For Sale154d on market
7220 N Mercer Way
Mercer Island, WA, 98040 • 98040 • King County
$6,800,000
0.57 acLot
Property DNA
Waterfront Property
Lake
Scenic Views
City · Lake
Res-Less thn 1 Ac Style
Res-Less thn 1 Ac architecture
North End
98040
This home is getting attention
Listed 154 days ago · 590 views · 5 saves
Market activity
Demand and pricing signals for this listing
590 views
People checking out this listing
5 saves
Buyers have saved this home
154 days on market
Established listing
About this home
Lot
An extraordinary canvas for building your dream waterfront estate. This prime half-acre property on Mercer Island’s sought-after North End captures breathtaking views of the glittering Bellevue skyline and the tranquil waters of Lake WA. With 82+ feet of private shoreline, a gated entry, lush natural beauty, it’s ready for your vision to unfold. Enjoy a U-shaped covered dock with deep-water moorage and a water’s-edge cabana for lakeside gatherings. From sunrise paddles to twilight moments by the water, this property offers a front-row seat to the best of lakefront living—mins to downtown MI, parks, and top-rated schools, with easy connections to Bellevue and Seattle. Renderings are conceptual only; pricing reflects land value only.
Standout features identified
Our analysis highlights private shoreline, breathtaking views, and lush natural beauty as key attractions of this home.
Estimated monthly payment
Based on current rates
$42,343/month
Principal & Interest$33,276
Property Tax$6,800
Insurance$2,267
Down payment20% ($1,360,000)
3%50%
Est. 6.19% rate · 30yr fixed · $5,440,000 loan
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At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeUnimproved Land
StyleRes-Less thn 1 Ac
Systems
Water / SewerAvailable / In Street
Parking & Outdoor
Lot0.57 Acres
Location & Tax
Neighborhood98040
Annual tax$44,242
Parcel5315100033
Features & details
4 categories of property features
Exterior Features
Lot Features
Secluded
Views
City
Lake
Utilities
Electricity Available
Natural Gas Available
Gas
In Street
Listing insights
Market data and value estimates
StatusFor Sale
Days on market154
Est. value$6,900,200
Est. rent$18,983/mo
Tax rate0.82%
On marketNov 2, 2025
PostedNov 4, 2025
Last sold$4,800,000
MLS statusActive
MLS updatedJan 16, 2026
Tour days6
Views590
Favorites5
How are the schools in Mercer Island?
3 schools rated nearby
Location
Mercer Island, WA, 98040
Price history
9 events
DateEventPrice$/sqftSource
Nov 4, 2025Listed For Sale$6,800,000—NWMLS as distributed by MLS GRID
Aug 21, 2019Sold$4,800,000—NWMLS as distributed by MLS GRID
Jul 25, 2019Pending Sale$4,999,000—Windermere Real Estate/PSR, Inc.
Jul 10, 2019Price Change$4,999,000—Windermere Real Estate/PSR, Inc.
Jun 11, 2019Listed For Sale$5,200,000—Windermere Real Estate/PSR, Inc.
Apr 30, 2018Sold$4,300,000—NWMLS as distributed by MLS GRID
Feb 25, 2018Pending Sale$6,500,000—Windermere Real Estate Midtown
Aug 29, 2017Listed For Sale$6,500,000—Windermere Real Estate Midtown
Oct 22, 1999Sold$3,980,000—Public Record
Listed For Sale$6,800,000
Nov 4, 2025•NWMLS as distributed by MLS GRID
Sold$4,800,000
Aug 21, 2019•NWMLS as distributed by MLS GRID
Pending Sale$4,999,000
Jul 25, 2019•Windermere Real Estate/PSR, Inc.
Price Change$4,999,000
Jul 10, 2019•Windermere Real Estate/PSR, Inc.
Listed For Sale$5,200,000
Jun 11, 2019•Windermere Real Estate/PSR, Inc.
Sold$4,300,000
Apr 30, 2018•NWMLS as distributed by MLS GRID
Pending Sale$6,500,000
Feb 25, 2018•Windermere Real Estate Midtown
Listed For Sale$6,500,000
Aug 29, 2017•Windermere Real Estate Midtown
Sold$3,980,000
Oct 22, 1999•Public Record
Tax history
21 years of records
YearTax paidAssessed value
Apr 7, 2024$44,243$6,758,000
Apr 7, 2023$43,685$6,347,000
Apr 7, 2022$46,575$7,596,000
Apr 7, 2021$41,793$5,677,000
Apr 7, 2020$40,114$5,013,000
Apr 7, 2019$39,500$5,002,000
Apr 7, 2018$49,179$6,547,000
Apr 7, 2017$54,804$6,319,000
Apr 7, 2016$42,853$5,879,000
Apr 7, 2015$42,853$5,324,000
Apr 7, 2014$42,853$4,901,000
Apr 7, 2013$42,853$4,701,000
Apr 7, 2012—$4,334,000
Apr 7, 2011—$4,551,000
Apr 7, 2010—$4,906,000
Apr 7, 2009—$4,906,000
Apr 7, 2007—$4,495,000
Apr 7, 2006—$4,080,000
Apr 7, 2005—$3,715,000
Apr 7, 2001$25,684$2,688,000
Apr 7, 2000$20,266$1,921,000
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 04:33:28 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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