2221 SW 306th Pl PL, Federal Way, WA 98023 (MLS # 2561710)
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Listing provided courtesy of Northwest MLS; Orchard Brokerage, LLC
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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.
| LAST UPDATED | 8/1/2026 | TRACT | Federal Way |
|---|---|---|---|
| YEAR BUILT | 1976 | COMMUNITY | Federal Way |
| COUNTY | King | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Adelaide Elem |
|---|---|
| Jr. High School | Lakota Mid Sch |
| High School | Decatur High |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), None |
|---|---|
| APPLIANCES | Dishwasher, Microwave, Refrigerator |
| AREA | 110 - Dash Point/Federal Way |
| BASEMENT | Finished, Yes |
| CONSTRUCTION | Wood Siding |
| FIREPLACE | Yes |
| GARAGE | Attached Garage, Yes |
| HEAT | Electric, Forced Air |
| INTERIOR | Ceiling Fan(s), Dining Room, Fireplace, Vaulted Ceiling(s) |
| LOT | 10149 sq ft |
| LOT DESCRIPTION | Curbs, Paved, Sidewalk |
| MLS STATUS | Active |
| PARKING | Attached |
| STORIES | 3+ |
| STYLE | 13 - Tri-Level |
| SUBDIVISION | Federal Way |
| TAXES | 5657.04 |
| UTILITIES | Cable Available, Sewer Available |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 8/1/26 11:14 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. 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.
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