Sold73d on market
4802 E Mercer Way
Mercer Island, WA, 98040 • 98040 • King County
$5,150,000
$1108/sqft
4Beds
5Baths
4,650Sqft
0.54 acLot
1980Built
Property DNA
Waterfront Property
Low Bank, Lake
East Mercer
98040
Outdoor Living
Fireplace
3 Fireplaces
Gas · Wood Burning · Lower Level: 1 · Main Level: 2 · Fireplace
Garage
Attached Garage
Hardwood Floors
Quality flooring throughout
This home is getting attention
Listed 73 days ago · 98 views
Market activity
Demand and pricing signals for this listing
98 views
People checking out this listing
73 days on market
Established listing
$1,108/sqft
Price per square foot
Selling Soon Prediction
ModerateThis home ranks in the top 37% 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 1980
Commanding breathtaking Mount Rainier views across pristine Lake Washington, this 4,450 sq ft Mercer Island residence offers an extraordinary blend of lifestyle, location, and opportunity. Four bedrooms, including dual primary suite potential, create versatility for modern living. Gentle, easy access from E Mercer Way leads to a rare, flat 108-ft low-bank waterfront with deep-water moorage for yachts and floatplane. Sun-filled interiors and multiple terraces invite effortless entertaining. With proximity to I-90 and top-rated schools, this is a legacy-level waterfront estate awaiting its next visionary owner.
Estimated monthly payment
Based on current rates
$32,068/month
Principal & Interest$25,202
Property Tax$5,150
Insurance$1,717
Down payment20% ($1,030,000)
3%50%
Est. 6.19% rate · 30yr fixed · $4,120,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1980
HeatingFireplace, Forced Air, Geothermal, Natural Gas
CoolingForced Air
Parking3 Attached Garage spaces
Lot0.54 Acres
Property
Home typeSingle Family
Sub-typeSingle Family Residence
Year built1980
Stories1
Systems
HeatingFireplace, Forced Air, Geothermal, Natural Gas
CoolingForced Air
RoofComposition
ConstructionCement/Concrete, Wood Siding
Water / SewerPublic, Company: City of Mercer Island / Sewer Connected, Company: City of Mercer Island
Parking & Outdoor
ParkingAttached Garage
BasementDaylight,Partially Finished
Fireplaces3
Lot0.54 Acres
Location & Tax
Neighborhood98040
Annual tax$36,338
Parcel1924059069
Bathrooms & Fees
Full baths4
Features & details
11 categories of property features
Interior Features
Appliances
Dishwasher(s)
Dryer(s)
Microwave(s)
Refrigerator(s)
Stove(s)/Range(s)
Washer(s)
Flooring
Hardwood
Carpet
Heating
Fireplace
Forced Air
Geothermal
Natural Gas
Cooling
Forced Air
Fireplace
Gas
Wood Burning
Lower Level: 1
Main Level: 2
Fireplace
Exterior Features
Parking
Attached Garage
Construction
Cement/Concrete
Wood Siding
Patio & Porch
Fireplace
Lot Features
Dead End Street
Deck
Dock
Fenced-Partially
Gas Available
Hot Tub/Spa
Irrigation
Moorage
Propane
Sprinkler System
Community
Boat Launch
Pool Features
In Ground
In-Ground
Room details
21 rooms detailed
Master Bedroom
MainMaster Bedroom
LowerBedroom
MainBedroom
MainBathroom Full
LowerBathroom Full
MainListing insights
Market data and value estimates
StatusSold
Days on market73
Est. value$5,192,500
Est. rent$7,406/mo
Tax rate0.82%
Price/sqft$1108
On marketJun 6, 2025
PostedSep 9, 2025
Last sold$5,150,000
MLS statusSold
MLS updatedFeb 23, 2026
Tour days6
Views98
How are the schools in Mercer Island?
