Phantom Lake real estate.
Quiet community built around its namesake lake.
- Median sale price
- $1.44M
- Days on market
- 31
- Active listings
- 88
MLS GRID / NWMLS market data · zip 98005 · Sep 2026
About Phantom Lake
Phantom Lake is a neighborhood where the lake is a genuine organizing feature rather than a marketing backdrop. The natural lake — non-motorized, with kayaking and wildlife habitat — sits at the center of the community, and many homes are oriented toward the water. It's a quieter, more nature-embedded character than most of Bellevue's 98005 addresses deliver.
Phantom Lake Elementary anchors the school community, with Sammamish High School at the top of the pathway. Lakefront and lake-view properties command significant premiums, while interior streets offer a more accessible entry into this pocket of northeast Bellevue. SR-520 access keeps the tech corridor and Seattle both reasonably close.
Median Sale Price
$1.44M
31 days on market · 4.2 mo supply
88 active listings · updated Sep 2026
Schools
Bellevue School District; Phantom Lake Elementary, Odle Middle School, Sammamish High School
Commute
10 min to Downtown Bellevue. 12 min to Microsoft Redmond campus via SR-520. 8 min to Meta Spring District. 22 min to Seattle.
Buying in Phantom Lake?
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Sell my Phantom Lake home →Active homes for sale in Phantom Lake
Live NWMLS listings in Phantom Lake (zip 98005), refreshed hourly.
Active1 day active · 1 cumulative$769,000
MLS# 25878291118 124th Ct Ne #g2
Bellevue, WA 98005
2 bd2.25 baListing courtesy of We Lakeside
Active2 days active · 51 cumulative$546,000
MLS# 258775013605 Ne 8th Street #203
Bellevue, WA 98005
2 bd1.75 baListing courtesy of eXp Realty
Active2 days active · 2 cumulative$1,575,000
MLS# 25795152623 124th Place Ne
Bellevue, WA 98005
4 bd2.5 ba1,820 sqftListing courtesy of Windermere Real Estate/East
Active3 days active · 113 cumulative$3,488,000
MLS# 258736713266 Ne 47th Street
Bellevue, WA 98005
4 bd3.5 ba5,390 sqftListing courtesy of COMPASS
Active3 days active · 3 cumulative$3,299,950
MLS# 257419812622 Se 27th Street
Bellevue, WA 98005
5 bd4 ba4,452 sqftListing courtesy of Matrix Real Estate, LLC
Active3 days active · 147 cumulative$1,788,865
MLS# 258532012456 Se 27th Street
Bellevue, WA 98005
3 bd2.75 ba2,970 sqftListing courtesy of Real Property Associates
Listing data courtesy of NWMLS. Provided for the consumer's personal, non-commercial use.
Common questions about Phantom Lake real estate
- What is the median sale price in Phantom Lake?
- The current median sale price in the Phantom Lake zip code is $1.44M, based on the most recent NWMLS market data refreshed Sep 2026. Typical asking prices in Phantom Lake run $950K – $1.4M for interior, $1.4M – $2.2M+ for lakefront.
- How competitive is the Phantom Lake real estate market right now?
- Median days-on-market in Phantom Lake is currently 31 days, with 88 active listings tracked in this zip code as of Sep 2026. Buyers generally have time to evaluate properties without same-day pressure, though best-in-class homes still attract competition.
- Which schools serve Phantom Lake?
- Bellevue School District; Phantom Lake Elementary, Odle Middle School, Sammamish High School. School attendance areas are reviewed annually by the district — verify your exact address at seattleschools.org/admissions before relying on assignments for a purchase decision.
- What is the commute like from Phantom Lake?
- 10 min to Downtown Bellevue. 12 min to Microsoft Redmond campus via SR-520. 8 min to Meta Spring District. 22 min to Seattle.
- How do I buy or sell a home in Phantom Lake?
- RexMont's agents represent buyers and sellers across Phantom Lake and the broader Bellevue market. For buyers, we provide curated active listings, off-market opportunities, and a tailored offer strategy. For sellers, we prepare an agent-reviewed valuation and a custom listing plan. Reach the team via the contact links on this page.
Nearby Bellevue neighborhoods
Considering Phantom Lake? Buyers commonly compare it against these adjacent Bellevue neighborhoods.