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Listed by Michele Schuler • Real Residential.Some photos are virtually staged
FOR SALE

$4,790,000

Est. $26,323/mo

Price reduced $60,000 from the original $4,850,000 asking price

4 bd•3.25 ba•4,050 sq ft

61 Cascade Key, Bellevue, WA 98006

• Listed Jul 22, 2026•180 days active · 180 cumulative

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★★★★★5.0·1,244 Google reviews

Listing Broker: Real Residential; Michele Schuler; 206-992-2013; michele@theschulerteam.com

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Listing Broker: Real Residential; Michele Schuler; 206-992-2013; michele@theschulerteam.com

About this home

Set along 135 feet of protected, deep-water canal frontage in Newport Shores, 61 Cascade Key offers a rare opportunity to live directly on the water with seamless access to Lake Washington. A private boathouse accommodates up to a 48' vessel, placing boating, paddleboarding, and waterfront entertaining just steps from your door. Thoughtfully remodeled over time, the home blends Northwest Contemporary design with a warm, highly livable aesthetic. The open main level is anchored by a true chef's kitchen with custom cabinetry, premium appliances, and an expansive island, flowing effortlessly to the living and dining spaces framed by walls of glass and French doors that open to the terrace and canal beyond. The main-floor primary suite offers a peaceful retreat with a spa-inspired bath, generous walk-in closet, and direct access to the waterfront. Flexible living includes three additional bedrooms, a dedicated office, and a fully equipped second kitchen ideal for guests, extended living, or multigenerational needs. Professionally designed grounds, level lawn, and 135' of canal frontage create an exceptional outdoor setting. Enjoy Newport Shores amenities including yacht club, tennis, swimming, beach access, and a vibrant community, all minutes to Bellevue, Seattle, and Sea-Tac. Circular drive, lush landscaping and easy indoor-outdoor flow complete this rare canal-front lifestyle. Rare, refined, and ready for the next chapter, this is waterfront living with both ease and presence.

Property type
Single Family
Year built
1964
Interior
4,050 sq ft
Lot size
0.4502 acres
Parking
2-car garage
Price / sq ft
$1183
Heating90%+ High Efficiency, Forced Air
CoolingCentral Air
Property taxes$35,142/yr (est.)
HOA dues$159/mo
School districtBellevue

Listed by Michele Schuler • Real Residential

Listing updated: October 20, 2026 at 11:03am

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2558738

Around this home

RexMont OfferEdge™

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61 Cascade Key, Bellevue, WA 98006

List price
$4,790,000
Down payment
$958,000

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Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.

Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.

Property details

Interior features

  • Second Kitchen
  • Second Primary Bedroom
  • Bath Off Primary
  • Built-In Vacuum
  • Dbl Pane/Storm Window
  • Dining Room
  • Fireplace
  • Jetted Tub
  • Pantry
  • Security System
  • Skylight(s)
  • Vaulted Ceiling(s)
  • Walk-In Closet(s)
  • Wet Bar
  • Wine Cellar
  • Wine/Beverage Refrigerator
  • Wired for Generator
  • 2 fireplaces (gas, wood burning)
  • Daylight, Finished basement

Kitchen

  • Dishwasher
  • Disposal
  • Dryer
  • Microwave
  • Refrigerator
  • See Remarks
  • Stove(s)/Range(s)
  • Washer

Bedrooms

  • 4 bedrooms total
  • 2 on the main level
  • 2 on the lower level

Bathrooms

  • 2 full bathrooms
  • 1 three-quarter bathroom (shower, no tub)
  • 1 half bathroom
  • 3.25 bathrooms total (NWMLS count)
  • 2 on the main level

Layout

  • 1 Story w/Bsmnt.
  • 4,050 sq ft finished
  • 700 sq ft garage

Flooring

  • Ceramic Tile
  • Hardwood
  • See Remarks
  • Carpet

Heating & cooling

  • 90%+ High Efficiency heating
  • Forced Air heating
  • Central Air cooling

Schools

Ratings via SchoolDigger

Bellevue School District

Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.

