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558 SW 298th Street, Federal Way, WA, 98023

5beds
4baths
4,200sqft
$838,000
$200price/sqft
$5,395/moest. monthly cost
$215,800/yrincome needed

About This Home

Charming mid century gem on a quiet street. This spacious home features functional layout, high ceilings, and crisp fireplaces. Impressive foyer opens to a peaceful living space with effortless flow throughout. Gourmet kitchen comes with new SS appliances. Main level also presents guest suite, additional full bathroom, and office. The pristine primary suite on upper level boasts Sound Views. Versatile basement complements with a Second kitchen & two more bedrooms - perfect as MIL unit or rental income opportunity. Enjoy morning coffee on the expansive deck. Mature backyard is ideal for entertainment. 3-car garage. Close to elementary school, park, and light rail. Walking distance to Redondo beach. Welcome home!

Getting Around

14
WalkingCar-Dependent
25
TransitSome Transit
19
BikeSomewhat Bikeable

Schools

3/10
4/10
Lakota Middle SchoolGrades 6-81.1 mi
3/10

Construction

Condition

  • Year built: 1963

Materials

  • Foundation: Poured Concrete
  • Roof: Tile
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: 2 Stories w/Bsmnt
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Microwave,Refrigerator,Stove(s)/Range(s),Dishwasher(s),Garbage Disposal,Microwave(s),Refrigerator(s),Water Heater: Gas,Water Heater Location: Basement

Basement

  • Has basement: Yes
  • Basement: Daylight,Finished

Bathroom Full

  • Level: Second

Bathroom Full

  • Level: Main

Bathroom Three Quarter

  • Level: Main

Bathroom Three Quarter

  • Level: Lower

Bedroom

  • Level: Main

Bedroom

  • Level: Lower

Bedroom

  • Level: Lower

Bedroom

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 2
  • 3/4 bathrooms: 2
  • Main level bathrooms: 2
  • Main level bedrooms: 2

Dining Room

  • Level: Main

Entry Hall

  • Level: Main

Family Room

  • Level: Main

Features

  • Bath Off Primary,Dining Room,Pantry
  • Window features: Dbl Pane/Storm Window
  • Flooring: Ceramic Tile,Hardwood,Carpet
  • Number of fireplaces: 3
  • Fireplace features: Gas,Wood Burning,Lower Level: 1,Main Level: 2,Fireplace
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Fireplace,Baseboard,Forced Air,Electric,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 4,200
  • Total interior livable area: 4,200 sqft

Kitchen With Eating Space

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Second

Rec Room

  • Level: Lower

Utility Room

  • Level: Lower

Property

Details

  • Parcel number: 23370000020
  • Zoning: RS9.6
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Entry location: Main
  • Patio & porch: Second Kitchen,Second Primary Bedroom,Bath Off Primary,Dbl Pane/Storm Window,Dining Room,Fireplace,Jetted Tub,Pantry,Walk-In Closet(s),Water Heater
  • Spa features: Bath
  • Has view: Yes
  • View description: Ocean,Partial,Sound
  • Has water view: Yes
  • Water view: Ocean,Sound
  • Residential vegetation: Fruit Trees,Garden Space

Lot

  • Lot size: 9,962 sqft
  • Features: Dead End Street,Paved,Sidewalk,Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio,Sprinkler System

Parking

  • Total spaces: 3
  • Parking features: Attached Garage
  • Has garage: Yes
  • Covered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

FEMA Declared Disasters in King County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,237$50,844
Home Insurance *$192$2,304
Property Taxes $679$8,148
Electricity $287$3,447
Total$5,395$64,740
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$184,971/yr
40% on housing$161,850/yr
45% on housing$143,866/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$200This listing

vs Other Active Listings

Avg $/sqft

ZIP 98023$308
King County$442

vs Homes Sold Last Month

Median $/sqft

ZIP 98023$319
King County$485

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-01Listed for sale$899,000
2025-02-08Listing removed$4,200
2025-01-24Listed for rent$4,200
2024-05-23Listing removed--
2024-05-06Listed for rent$3,800
2017-12-01Listing removed$594,950
2017-12-01Listed for sale$594,950
2017-11-30Sold$580,000
2017-11-27Pending sale$594,950
2017-11-07Price change$594,950
2017-08-07Listed for sale$599,950
2014-01-17Sold$320,000
2013-02-02Listing removed$375,000
2012-06-09Price change$375,000
2012-02-09Price change$400,000
2012-01-27Listed for sale$450,000
2011-08-27Listing removed$497,000
2011-02-12Listed for sale$497,000
2007-07-12Sold$515,000
2007-01-23Sold$510,000

For Sale by Agent

AgentJing Ding
BrokerageWindermere Real Estate/East

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