Welcome to a rare "Phantom Lake" gem. Enjoy more than 60 feet of direct water access on a stunning .84 acre lot along Phantom Lake’s serene shoreline — perfect for kayaking, relaxing by the water, or simply savoring the view. First time on market in over 50 years. Set in one of Bellevue’s most desirable lakefront neighborhoods, its blend of location, lot size, & waterfront access make it a compelling opportunity for renovating the existing 2830 sq ft mid century home, expansion, or the truly unique opportunity to build a custom dream estate on a prime Bellevue waterfront site. Great opportunity to rent existing home while waiting for building permits. Properties like this rarely come up for sale on the Lake. Don't miss this opportunity!
Sold
Listed by: Keller Williams Eastside
Bought with: eXp Realty
$1,530,000
16051 SE 16th Street, Bellevue, WA 98008
4beds
2,830sqft
Single Family Residence
Built in 1964
0.84 Acres Lot
$1,837,200 Zestimate®
$541/sqft
$5,133 Estimated rent
Home value
$1,837,200
$1.75M - $1.93M
$5,133/mo
Zestimate® history
Owner options
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$5,133/mo
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$5,133/mo
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$9,339/mo
Est. payment
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$9,339/mo
Est. payment
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List your homeWhat's special
Prime bellevue waterfront site
Zillow last checked:
Listing updated:
Listed by:
Robert Richey,
Keller Williams Eastside
Bought with:
Mark Varvaryuk, 22009569
eXp Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2453993
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
Bedroom
- Level: Lower
Bedroom
- Level: Lower
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom three quarter
- Level: Lower
Dining room
- Level: Main
Entry hall
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Forced Air, Electric, Natural Gas
Cooling
- Forced Air
Appliances
- Included: Dishwasher(s), Refrigerator(s), Stove(s)/Range(s), Water Heater: Gas, Water Heater Location: Garage
Features
- Dining Room
- Flooring: Laminate, Vinyl, Carpet
- Basement: Daylight
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 2,830
- Total interior livable area: 2,830 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached Garage
- Has attached garage: Yes
- Covered spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Dining Room, Fireplace, Water Heater
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake
Lot
- Size: 0.84 Acres
- Features: Cul-De-Sac, Dead End Street, Paved, Secluded, Value In Land, Cable TV, Deck
- Topography: Level,Partial Slope
Details
- Parcel number: 0224059076
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick, Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1964
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank, Company: City of Bellevue
- Water: Private, Company: City of Bellevue
Community & neighborhood
Location
- Region: Bellevue
- Subdivision: Phantom Lake
Other
Other facts
- Listing terms: Conventional,FHA,VA Loan
- Cumulative days on market: 81 days
Price history
| Date | Event | Price |
|---|---|---|
| 1/22/2026 | Sold | $1,530,000-21.5%$541/sqft |
Source:  NWMLS as distributed by MLS GRID #2453993 Report a problem | ||
| 1/8/2026 | Pending sale | $1,950,000$689/sqft |
Source: NWMLS as distributed by MLS GRID #2453993 Report a problem | ||
| 11/21/2025 | Listed for sale | $1,950,000$689/sqft |
Source: NWMLS as distributed by MLS GRID #2453993 Report a problem | ||
| 3/22/2019 | Listing removed | $1,950$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 3/18/2019 | Price change | $1,950+5.4%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 3/13/2019 | Listed for rent | $1,850$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $16,160 +9.6% | $2,173,000 +8.1% |
| 2024 | $14,745 +15.2% | $2,010,000 +22.9% |
| 2023 | $12,795 -8.8% | $1,636,000 -17.5% |
| 2022 | $14,032 +31.2% | $1,982,000 +52.2% |
| 2021 | $10,695 +7.7% | $1,302,000 +16.1% |
| 2020 | $9,934 +2.5% | $1,121,000 +0.9% |
| 2019 | $9,690 +8% | $1,111,000 +1.8% |
| 2018 | $8,974 +7.2% | $1,091,000 +20% |
| 2017 | $8,370 +22.3% | $909,000 +16.4% |
| 2016 | $6,844 | $781,000 +2.6% |
| 2015 | $6,844 | $761,000 -1.2% |
| 2014 | $6,844 | $770,000 +29% |
| 2013 | $6,844 | $597,000 +12% |
| 2012 | -- | $533,000 -4% |
| 2011 | -- | $555,000 -5.1% |
| 2010 | -- | $585,000 |
| 2009 | -- | $585,000 +3.5% |
| 2007 | -- | $565,000 +9.5% |
| 2006 | -- | $516,000 +7.5% |
| 2005 | -- | $480,000 +13.2% |
| 2001 | $4,034 +5.4% | $424,000 +16.5% |
| 2000 | $3,827 | $364,000 |
Find assessor info on the county website
Neighborhood: Phantom Lake
Nearby schools
GreatSchools rating
- 8/10Phantom Lake Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 8/10Tillicum Middle SchoolGrades: 6-8Distance: 0.2 mi
- 9/10Sammamish Senior High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Phantom Lake Elem
- Middle: Tillicum Mid
- High: Sammamish Snr High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,837,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,837,200
- Washington
- King County
- Bellevue
- 98008
- Phantom Lake
- 16051 SE 16th Street
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