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

16511 193rd Avenue, Bonney Lake
$749,950
3 Beds ⋅ 3 Baths ⋅ 2591546 MLS
Nestled in a quiet community just down the street from the vibrant Tehaleh community with its scenic parks & trails, this fantastic home offers the ultimate private sanctuary on a lush, tree-lined 1.22-acre lot. Designed for both comfort & peace of mind, the property features major updates including a newer roof, heat pump, and A/C. Inside you’ll enjoy brand-new carpet, fresh interior paint, and an inviting layout. The main level includes a spacious living room centered around a cozy wood stove, flowing seamlessly into the dining area and generous kitchen complete with a garden window, sleek black appliances, and a large pantry. Step outside onto the expansive covered deck to relax or host gatherings while overlooking your serene backyard oasis. The lower level provides exceptional flexibility, offering a large family room, hot tub room, a versatile office, a bonus/guest room, and brand-new LVP flooring in the half bath. Additional highlights include an attached 2-car garage and a long driveway with ample space for RVs, trailers & guests. Enjoy peaceful country living while remaining just a few miles from the Bonney Lake shopping district. Plus, Bonus Opportunity: The neighboring 1.21-acre vacant lot is also available for purchase - an incredible chance to expand your footprint or create your dream property. Your private sanctuary awaits - schedule your showing today!

16511 193rd Avenue, Bonney Lake

Listing Broker: John L. Scott, Inc; Josh Hall; 253-267-8585; joshhall@johnlscott.com

16654 NE 12th Street, Bellevue
$1,868,000
4 Beds ⋅ 4 Baths ⋅ 2593125 MLS ⋅ 16654 NE 12th St Condominium BLDG.
East Bellevue new construction with the floor plan buyers are looking for: four bedrooms on the upper level, a private lower-level office, attached two-car garage, mudroom, fenced yard, and refined designer finishes minutes from Bridle Trails, Lake Sammamish, Microsoft, and Bellevue amenities. The main level offers an open, light-filled layout with a seamless connection between the kitchen, dining, and living spaces. The kitchen features a large island, JennAir appliance package, custom cabinetry, and elevated finishes that bring both style and function to the heart of the home. The living area is anchored by a fireplace and opens to the fenced outdoor space, creating an easy flow for everyday living and entertaining. Upstairs, all four bedrooms are thoughtfully positioned on one level, including a spacious primary suite with a spa-inspired bath and walk-in closet. The lower-level office provides valuable flexibility for working from home, hobbies, or additional lifestyle needs. A mudroom, attached two-car garage, and smart storage throughout add practical convenience to the home’s modern design. Located in a convenient East Bellevue setting near parks, trails, Lake Sammamish, major employers, shopping, dining, and commuter routes, this home offers new construction comfort, thoughtful design, and a highly functional layout in one of Bellevue’s most connected locations.

16654 NE 12th Street, Bellevue

Listing Broker: The Agency Seattle; Melissa Harris; 206-853-9825; melissa@melissaharrisre.com

606 278th Avenue NE, Redmond
$2,395,000
4 Beds ⋅ 5 Baths ⋅ 2593008 MLS
Absolutely idyllic Redmond craftsman style farmhouse on shy private 5 acres perfect for a hobby farm. From the moment you turn into the gated property you'll fall in love with the welcoming feeling when you see the treehouse and full wraparound country porch with a hanging bench swing. Rear yard has tons of play spaces for playground equipment, gardening, horses, goats, chickens, rabbits, and even hosting outdoor backyard concerts. Spacious main home has wide-open circular floor plan with double height ceilings and large spaces perfect for entertaining and spreading out. Main floor greets you with open foyer framed with a bench seat drop zone and then comes around to an open kitchen with pantry, large great room and additional formal living area. Upper floor has a generous primary suite with two additional bedrooms with their own bathroom and walk-in closets separated by a huge loft area. Lower floor main home is a fully finished walk-out with huge recreation room, laundry area, and tons of storage. One of our favorite features is the spacious 4 car garage/1,152sqft carriage house that adds an additional 4th bedroom with bathroom and living area perfect for a hang out space, guest quarters, or home office. Current owner has been able to generate consistent Airbnb rental income. Located just steps away to Soaring Eagle Park which has 790 acres of mature forests and wildlife habitat. 5 minutes to Alderra Golf Club and under 30 minutes to Microsoft and downtown Bellevue.

606 278th Avenue NE, Redmond

Listing Broker: COMPASS; Tere Foster; 425-637-8373; teamfoster@fosterrealty.com

19619 SE 264th, Covington
$599,950
3 Beds ⋅ 2 Baths ⋅ 106468584 MLS
Seller is offering assistance toward buyer closing costs or an interest-rate buydown with an acceptable offer.Set on a quiet cul-de-sac, this spacious 3-bedroom, 2.5-bath home offers 2,040 sq. ft. of flexible living space, a large fully fenced backyard, and a brand-new permitted 20’ x 12’ powered outbuilding—perfect for a home studio, workshop, hobby space or gym. Major recent improvements include a brand-new high-efficiency furnace, upgraded electrical panel with capacity for a generator or spa, and a new gas convection range. The open main level connects the kitchen, dining and living spaces to an expansive outdoor deck, creating an ideal layout for everyday living and entertaining. The updated kitchen features custom soft-close cabinetry, granite countertops, stainless steel appliances, tile flooring, island seating and a skylight that fills the space with natural light. Two brick fireplaces add character on both levels. The spacious lower-level family room includes built-in bookcases and an 80-inch mounted TV, while a separate office/flex space and full bath provide excellent work-from-home, guest or multi-generational possibilities. High-speed internet and surround-sound wiring are available on both levels. Outside, enjoy an oversized fully fenced backyard, expansive deck, covered brick patio, garden shed and the newly constructed permitted outbuilding with electricity. Move-in ready with major system upgrades already completed and flexible spaces inside and out.

19619 SE 264th, Covington

Courtesy of Coldwell Banker Bain

417 Parkside Walk Unit #Lot 37, Sammamish
$1,199,990
4 Beds ⋅ 4 Baths ⋅ 2592976 MLS
Walk from your front door down the "Parkside Walk" Path to Sammamish Commons Park, where a direct connection to nature brings peaceful, Zen-inspired moments. **Parkside by Terrene Homes** is a rare pairing of modern luxury and an unbeatable location - an extraordinary park-side setting. Thoughtfully designed for the way you live, these residences feature expansive, light-filled interiors, open-concept living spaces, and elevated finishes that balance sophistication with everyday comfort. Wide-plank hardwood floors set the tone for inviting main living areas, where entertaining comes naturally. Chef-inspired kitchens feature oversized islands, Bosch appliances, custom cabinetry, and quartz countertops, creating beautiful spaces for gathering. Upstairs, spa-inspired primary suites offer a serene retreat and 2 additional bedrooms on the same floor. Flexible floor plans includes a well-appointed guest suite ideal for multigenerational living, or a home office. Energy-efficient systems, EV-ready two-car garages, and quality craftsmanship add convenience and lasting value. Just outside your door, the "Parkside Walk" path connects you to Sammamish Commons Park, with its winding trails, expansive green spaces, playgrounds & opportunities to recharge in nature. Located within Sammamish's Tier 1 school district, home to some of Washington's top-ranked schools, and just minutes from major tech campuses, Parkside offers an exceptional blend of convenience, community, and natural beauty.

417 Parkside Walk Unit #Lot 37, Sammamish

Listing Broker: Realogics Sotheby's Int'l Rlty; Tom Skepetaris; 206-935-6262; email@tomandrebecca.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