Grace Alvarado

Grace Alvarado

Real Estate Broker
206.245.9575
terrakeyhomes@gmail.com

Grace W. Alvarado is more than a real estate broker—she's a trusted advisor, skilled negotiator, and strategic partner dedicated to helping clients navigate one of life's most important financial decisions. With more than 20 years of experience spanning real estate, finance, construction, and development, Grace combines market expertise, business insight, and genuine care to deliver exceptional results. Armed with a Bachelor's degree in Business Administration and Marketing, Grace has built her career on integrity, innovation, and a passion for helping individuals and families build long-term wealth through real estate.

Whether assisting first-time homebuyers, seasoned investors, luxury home sellers, or clients navigating major life transitions, she brings professionalism, precision, and personalized guidance to every transaction. Grace is known for helping clients navigate significant financial and lifestyle transitions with confidence, compassion, and clarity. Clients appreciate her honest communication, strong negotiation skills, creative marketing strategies, and ability to simplify even the most complex transactions while keeping their goals at the center of every decision.

Grace's dedication to excellence has earned her numerous industry accolades, including the 2021 Pierce County National Association of Realtors Special Achievement Award and multiple top individual production honors with Keller Williams Tacoma. She also served for several years on the Agent Leadership Council, where she mentored fellow real estate professionals, collaborated on leadership initiatives, and helped support the growth and success of her brokerage community.

Outside of real estate, Grace is passionate about making a difference through service. She volunteers with organizations such as Make-A-Wish Foundation, Compassion International, Young Life, and Go On The Mission. Her commitment to giving back led to being recognized by Make-A-Wish for her volunteer efforts. She also participates in Community Emergency Response Team (CERT) initiatives, reflecting her belief that strong communities are built through leadership and service.

When she's not helping clients achieve their real estate goals, Grace enjoys hiking, staying active, traveling, and cheering on the Seattle Seahawks. She's a proud wife, mother, and dog mom to an energetic yellow Labrador who keeps life fun and adventurous. For Grace, real estate is about far more than buying and selling homes. It's about creating opportunities, building lasting wealth, and helping people move confidently into their next chapter.

New Listings

5002 6th Avenue, Tacoma
$549,950
3 Beds ⋅ 2 Baths ⋅ 2593804 MLS
Step into a charming piece of Tacoma history, where timeless Craftsman character meets thoughtful modern updates. Held by the same family for 76 years, this special home features leaded-glass sidelights, warm wood floors, classic Craftsman doors, coved ceilings, and a formal dining room. The updated kitchen offers custom Erickson cabinetry, beautiful tilework, a garden window, and cozy breakfast nook. A permitted 12x14 solarium provides a light-filled retreat overlooking the fully fenced backyard, while the 952 sq ft basement with 8-ft ceilings offers excellent storage, workshop space, and future possibilities. Major improvements include updated windows, plumbing, roof, gutters, siding, chimney, insulation, efficient gas furnace, water heater, and fireplace. RV parking with 30-amp hookup and two garages add versatility, including a former Day Island boathouse relocated to the property. Local lore even says mules helped dig the basement! A truly unique Tacoma home filled with history, warmth, and character.

5002 6th Avenue, Tacoma

Listing Broker: Terrafin; Braeden Zurfluh; 253-720-2471; Braeden@terrafinre.com

19122 181st Avenue NE, Woodinville
$1,187,500
5 Beds ⋅ 3 Baths ⋅ 2593988 MLS
Hidden gem in Cottage Lake’s Bridle Trails. This thoughtfully updated 5-bedroom home sits well back from the street, offering exceptional privacy, a circular drive, and an expansive yard with a fully fenced backyard. The vaulted great room opens to an updated kitchen featuring granite counters, stainless appliances, and solid cherry cabinetry. The lower level includes a spacious rec room, two additional bedrooms, and a full bath—ideal for guests, multigenerational living, or work-from-home flexibility. A large laundry room and separate storage area provide abundant space for organization. Freshly refinished hardwoods, new upstairs carpet, central AC and all-new interior paint make this home truly move-in ready. Set on a serene shy acre within the highly rated Northshore School District. Just 5 minutes to downtown Woodinville, wine country, and Costco, with Safeway, Walgreens, gas, and other conveniences only a minute away. Easy access down the hill to major freeways. Additional highlights include a newer 50-year roof, Hardiplank siding, and a huge Trex deck perfect for entertaining.

