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

188 Bellevue Way NE Unit #2102, Bellevue

$3,895,000

3 Beds ⋅ 3 Baths ⋅ 2594006 MLS ⋅ One88 BLDG.

Experience elevated penthouse living at One88 in the heart of downtown Bellevue. This exceptional northeast corner penthouse showcases floor-to-ceiling windows, soaring 10-foot ceilings, and two private terraces with captivating views and abundant natural light. Designed for effortless living and entertaining, the open great room features wide-plank hardwood floors and a chef's kitchen centered around an expansive waterfall island with Gaggenau appliances and sleek contemporary finishes. The luxurious primary suite offers a generous walk-in closet and spa-inspired bath with a striking herringbone porcelain tile shower. A spacious den provides exceptional flexibility for a home office, gym or media room. A rare private gated two-car garage completes this extraordinary residence along with a storage unit. Enjoy world-class amenities including 24/7 concierge, indoor pool, steam room, fitness and spin studios, virtual golf, owners' lounge, and garden terraces, all just steps from The Bellevue Collection, Main Street, acclaimed dining, parks, and Bellevue's vibrant urban lifestyle.

188 Bellevue Way NE Unit #2102, Bellevue

Listing Broker: Windermere Real Estate/East; Don Weintraub; 425-880-2584; don@windermere.com

$712,000

3 Beds ⋅ 4 Baths ⋅ 2593219 MLS ⋅ Lawton Park Townhomes BLDG.

Imagine waking up to sunrises over Salmon Bay and the Cascades as part of your daily rhythm. Perched high at the end of a quiet Magnolia cul-de-sac, this corner-unit home feels exceptionally private. But what truly sets this home apart is the space: generous interiors, expansive outdoor living, a rare two-car garage and abundant storage give you room to truly settle in. Three bedrooms, each with its own ensuite bath, give everyone a space of their own, while an updated kitchen and A/C bring comfort and ease to everyday living. Outside, enjoy the largest patio in the community, with ample space to garden, BBQ, entertain or relax. The rare two-car garage has room for cars, tools, and all the PNW gear you can imagine, while a massive lower-level storage area gives everything else a place to land. A well-run HOA covers water, sewer, garbage, landscaping and exterior maintenance, leaving you more time to simply enjoy where you live. Follow the neighborhood trail across the street to Lawton Park, wander through all 534 acres of Discovery Park, or stroll to Fisherman’s Terminal. Enjoy easy access to Magnolia’s favorite shops and restaurants, top-rated schools, and an easy commute to Downtown Seattle and SLU. Close to the city, yet surrounded by nature. This is Magnolia living with room to breathe!

3802 25th Avenue W, Seattle

Listing Broker: Berkshire Hathaway HS NW; Angelica Thrasher; 360-348-9337; angelicathrasher@bhhsnwre.com

$714,000

4 Beds ⋅ 3 Baths ⋅ 2566283 MLS

Classic well-maintained brick rambler with timeless curb appeal, mature landscaping, & inviting character. Refinished hardwood floors, warm wood trim, wood-wrapped Andersen double-pane windows, & brick wood-burning fireplace with Fisher insert. Glass pocket doors connect the living, dining, family, & recreation rooms, creating flexible spaces for everyday living & entertaining. Bright kitchen features oak cabinetry, Corian counters, skylights, & garden window. The dining area opens to the patio, while the family room offers a cozy gas fireplace. Flexible rooms provide options for a home office, hobby room, playroom, or additional living space. Primary suite includes a private ¾ bath and WIC with built-ins. The updated bath features a tiled walk-in shower, frameless glass, rainfall showerhead, & modern vanity. 2 additional bedrooms offer hardwood floors & built-ins, while the hall bath includes heated tile floors & skylight. Enjoy the landscaped backyard with a Japanese maple, raised garden beds, & patio for relaxing or entertaining. Additional features include an attached 2-car garage, generous driveway, storage shed, & extra parking. Notable updates:Water heaters (‘20 and ‘26), PEX water lines (‘22), HVAC (‘23), renovated primary bath (‘24), washer, dryer, & dishwasher (‘22), extensive tree maintenance (‘25), & plumbing/re-piping improvements & recessed lighting (‘26). Conveniently located approximately 1 mile from the light rail station, elementary school, & middle school.

3806 S 272nd Street, Kent

Listing Broker: eXp Realty; Ken Crotts; 425-432-8600; Ken@KenCrotts.com

$3,500,000

3 Beds ⋅ 3 Baths ⋅ 2590370 MLS

Enjoy effortless single-level living with expansive westerly lake views, shared waterfront, parking, and moorage. Thoughtfully updated throughout, the home features a chef’s kitchen with professional-grade appliances, beautifully refreshed baths, and a newer laundry/mudroom. Vaulted ceilings and a dramatic wall of windows fill the main level with natural light and showcase the stunning outlook, while a spacious patio and deck create a peaceful setting for outdoor living and entertaining. From the garage entry, the fully equipped main level offers true everyday convenience. Downstairs, a private en-suite provides flexible space for a home office, media or recreation room, or comfortable guest quarters. New Dock 2024

7731 SE 58th ST, Mercer Island

Listing Broker: Windermere Mercer Island; Allen Hovsepian; 206-232-0446; allen@housetip.com

$1,299,900

4 Beds ⋅ 2 Baths ⋅ 2592318 MLS

Perched high on the western slope of upper Queen Anne, this turnkey classic combines timeless charm with effortless modern living. You'll love the light-filled living spaces, the softwoods, the hardwoods, high ceilings, and upstairs view west of the Puget Sound and Olympic Mountains. A spacious chef’s kitchen anchors this entertainer's dream, with generous counter space, premium appliances, including a wine fridge set into the custom island with eating space. Step directly outside to your private, fenced backyard sanctuary—complete with lush planting beds for the urban gardener and a great patio. The large dining area adjacent to the light filled living room feel timeless. All this and a rare, spacious two-car garage to boot. Carefully prepared and preinspected. Perfectly situated in one of Seattle’s most walkable and celebrated neighborhoods, you'll never get tired of strolling down tree-lined streets on the crown of Queen Anne to morning coffee and pastries at Macrina Bakery, or picking up fresh essentials and specialty wines at Ken’s Market. Dine out every night at local favorites like Malena’s Taco Shop, Grappa, and How to Cook a Wolf, or take an evening loop around the iconic streets. With all major systems dialed in, sparkling sound views, and an unbeatable lifestyle right outside your door, this West Queen Anne treasure is completely move-in ready. Inquire with Listing Agent about the unique fully financed ADU program available here, adding income and value! Come see!

1824 8th Avenue W, Seattle

Listing Broker: COMPASS; Gavin Gregory; 206-395-6266; gavin.gregory@compass.com

$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

$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

$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

$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

$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

$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

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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