Sold397d on market
4045 W Mercer Way
Mercer Island, WA, 98040 • 98040 • King County
$6,125,000
0.28 acLot
Property DNA
Waterfront Property
Low Bank, Lake
Scenic Views
City · Lake · Territorial
West Mercer
98040
Market activity
Demand and pricing signals for this listing
14 views
People checking out this listing
397 days on market
Established listing
About this home
Lot
Rare waterfront opportunity on Mercer Island’s Gold Coast. 100 ft of west-facing waterfront + private dock. Ready to build w/permitted plans. A modern home w/fabulous design from McClellan Architects who curated the residence to be filled w/sweeping lake, city & Seward Park views, while offering multiple outdoor living areas for enjoying the indoor/outdoor lifestyle we love in the PNW. Designed as a home for gathering & modern everyday living shy 5,000 sq ft of luxe finishes & a thoughtful floor plan including 5 bedrooms + office—oriented to the view. Start tomorrow & build the finishes out to your desired specifications. 3-car garage. Fabulous location just minutes to town & commutes in all directions-Your waterfront dream home awaits!
Estimated monthly payment
Based on current rates
$38,140/month
Principal & Interest$29,973
Property Tax$6,125
Insurance$2,042
Down payment20% ($1,225,000)
3%50%
Est. 6.19% rate · 30yr fixed · $4,900,000 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeUnimproved Land
Systems
Water / SewerAvailable, In Street / Available, In Street
Parking & Outdoor
Lot0.28 Acres
Location & Tax
Neighborhood98040
Annual tax$20,610
Parcel3623500395
Features & details
4 categories of property features
Exterior Features
Lot Features
Dead End Street
Views
City
Lake
Territorial
Utilities
Electricity Available
Natural Gas Available
Gas
In Street
Listing insights
Market data and value estimates
StatusSold
Days on market397
Est. value$2,318,900
Est. rent$3,829/mo
Tax rate0.82%
On marketMar 6, 2025
PostedMar 6, 2025
Last sold$6,125,000
MLS statusSold
MLS updatedMar 6, 2025
Tour days6
Views14
How are the schools in Mercer Island?
3 schools rated nearby
Location
Mercer Island, WA, 98040
Price history
10 events
DateEventPrice$/sqftSource
Mar 5, 2025Sold$6,125,000—NWMLS as distributed by MLS GRID
Jan 7, 2021Sold$4,300,000—NWMLS as distributed by MLS GRID
Nov 16, 2020Pending Sale$4,500,000—COMPASS
Nov 5, 2020Listed For Sale$4,500,000—COMPASS
May 30, 2015Listing Removed$2,475,000—RE/MAX EASTSIDE BROKERS INC
Jan 3, 2015Listed For Sale$2,475,000—RE/MAX EASTSIDE BROKERS INC
Jul 29, 2010Sold$600,000—NWMLS as distributed by MLS GRID
Jun 9, 2010Listed For Sale$899,900—Bing Real Estate
May 18, 2009Sold$1,600,000—Public Record
Jun 22, 2004Sold$525,000—Public Record
Sold$6,125,000
Mar 5, 2025•NWMLS as distributed by MLS GRID
Sold$4,300,000
Jan 7, 2021•NWMLS as distributed by MLS GRID
Pending Sale$4,500,000
Nov 16, 2020•COMPASS
Listed For Sale$4,500,000
Nov 5, 2020•COMPASS
Listing Removed$2,475,000
May 30, 2015•RE/MAX EASTSIDE BROKERS INC
Listed For Sale$2,475,000
Jan 3, 2015•RE/MAX EASTSIDE BROKERS INC
Sold$600,000
Jul 29, 2010•NWMLS as distributed by MLS GRID
Listed For Sale$899,900
Jun 9, 2010•Bing Real Estate
Sold$1,600,000
May 18, 2009•Public Record
Sold$525,000
Jun 22, 2004•Public Record
Tax history
21 years of records
YearTax paidAssessed value
Apr 7, 2024$20,776$3,172,000
Apr 7, 2023$20,610$2,993,000
Apr 7, 2022$20,655$3,367,000
Apr 7, 2021$20,423$2,773,000
Apr 7, 2020$16,654$2,080,000
Apr 7, 2019$5,913$747,000
Apr 7, 2018$5,512$732,000
Apr 7, 2017$6,143$707,000
Apr 7, 2016$4,541$658,000
Apr 7, 2015$4,541$562,000
Apr 7, 2014$4,541$518,000
Apr 7, 2013$4,541$532,000
Apr 7, 2012—$546,000
Apr 7, 2011—$572,000
Apr 7, 2010—$1,999,000
Apr 7, 2009—$1,999,000
Apr 7, 2007—$656,000
Apr 7, 2006—$549,000
Apr 7, 2005—$500,000
Apr 7, 2001$4,028$421,000
Apr 7, 2000$3,212$304,000
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 11:33:43 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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