way, Federal Way, WA 98003
Listing provided by nwmls

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Earn from this home

Sell

$681,322

Est. take-home

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Rent

$5,054/mo

Redfin rental estimate

List your home for rent

Market trends in 98023, WA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.2%

0.1% MoM

Median sale price

$625K

$4K MoM

Avg. days on market

24d

6 days MoM

Recently sold homes

130

4 MoM

New listings for sale

NEW
$309,950
1 bed1 bath674 sq ft
33020 10th Ave SW Unit W104, Federal Way, WA 98023
Stu Collins • John L. Scott, Inc.
NEW
$699,950
6 beds3.5 baths3,420 sq ft
1421 SW 304th St, Federal Way, WA 98023
Brittany Haun • COMPASS
NEW
$675,000
4 beds2.5 baths2,190 sq ft
811 SW 328th Ct, Federal Way, WA 98023
Rhonda Bleck • HomeSmart Real Estate Assoc
COMING SOON
$689,000
3 beds2.5 baths1,900 sq ft
2723 SW 349th Pl, Federal Way, WA 98023
Christopher Floyd • Morrison House Sotheby's Intl
COMING SOON
$725,000
4 beds2.5 baths2,114 sq ft
181 SW 311th Pl, Federal Way, WA 98023
Michelle Le • Real Broker LLC
OPEN SAT, 1PM TO 3PM
$744,900
4 beds2.5 baths2,650 sq ft
709 SW 323rd St, Federal Way, WA 98023
Heather Heinzen • Coldwell Banker Danforth
OPEN SAT, 12PM TO 2PM
$639,950
4 beds3 baths1,970 sq ft
2841 SW 342nd St, Federal Way, WA 98023
Bryce Ancheta • BHGRE - Northwest Home Team
EARLY ACCESS
$398,800
3 beds2 baths1,219 sq ft
1018 SW 312th St #531, Federal Way, WA 98023
$225,000
3 beds1.5 baths993 sq ft
32110 45th Pl SW Unit B-4, Federal Way, WA 98023
Stanley Yeadon • Better Properties Kitsap
OPEN TODAY, 2PM TO 5PM
$749,900
4 beds2.5 baths2,910 sq ft
209 SW 331st Pl, Federal Way, WA 98023
Sun Kim • Century 21 Real Estate Center
See all

Provided by Redfin

Sale history for 702 SW 294th St

Date

Event

Price

May 27, 2022

Sold (MLS) (Closed)

NWMLS as Distributed by MLS Grid #1767721

$2,185,000

$435/sq ft

Feb 20, 2022

Pending

NWMLS as Distributed by MLS Grid #1767721

—

Jan 11, 2022

Relisted (Active)

NWMLS as Distributed by MLS Grid #1767721

—

Dec 21, 2021

Pending

NWMLS as Distributed by MLS Grid #1767721

—

Jul 9, 2021

Price Changed

NWMLS as Distributed by MLS Grid #1767721

$2,185,000

$435/sq ft

May 11, 2021

Listed (Active)

NWMLS as Distributed by MLS Grid #1767721

$2,300,000

$458/sq ft

Mar 1, 2005

Sold (MLS) (Closed)

NWMLS as Distributed by MLS Grid #24081151

$1,175,000

$234/sq ft

Feb 1, 2005

Delisted

NWMLS as Distributed by MLS Grid #24081151

—

Jun 11, 2004

Listed

NWMLS as Distributed by MLS Grid #24081151

$1,250,000

$249/sq ft

Sep 28, 1999

Sold

Public Records

$915,000

$182/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$24,016 (+5.8%)

$874,000 + $1,588,000

$2,462,000

2025

$22,691 (−1.1%)

$874,000 + $1,588,000

$2,462,000

2024

$22,939 (+3.2%)

$657,000 + $1,720,000

$2,377,000

2023

$22,221 (+6.0%)

$595,000 + $1,553,000

$2,148,000

2022

$20,957 (+17.0%)

$606,000 + $1,710,000

$2,316,000

2021

$17,916 (+11.4%)

$551,000 + $1,343,000

$1,894,000

2020

$16,087 (+2.1%)

$506,000 + $1,012,000

$1,518,000

2019

$15,761 (−11.4%)

$435,000 + $957,000

$1,392,000

2018

$17,791 (+3.1%)

$435,000 + $957,000

$1,392,000

2017

$17,264 (+1.9%)

$407,000 + $862,000

$1,269,000

2016

$16,935 (+9.7%)

$407,000 + $825,000

$1,232,000

2015

$15,444 (+6.8%)

$378,000 + $779,000

$1,157,000

2014

$14,464 (−5.0%)

$352,000 + $729,000

$1,081,000

2013

$15,226 (−2.1%)

$336,000 + $577,000

$913,000

2012

$15,554 (−10.2%)

$348,000 + $590,000

$938,000

2011

$17,313 (+3.3%)

$453,000 + $697,000

$1,150,000

2010

$16,756 (−5.2%)

