Pending21d on market
4851 88th Place SE
Mercer Island, WA, 98040 • 98040 • King County
$2,495,000
$657/sqft
Down payment assistance available
4Beds
4Baths
3,800Sqft
0.48 acLot
1967Built
Property DNA
Territorial Views
Territorial
1 Story w/Bsmnt. Style
Built 1967 · 59 years of history
Mid Island
98040
Outdoor Living
Bath Off Primary · Dbl Pane/Storm Window · Dining Room · Fireplace · Skylight(s) · Solarium/Atrium · Vaulted Ceiling(s) · Water Heater
1 Fireplace
Wood Burning · Main Level: 1 · Fireplace
Ceramic Tile & Hardwood Floors
Quality flooring throughout
This home is getting attention
Listed 21 days ago · 3,988 views · 244 saves
Market activity
Demand and pricing signals for this listing
3,988 views
People checking out this listing
244 saves
Buyers have saved this home
21 days on market
Recently listed
$657/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 25% 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 1967
Truly one of a kind! Step into the dramatic skylight atrium & experience a home that perfectly blends iconic mid-century design with modern upgrades. Thoughtfully rebuilt, the owners refinished hardwood floors, preserved vaulted wood ceilings, and chose new fixtures to complement the mid-century modern style - like black floor-to-ceiling windows & a chic Malm fireplace. Major system updates include electric, plumbing, furnace, foundation, windows, new exterior paint, EV charging & a long-life metal roof. Fantastic layout with 4 beds, 4 baths, family room, flex spaces & tons of storage. There is truly room for everyone in this house! Set on nearly half an acre surrounded by trees, this exceptionally private sanctuary features sitting areas, garden beds, a greenhouse, lawn & huge Trex deck.
Standout features identified
Our analysis highlights chic malm fireplace, huge trex deck, and black floor-to-ceiling windows as key attractions of this home.
Estimated monthly payment
Based on current rates
$15,536/month
Principal & Interest$12,209
Property Tax$2,495
Insurance$832
Down payment20% ($499,000)
3%50%
Est. 6.19% rate · 30yr fixed · $1,996,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1967
HeatingFireplace, 90%+ High Efficiency, Forced Air, Radiant, Electric, Natural Gas
Parking2 Carport spaces
Lot0.48 Acres
Days on Zillow21 Days
Price/sqft$657
Property
Home typeSingle Family
Sub-typeSingle Family Residence
Style1 Story w/Bsmnt.
ConditionUpdated/Remodeled
Year built1967
Stories1
Systems
HeatingFireplace, 90%+ High Efficiency, Forced Air, Radiant, Electric, Natural Gas
RoofMetal
ConstructionWood Siding
Water / SewerPublic, Company: City of Mercer Island / Sewer Connected, Company: City of Mercer Island
Parking & Outdoor
ParkingAttached Carport, Driveway
BasementDaylight
Fireplaces1
Lot0.48 Acres
Location & Tax
Neighborhood98040
Annual tax$13,148
Parcel5463700050
Bathrooms & Fees
Full baths2
Features & details
12 categories of property features
Interior Features
Interior
Bath Off Primary
Dining Room
Appliances
Dishwasher
Disposal
Double Oven
Dryer
Microwave
Refrigerator
Stove(s)/Range(s)
Washer
Dishwasher(s)
Dryer(s)
Garbage Disposal
Microwave(s)
Refrigerator(s)
Washer(s)
Water Heater: Gas
Water Heater Location: Basement
Flooring
Ceramic Tile
Hardwood
Carpet
Heating
Fireplace
90%+ High Efficiency
Forced Air
Radiant
Electric
Natural Gas
Fireplace
Wood Burning
Main Level: 1
Fireplace
Windows
Dbl Pane/Storm Window
Skylight(s)
Exterior Features
Parking
Attached Carport
Driveway
Construction
Wood Siding
Patio & Porch
Bath Off Primary
Dbl Pane/Storm Window
Dining Room
Fireplace
Skylight(s)
Solarium/Atrium
Vaulted Ceiling(s)
Water Heater
Lot Features
Cul-De-Sac
Dead End Street
Paved
Cable TV
Deck
Electric Car Charging
Gas Available
Green House
High Speed Internet
Patio
Views
Territorial
Utilities
Xfinity
Room details
15 rooms detailed
Master Bedroom
MainBedroom
MainBedroom
LowerBedroom
LowerBathroom Full
MainBathroom Full
LowerListing insights
Market data and value estimates
StatusPending
Days on market21
Est. value$2,471,500
Est. rent$7,521/mo
Tax rate0.82%
Price/sqft$657
On marketMar 18, 2026
PostedMar 18, 2026
Last sold$1,000,000
MLS statusPending
MLS updatedMar 28, 2026
Tour days6
Views3,988
Favorites244
How are the schools in Mercer Island?
3 schools rated nearby
Location
Mercer Island, WA, 98040
Price history
5 events
DateEventPrice$/sqftSource
Mar 29, 2026Pending Sale$2,495,000$657NWMLS as distributed by MLS GRID
Mar 18, 2026Listed For Sale$2,495,000$657NWMLS as distributed by MLS GRID
Jun 12, 2020Sold$1,000,000$263NWMLS as distributed by MLS GRID
Jun 3, 2020Pending Sale$950,000$250Windermere Real Estate Co.
May 29, 2020Listed For Sale$950,000$250Windermere Real Estate Co.
Pending Sale$2,495,000
Mar 29, 2026•$657/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$2,495,000
Mar 18, 2026•$657/sqft•NWMLS as distributed by MLS GRID
Sold$1,000,000
Jun 12, 2020•$263/sqft•NWMLS as distributed by MLS GRID
Pending Sale$950,000
Jun 3, 2020•$250/sqft•Windermere Real Estate Co.
Listed For Sale$950,000
May 29, 2020•$250/sqft•Windermere Real Estate Co.
Tax history
21 years of records
YearTax paidAssessed value
Apr 8, 2024$11,955$1,824,000
Apr 8, 2023$11,804$1,713,000
Apr 8, 2022$11,762$1,916,000
Apr 8, 2021$9,569$1,298,000
Apr 8, 2020$9,184$1,146,000
Apr 8, 2019$8,408$1,063,000
Apr 8, 2018$7,832$1,041,000
Apr 8, 2017$8,163$940,000
Apr 8, 2016$6,394$875,000
Apr 8, 2015$6,394$793,000
Apr 8, 2014$6,394$730,000
Apr 8, 2013$6,394$708,000
Apr 8, 2012—$653,000
Apr 8, 2011—$645,000
Apr 8, 2010—$676,000
Apr 8, 2009—$676,000
Apr 8, 2007—$531,000
Apr 8, 2006—$493,000
Apr 8, 2005—$449,000
Apr 8, 2001$4,371$457,000
Apr 8, 2000$4,172$395,000
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 2026-04-08 11:53:35 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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