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!
Active
Listed by:
Robert Richey,
Keller Williams Eastside
$1,950,000
16051 SE 16th Street, Bellevue, WA 98008
4beds
2,830sqft
Est.:
Single Family Residence
Built in 1964
0.84 Acres Lot
$-- Zestimate®
$689/sqft
$-- HOA
What's special
Prime bellevue waterfront site
- 22 days |
- 2,379 |
- 121 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: December 12, 2025 at 06:38pm
Listed by:
Robert Richey,
Keller Williams Eastside
Source: NWMLS,MLS#: 2453993
Tour with a local agent
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
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached Garage
- Attached garage 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: Public, Company: City of Bellevue
Community & HOA
Community
- Subdivision: Phantom Lake
Location
- Region: Bellevue
Financial & listing details
- Price per square foot: $689/sqft
- Tax assessed value: $2,010,000
- Annual tax amount: $14,745
- Date on market: 11/20/2025
- Cumulative days on market: 22 days
- Listing terms: Cash Out,Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Refrigerator(s), Stove(s)/Range(s)
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/21/2025 | Listed for sale | $1,950,000$689/sqft |
Source:  NWMLS #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
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 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% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$11,729/mo
Principal & interest
$9714
Property taxes
$1332
Home insurance
$683
Climate risks
Neighborhood: Phantom Lake
Nearby schools
GreatSchools rating
- 7/10Phantom Lake Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 9/10Tillicum Middle SchoolGrades: 6-8Distance: 0.2 mi
- 8/10Sammamish 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. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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