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$5,500,000

Listing Price

4beds

5baths

4,450sqft

23,591sqft lot

4802 E Mercer Way, Mercer Island, WA 98040

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  • Full foreclosure details

  • Home value, equity and ownership info

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For Sale

Off Market

Single Family

Home type

1182.82

Price / sqft

1980

Year built

Home Details

Where Legacy Meets Waterfront LivingnnNestled along coveted East Mercer Way, this east-facing waterfront estate offers more than 100 feet of private shoreline with panoramic views of Lake Washington and Mount Rainier. Designed as a custom home with timeless architectural detail and strong bones, the residence presents a rare opportunity: move in and refresh, embark on a luxury remodel, or explore redevelopment potential.nnThe property includes two primary suites, flexible living areas, and a back wing ideal for a MIL apartment or private quarters with kitchen and baths. A three-car garage with EV charging station, extensive storage, and generous ceiling details reflect the thoughtful design throughout. The gentle slope to the home, calm waters at this end of the island, and quick access north or south along East Mercer Way combine to make the setting both serene and convenient.nWaterfront amenities are exceptional. Ownership conveys 75% of the shared community dock, serving just five homes. This includes two slips on the front and south side, moorage for a 40-foot deep-keel sailboat, an electric lift for an 8,000 pound motorboat, and a 5,300 pound floatplane lift. An auxiliary structure between the subject property and its neighbor provides additional shared storage space.nnAdding to its distinction, the home is part of Mercer Islands historic Appleton community the site of the islands first settler in 1885. This heritage lends a sense of permanence and legacy, offering the n

Interior Details

Square Feet
  • 4450

Bedrooms
  • 4

Bathrooms
  • 5

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Heat Pump

Cooling
  • Has Cooling:

    No

  • Cooling Type:

    N/A

Fuel
  • Has Fuel:

    Yes

  • Fuel Type:

    Electric

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
  • 23591

Water
  • Yes

Sewer
  • Yes

Parking
  • Type:

    Garage, Attached

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    4

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

$31,590

$2,997,000

$850,000

--%

$3,847,000

2020

$31,590

$2,931,000

$1,069,000

--%

$4,000,000

2019

$30,863

$2,991,000

$1,117,000

--%

$4,108,000

2018

$34,392

$2,876,000

$1,089,000

--%

$3,965,000

2017

$30,017

$2,629,000

$1,060,000

--%

$3,689,000

2015

$26,900

$2,200,000

$876,000

--%

$3,076,000

2014

$26,745

$2,346,000

$582,000

--%

$2,928,000

2012

$30,983

$2,163,000

$1,090,000

--%

$3,253,000

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Average Home Price in 98040

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5 Beds

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$2,703,247

4 Beds

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$2,799,800

5 Beds

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Sold 09/29/2026

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5 Beds

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Sold 10/06/2026

$3,243,488

3 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
5,500,000
$
Down payment
1,100,000
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
33,000
$
HOA (Monthly)
0
$
PMI
0
$
$35,603
Your Payment
Total Monthly Payment:$35,603
Percent of Income:610%
Affordable:No

Details for 4802 E MERCER WAY

Property Debt

Foreclosure Contact Details

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