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602 S 288th Lane, Federal Way, WA, 98003

3beds
3baths
2,740sqft
$950,000
$347price/sqft
$5,972/moest. monthly cost
$238,880/yrincome needed

About This Home

Wake up to water views and fall asleep to unforgettable sunsets.This breathtaking home delivers beautiful water and sunset views from nearly every vantage point. Infused with mid-century modern character, it stands as one of the most compelling opportunities of 2026. Vaulted ceilings with tongue-and-groove detailing, a fireplace, and expansive windows overlooking the water create a living room that frames picture-perfect sunsets, inspiring awe every single day. At just under 2,800 square feet yet living far larger, the efficient design offers generous space for everyone without wasted or unconventional areas. The main-floor primary suite with bathroom features an exceptional water view that elevates your evenings. The kitchen provides flexible space to expand, add an island, or enjoy exactly as it stands. In a market filled with look-alike homes, this property is genuinely unique—your neighbors will never have the same one. Downstairs includes two additional bedrooms, a full bath, an office/flex space, and a second sunken living room with fireplace—perfect for lounging, reading, or simply taking in the view. Located in the desirable Marine Hills neighborhood, minutes from I-5 and conveniently close to the airport, this is a rare opportunity that does not come around often. While fully move-in ready, the home also presents a wonderful canvas for a new owner to make it truly shine with personal updates and refinements. Act quickly, you deserve the life you’ve been waiting for.

Getting Around

7
WalkingCar-Dependent
30
TransitSome Transit
8
BikeSomewhat Bikeable

Schools

7/10
3/10
5/10
Sacajawea Middle SchoolGrades 6-80.8 mi

Construction

Condition

  • Year built: 1980

Materials

  • Foundation: Slab
  • Roof: Composition
  • Construction materials: Wood Siding,Wood Products

Type & Style

  • Home type: SingleFamily
  • Architectural style: Mid-Century Modern,2 Story
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Stove(s)/Range(s),Washer,Dishwasher(s),Dryer(s),Garbage Disposal,Washer(s)

Bathroom Full

  • Level: Lower

Bathroom Three Quarter

  • Level: Main

Bedroom

  • Level: Lower

Bedroom

  • Level: Lower

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 1
  • 3/4 bathrooms: 1
  • 1/2 bathrooms: 1
  • Main level bathrooms: 2
  • Main level bedrooms: 1

Den Office

  • Level: Lower

Dining Room

  • Level: Main

Entry Hall

  • Level: Main

Family Room

  • Level: Lower

Features

  • Bath Off Primary,Central Vacuum,Dining Room,Pantry
  • Door features: French Doors
  • Window features: Dbl Pane/Storm Window
  • Flooring: Hardwood,Vinyl,Carpet
  • Number of fireplaces: 2
  • Fireplace features: Wood Burning,Lower Level: 1,Main Level: 1,Fireplace
  • Fireplace: Yes

Heating & Cooling

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

Interior Area

  • Total structure area: 2,740
  • Total interior livable area: 2,740 sqft

Kitchen With Eating Space

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Other

  • Level: Main

Utility Room

  • Level: Main

Property

Details

  • Parcel number: 5152930210
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Entry location: Main
  • Patio & porch: Bath Off Primary,Built-In Vacuum,Dbl Pane/Storm Window,Dining Room,Fireplace,French Doors,Pantry,Vaulted Ceiling(s)
  • Has view: Yes
  • View description: Islands,Sound
  • Has water view: Yes
  • Water view: Sound
  • Topography of land: Level,Partial Slope
  • Residential vegetation: Fruit Trees

Lot

  • Lot size: 0.39 Acres
  • Features: Curbs,Paved,Sidewalk,Cable TV,Deck,Gas Available,High Speed Internet,Patio

Parking

  • Total spaces: 4
  • Parking features: Driveway,Attached Garage,Off Street
  • Has garage: Yes
  • Covered spaces: 2
  • Uncovered spaces: 2

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
    EarthquakeModerate
  • 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 $4,803$57,636
Home Insurance *$201$2,412
Property Taxes $781$9,372
Electricity $187$2,249
Total$5,972$71,664
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$204,754/yr
40% on housing$179,160/yr
45% on housing$159,253/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

$347This listing

vs Other Active Listings

Avg $/sqft

ZIP 98003$221
King County$442

vs Homes Sold Last Month

Median $/sqft

ZIP 98003$341
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
2026-07-30Listed for sale$950,000
1992-06-19Sold$350,000

For Sale by Agent

AgentChris Ranch
BrokerageKeller Williams Realty PS

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