$400,000 + $755,000

$1,155,000

2009

$17,677

$453,000 + $1,182,000

$1,635,000

Tax history for 702 SW 294th St

Year

Property tax

Land + Additions

Assessment*

2026

$24,016 (+5.8%)

$874,000 + $1,588,000

$2,462,000

2025

$22,691 (−1.1%)

$874,000 + $1,588,000

$2,462,000

2024

$22,939 (+3.2%)

$657,000 + $1,720,000

$2,377,000

2023

$22,221 (+6.0%)

$595,000 + $1,553,000

$2,148,000

2022

$20,957 (+17.0%)

$606,000 + $1,710,000

$2,316,000

2021

$17,916 (+11.4%)

$551,000 + $1,343,000

$1,894,000

2020

$16,087 (+2.1%)

$506,000 + $1,012,000

$1,518,000

2019

$15,761 (−11.4%)

$435,000 + $957,000

$1,392,000

2018

$17,791 (+3.1%)

$435,000 + $957,000

$1,392,000

2017

$17,264 (+1.9%)

$407,000 + $862,000

$1,269,000

2016

$16,935 (+9.7%)

$407,000 + $825,000

$1,232,000

2015

$15,444 (+6.8%)

$378,000 + $779,000

$1,157,000

2014

$14,464 (−5.0%)

$352,000 + $729,000

$1,081,000

2013

$15,226 (−2.1%)

$336,000 + $577,000

$913,000

2012

$15,554 (−10.2%)

$348,000 + $590,000

$938,000

2011

$17,313 (+3.3%)

$453,000 + $697,000

$1,150,000

2010

$16,756 (−5.2%)

$400,000 + $755,000

$1,155,000

2009

$17,677

$453,000 + $1,182,000

$1,635,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

3.5

Stories

Lot width

—

Lot depth

—

Lot size

1.53 Acres

Year renovated

—

Sq. Ft.

5,610

Year built

1991

Style

Single Family Residential

County

King County

APN

119600 0325

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 4, 2026.

Property details

Parking

Parking Information
Covered Spaces: 3
Parking Features: RV Parking, Driveway, Attached Garage
Garage Spaces: 3
Has Attached Garage
Has Garage

Interior

Virtual Tour

Bedroom Information
# of Bedrooms: 5
# of Beds Upper: 3
# of Beds Lower: 2
Bedrooms Possible: 5

Bathroom Information
# of Full Baths (Total): 3
# of Half Baths (Total): 1
# of Full Baths (Upper): 1
# of Full Baths (Main): 1
# of Full Baths (Lower): 1
# of Half Baths (Main): 1

Basement Information
Basement Features: Daylight

Fireplace Information
Has Fireplace
# of Fireplaces: 3
# of Fireplaces Upper: 1
# of Fireplaces Main: 1
# of Fireplaces Lower: 1

Interior Features
Interior Features: Forced Air, Ceramic Tile, Hardwood, Wall to Wall Carpet, Built-In Vacuum, Dining Room, French Doors, High Tech Cabling, Jetted Tub, Security System, Vaulted Ceiling(s), Walk-In Pantry, Walk-in Closet(s), Fireplace, Water Heater
Appliances: Double Oven, Dryer, Washer
Flooring: Ceramic Tile, Granite, Hardwood, Carpet
Appliances Included: Dishwasher,Double Oven,Dryer,Garbage Disposal,Microwave,Refrigerator,StoveRange,Washer

Exterior

Building Information
Building Information: Built On Lot
Roof: Tile

Exterior Features
Exterior Features: Stucco

Waterfront Information
On Waterfront
Waterfront Features: Bank-High, Saltwater, Sound

Property Information
Energy Source: Electric,Natural Gas
Sq. Ft. Finished: 5,025
Style Code: 18 - 2 Stories w/Bsmnt
Property Type: Residential
Property Sub Type: Single Family Residence
Property Condition: Good
Has View

Land Information
Vegetation: Brush, Garden Space

Lot Information
MLS Lot Size Source: 1.165
Site Features: Cable TV,Deck,Fenced-Partially,Gas Available,High Speed Internet,Patio,RV Parking,Sprinkler System
Zoning Jurisdiction: City
Lot Features: Dead End Street, Open Space, Paved, Secluded
Lot Size Units: Square Feet
Lot Size Acres: 1.1651
Elevation Units: Feet

Financial

Tax Information
Tax Annual Amount: $16,087
Tax Year: 2020

Financial Information
Listing Terms: Cash Out, Conventional, FHA
Buyer Financing: Conventional

Utilities

Utility Information
Water Source: Public
Water Company: Lakehaven
Power Company: Puget Sound Energy
Sewer: Sewer Connected
Sewer Company: Lakehaven
Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
Water Heater Location: Basement
Water Heater Type: Rheem