19122 181st Avenue NE, Woodinville

Listing Broker: FIRST AND MAIN; Carrie Sorensen; 206-795-2425; Carrie.sorensen@famagents.com

2108 NE 85th Street, Seattle
$1,450,000
2593779 MLS
Six-unit apartment building in Seattle’s Wedgwood neighborhood, well managed with zero vacancies and zero delinquencies. All paperwork is in order, with pre-screened tenants, move-in reports, healthy security deposits and last month’s rent on file. Five of the six units have been renovated with new LVP, fresh paint and updated electrical packages, and three of those five also have remodeled kitchens and bathrooms. Major system updates include new electrical panels (2025), main sewer line replaced (2022), double-pane vinyl windows throughout (2025) and newer hot water tanks (2023). The heavy lifting is complete, allowing a new owner to take over operations with ease. The mix is two 1BD/1BA units (approx. 580 sf) and four 2BD/1BA units (approx. 800 sf) on a 7,841 sf lot. A large basement provides shared laundry and four storage units, and six off-street parking spaces offer additional income potential. The property is surrounded by new construction, reflecting continued investment in the area. Located in an established Northeast Seattle neighborhood near Green Lake, Seattle Children’s Hospital, the University of Washington, I-5 and the Roosevelt light rail station. Solid in-place rents produce a 5.74% cap rate today. By finishing renovations as units turn over and adding in-unit washers and dryers to the 2BD units, a new owner has a clear path to a 7.13% cap rate at market rents.

2108 NE 85th Street, Seattle

Listing Broker: Opal Blue Real Estate, LLC; Grant Fosheim; 425-359-7259; Grant@OpalBlueRE.com

14527 NE 40th Street Unit #G105, Bellevue
$319,950
2 Beds ⋅ 1 Baths ⋅ 2593786 MLS ⋅ Arjanwood BLDG.
This might just be the best value in Bellevue! Discover this extensively remodeled 900 sq. ft., 2-bedroom, 1-bath condo showcasing exceptional craftsmanship, premium finishes, and thoughtful customization throughout. Stunning high-definition porcelain tile flooring with the look of hardwood flows throughout the home. The beautifully redesigned kitchen features an oversized island, quartz countertops, full-height glass subway tile backsplash, extra-large apron sink, soft-close cabinetry, custom pull-out storage, under-cabinet LED lighting, and premium appliances including an induction cooktop, built-in refrigerator, and wall oven. The primary bedroom features a custom-built closet system with sensor lighting and sliding doors. The upgraded bathroom offers an oversized shower with frameless glass enclosure, expansive mirrors, and timed heater. Additional highlights include a new electrical panel and updated wiring, electric fireplace, built-in surround sound speakers, subwoofer, included 65" wall-mounted TV, and washer and dryer. Enjoy the convenience of a dedicated covered parking space directly below the unit with elevator access, allowing you to skip the stairs! Ideally located near Microsoft, Bellevue College, public transportation, SR-520, and I-405. An incredible combination of high-end customization, everyday convenience, and exceptional Bellevue value!

14527 NE 40th Street Unit #G105, Bellevue

Listing Broker: Timber Real Estate; Chase Everson; 253-820-9376; chase@timberrealestate.com

516 Tiedeman Road SW, Lakebay
$474,999
3 Beds ⋅ 2 Baths ⋅ 2593773 MLS
A private setting, room to spread out and fresh updates await on approximately 1.7 acres in Lakebay. This 1,546 sq ft single-level home offers 3 bedrooms, 1.75 baths and an expansive recreation room. Vaulted ceilings enhance the open living spaces, while new luxury vinyl plank flooring extends through the main living area, kitchen, dining area, laundry and hallway. The kitchen features a walk-in pantry and brand-new stainless steel appliances, including a French-door refrigerator, range, microwave and dishwasher. The primary suite includes a walk-in closet and attached bath, with new carpet in all bedrooms. Additional updates include a new water heater, in-wall A/C unit and LED light fixtures throughout. Enjoy outdoor gatherings beneath the covered picnic area or evenings around the fire pit. A storage shed and fencing along two sides round out this spacious property.

