Sold189d on market
5665 E Mercer Way
Mercer Island, WA, 98040 • 98040 • King County
$2,040,000
$593/sqft
5Beds
4Baths
3,440Sqft
0.55 acLot
1977Built
Property DNA
Waterfront Property
Direct water access
Scenic Views
Lake · Territorial
Northwest Contemporary Style
Built 1977 · 49 years of history
East Mercer
98040
Outdoor Living
Bath Off Primary · Ceiling Fan(s) · Double Pane/Storm Window · Dining Room · Fireplace · Hot Tub/Spa · Security System · Skylight(s) · Vaulted Ceiling(s) · Water Heater · Wet Bar · Wired for Generator
3 Fireplaces
Gas · Wood Burning · Lower Level: 1 · Main Level: 2 · Fireplace
Ceramic Tile & Hardwood Floors
Quality flooring throughout
This home is getting attention
Listed 189 days ago · 16 views
Market activity
Demand and pricing signals for this listing
16 views
People checking out this listing
189 days on market
Established listing
$593/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 15% 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 1977
A REMARKABLE HOME. AN EVEN MORE REMARKABLE VALUE! Sited on over 1/2 an acre with sparkling lake views from most every window, this iconic NW contemporary home is one you won't want to miss! Its spacious, versatile layout is ideal whether you’re entertaining friends in the lofty living and dining areas, gathering in the grand yet cozy family room, or escaping to the privacy of your luxe top-floor owner’s suite with a private lakeside balcony. Don’t miss the hidden swim spa where you can unwind alongside lake views. Extras such as A/C, solar panels, Tesla Powerwall and a whole house generator/battery backup system give year-round comfort and peace of mind. You’ll love the tons of storage, friendly neighborhood, and top rated schools. Hurry!
Standout features identified
Our analysis highlights hidden swim spa, sparkling lake views, and private lakeside balcony as key attractions of this home.
Estimated monthly payment
Based on current rates
$12,703/month
Principal & Interest$9,983
Property Tax$2,040
Insurance$680
Down payment20% ($408,000)
3%50%
Est. 6.19% rate · 30yr fixed · $1,632,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1977
HeatingFireplace, Ductless, Heat Pump, Electric, Natural Gas, Solar (Unspecified)
CoolingDuctless, Heat Pump
Parking2 Carport spaces
Lot0.55 Acres
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleNorthwest Contemporary
Year built1977
Stories2
Systems
HeatingFireplace, Ductless, Heat Pump, Electric, Natural Gas, Solar (Unspecified)
CoolingDuctless, Heat Pump
RoofComposition
ConstructionWood Siding
Water / SewerPublic, Company: City of Mercer Island / Sewer Connected, Company: City of Mercer Island
Parking & Outdoor
ParkingDetached Carport, Driveway
BasementDaylight,Finished
Fireplaces3
Lot0.55 Acres
Location & Tax
Neighborhood98040
Annual tax$13,172
Parcel1924059037
Bathrooms & Fees
Full baths2
Features & details
15 categories of property features
Interior Features
Interior
Bath Off Primary
Ceiling Fan(s)
Dining Room
Appliances
Dishwasher(s)
Disposal
Dryer(s)
Microwave(s)
Refrigerator(s)
Trash Compactor
Washer(s)
Garbage Disposal
Water Heater: Gas
Water Heater Location: Utility Room
Flooring
Ceramic Tile
Hardwood
Carpet
Heating
Fireplace
Ductless
Heat Pump
Electric
Natural Gas
Solar (Unspecified)
Cooling
Ductless
Heat Pump
Fireplace
Gas
Wood Burning
Lower Level: 1
Main Level: 2
Fireplace
Windows
Double Pane/Storm Window
Skylight(s)
Exterior Features
Parking
Detached Carport
Driveway
Construction
Wood Siding
Patio & Porch
Bath Off Primary
Ceiling Fan(s)
Double Pane/Storm Window
Dining Room
Fireplace
Hot Tub/Spa
Security System
Skylight(s)
Vaulted Ceiling(s)
Water Heater
Wet Bar
Wired for Generator
Lot Features
Dead End Street
Paved
Cable TV
Deck
Electric Car Charging
Fenced-Fully
Gas Available
High Speed Internet
Hot Tub/Spa
Security
Security System
Views
Lake
Territorial
Utilities
Xfinity
Xfinity
Other Equipment
Wired for Generator
Room details
17 rooms detailed
Master Bedroom
Bedroom
Bedroom
LowerBedroom
LowerBedroom
LowerBathroom Full
Listing insights
Market data and value estimates
StatusSold
Days on market189
Est. value$2,064,700
Est. rent$6,585/mo
Tax rate0.82%
Price/sqft$593
On marketJul 23, 2025
PostedJun 18, 2025
Last sold$2,040,000
MLS statusSold
MLS updatedSep 30, 2025
Tour days6
Views16
How are the schools in Mercer Island?
3 schools rated nearby
Location
Mercer Island, WA, 98040
Price history
5 events
DateEventPrice$/sqftSource
Sep 29, 2025Sold$2,040,000$593NWMLS as distributed by MLS GRID
Aug 27, 2025Pending Sale$2,250,000$654NWMLS as distributed by MLS GRID
Aug 12, 2025Price Change$2,250,000$654NWMLS as distributed by MLS GRID
Jul 25, 2025Price Change$2,320,000$674NWMLS as distributed by MLS GRID
Jun 18, 2025Listed For Sale$2,475,000$719NWMLS as distributed by MLS GRID
Sold$2,040,000
Sep 29, 2025•$593/sqft•NWMLS as distributed by MLS GRID
Pending Sale$2,250,000
Aug 27, 2025•$654/sqft•NWMLS as distributed by MLS GRID
Price Change$2,250,000
Aug 12, 2025•$654/sqft•NWMLS as distributed by MLS GRID
Price Change$2,320,000
Jul 25, 2025•$674/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$2,475,000
Jun 18, 2025•$719/sqft•NWMLS as distributed by MLS GRID
Tax history
21 years of records
YearTax paidAssessed value
Apr 7, 2024$13,173$2,010,000
Apr 7, 2023$13,256$1,924,000
Apr 7, 2022$13,209$2,152,000
Apr 7, 2021$11,858$1,609,000
Apr 7, 2020$11,655$1,455,000
Apr 7, 2019$11,826$1,496,000
Apr 7, 2018$11,016$1,465,000
Apr 7, 2017$11,363$1,309,000
Apr 7, 2016$8,894$1,218,000
Apr 7, 2015$8,894$1,103,000
Apr 7, 2014$8,894$1,016,000
Apr 7, 2013$8,894$873,000
Apr 7, 2012—$805,000
Apr 7, 2011—$795,000
Apr 7, 2010—$858,000
Apr 7, 2009—$858,000
Apr 7, 2007—$850,000
Apr 7, 2006—$788,000
Apr 7, 2005—$765,000
Apr 7, 2001$6,378$667,000
Apr 7, 2000$6,387$605,000
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 11:38:45 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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