Location

Multi-Unit Information
Furnished: Unfurnished

School Information
Elementary School: Adelaide Elem
Middle Or Junior High School: Lakota Mid Sch
High School: Federal Way Snr High
High School District: Federal Way

Location Information
Bus Line Nearby: false
Directions: From I-5 N or S, exit S 320th St. Turn North on 1st Ave & make a left turn on 292nd St. Follow SW 292nd St & it will turn to SW 294th St. Make a right turn on 7th Ave SW. First home on the left.
Topography: Level,PartialSlope,Sloped,Terraces

Community Information
Senior Exemption: false

Public facts

Beds: 5
Baths: 3.5
Sq. Ft.: 5,610
Stories: 2.0
Lot Size: 1.53 acres
Style: Single Family Residential
Year Built: 1991
Year Renovated: —
County: King County
APN: 119600 0325

Home facts updated by county records on Sep 4, 2026

Other

Listing Information
Mls Status: Sold

Listing Date Information
On Market Date: Tuesday, May 11, 2021

Green Information
Power Production Type: Electric, Natural Gas

Home Information
Living Area: 5,025
Living Area Units: Square Feet
Calculated Square Footage: 5025
MLS Square Footage Source: 5025
Building Area Total: 5025
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Year Built Effective: 1991
Effective Year Built Source: Public Records
Structure Type: House
Levels: Two

Around this home

Schools

Adelaide Elementary School

Public PreK-5 • Assigned • 0.9mi

4/10

Lakota Middle School

Public 6-8 • Assigned • 1.4mi

5/10

Federal Way Senior High School

Public 9-12 • Assigned • 1.6mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 87° expected this year, 15 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

7/10 Air Factor

10 unhealthy days expected this year, 11 days in 30 years

Provided by First Street

Historical weather

Federal Way, WA • 98023

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.8 hours in June and 1.7 hours in December, placing it below the U.S. average for solar exposure.

8.8 hrs

1.7 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$2.34M – $2.83M

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Nearby similar homes

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New listings for sale in 98023

NEW

$309,950

1 bed1 bath674 sq ft

33020 10th Ave SW Unit W104, Federal Way, WA 98023

Listing provided by NWMLS as Distributed by MLS Grid

NEW

$699,950

6 beds3.5 baths3,420 sq ft

1421 SW 304th St, Federal Way, WA 98023

Listing provided by NWMLS as Distributed by MLS Grid

NEW3D WALKTHROUGH

$675,000

4 beds2.5 baths2,190 sq ft

811 SW 328th Ct, Federal Way, WA 98023

Listing provided by NWMLS as Distributed by MLS Grid

COMING SOON

$689,000

3 beds2.5 baths1,900 sq ft

2723 SW 349th Pl, Federal Way, WA 98023

Listing provided by NWMLS as Distributed by MLS Grid

COMING SOON

$725,000

4 beds2.5 baths2,114 sq ft

181 SW 311th Pl, Federal Way, WA 98023

Listing provided by NWMLS as Distributed by MLS Grid

OPEN SAT, 1PM TO 3PM3D WALKTHROUGH

$744,900

4 beds2.5 baths2,650 sq ft

709 SW 323rd St, Federal Way, WA 98023

Listing provided by NWMLS as Distributed by MLS Grid

OPEN SAT, 12PM TO 2PM

$639,950

4 beds3 baths1,970 sq ft

2841 SW 342nd St, Federal Way, WA 98023

Listing provided by NWMLS as Distributed by MLS Grid

EARLY ACCESSCOMPASS COMING SOON

$398,800

3 beds2 baths1,219 sq ft

1018 SW 312th St #531, Federal Way, WA 98023

$225,000

3 beds1.5 baths993 sq ft

32110 45th Pl SW Unit B-4, Federal Way, WA 98023

Listing provided by NWMLS as Distributed by MLS Grid

Home values near 702 SW 294th St

Data from public records.

Address	Redfin Estimate
718 Southwest 294th St, Federal Way, WA 3 Beds \| 2.5 Baths \| 3470 Sq. Ft.	$2,400,793
638 Southwest 294th St, Federal Way, WA 4 Beds \| 3 Baths \| 3480 Sq. Ft.	$1,001,932

Address	Redfin Estimate
622 Southwest 294th St, Federal Way, WA 3 Beds \| 3.5 Baths \| 1984 Sq. Ft.	$846,868
710 Southwest 294th St, Federal Way, WA 3 Beds \| 3 Baths \| 4736 Sq. Ft.	$2,195,604

Address	Redfin Estimate
628 Southwest 294th St, Federal Way, WA 3 Beds \| 3.5 Baths \| 2193 Sq. Ft.	$965,500
616 Southwest 294th St, Federal Way, WA 3 Beds \| 3 Baths \| 1966 Sq. Ft.	$736,630

Property information provided by NWMLS as Distributed by MLS Grid when last listed in 2021. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 98023, WA

Sale history for 702 SW 294th St

Tax history for 702 SW 294th St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 98023

Home values near 702 SW 294th St

More real estate resources