516 Tiedeman Road SW, Lakebay

Listing Broker: Windermere Real Estate/East; Tammy Yao; 650-288-8242; tammy@vestus.com

1561 S MacArthur Street, Tacoma
$599,000
3 Beds ⋅ 2 Baths ⋅ 2593990 MLS ⋅ Mount-Narrow 2nd Add BLDG.
Welcome to this well-built 3-bedroom, 1.75-bath split-level home tucked away in a quiet, established neighborhood where privacy and convenience come together. Set against a peaceful greenbelt, the comfortable backyard offers a private retreat for relaxing, entertaining, or simply enjoying the outdoors. Inside, you'll find updated flooring, an updated kitchen and bathrooms, and a completely finished daylight basement offering flexible additional living space. A convenient mudroom off the back entrance provides even more versatility for everyday living, hobbies, storage, or a home office. The oversized 2-car garage is an added bonus, providing plenty of room for vehicles, tools, and storage.The roof was replaced in 2014, and the home has been thoughtfully maintained and updated over the years. No HOA! Enjoy easy access to freeways and nearby shopping, plus the convenience of being within walking distance of Saint Charles Borromeo and Geiger Elementary School. A rare opportunity to own a solid, well-maintained home with privacy, flexible living space, and a great location—competitively priced at $599,000. Come see what makes this special home such a wonderful place to live!

1561 S MacArthur Street, Tacoma

Listing Broker: RE/MAX Exclusive; Kay Wohlers; 253-565-1701; KayWohlers@remax.net

30211 10th Avenue S, Federal Way
$520,000
3 Beds ⋅ 1 Baths ⋅ 2593457 MLS
Single-level living with space to spread out! This three-bedroom Federal Way rambler welcomes you with a covered front porch and a living room featuring a wood-burning fireplace. A separate dining area adjoins the kitchen, while the generous bonus room offers flexibility for relaxing, hobbies, or a home office. Sliding doors open to a fully fenced backyard with room for gardening and outdoor gatherings. Lightly used stove, fridge, washer, and dryer give peace of mind. The attached garage add everyday convenience and space for a work shop of plenty of parking Enjoy nearby Mirror Lake Park, with the beaches and trails of Dash Point State Park a drive away. From evenings by the fire to summer meals outdoors, this home offers inviting spaces to enjoy throughout the year.

30211 10th Avenue S, Federal Way

Listing Broker: Every Door Real Estate; Hana Hawley; 206-536-4492; hanah@everydoorrealestate.com

6208 43rd Avenue NE, Seattle
$1,980,000
4 Beds ⋅ 4 Baths ⋅ 2593903 MLS
Nestled on a peaceful, tree-lined street among multi-million dollar estates in prime Hawthorne Hills, this luxury residence offers 4 bds, 3.5 bths & a dedicated den. The open-concept main level features soaring 9+ foot ceilings & abundant south/west natural light. At its heart, the chef’s kitchen highlights 3cm IvoriTaj quartz countertops & waterfall island, sleek modern cabinetry, premium Sub-Zero & Wolf appliances. The spacious primary suite is complete w/a stylish accent wall, a generous walk-in closet, & a spa-like bath dressed in luxurious Volakas marble. Designed for entertaining, the lower level offers a media room w/a projector screen & a wet bar; a bedroom & full bath ideal for guests or multi-generational living. Crafted w/the utmost quality, this home features engineered hardwood flooring throughout, radiant-heated bathroom floors, custom profiled baseboards & trim & a walk-in pantry w/custom cabinetry. An expansive private rooftop deck w/Space Needle view & city skyline. Modern conveniences abound, including commercial grade Access Point, zoned speakers, pre-wiring for motorized shades, screwless switch plates, Kohler sinks, Delta hardware, integrated security cameras, a smart doorbell, stylish stair lighting, & a hot water circulating system. An attached two-car garage w/ an EV charger outlet. Prime NW Seattle location, enjoy exceptional walkability to Bryant Playground, PCC & Metropolitan Market; quick access to UW, U Village & Seattle Children's Hospital.

