Federal Way Homes under $300,000

Welcome to Federal Way, Washington—a vibrant community nestled in the heart of King County, where urban convenience meets the tranquility of nature. This charming city is perfectly positioned between Seattle and Tacoma, making it an ideal location for those seeking a balanced lifestyle. Federal Way boasts a rich tapestry of parks, schools, and cultural attractions, making it a desirable destination for families, professionals, and retirees alike.

One of the standout features of Federal Way is its diverse range of homes available under $300,000. This affordability opens the door for first-time homebuyers, investors, and those looking to downsize. You can find charming single-family homes, cozy townhouses, and well-maintained condos—all offering potential for customization and personal touches. Many of these properties are located in friendly neighborhoods with easy access to local amenities, schools, and public transportation.

Residents of Federal Way enjoy a plethora of recreational opportunities. With over 800 acres of parks, including the stunning Dash Point State Park, outdoor enthusiasts can revel in hiking, biking, and exploring scenic waterfronts. The city is also home to the popular Wild Waves Theme & Water Park, providing fun for the whole family during the summer months.

In addition to its natural beauty, Federal Way features a growing array of shopping, dining, and entertainment options. Whether you’re in the mood for a cozy café, a bustling shopping center, or a local farmer's market, you’ll find it all within reach.

Discover the charm of Federal Way—where affordable living meets a vibrant community lifestyle. Your dream home awaits!

Newest Federal Way Homes under $300,000

31003 14th Avenue S Unit #G8, Federal Way

$174,990

1 Beds ⋅ 1 Baths ⋅ 2590803 MLS ⋅ ACTIVE Status

Stunning ground-floor, one-bedroom, one-bath remodel with beautiful lake views and abundant natural light. Open-concept living features new flooring, fresh paint, and a brand-new kitchen with quartz countertops and stainless-steel appliances. The beautifully updated bathroom showcases custom tile work, while a new ventless washer and dryer add everyday convenience. Acoustic insulation installed behind the walls helps reduce sound transfer for added comfort and privacy. Just steps from the clubhouse, fitness center, sauna, and outdoor pool, with easy access to freeways, shopping, and light rail station.

31003 14th Avenue S Unit #G8, Federal Way

Listing Broker: Dupont Realty & Property Mgmt; Stewart McCullum; 253-549-5323; stew9999@icloud.com

2101 S 324th Street Unit #19, Federal Way

$299,000

2 Beds ⋅ 2 Baths ⋅ 2589315 MLS ⋅ ACTIVE Status

Belmor Park is waiting for you! This beautifully maintained 55+ community features a 9-hole golf course, an indoor pool, dog park, and a small gym. This new home features a cozy, but open layout. There are 2 bedrooms, 2 bathrooms and a den you can turn into an office or another little living area. Do not miss out on this opportunity get a new home in this quiet community, well maintained community.

2101 S 324th Street Unit #19, Federal Way

Listing Broker: MLS4owners.com; Chris C. Nye; 253-460-1900; sales@mls4owners.com

2101 S 324th Street Unit #188, Federal Way

$179,000

2 Beds ⋅ 2 Baths ⋅ 2589219 MLS ⋅ ACTIVE Status

If you are looking to downsize and want a singlewide, this 900 sq ft unit is for you. Retire in style and come enjoy the many benefits this community has to offer, like the golf course and indoor pool to name a few. The unit comes with a heat pump for those hot summer days and irrigation, so you don’t have to go out and water yourself. You don’t want to miss this great opportunity. This is a 55+ community, and local sales tax apply to all new home sales.

2101 S 324th Street Unit #188, Federal Way

Listing Broker: MLS4owners.com; Chris C. Nye; 253-460-1900; sales@mls4owners.com

$225,000

2 Beds ⋅ 1 Baths ⋅ 2588298 MLS ⋅ ACTIVE Status

Main-floor, single-level renovated condominium offering privacy, comfort, and exceptional value. Ideal for first-time buyers or anyone looking to downsize. This move-in-ready home features a beautifully updated kitchen with quartz countertops, new stainless steel appliances, an undermount sink with pull-down faucet, pantry, and a convenient eating bar. Engineered hardwood floors run throughout, and fresh interior paint gives the home a bright, modern Northwest feel. Wood burning fireplace in a comfy living room with enough room for a full size sectional. The spacious primary bedroom includes a large walk-in closet, and the full-size in-unit washer and dryer add everyday convenience. Adjacent bedroom, and beautifully renovated main bathroom! Enjoy peaceful, tree-filled territorial views from your private patio. Community amenities include a pool, hot tub, and sport court. Conveniently located near the new Federal Way light rail station, with easy access to shopping, dining, and major commuting routes, this is an excellent opportunity for affordable home ownership in south King County. No work needed, just move in and relax. HOA covers Water, Sewer and Garbage. 1 reserved parking spot with lots of extra parking.