Single-family home facts

As entered by the listing broker on Northwest MLS

Lot & site

Topography
Level,Partial Slope
Lot number
48
Zoning code
R2.5
Zoning jurisdiction
City

Systems

Energy source
Electric,Natural Gas
Power production
Electric, Natural Gas
Power company
Puget Sound Energy
Water company
City of Bellevue
Sewer company
City of Bellevue
Gas company
Puget Sound Energy
Garbage service
Republic Services
Irrigation water rights
No
Internet connected
Xfinity
Cable connected
Xfinity

Rooms & extras

Pool
Community
Spa
Yes
Bathtubs
2
Showers
3
Fireplaces on main
1
Fireplaces lower level
1
Excluded items
No

New construction

Square footage source
KCR
Lot size source
KCR
Effective year built source
Public Records

Manufactured home

Land lease
No

Neighborhood mobility

Doorstep, Pedal & Station Scores

Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.

Ground Truth™

The ground, the slope, the flood zone and the noise at this address

Read from public hazard, flood, terrain and noise maps for this exact home.

Address Insider™

The members' report

Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.

Members

Opens with the report above.

Sales & Tax Records for 61 Cascade Key

NWMLS via MLS Grid · King County Assessor

Every listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.

  1. Oct 20, 2026
    Price reduced
    NWMLS via MLS Grid · #2558738
    $4,790,000
    $1,183/sq ft
  2. Oct 20, 2026
    Price reduced
    NWMLS via MLS Grid · #2559251
    $4,790,000
    $1,183/sq ft
  3. Jul 22, 2026
    Listed
    NWMLS via MLS Grid · #2558738
    $4,850,000
    $1,198/sq ft
  4. Jul 22, 2026
    Listed
    NWMLS via MLS Grid · #2559251
    $4,850,000
    $1,198/sq ft
  5. Nov 30, 2011
    Recorded sale
    King County recorder · Statutory warranty deed
    $1,700,000
    $420/sq ft
  6. May 2, 2007
    Sold
    NWMLS via MLS Grid · #27036769
    $1,845,000
    $456/sq ft

Mortgage payment forecast

$30,609 per month

Great rate
Principal and interest
Property taxes
HOA dues
Home insurance

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Plan your offer with a RexMont buyer specialistWalk through escalation strategy, contingencies, and competing-offer risk in this neighborhoodCompare loan options30-yr fixed, 15-yr, FHA, VA, jumbo

Source: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.

Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.

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Listing Broker: Real Residential; Michele Schuler; 206-992-2013; michele@theschulerteam.com

Market pulse

Bellevue is a balanced market.

Supply and demand are roughly in balance. Neither side has a clear edge.

Buyer's marketSeller's market

  • Offer insight: Homes typically sell with one offer near asking price.

  • List to sale price: The average home sells for about 1% below list price.

  • Time on market: The average home goes pending in around 61 days.

Recent sales nearby

Within 1 mile · last 6 months

  • $1,430,000 Sold

    5 days ago

    4 bd•2.25 ba•~2,300 sq ft•Single Family

    4705 119th Avenue SE, Bellevue, WA 98006

    2%

    Under list

    165

    Days on market

    0.5 mi

    Distance

  • $1,250,000 Sold

    1 week ago

    •Single Family

    12037 SE 51st Street, Bellevue, WA 98006

    4%

    Under list

    21

    Days on market

    1.0 mi

    Distance

  • $2,195,000 Sold

    2 weeks ago

    6 bd•3.75 ba•~3,730 sq ft•Single Family

    20 Cascade Key, Bellevue, WA 98006

    0%

    Over list

    196

    Days on market

    0.4 mi

    Distance

  • $1,230,000 Sold

    3 weeks ago

    4 bd•2.25 ba•~2,130 sq ft•Single Family

    4621 123rd Avenue SE, Bellevue, WA 98006

    2%

    Under list

    34

    Days on market

    0.7 mi

    Distance

  • $1,318,000 Sold

    4 weeks ago

    4 bd•2.5 ba•~2,550 sq ft•Single Family

    4909 122nd Avenue SE, Bellevue, WA 98006

    5%

    Over list

    21

    Days on market

    0.9 mi

    Distance

Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.

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Market data from MLS GRID / NWMLS · Updated Oct 2026

Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.

MLS GRID Disclaimer

Based on information submitted to the MLS GRID as of October 25, 2026 at 9:03 AM PT (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Some IDX listings have been excluded from this website.

© 2026 Northwest Multiple Listing Service. All rights reserved.

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