Sold885d on market
8236 Avalon Drive
Mercer Island, WA, 98040 • 98040 • King County
$5,350,000
$1434/sqft
3Beds
4Baths
3,730Sqft
0.34 acLot
1995Built
Property DNA
Waterfront Property
Bank-Medium
Scenic Views
City · Lake · See Remarks · Territorial
Contemporary Style
Built 1995 · 31 years of history
Beach Club
98040
Outdoor Living
Ceramic Tile · Wall to Wall Carpet · Bath Off Primary · Ceiling Fan(s) · Double Pane/Storm Window · Dining Room · Fireplace (Primary Bedroom) · French Doors · High Tech Cabling · Jetted Tub · Loft · Sauna · Security System · Skylight(s) · Vaulted Ceiling(s) · Walk-In Closet(s) · Walk-In Pantry · Wine Cellar · Fireplace · Water Heater
4 Fireplaces
Gas · Lower Level: 1 · Main Level: 2 · Upper Level: 1 · Fireplace
2-Car Garage
Attached Garage
Ceramic Tile Floors
Quality flooring throughout
This home is in high demand
Listed 885 days ago · 16 views · Top 10% likely to sell soon
Market activity
Demand and pricing signals for this listing
16 views
People checking out this listing
885 days on market
Established listing
$1,434/sqft
Price per square foot
Selling Soon Prediction
Very HighThis home ranks in the top 10% 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 1995
Set on coveted Avalon Drive, this waterfront retreat offers breathtaking lake & Mt Rainier views from the Island’s sunny southern tip. Its prime street-to-water lot enjoys 63’ of private lakefront with resurfaced 56’ dock, deep water moorage, & covered lift. Watch sea planes land while you host parties on the lakeside lawn, or savor the view from soaring interiors with dramatic windows. Your palatial owner’s suite includes a fireplace, spa-like bath, walk-in closet, & French doors to the deck. A 2nd bedroom/flex room nearby + 3rd bedroom, huge office & bonus loft upstairs (all with lake views) can adapt to your lifestyle. Steps from the beloved MI Beach Club & minutes to top-rated schools, town center, & I-90 access to Seattle or Bellevue.
Standout features identified
Our analysis highlights bonus loft upstairs, huge office, and dramatic windows as key attractions of this home.
Estimated monthly payment
Based on current rates
$33,314/month
Principal & Interest$26,180
Property Tax$5,350
Insurance$1,783
Down payment20% ($1,070,000)
3%50%
Est. 6.19% rate · 30yr fixed · $4,280,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1995
HeatingFireplace, Forced Air, Tankless Water Heater, Electric, Natural Gas
Parking2 Attached Garage spaces
Lot0.34 Acres
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleContemporary
ConditionGood
Year built1995
Systems
HeatingFireplace, Forced Air, Tankless Water Heater, Electric, Natural Gas
RoofTile
ConstructionStucco
Water / SewerPublic, Company: City of Mercer Island / Sewer Connected, Company: City of Mercer Island
Parking & Outdoor
ParkingAttached Garage
Garage2 spaces
BasementDaylight,Finished
Fireplaces4
Lot0.34 Acres
Location & Tax
Neighborhood98040
Annual tax$31,497
Parcel3124059073
Bathrooms & Fees
Full baths1
Features & details
14 categories of property features
Interior Features
Interior
Bath Off Primary
Ceiling Fan(s)
Dining Room
High Tech Cabling
Loft
Sauna
Appliances
Dishwasher_
Double Oven
Dryer
GarbageDisposal_
Microwave_
Refrigerator_
StoveRange_
Trash Compactor
Washer
Dishwasher
Garbage Disposal
Microwave
Refrigerator
StoveRange
Water Heater: Gas
Water Heater Location: Garage
Flooring
Ceramic Tile
Vinyl
Carpet
Heating
Fireplace
Forced Air
Tankless Water Heater
Electric
Natural Gas
Fireplace
Gas
Lower Level: 1
Main Level: 2
Upper Level: 1
Fireplace
Windows
Double Pane/Storm Window
Skylight(s)
Exterior Features
Parking
Attached Garage
Construction
Stucco
Patio & Porch
Ceramic Tile
Wall to Wall Carpet
Bath Off Primary
Ceiling Fan(s)
Double Pane/Storm Window
Dining Room
Fireplace (Primary Bedroom)
French Doors
High Tech Cabling
Jetted Tub
Loft
Sauna
Security System
Skylight(s)
Vaulted Ceiling(s)
Walk-In Closet(s)
Walk-In Pantry
Wine Cellar
Fireplace
Water Heater
Lot Features
Paved
Secluded
Cable TV
Deck
Dock
Gas Available
High Speed Internet
Hot Tub/Spa
Irrigation
Moorage
Patio
Sprinkler System
Community
Trail(s)
Security
Security System
Views
City
Lake
See Remarks
Territorial
Utilities
Comcast
Comcast
Room details
15 rooms detailed
Master Bedroom
LowerBedroom
SecondBedroom
LowerBathroom Full
LowerBathroom Three Quarter
SecondBathroom Three Quarter
LowerListing insights
Market data and value estimates
StatusSold
Days on market885
Est. value$5,963,200
Est. rent$7,626/mo
Tax rate0.82%
Price/sqft$1434
On marketNov 2, 2023
PostedOct 6, 2023
Last sold$5,350,000
MLS statusSold
MLS updatedNov 3, 2023
Tour days6
Views16
How are the schools in Mercer Island?
3 schools rated nearby
Location
Mercer Island, WA, 98040
Price history
5 events
DateEventPrice$/sqftSource
Nov 3, 2023Sold$5,350,000$1,434NWMLS as distributed by MLS GRID
Oct 8, 2023Pending Sale$5,249,000$1,407NWMLS as distributed by MLS GRID
Oct 6, 2023Listed For Sale$5,249,000$1,407NWMLS as distributed by MLS GRID
Jul 18, 1994Sold$600,000$161Public Record
Apr 18, 1994Sold$139,900$38Public Record
Sold$5,350,000
Nov 3, 2023•$1,434/sqft•NWMLS as distributed by MLS GRID
Pending Sale$5,249,000
Oct 8, 2023•$1,407/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$5,249,000
Oct 6, 2023•$1,407/sqft•NWMLS as distributed by MLS GRID
Sold$600,000
Jul 18, 1994•$161/sqft•Public Record
Sold$139,900
Apr 18, 1994•$38/sqft•Public Record
Tax history
21 years of records
YearTax paidAssessed value
Apr 7, 2024$32,019$4,890,000
Apr 7, 2023$31,611$4,592,000
Apr 7, 2022$31,497$5,136,000
Apr 7, 2021$28,267$3,839,000
Apr 7, 2020$27,133$3,390,000
Apr 7, 2019$28,039$3,550,000
Apr 7, 2018$27,394$3,646,000
Apr 7, 2017$30,525$3,519,000
Apr 7, 2016$23,876$3,274,000
Apr 7, 2015$23,876$2,965,000
Apr 7, 2014$23,876$2,730,000
Apr 7, 2013$23,876$2,663,000
Apr 7, 2012—$2,455,000
Apr 7, 2011—$2,578,000
Apr 7, 2010—$2,779,000
Apr 7, 2009—$2,779,000
Apr 7, 2007—$2,285,000
Apr 7, 2006—$2,074,000
Apr 7, 2005—$1,889,000
Apr 7, 2001$12,444$1,302,000
Apr 7, 2000$11,459$1,086,000
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 09:58:37 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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