Sold685d on market
4550 E Mercer Way
Mercer Island, WA, 98040 • 98040 • King County
$5,735,000
$1478/sqft
4Beds
3Baths
3,880Sqft
0.32 acLot
1956Built
Property DNA
Waterfront Property
Lake, No Bank
Lake Views
Lake
Northwest Contemporary Style
Built 1956 · 70 years of history
Ferncroft
98040
Outdoor Living
Ceramic Tile · Hardwood · Wall to Wall Carpet · Bath Off Primary · Double Pane/Storm Window · Dining Room · High Tech Cabling · Security System · Wet Bar · Wired for Generator · Fireplace · Water Heater
2 Fireplaces
Gas · Lower Level: 1 · Main Level: 1 · Fireplace
2-Car Garage
Attached Garage
Ceramic Tile & Hardwood Floors
Quality flooring throughout
This home is getting attention
Listed 685 days ago · 14 views
Market activity
Demand and pricing signals for this listing
14 views
People checking out this listing
685 days on market
Established listing
$1,478/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 25% 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 1956
Experience the ultimate in lakefront living in this one-of-a-kind Mercer Island retreat. This exceptional waterfront property features 75' of shorefront, large rolling lawn, sandy beach, brand new custom dock & unobstructed lake & Mt Rainier views. The light-filled, custom-designed floorplan flows seamlessly from kitchen to dining to living. A large hardwood deck blends indoor & outdoor spaces, making it ideal for everyday living & grand gatherings. A well-appointed chef’s kitchen features a large island, double oven, two dishwashers & plenty of seating for all. The two large view decks are perfect for relaxing, entertaining & taking in the views. Best of all, it’s located moments from top-rated Mercer Island schools, restaurants & parks.
Standout features identified
Our analysis highlights outdoor spaces, brand new custom dock, and large island as key attractions of this home.
Estimated monthly payment
Based on current rates
$35,711/month
Principal & Interest$28,064
Property Tax$5,735
Insurance$1,912
Down payment20% ($1,147,000)
3%50%
Est. 6.19% rate · 30yr fixed · $4,588,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1956
HeatingFireplace, 90%+ High Efficiency, Forced Air, Natural Gas
Cooling90%+ High Efficiency
Parking2 Attached Garage spaces
Lot0.32 Acres
Offer Review Date2024-05-13
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleNorthwest Contemporary
ConditionVery Good
Year built1956
Stories2
Systems
HeatingFireplace, 90%+ High Efficiency, Forced Air, Natural Gas
Cooling90%+ High Efficiency
RoofMetal,Torch Down
ConstructionWood Siding
Water / SewerPublic, Company: City Of Mercer Island / Available, Company: City of Mercer Island
Parking & Outdoor
ParkingAttached Garage
Garage2 spaces
BasementDaylight,Finished
Fireplaces2
Lot0.32 Acres
Location & Tax
Neighborhood98040
Annual tax$28,096
Parcel1824059082
Bathrooms & Fees
Full baths2
Features & details
14 categories of property features
Interior Features
Interior
Bath Off Primary
Dining Room
High Tech Cabling
Appliances
Dishwashers_
Double Oven
Dryer(s)
GarbageDisposal_
Microwaves_
Refrigerators_
StovesRanges_
Washer(s)
Dishwasher(s)
Garbage Disposal
Microwave(s)
Refrigerator(s)
Stove(s)/Range(s)
Water Heater: Gas
Water Heater Location: Utility Room - Lower Level
Flooring
Ceramic Tile
Hardwood
Carpet
Heating
Fireplace
90%+ High Efficiency
Forced Air
Natural Gas
Cooling
90%+ High Efficiency
Fireplace
Gas
Lower Level: 1
Main Level: 1
Fireplace
Windows
Double Pane/Storm Window
Exterior Features
Parking
Attached Garage
Construction
Wood Siding
Patio & Porch
Ceramic Tile
Hardwood
Wall to Wall Carpet
Bath Off Primary
Double Pane/Storm Window
Dining Room
High Tech Cabling
Security System
Wet Bar
Wired for Generator
Fireplace
Water Heater
Lot Features
Dead End Street
Paved
Deck
Dock
Gas Available
High Speed Internet
Irrigation
Moorage
Patio
Rooftop Deck
Sprinkler System
Security
Security System
Views
Lake
Other Equipment
Wired for Generator
Room details
14 rooms detailed
Master Bedroom
SecondBedroom
MainBedroom
LowerBedroom
LowerBathroom Full
LowerBathroom Full
SecondListing insights
Market data and value estimates
StatusSold
Days on market685
Est. value$5,534,300
Est. rent$6,132/mo
Tax rate0.82%
Price/sqft$1478
On marketMay 18, 2024
PostedMay 8, 2024
Last sold$5,735,000
MLS statusSold
MLS updatedMay 21, 2024
Tour days6
Views14
How are the schools in Mercer Island?
