For Sale60d on market
3840 E Mercer Way
Mercer Island, WA, 98040 • 98040 • King County
$9,800,000
$1602/sqft
Down payment assistance available
5Beds
5Baths
6,117Sqft
0.62 acLot
1983Built
Property DNA
Waterfront Property
Low Bank, Bulkhead, Lake
Scenic Views
Lake · Territorial
Contemporary,Multi Level Style
Built 1983 · 43 years of history
Eastside
98040
Outdoor Living
Second Primary Bedroom · Bath Off Primary · Double Pane/Storm Window · Dining Room · Elevator · Fireplace · French Doors · Security System · Skylight(s) · SMART Wired · Walk-In Closet(s) · Water Heater · Wet Bar · Wine Cellar · Wired for Generator
3 Fireplaces
Electric · Main Level: 3 · Fireplace
Garage
Attached Garage
Ceramic Tile & Hardwood Floors
Quality flooring throughout
This home is getting attention
Listed 60 days ago · 2,581 views · 107 saves
Market activity
Demand and pricing signals for this listing
2,581 views
People checking out this listing
107 saves
Buyers have saved this home
60 days on market
Established listing
$1,602/sqft
Price per square foot
About this home
Single Family · Built 1983
Magnificent Modern Waterfront! Custom-built & recently transformed into an elevated lakeside oasis: 154’ prime lakefront, re-decked deepwater dock w/ covered boat lift, built-in BBQ & level lawn. Ideal Northend location – dream commute! Spectacular full remodel w/ gourmet kitchen, updated baths, elevator, new fixtures, lighting, windows, flooring, siding & more. Light, bright spaces w/ clean lines & walls of windows taking in panoramic lake & mtn views from nearly every room. Incredible layout w/ space for all: 4 of 5 BDRs up together incl. luxe owner’s suite w/ private deck & 5-pc bath. 4 more baths+ office & gym/flex 6th BDR. Soaring ceilings w/ nana doors seamlessly connect to outdoor entertaining spaces. Waterfront living at its finest.
Standout features identified
Our analysis highlights level lawn, gourmet kitchen, and built-in bbq as key attractions of this home.
Estimated monthly payment
Based on current rates
$61,023/month
Principal & Interest$47,957
Property Tax$9,800
Insurance$3,267
Down payment20% ($1,960,000)
3%50%
Est. 6.19% rate · 30yr fixed · $7,840,000 loan
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At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1983
HeatingFireplace, Ductless, Forced Air, Heat Pump, Radiant, Electric, Natural Gas
CoolingDuctless, Forced Air, Heat Pump
Parking2 Attached Garage spaces
Lot0.62 Acres
Days on Zillow60 Days
Price/sqft$1,602
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleContemporary,Multi Level
ConditionVery Good
Year built1983
Systems
HeatingFireplace, Ductless, Forced Air, Heat Pump, Radiant, Electric, Natural Gas
CoolingDuctless, Forced Air, Heat Pump
RoofFlat
ConstructionCement/Concrete, Metal/Vinyl, Wood Siding
Water / SewerPublic, Company: City of Mercer Island / Sewer Connected, Company: City of Mercer Island
Parking & Outdoor
ParkingAttached Garage
BasementNone
Fireplaces3
Lot0.62 Acres
Location & Tax
Neighborhood98040
ZoningR-9.6
Annual tax$41,926
Parcel0824059038
Bathrooms & Fees
Full baths2
Features & details
14 categories of property features
Interior Features
Interior
Bath Off Primary
Dining Room
Appliances
Dishwasher(s)
Disposal
Double Oven
Dryer(s)
Microwave(s)
Refrigerator(s)
