Pending92d on market
8281 W Mercer Way
Mercer Island, WA, 98040 • 98040 • King County
$3,600,000
$974/sqft
Down payment assistance available
4Beds
3Baths
3,695Sqft
0.46 acLot
1998Built
Property DNA
Waterfront Property
Direct water access
Scenic Views
Lake · Territorial
Traditional,2 Story Style
Built 1998 · 28 years of history
West Mercer
98040
Outdoor Living
Bath Off Primary · Built-In Vacuum · Ceiling Fan(s) · Dbl Pane/Storm Window · Dining Room · Fireplace · Skylight(s) · Solarium/Atrium · Sprinkler System · Vaulted Ceilings · Walk-In Closet(s) · Walk-In Pantry
2 Fireplaces
Gas · Main Level: 2 · Fireplace
Garage
Driveway · Attached Garage
This home is getting attention
Listed 92 days ago · 124 views
Market activity
Demand and pricing signals for this listing
124 views
People checking out this listing
92 days on market
Established listing
$974/sqft
Price per square foot
Selling Soon Prediction
ModerateThis home ranks in the top 31% 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 1998
Set along the coveted south end of Mercer Island, 8281 W. Mercer Way offers a rare blend of privacy, prestige, and timeless luxury. Framed by sweeping Lake Washington views, this residence is designed for discerning buyers who value craftsmanship, legacy, and elevated living. Generous entertaining spaces invite meaningful gatherings, while the serene setting provides a true retreat from city life. A private drive, established surroundings, and desirable neighborhood make this an exceptional opportunity to own in one of the region’s most respected waterfront communities—where lifestyle, investment, and water view living come together seamlessly.
Standout features identified
Our analysis highlights established surroundings, private drive, and sweeping lake washington views as key attractions of this home.
Estimated monthly payment
Based on current rates
$22,417/month
Principal & Interest$17,617
Property Tax$3,600
Insurance$1,200
Down payment20% ($720,000)
3%50%
Est. 6.19% rate · 30yr fixed · $2,880,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1998
HeatingFireplace, 90%+ High Efficiency, Ductless, Forced Air, Radiant, Electric, Natural Gas
CoolingDuctless, Forced Air
Parking2 Attached Garage spaces
Lot0.46 Acres
Days on Zillow92 Days
Price/sqft$974
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleTraditional,2 Story
ConditionVery Good
Year built1998
Stories2
Systems
HeatingFireplace, 90%+ High Efficiency, Ductless, Forced Air, Radiant, Electric, Natural Gas
CoolingDuctless, Forced Air
RoofComposition
ConstructionWood Siding, Wood Products
Water / SewerPublic / Sewer Connected
Parking & Outdoor
ParkingDriveway, Attached Garage
Fireplaces2
Lot0.46 Acres
Location & Tax
Neighborhood98040
Annual tax$9,829
Parcel3358500825
Bathrooms & Fees
Full baths2
Features & details
12 categories of property features
Interior Features
Interior
Bath Off Primary
Central Vacuum
Ceiling Fan(s)
Dining Room
Appliances
Dishwasher(s)
Disposal
Double Oven
Dryer(s)
Microwave(s)
Refrigerator(s)
Stove(s)/Range(s)
Trash Compactor
Washer(s)
Garbage Disposal
Flooring
Travertine
Carpet
Heating
Fireplace
90%+ High Efficiency
Ductless
Forced Air
Radiant
Electric
Natural Gas
Cooling
Ductless
Forced Air
Fireplace
Gas
Main Level: 2
Fireplace
Windows
Dbl Pane/Storm Window
Skylight(s)
Exterior Features
Parking
Driveway
Attached Garage
Construction
Wood Siding
Wood Products
Patio & Porch
Bath Off Primary
Built-In Vacuum
Ceiling Fan(s)
Dbl Pane/Storm Window
Dining Room
Fireplace
Skylight(s)
Solarium/Atrium
Sprinkler System
Vaulted Ceilings
Walk-In Closet(s)
Walk-In Pantry
Lot Features
Paved
Cable TV
Deck
Fenced-Fully
Gas Available
High Speed Internet
Patio
Sprinkler System
Views
Lake
Territorial
Room details
15 rooms detailed
Master Bedroom
Bedroom
Bedroom
Bedroom
MainBathroom Full
Bathroom Full
Listing insights
Market data and value estimates
StatusPending
Days on market92
Tax rate0.82%
Price/sqft$974
On marketSep 14, 2025
PostedJan 6, 2026
Last sold$3,300,000
MLS statusPending
MLS updatedMar 1, 2026
Tour days6
Views124
How are the schools in Mercer Island?
