Phantom Lake real estate.
Quiet community built around its namesake lake.
- Median sale price
- $1.44M
- Days on market
- 9
- Active listings
- 84
MLS GRID / NWMLS market data · zip 98005 · Jul 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
9 days on market · 5.0 mo supply
84 active listings · updated Jul 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?
Get curated active listings, off-market opportunities, and an offer strategy built for Phantom Lake.
Search Phantom Lake homes →Selling in Phantom Lake?
Get a real agent-prepared estimate of your Phantom Lake home's value and a custom listing plan.
Sell my Phantom Lake home →Active homes for sale in Phantom Lake
Live NWMLS listings in Phantom Lake (zip 98005), refreshed hourly.
ActiveNew today$650,000
MLS# 2561232604 122nd Avenue Ne #3
Bellevue, WA 98005
2 bd2.5 baListing courtesy of Windermere R.E. Northeast, Inc
ActiveNew today$5,998,000
MLS# 256124313203 Ne 54th Place
Bellevue, WA 98005
5 bd5.5 ba5,724 sqftListing courtesy of Keller Williams Rlty Bellevue
ActiveNew today$1,825,000
MLS# 2560205282 118th Avenue Se
Bellevue, WA 98005
4 bd2.5 ba2,552 sqftListing courtesy of Windermere Bellevue Commons
Active1 day on market$1,595,000
MLS# 255512513800 Se 21st Street
Bellevue, WA 98005
4 bd2.5 ba2,290 sqftListing courtesy of Redfin
Active4 days on market$649,000
MLS# 255931912426 Se 30th Street #a-2
Bellevue, WA 98005
2 bd1 baListing courtesy of Windermere Real Estate/East
Active4 days on market$3,723,000
MLS# 255952113266 Ne 47th Street
Bellevue, WA 98005
4 bd3.5 ba5,390 sqftListing courtesy of COMPASS
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 Jul 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 9 days, with 84 active listings tracked in this zip code as of Jul 2026. Inventory turns very quickly — well-priced homes routinely receive multiple offers within the first week.
- 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.