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Mercer Island, WA, 98040 • 98040 • King County
0.19 acLot
Waterfront Property
Direct water access
Scenic Views
City · Lake
First Hill
98040
This home is getting attention
Listed 8 days ago · 82 views · 2 saves
Demand and pricing signals for this listing
82 views
People checking out this listing
2 saves
Buyers have saved this home
8 days on market
Recently listed
This home ranks in the top 27% of listings most likely to go under contract soon, based on market activity and demand signals.
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Lot
Seize a rare opportunity to create a modern architectural masterpiece in the heart of desirable First Hill, where all the heavy lifting of the permitting process has already been completed. Approved plans are thoughtfully designed to capture panoramic breathtaking west-facing views of Lake Washington, and dramatic sunsets through expansive walls of windows. The property is ideally oriented to capture unobstructed city skyline views. This shovel-ready lot includes approved plans for a 4,415 SF two-story residence with a daylight basement (building permit 2502-179). Offering both luxury and flexibility, the sophisticated layout features five bedroom suites with en-suite baths, along with a versatile office complete with a shower—ideal for remote work. Open-concept living spaces flow effortlessly to expansive entertaining decks, while the primary suite features its own private “million-dollar view” deck. A separate entrance leads to a permitted ADU (permit ADU25-001), perfectly suited for multi-generational living or income potential. With effortless access to I-90 connecting Seattle and Bellevue, this turnkey project presents an exceptional opportunity for investors or custom home builders to break ground immediately on one of the area’s premier view lots.
Based on current rates
Est. 6.19% rate · 30yr fixed · $1,820,000 loan
Full calculator →Key facts and listing details
5 categories of property features
Market data and value estimates
3 schools rated nearby
Mercer Island, WA, 98040
6 events
21 years of records
Local context around this listing
Mercer Island, WA • King County
Nearby cities
Nearby zip codes
Based on information submitted to the MLS GRID as of 2026-04-07 20:29:04 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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