Stove(s)/Range(s)
Washer(s)
Garbage Disposal
Water Heater: Gas
Water Heater: 2 40 gal water heaters
Water Heater Location: Mechanical room
Flooring
Ceramic Tile
Hardwood
Carpet
Heating
Fireplace
Ductless
Forced Air
Heat Pump
Radiant
Electric
Natural Gas
Cooling
Ductless
Forced Air
Heat Pump
Fireplace
Electric
Main Level: 3
Fireplace
Windows
Double Pane/Storm Window
Skylight(s)
Exterior Features
Parking
Attached Garage
Construction
Cement/Concrete
Metal/Vinyl
Wood Siding
Patio & Porch
Second Primary Bedroom
Bath Off Primary
Double Pane/Storm Window
Dining Room
Elevator
Fireplace
French Doors
Security System
Skylight(s)
SMART Wired
Walk-In Closet(s)
Water Heater
Wet Bar
Wine Cellar
Wired for Generator
Lot Features
Dead End Street
Paved
Cable TV
Dock
Gas Available
High Speed Internet
Irrigation
Moorage
Patio
Sprinkler System
Security
Security System
Views
Lake
Territorial
Other Equipment
Wired for Generator
Room details
19 rooms detailed
Master Bedroom
Bedroom
Bedroom
Bedroom
Bedroom
Bathroom Full
Listing insights
Market data and value estimates
StatusFor Sale
Days on market60
Est. value$9,148,600
Est. rent$7,804/mo
Tax rate0.82%
Price/sqft$1602
On marketFeb 4, 2026
PostedFeb 5, 2026
Last sold$4,650,000
MLS statusActive
MLS updatedFeb 6, 2026
Tour days9
Views2,581
Favorites107
How are the schools in Mercer Island?
3 schools rated nearby
Location
Mercer Island, WA, 98040
Price history
7 events
DateEventPrice$/sqftSource
Feb 5, 2026Listed For Sale$9,800,000$1,602NWMLS as distributed by MLS GRID
Jul 20, 2018Sold$4,650,000$760NWMLS as distributed by MLS GRID
May 10, 2018Pending Sale$4,750,000$777Windermere Real Estate Midtown
Apr 24, 2018Listed For Sale$4,750,000$777Windermere Real Estate Midtown
Nov 21, 2017Listing Removed$4,950,000$809Windermere Real Estate Midtown
Aug 11, 2017Price Change$4,950,000$809Windermere Real Estate Midtown
Mar 28, 2017Listed For Sale$5,500,000$899Windermere Real Estate Midtown
Listed For Sale$9,800,000
Feb 5, 2026•$1,602/sqft•NWMLS as distributed by MLS GRID
Sold$4,650,000
Jul 20, 2018•$760/sqft•NWMLS as distributed by MLS GRID
Pending Sale$4,750,000
May 10, 2018•$777/sqft•Windermere Real Estate Midtown
Listed For Sale$4,750,000
Apr 24, 2018•$777/sqft•Windermere Real Estate Midtown
Listing Removed$4,950,000
Nov 21, 2017•$809/sqft•Windermere Real Estate Midtown
Price Change$4,950,000
Aug 11, 2017•$809/sqft•Windermere Real Estate Midtown
Listed For Sale$5,500,000
Mar 28, 2017•$899/sqft•Windermere Real Estate Midtown
Tax history
21 years of records
YearTax paidAssessed value
Apr 7, 2024$41,926$6,404,000
Apr 7, 2023$42,185$6,129,000
Apr 7, 2022$42,027$6,854,000
Apr 7, 2021$37,716$5,123,000
Apr 7, 2020$37,803$4,724,000
Apr 7, 2019$35,759$4,528,000
Apr 7, 2018$40,236$5,356,000
Apr 7, 2017$44,841$5,170,000
Apr 7, 2016$33,920$4,653,000
Apr 7, 2015$33,920$4,214,000
Apr 7, 2014$33,920$3,879,000
Apr 7, 2013$33,920$3,357,000
Apr 7, 2012—$3,095,000
Apr 7, 2011—$3,250,000
Apr 7, 2010—$3,504,000
Apr 7, 2009—$3,504,000
Apr 7, 2007—$3,271,000
Apr 7, 2006—$2,969,000
Apr 7, 2005—$2,703,000
Apr 7, 2001$21,480$2,248,000
Apr 7, 2000$19,770$1,874,000
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 08:33:35 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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