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$1,530,000
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Property Description
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 60 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!
Full Property Details
Full Property Details for 16051 SE 16th St
General
- Sold For: $1,530,000
- Taxes: $14,745 (2025)
- Status: Closed
- Type: Land Residential
- Source: NWMLS
- MLS ID: 2457035
- Added to Site: 96 day(s) ago
Additional Information
- Improvements: Dwelling, Fenced-Partially, Garage
Parking
- Garage: Yes
- Parking Features: Garage
Location
- Area: 530 - Bellevue/East of 405
- County: King
- Subdivision: Phantom Lake
- Driving Directions: From I-405 N toward Bellevue, take exit 11 to merge onto I-90 E toward Spokane. Take exit 11B toward 148th Ave SE. Turn right onto SE 16th St. Home will be on the right.
School Information
- High School District: Bellevue
- Elementary School: Phantom Lake Elem
- Middle School: Tillicum Mid
- High School: Sammamish Snr High
Utilities
- Electric Available: Yes
- Sewer: Available, In Street
- Water: Private Well
- Utility Description: Electricity Connected, Natural Gas Available, Septic Design Installed
Structural Information
- Structure Type: Unspecified
Lot Features
- Property View: Lake
- Lot Size (Acres): 0.8435
- Lot Size (Sq. Ft.): 36,744
- Lot Size Source: Public records
- Street/Road Desc.: Paved
- Topography: Level
- Lot Features: Cul-De-Sac, Dead End Street, Paved, Secluded
- Zoning: Residential
Water Features
- Water Front: Yes
Financial Considerations
- Tax Amount: $14,745
- Tax Year: 2025
- Terms: Cash Out, Conventional, FHA, VA Loan
Disclosures and Reports
- Special Conditions: None
- Property ID: 224059076
Listed by Robert Richey | Keller Williams Eastside | (425) 285-3200
Sold by Mark Varvaryuk | eXp Realty
Get Pre-Approved Today
Schools
Schools serving 16051 SE 16th St
School District:Bellevue School District
| Name | Grades | Distance |
|---|---|---|
Spiritridge Elementary School 16401 Southeast 24th Street, Bellevue, WA 98008 | K-5 | 0.6 mi |
Tillicum Middle School 1280 160th Avenue Southeast, Bellevue, WA 98008 | 6-8 | 0.2 mi |
Sammamish Senior High School 100 140th Avenue Southeast, Bellevue, WA 98005 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 16051 SE 16th St
Date
Details
Price
Change
Source
1/22/2026
Sold
$1,530,000
-21.54%
MLS
11/21/2025
Listed
$1,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
16051 SE 16th Street, Bellevue, WA 98008 (MLS# 2457035) is a Land Residential property that was sold at $1,530,000 on January 22, 2026. Want to learn more about 16051 SE 16th Street? Do you have questions about finding other Land Residential real estate for sale in Bellevue? You can browse all Bellevue real estate or contact a Coldwell Banker agent to request more information.

