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$7,714,133

Listing Price

4beds

2baths

3,880sqft

28,009sqft lot

5265 W Mercer Way, Mercer Island, WA 98040

Member Features

Find Real Estate Bargain!

  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Off Market

Single Family

Home type

1988.18

Price / sqft

1941

Year built

Home Details

A rare west-facing Mercer Island waterfront legacy, this extraordinary offering presents a once in a generation opportunity to create an iconic estate. Set on approximately 28,000 square feet of private, forested grounds with 150 feet of shoreline, the property commands sweeping views of Seattles skyline, Seward Park, glowing sunsets, and the dynamic beauty of Lake Washington. The setting feels tranquil and secluded, yet remains moments from the heart of Mercer Island and within effortless reach of Seattle, Bellevue, Issaquah, and year round mountain recreation. A private dock supports an exceptional lakeside lifestyle with boating, swimming, paddleboarding, and long summer days on the water. The existing 3880 sq foot residence is rich in timeless character and presents an ideal candidate for a comprehensive gut renovation, preserving its soul while elevating it to modern luxury standards, or alternatively offers a compelling canvas for new construction that fully maximizes the premier west side waterfront setting. Located in one of Mercer Islands most coveted neighborhoods, this rare property benefits from top rated schools, a strong community, and enduring long term value through irreplaceable land and views.

Interior Details

Square Feet
  • 3880

Bedrooms
  • 4

Bathrooms
  • 2

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Forced Air With Air Conditioning

Cooling
  • Has Cooling:

    No

  • Cooling Type:

    N/A

Fuel
  • Has Fuel:

    Yes

  • Fuel Type:

    Gas

Basement
  • Has Basement:

    No

  • Basement Type:

    Full, Daylight

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 28009

Water
  • Yes

Sewer
  • Yes

Parking
  • Type:

    Garage, Attached

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    2

Deck
  • No

Patio
  • No

Fence
  • No

Pool
  • No

Porch
  • Yes

Stoop
  • No

Breezeway
  • No

Construction Details

Number of Stories
  • 1

Style
  • N/A

Exterior
  • N/A

Foundation
  • N/A

Roof
  • N/A

Roofing Material
  • N/A

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2020

$47,803

$6,092,000

$128,000

--%

$6,220,000

2020

$47,803

$5,796,000

$258,000

--%

$6,054,000

2019

$44,516

$5,683,000

$243,000

--%

$5,926,000

2018

$49,610

$5,465,000

$255,000

--%

$5,720,000

2017

$41,884

$4,996,000

$152,000

--%

$5,148,000

2015

$37,529

$4,180,000

$112,000

--%

$4,292,000

2014

$36,370

$3,914,000

$68,000

--%

$3,982,000

2012

$43,368

$3,994,000

$89,000

--%

$4,083,000

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Average Home Price in 98040

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Sold 10/06/2026

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4 Beds

3.25 Baths

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Sold 10/06/2026

$7,714,133

4 Beds

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Sold 10/06/2026

$3,336,661

5 Beds

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Sold 10/06/2026

$2,511,752

5 Beds

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Sold 10/06/2026

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Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
7,714,133
$
Down payment
1,542,826.6
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
46,284.79
$
HOA (Monthly)
0
$
PMI
0
$
$49,935
Your Payment
Total Monthly Payment:$49,935
Percent of Income:856%
Affordable:No

Details for 5265 W MERCER WAY

Property Debt

Foreclosure Contact Details