431 S 325th Place Unit #W2, Federal Way

Listing Broker: Keller Williams Realty PS; Anna McClusky; 206-659-8884; Anna@legacygroupnw.com

2101 S 324th Street Unit #189, Federal Way

$179,000

2 Beds ⋅ 2 Baths ⋅ 2589185 MLS ⋅ ACTIVE Status

2101 S 324th Street Unit #189, Federal Way

Listing Broker: MLS4owners.com; Chris C. Nye; 253-460-1900; sales@mls4owners.com

$119,950

2 Beds ⋅ 1 Baths ⋅ 2586234 MLS ⋅ ACTIVE Status

Welcome home to an all-ages manufactured home community centrally located near everything you need! This well-maintained 2 Bed / 1 Bath home features an efficient, light-filled layout with [Square Footage] sq ft of cozy living space. Highlights include minisplit ac, new floors trim, along with a roof! Enjoy ample dedicated parking, private outdoor space, and shed storage. Unbeatable location—just minutes to I-5, Hwy 18, Pacific Hwy, local dining, shopping, and public transit. Low-maintenance, move-in ready, and full of potential! Space rent is $1,099 which includes garbage, water, and sewer

1660 S 333rd Street, Federal Way

Listing Broker: Inspire Realty; Alexander Bradshaw; 253-250-7520; alexbradshaw@mjreseattle.com

1003 S 308th Street Unit #34, Federal Way

$179,950

1 Beds ⋅ 1 Baths ⋅ 2584743 MLS ⋅ ACTIVE Status

Nestled in a small, secluded community surrounded by greenery, this light and bright home offers comfortable living with an easy, low-maintenance lifestyle. Top floor end unit! The living space features durable LVP flooring throughout, creating a clean and cohesive feel that’s easy to maintain. The open kitchen offers white cabinetry and new lighting, while the adjoining living area provides a peaceful view of the surrounding trees. Enjoy your morning coffee with a little nature right outside your window, or step onto the private deck to soak up some sunshine. The spacious bedroom features large closets for plenty of storage, and the convenience continues with an in-home washer and dryer. New Hot Water heater in 2024. Additional highlights include a reserved covered parking space with secured storage area. Affordable monthly HOA dues which include water, sewer, and garbage service. Make your dream of homeownership come true!

1003 S 308th Street Unit #34, Federal Way

Listing Broker: Coldwell Banker Danforth; Deidre Daly; 206-227-8198; RealDeals2@aol.com

$209,900

1 Beds ⋅ 1 Baths ⋅ 2586412 MLS ⋅ ACTIVE Status

Welcome to this move-in ready one bed one bath unit with nice updates including new oven/range, great kitchen, fresh paint, new flooring, and brand-new bathroom fixtures, W/D hookup in bedroom closet. Living / Dining area open and bright with balcony off dining area. Wood burning fireplace adds coziness and charm. Unit has carport and there is guest/additional parking. Balcony overlooks green-yard area in back. Complex features, outdoor pool, clubhouse and sport court. This is a Fannie Mae HomePath property.

34034 1st Place S Unit #G, Federal Way

Listing Broker: RE/MAX Integrity; Tammy L Lundin; 206-380-1515; tammyl@telisphere.com

$239,950

2 Beds ⋅ 1 Baths ⋅ 2582379 MLS ⋅ ACTIVE Status

Welcome to the Heritage Condominiums! Convenient access via I-5 to Seattle, Tacoma or the Eastside in a beautiful wooded, grassy area in Federal Way, Washington. Celebration Park, a hospital, a library and a grocery store are all within walking distance as are several schools. Plus, you can rent the condominium's cabana for large parties! This first-floor condominium home features a welcoming, spacious living room area, a conveniently laid out kitchen with ample cabinet and counter space, two moderately-sized bedrooms with large closets and its own separate laundry room/pantry. Luxurious bamboo flooring throughout the home has upgraded its overall appearance. Its windows radiate the sunlight for a bright, airy feel inside. Not a bad thing on Seattle's rainy days! The deck was installed new 3 years ago and is warranted to last for 20 plus years. The appliances are in excellent condition with none being more than 5 years old. If you are looking for an affordable home in Federal Way, you may have found your new home!

