96 Cascade Key, Bellevue, WA 98006
Presenting a rare opportunity to own 1.25 expansive acres with 175 feet of coveted low-bank waterfront in one of Bellevue’s most prestigious neighborhoods—Newport Shores. This exceptional property comes with approved architectural plans for a stunning residence, giving you the flexibility to build your dream home. The lot itself is ready for development—no existing home—allowing you to bring your vision to life. The community offers near-perfect level grade with sidewalks throughout and is located within the Bellevue School District, recognized in 2025 as the best in Washington State. Ideally situated on a private, quiet cul-de-sac, this location offers convenient proximity to Downtown Seattle, Bellevue, Sea-Tac Airport, and a wealth of amenities including shopping, fine dining, medical care, parks, and various commute options.
Designed for the Automotive Enthusiast
This house was designed with an ambitious car collector in mind. The current dimensions allow for an eighteen-car garage. Three cars on grade, with a design for an elevator in the middle stall to an underground fifteen car garage, with in floor heating, and glass wall viewing room. But this is also flexible, you can designate this space to use however the end user wishes.
Significant Time-Saving Opportunity
Timing advantage. Because all of the dirt work and the foundation are complete, the time in which the new owner could move into and start enjoying a completed home is significantly shorter. Most people know that building a home, especially on the waterfront, is a 2-3 year process. But with this particular lot, that time would be nearly cut in half, ensuring greater enjoyment and lower holding costs. If you're one of the people who values their time, this could be an incredible advantage for you.
The lot comes with a finished 8000 sq ft footprint/ foundation, with a grid of 69 auger cast pilings. Each piling is two and a half feet in diameter that goes down nearly 70 feet below the base. What this means is that every square inch of the existing foundation is load bearing ie, In other words, there is flexibility and freedom to build almost any home or type of structure you could dream of.
Buy With Confidence
This opportunity comes with city-approved plans and the option to work with a top-tier team: Baylis Architects and March-MacDonald Construction, known for crafting luxury waterfront estates throughout the region. Their work is backed by a comprehensive 10-year builder warranty. While you're welcome to use your own team, this builder-architect duo is considered the gold standard for building on the water.
Rare and Grandfathered Waterfront Features
Unique value. Several features that are grandfathered in include the completely refurbished 100-foot dock, the infinity pool, and the pool house. However, the dock itself is a big selling point due to the size of vessel it will accommodate. With current restrictive building codes and setbacks, you can no longer build docks to this length on Lake Washington, making this property one of the last remaining attainable lots that can accommodate yachts of this magnitude. Another hidden bonus about the dock is that it is built in a breakwater area, meaning during storms, the water is calmer, and whatever is moored there is less vulnerable to weather.
Maximum Design Flexibility
Flexibility is the name of the game. Because the foundation is so over-engineered, every square inch of it is load-bearing.
Over-Engineered Foundation: Flexibility is the name of the game. Because the foundation is so over-engineered, every square inch of it is load-bearing.
Build Up to 20,000 ft.²: This means you can build up to 8,000 sq ft on three levels for a total of 20,000 ft.² of living space.
Minimalist or Grand Design Options: Or, if you want to keep it humble, you could go with a minimalist design—one level with 8,000 sq ft.
Endless Variations & Personalization: The variations and options to do what you want, to personalize and perfect the design of the home, are up to you.
Prime Location with Exceptional Accessibility
This lot is flat from street to water, with the orientation of the home towards the street, so most of the available upland area is available for a private backyard—making an incredible waterfront venue capable of hosting weddings, gatherings, and casual get-togethers. The lot is located on a quiet street with ample guest parking. This makes hosting large gatherings easy because it's almost impossible to run out of guest parking on the street.
Walkable, Community-Focused Neighborhood with Convenient Access
The neighborhood itself is flat, with wide streets and sidewalks, which makes it perfect for walking or riding your bicycle. The neighborhood is very friendly and community-forward. And even though it's tucked away in what feels like its own little quiet part of the world, it's also in convenient proximity to Sea-Tac Airport, Downtown Seattle, Downtown Bellevue, and Mercer Island.
City Approved Plans
City-approved plans are included to expedite the process, though there’s no obligation to use them—you have the flexibility to design your own.
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Property Details
The property features a completed 8,000 sq ft foundation, transferable LLC ownership, and grandfathered elements like a 100-foot dock and pool house.
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Soil Report & Build Sheet Allowance
A soil report prepared for previous owners is available for reference, along with a detailed build sheet outlining estimated construction costs. Both are provided as helpful planning resources for future development.
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Welcome to Newport Shores: A Community. A Lifestyle.
Discover more about Newport Shores and the Newport Yacht Club. Click below for HOA details and learn what makes this waterfront community so special.