3 schools rated nearby
Location
Mercer Island, WA, 98040
Price history
11 events
DateEventPrice$/sqftSource
May 21, 2024Sold$5,735,000$1,478NWMLS as distributed by MLS GRID
May 10, 2024Pending Sale$5,495,000$1,416NWMLS as distributed by MLS GRID
May 8, 2024Listed For Sale$5,495,000$1,416NWMLS as distributed by MLS GRID
Oct 7, 2013Sold$2,239,000$577NWMLS as distributed by MLS GRID
Aug 29, 2013Pending Sale$2,239,000$577Windermere Real Estate/East, Inc.
Jul 14, 2013Listed For Sale$2,239,000$577Windermere Real Estate/East, Inc.
May 2, 2013Listing Removed$2,195,000$566Windermere Real Estate/East, Inc.
Apr 6, 2013Listed For Sale$2,195,000$566Windermere Real Estate/East, Inc.
Apr 1, 2013Pending Sale$2,195,000$566Windermere Real Estate/East, Inc.
Mar 13, 2013Listed For Sale$2,195,000$566Windermere Real Estate/East, Inc.
Sep 9, 2005Sold$1,850,000$477NWMLS as distributed by MLS GRID
Sold$5,735,000
May 21, 2024•$1,478/sqft•NWMLS as distributed by MLS GRID
Pending Sale$5,495,000
May 10, 2024•$1,416/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$5,495,000
May 8, 2024•$1,416/sqft•NWMLS as distributed by MLS GRID
Sold$2,239,000
Oct 7, 2013•$577/sqft•NWMLS as distributed by MLS GRID
Pending Sale$2,239,000
Aug 29, 2013•$577/sqft•Windermere Real Estate/East, Inc.
Listed For Sale$2,239,000
Jul 14, 2013•$577/sqft•Windermere Real Estate/East, Inc.
Listing Removed$2,195,000
May 2, 2013•$566/sqft•Windermere Real Estate/East, Inc.
Listed For Sale$2,195,000
Apr 6, 2013•$566/sqft•Windermere Real Estate/East, Inc.
Pending Sale$2,195,000
Apr 1, 2013•$566/sqft•Windermere Real Estate/East, Inc.
Listed For Sale$2,195,000
Mar 13, 2013•$566/sqft•Windermere Real Estate/East, Inc.
Sold$1,850,000
Sep 9, 2005•$477/sqft•NWMLS as distributed by MLS GRID
Tax history
21 years of records
YearTax paidAssessed value
Apr 7, 2024$28,976$4,425,000
Apr 7, 2023$28,199$4,096,000
Apr 7, 2022$28,096$4,581,000
Apr 7, 2021$25,214$3,424,000
Apr 7, 2020$24,197$3,023,000
Apr 7, 2019$24,281$3,074,000
Apr 7, 2018$23,722$3,157,000
Apr 7, 2017$26,433$3,047,000
Apr 7, 2016$20,004$2,743,000
Apr 7, 2015$20,004$2,484,000
Apr 7, 2014$20,004$2,287,000
Apr 7, 2013$20,004$2,177,000
Apr 7, 2012—$1,531,000
Apr 7, 2011—$1,608,000
Apr 7, 2010—$1,734,000
Apr 7, 2009—$1,734,000
Apr 7, 2007—$1,883,000
Apr 7, 2006—$1,575,000
Apr 7, 2005—$1,434,000
Apr 7, 2001$10,590$1,108,000
Apr 7, 2000$9,751$924,000
Nearby homes
Neighborhood details
Local context around this listing
Mercer Island, WA • King County
Nearby cities
AuburnBellevueBothellFederal WayKentKirklandRedmondRenton
Nearby zip codes
98040
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Based on information submitted to the MLS GRID as of 2026-04-07 07:28:28 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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