Sold574d on market
8431 85th Avenue SE
Mercer Island, WA, 98040 • 98040 • King County
$5,152,500
$4089/sqft
2Beds
1Baths
1,260Sqft
0.24 acLot
1944Built
Property DNA
Waterfront Property
Bank-Low, Bulkhead, Lake, No Bank
Scenic Views
City · Lake
Character Home
Built 1944 · 82 years of history
South End
98040
Outdoor Living
Concrete · Fireplace
1 Fireplace
Wood Burning · Main Level: 1 · Fireplace
This home is in high demand
Listed 574 days ago · 20 views · Top 6% likely to sell soon
Market activity
Demand and pricing signals for this listing
20 views
People checking out this listing
574 days on market
Established listing
$4,089/sqft
Price per square foot
Selling Soon Prediction
Very HighThis home ranks in the top 6% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Single Family · Built 1944
Rare opportunity to create your own waterfront oasis on the coveted South End of Mercer Island. 55 feet of lakefront and an existing private dock and exceptional views of Lake Washington and Mt. Rainier. 10,300 sq. ft. mostly level lot. The cute, 2 bedroom 1940's cottage is 1,260 sq. ft. needs work but with a new roof and some updates and maybe an addition would make a nice home! If you are looking to build a new house the lot provides an excellent opportunity in an area of very expensive homes. Bring your architect or builder and explore the many options. Enjoy the great view from the dock or from the large deck. Award winning Mercer Island schools and close to South End amenities. Contact your agent to view the property.
Standout features identified
Our analysis highlights private dock, large deck, and waterfront oasis as key attractions of this home.
Estimated monthly payment
Based on current rates
$32,084/month
Principal & Interest$25,214
Property Tax$5,153
Insurance$1,718
Down payment20% ($1,030,500)
3%50%
Est. 6.19% rate · 30yr fixed · $4,122,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1944
HeatingFireplace, Baseboard, Electric
CoolingForced Air
Parking2 Carport spaces
Lot10,301 sqft
Property
Home typeSingle Family
Sub-typeSingle Family Residence
ConditionFair
Year built1944
Stories1
Systems
HeatingFireplace, Baseboard, Electric
CoolingForced Air
RoofFlat
ConstructionWood Siding
Water / SewerPublic, Company: City of Mercer Island / Sewer Connected, Company: City of Mercer Island
Parking & Outdoor
ParkingDetached Carport
BasementNone
Fireplaces1
Lot10,301 sqft
Location & Tax
Neighborhood98040
Annual tax$19,455
Parcel0736100170
Bathrooms & Fees
Full baths1
Features & details
10 categories of property features
Interior Features
Flooring
Concrete
Heating
Fireplace
Baseboard
Electric
Cooling
Forced Air
Fireplace
Wood Burning
Main Level: 1
Fireplace
Exterior Features
Parking
Detached Carport
Construction
Wood Siding
Patio & Porch
Concrete
Fireplace
Lot Features
Dead End Street
Paved
Deck
Dock
Gas Available
High Speed Internet
Moorage
Views
City
Lake
Utilities
Xfinity
Room details
6 rooms detailed
Bedroom
MainBedroom
MainBathroom Full
MainGreat Room
MainKitchen Without Eating Space
MainUtility Room
MainListing insights
Market data and value estimates
StatusSold
Days on market574
Est. value$4,771,600
Est. rent$3,448/mo
Tax rate0.82%
Price/sqft$4089
On marketSep 4, 2024
PostedJul 16, 2024
Last sold$5,152,500
MLS statusSold
MLS updatedSep 9, 2024
Tour days6
Views20
How are the schools in Mercer Island?
3 schools rated nearby
Location
Mercer Island, WA, 98040
Price history
8 events
DateEventPrice$/sqftSource
Sep 9, 2024Sold$5,152,500$4,089NWMLS as distributed by MLS GRID
Jul 20, 2024Pending Sale$4,950,000$3,929NWMLS as distributed by MLS GRID
Jul 16, 2024Listed For Sale$4,950,000$3,929NWMLS as distributed by MLS GRID
Dec 1, 2019Listing Removed$2,779,000$2,206John L Scott Real Estate
Nov 5, 2019Listed For Sale$2,779,000$2,206John L Scott Real Estate
Oct 17, 2019Pending Sale$2,779,000$2,206John L Scott Real Estate
Aug 3, 2019Listed For Sale$2,779,000$2,206John L Scott Real Estate
Apr 24, 1995Sold$484,500$385Public Record
Sold$5,152,500
Sep 9, 2024•$4,089/sqft•NWMLS as distributed by MLS GRID
Pending Sale$4,950,000
Jul 20, 2024•$3,929/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$4,950,000
Jul 16, 2024•$3,929/sqft•NWMLS as distributed by MLS GRID
Listing Removed$2,779,000
Dec 1, 2019•$2,206/sqft•John L Scott Real Estate
Listed For Sale$2,779,000
Nov 5, 2019•$2,206/sqft•John L Scott Real Estate
Pending Sale$2,779,000
Oct 17, 2019•$2,206/sqft•John L Scott Real Estate
Listed For Sale$2,779,000
Aug 3, 2019•$2,206/sqft•John L Scott Real Estate
Sold$484,500
Apr 24, 1995•$385/sqft•Public Record
Tax history
21 years of records
YearTax paidAssessed value
Apr 7, 2024$19,723$3,011,000
Apr 7, 2023$19,475$2,828,000
Apr 7, 2022$19,405$3,163,000
Apr 7, 2021$17,413$2,364,000
Apr 7, 2020$16,718$2,088,000
Apr 7, 2019$15,670$1,983,000
Apr 7, 2018$15,312$2,037,000
Apr 7, 2017$17,060$1,966,000
Apr 7, 2016$12,915$1,770,000
Apr 7, 2015$12,915$1,603,000
Apr 7, 2014$12,915$1,476,000
Apr 7, 2013$12,915$1,277,000
Apr 7, 2012—$1,178,000
Apr 7, 2011—$1,236,000
Apr 7, 2010—$1,333,000
Apr 7, 2009—$1,333,000
Apr 7, 2007—$934,000
Apr 7, 2006—$863,000
Apr 7, 2005—$786,000
Apr 7, 2001$7,638$799,000
Apr 7, 2000$7,030$666,000
Nearby homes
Neighborhood details
Local context around this listing
Mercer Island, WA • King County
Nearby cities
AuburnBellevueBothellFederal WayKentKirklandRedmondRenton
Nearby zip codes
98040
Similar homes
Based on information submitted to the MLS GRID as of 2026-04-07 10:48:41 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)
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