3 schools rated nearby
Location
Mercer Island, WA, 98040
Price history
15 events
DateEventPrice$/sqftSource
Jan 23, 2026Sold$5,150,000$1,108NWMLS as distributed by MLS GRID
Jan 3, 2026Pending Sale$5,500,000$1,183NWMLS as distributed by MLS GRID
Sep 9, 2025Listed For Sale$5,500,000$1,183NWMLS as distributed by MLS GRID
Jan 29, 2025Listing Removed$11,100$2Zillow Rentals
Jan 11, 2025Price Change$11,100$2Zillow Rentals
Dec 24, 2024Listed For Rent$12,000$3Zillow Rentals
Oct 23, 2021Listing Removed——Zillow Rental Network Premium
Sep 29, 2021Listed For Rent$8,800$2Zillow Rental Network Premium
Feb 26, 2021Listing Removed——Zillow Rental Network Premium
Dec 10, 2020Listed For Rent$9,000$2Sagareus Real Estate
Mar 28, 2017Listing Removed$8,500$2Windermere Property Management/Lori Gill and Associates
Jan 27, 2017Listed For Rent$8,500$2Zillow Rental Manager
Nov 4, 2016Sold$3,500,000$753NWMLS as distributed by MLS GRID
Sep 14, 2016Pending Sale$3,795,000$816John L Scott Real Estate
Sep 13, 2016Listed For Sale$3,795,000$816John L Scott Real Estate
Sold$5,150,000
Jan 23, 2026•$1,108/sqft•NWMLS as distributed by MLS GRID
Pending Sale$5,500,000
Jan 3, 2026•$1,183/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$5,500,000
Sep 9, 2025•$1,183/sqft•NWMLS as distributed by MLS GRID
Listing Removed$11,100
Jan 29, 2025•$2/sqft•Zillow Rentals
Price Change$11,100
Jan 11, 2025•$2/sqft•Zillow Rentals
Listed For Rent$12,000
Dec 24, 2024•$3/sqft•Zillow Rentals
Listing Removed—
Oct 23, 2021•Zillow Rental Network Premium
Listed For Rent$8,800
Sep 29, 2021•$2/sqft•Zillow Rental Network Premium
Listing Removed—
Feb 26, 2021•Zillow Rental Network Premium
Listed For Rent$9,000
Dec 10, 2020•$2/sqft•Sagareus Real Estate
Listing Removed$8,500
Mar 28, 2017•$2/sqft•Windermere Property Management/Lori Gill and Associates
Listed For Rent$8,500
Jan 27, 2017•$2/sqft•Zillow Rental Manager
Sold$3,500,000
Nov 4, 2016•$753/sqft•NWMLS as distributed by MLS GRID
Pending Sale$3,795,000
Sep 14, 2016•$816/sqft•John L Scott Real Estate
Listed For Sale$3,795,000
Sep 13, 2016•$816/sqft•John L Scott Real Estate
Tax history
21 years of records
YearTax paidAssessed value
Apr 7, 2024$36,338$5,550,000
Apr 7, 2023$35,876$5,212,000
Apr 7, 2022$35,745$5,829,000
Apr 7, 2021$32,079$4,357,000
Apr 7, 2020$30,788$3,847,000
Apr 7, 2019$31,591$4,000,000
Apr 7, 2018$30,864$4,108,000
Apr 7, 2017$34,393$3,965,000
Apr 7, 2016$26,900$3,689,000
Apr 7, 2015$26,900$3,341,000
Apr 7, 2014$26,900$3,076,000
Apr 7, 2013$26,900$2,928,000
Apr 7, 2012—$3,253,000
Apr 7, 2011—$3,416,000
Apr 7, 2010—$3,683,000
Apr 7, 2009—$3,683,000
Apr 7, 2007—$2,821,000
Apr 7, 2006—$2,561,000
Apr 7, 2005—$2,332,000
Apr 7, 2001$18,338$1,919,000
Apr 7, 2000$16,881$1,600,000
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 09:23:18 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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