105 S 340th Street Unit #A, Federal Way

Listing Broker: Sensible Home Management LLC; John D. Abolofia; 253-236-0337; john@sensiblehm.com

1725 SW 318th Place Unit #49A, Federal Way

$284,000

2 Beds ⋅ 2 Baths ⋅ 2583271 MLS ⋅ ACTIVE Status

Welcome to Tall Firs! This well appointed ground level, 2 story condo has been completely overhauled without a single stone left unturned. Turn-key and move-in ready with Brand New everything throughout the home. Featuring 2 BD's, 1.5 BA's, Luxury Vinyl Plank Flooring, Quarts Countertops, Soft Close Cabinets, Brand New Appliances, Hot Water Heater, Paint Throughout, Trim, Doors, Hardware, Light Fixtures and so much more! Enjoy the private covered patio designed for comfort on those hot or cool summer nights. This established complex provides a convenient location along with Peaceful living in a thriving community. Centrally located with easy commuting options to Seattle, Bellevue and Tacoma. Just minutes from shopping, a wide selection of restaurants, trails, lakes, Puget Sound Waterfronts, parks, schools, airport and all desired amenities. Don't miss out on an opportunity to own this amazing home. Tour today!

1725 SW 318th Place Unit #49A, Federal Way

Listing Broker: COMPASS; Kyle Walker; 509-930-1508; kyle.walker@compass.com

31003 14th Avenue S Unit #C12, Federal Way

$239,999

2 Beds ⋅ 1 Baths ⋅ 2581179 MLS ⋅ ACTIVE Status

Wake Up to Beautiful Lake Views! ? Discover the perfect blend of comfort, tranquility, and convenience in this charming 2-bedroom, 1-full-bath condo. From the moment you step inside, you’ll appreciate the inviting layout and the peaceful lake views that create a relaxing backdrop for everyday living. Imagine starting your morning with a cup of coffee while enjoying the scenery, or winding down in the evening as the lake sets the mood for a quiet and peaceful retreat. The two-bedroom floor plan offers flexibility for a primary bedroom, guest room, home office, or personal space. Whether you’re a first-time homebuyer, downsizing, looking for a low-maintenance home, or searching for an investment opportunity, this condo is a wonderful place to call home. Walking distance to all shopping malls, convenient stores, restaurants ..& easy access to major highways! A home with a view is more than a place to live—it’s a lifestyle. Come see it in person and discover why this lake-view condo could be the one you’ve been waiting for!

31003 14th Avenue S Unit #C12, Federal Way

Listing Broker: Best Choice Realty LLC; Ai Van Hoang VU; 206-330-5188; avianv387@gmail.com

2101 S 324th Street Unit #27, Federal Way

$165,000

2 Beds ⋅ 2 Baths ⋅ 2579148 MLS ⋅ ACTIVE Status

At Belmor Home Park, a beautiful 55+ gated community, across from the shopping center, farmers market and bus stop. This is 2 bedrooms; 2 bathrooms move in ready manufactured home in the heart of Federal Way. It features an amazing kitchen with eating space and is completely updated with newer appliances. This home offers a livingroom and family room, 2 spacious bedrooms, the master bedroom has a 5-piece bathroom, spa like to relax at the end of the day in the big tub and an easy to step in shower. Plenty of cabinets and storage area as well as a big shed in the back and a huge yard ready for all kind of planters, it is waiting for you to start growing your fruits and veggies. The parking space is for 2 cars and the stunning 3 golf course is ready for you! Enjoy the community pool and recreation/club house. This park is gated and very well maintained by the management. Lots of activities and friendly atmosphere.

2101 S 324th Street Unit #27, Federal Way

Listing Broker: Keller Williams Realty PS; Marilyn Farfan; 253-229-0456; marilynbroker@gmail.com

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