3 schools rated nearby
Location
Mercer Island, WA, 98040
Price history
16 events
DateEventPrice$/sqftSource
Mar 2, 2026Pending Sale$3,600,000$974eXp Realty
Jan 6, 2026Listed For Sale$3,600,000$974NWMLS as distributed by MLS GRID
Feb 9, 2024Sold$3,300,000$893Public Record
Jul 28, 2017Sold$2,250,000$609NWMLS as distributed by MLS GRID
Apr 15, 2017Pending Sale$2,325,000$629Windermere Real Estate Co.
Mar 22, 2017Listed For Sale$2,325,000$629Windermere Real Estate Co.
Sep 3, 2016Listing Removed$2,165,000$586Windermere Real Estate/Northwest, Inc.
Aug 8, 2016Price Change$2,165,000$586Windermere Real Estate/Northwest, Inc.
Aug 3, 2016Listed For Sale$2,200,000$595Windermere Real Estate/Northwest, Inc.
Jul 31, 2016Pending Sale$2,200,000$595Windermere Real Estate/Northwest, Inc.
Jul 9, 2016Listed For Sale$2,200,000$595Windermere Real Estate/Northwest, Inc.
Jul 4, 2016Pending Sale$2,200,000$595Windermere Real Estate/Northwest, Inc.
Jun 29, 2016Listed For Sale$2,200,000$595Windermere Real Estate/Northwest, Inc.
Dec 1, 2015Sold$2,085,000$564NWMLS as distributed by MLS GRID
Oct 30, 2015Pending Sale$2,150,000$582Windermere Real Estate/Mercer Island
Oct 11, 2015Listed For Sale$2,150,000$582Windermere Real Estate/Mercer Island
Pending Sale$3,600,000
Mar 2, 2026•$974/sqft•eXp Realty
Listed For Sale$3,600,000
Jan 6, 2026•$974/sqft•NWMLS as distributed by MLS GRID
Sold$3,300,000
Feb 9, 2024•$893/sqft•Public Record
Sold$2,250,000
Jul 28, 2017•$609/sqft•NWMLS as distributed by MLS GRID
Pending Sale$2,325,000
Apr 15, 2017•$629/sqft•Windermere Real Estate Co.
Listed For Sale$2,325,000
Mar 22, 2017•$629/sqft•Windermere Real Estate Co.
Listing Removed$2,165,000
Sep 3, 2016•$586/sqft•Windermere Real Estate/Northwest, Inc.
Price Change$2,165,000
Aug 8, 2016•$586/sqft•Windermere Real Estate/Northwest, Inc.
Listed For Sale$2,200,000
Aug 3, 2016•$595/sqft•Windermere Real Estate/Northwest, Inc.
Pending Sale$2,200,000
Jul 31, 2016•$595/sqft•Windermere Real Estate/Northwest, Inc.
Listed For Sale$2,200,000
Jul 9, 2016•$595/sqft•Windermere Real Estate/Northwest, Inc.
Pending Sale$2,200,000
Jul 4, 2016•$595/sqft•Windermere Real Estate/Northwest, Inc.
Listed For Sale$2,200,000
Jun 29, 2016•$595/sqft•Windermere Real Estate/Northwest, Inc.
Sold$2,085,000
Dec 1, 2015•$564/sqft•NWMLS as distributed by MLS GRID
Pending Sale$2,150,000
Oct 30, 2015•$582/sqft•Windermere Real Estate/Mercer Island
Listed For Sale$2,150,000
Oct 11, 2015•$582/sqft•Windermere Real Estate/Mercer Island
Tax history
21 years of records
YearTax paidAssessed value
Apr 8, 2024$19,657$3,001,000
Apr 8, 2023$19,778$2,872,000
Apr 8, 2022$19,705$3,212,000
Apr 8, 2021$17,686$2,401,000
Apr 8, 2020$17,374$2,170,000
Apr 8, 2019$15,788$1,998,000
Apr 8, 2018$14,703$1,956,000
Apr 8, 2017$15,317$1,765,000
Apr 8, 2016$11,988$1,643,000
Apr 8, 2015$11,988$1,488,000
Apr 8, 2014$11,988$1,370,000
Apr 8, 2013$11,988$1,398,000
Apr 8, 2012—$1,289,000
Apr 8, 2011—$1,273,000
Apr 8, 2010—$1,373,000
Apr 8, 2009—$1,373,000
Apr 8, 2007—$1,367,000
Apr 8, 2006—$1,268,000
Apr 8, 2005—$1,155,000
Apr 8, 2001$8,919$933,000
Apr 8, 2000$8,928$846,000
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 22:19:34 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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