6208 43rd Avenue NE, Seattle

Listing Broker: WeLakeside; Ling Drost; 206-876-0140; ling.drost@welakeside.com

10510 Olympic Place, Anderson Island
$11,000
2593945 MLS
Create the home you’ve always dreamed of on Anderson Island—where your vision comes to life from the ground up. This beautifully positioned, gently sloped lot offers the perfect canvas for your custom design, blending tranquility with convenience. Just moments from the beloved Anderson Island General Store & Cafe and the peaceful waters of Lake Florence and Josephine Lake, everyday living feels like a serene getaway. Surround yourself with natural beauty, with access to multiple freshwater lakes, lush parks, and endless outdoor adventures. As part of this vibrant island community, you’ll enjoy exclusive amenities including a scenic golf course, tennis and volleyball courts, playgrounds, and waterfront activities like boating, swimming, and fishing. Spend your days exploring quiet trails, biking under towering evergreens, or unwinding at the marina along the Sound. Life here feels like a retreat—yet it’s all just a short, picturesque ferry ride from Steilacoom/UP. With community events, concerts, and year-round recreation, this hidden gem offers the perfect blend of relaxation and connection. Your island sanctuary is calling—bring your vision, and make it yours.

10510 Olympic Place, Anderson Island

Listing Broker: Keller Williams Realty Bothell; Desyree Allen; 253-499-3521; desyreeallen@yahoo.com

325 E Main Street, Auburn
$749,900
2593887 MLS
Excellent investment and owner -user opportunity in the heart of downtown Auburn. This 3000 SF commercial building offers immediate income with an estimated church tenant paying $3000 per month, while the remaining space is ideal for an owner-user or additional rental income. High-visibility main street location with flexible commercial use, strong traffic exposure, and convenient access to SR- 167, Highway 18, and downtown amenities. An outstanding opportunity for investors, business owners, medical or professional offices, retail, service business, or a nonprofit organization. Commercially priced at only $236.67 per square foot, offering exceptional value in today's commercial market

325 E Main Street, Auburn

Listing Broker: Newberry Realty Renton; Fekade Tessema-Barke; 206-478-0740; homesbyfekade@hotmail.com

21405 124th Avenue SE, Kent
$599,000
3 Beds ⋅ 3 Baths ⋅ 2592619 MLS ⋅ Glencarin Div 02 BLDG.
Welcome to this 3-bedroom, 2.5-bath home nestled in an established neighborhood, just minutes from main freeways, shopping, dining, and everyday conveniences. The open-concept floor plan makes entertaining and hosting holiday gatherings easy, while the updated kitchen features beautiful countertops and solid wood flooring throughout. The spacious lower-level den offers flexibility for a home office, recreation room, or potential fourth bedroom. With room to add your personal touches, this home offers a great opportunity to create a space that truly feels like yours. Come see the possibilities for yourself and make it your own!

21405 124th Avenue SE, Kent

Listing Broker: KW Mountains to Sound Realty; Faviola Johnson; 206-743-4566; faviolarealtyllc@gmail.com

4418 N 8th Street, Tacoma
$399,950
3 Beds ⋅ 1 Baths ⋅ 2591883 MLS
Welcome to this charming 1934 Craftsman gem nestled in the highly desirable North Tacoma neighborhood. This 3 bed, 1 bath, 1.5-story home perfectly pairs timeless architectural character with everyday functionality. The light-filled main level features a cozy fireplace, a dedicated dining area, and a sweet breakfast nook perfect for morning coffee. With two bedrooms on the main floor and an additional private bedroom upstairs, the layout offers flexible living options. Downstairs, the basement provides the ultimate bonus space for a home office, gym, or media room. Step outside to your fully fenced backyard retreat, complete with a spacious deck, storage shed, access back yard via the convenient back alley. All this is situated just minutes from the University of Puget Sound, local parks, and Proctor District shopping.

4418 N 8th Street, Tacoma

Listing Broker: Horizon Real Estate; Donny Ball; 425-879-8972; donnyball@gmail.com

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Information courtesy of Intermountain Multiple Listing Service. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non‐commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. All listings provided by IMLS are marked with the official IMLS IDX icon.

Listings last updated . All information provided is deemed reliable but is not guaranteed and should be independently verified.

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. © 2026 PACMLS