Sold216d on market
8521 E Mercer Way
Mercer Island, WA, 98040 • 98040 • King County
$1,805,000
$634/sqft
5Beds
4Baths
2,849Sqft
0.54 acLot
1977Built
Property DNA
Waterfront Property
Direct water access
Lake Views
Lake
Traditional Style
Built 1977 · 49 years of history
Beach Club
98040
Outdoor Living
Second Kitchen · Bath Off Primary · Dining Room · Fireplace · High Tech Cabling · Loft · Security System · Skylight(s) · Triple Pane Windows · Vaulted Ceiling(s) · Walk-In Closet(s)
1 Fireplace
Electric · Main Level: 1 · Fireplace
Hardwood Floors
Quality flooring throughout
Market activity
Demand and pricing signals for this listing
12 views
People checking out this listing
216 days on market
Established listing
$634/sqft
Price per square foot
About this home
Single Family · Built 1977
Set among majestic maple & fir trees, this beautifully remodeled home is a serene retreat in nature. Enjoy views of the lake & Mt Rainier, & a private 800-foot trail system. Nearly an acre of greenspace, a haven for wildlife. Spacious yard accommodates play structures, view deck, & patios. Triple-pane Pella windows, cherry cabinetry, quartz countertops, & hardwood accents enhance home’s elegance. The main floor features a family room, chef's kitchen, dining area & office. Upstairs is the primary suite & bath plus two more bedrooms. Lower level has one bedroom, office, kitchenette, bath & laundry. Ideal for an MIL with own entrance.
Standout features identified
Our analysis highlights rainier views, own nature trails, and view deck as key attractions of this home.
Estimated monthly payment
Based on current rates
$11,239/month
Principal & Interest$8,833
Property Tax$1,805
Insurance$602
Down payment20% ($361,000)
3%50%
Est. 6.19% rate · 30yr fixed · $1,444,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1977
HeatingFireplace, 90%+ High Efficiency, Forced Air, Electric, Natural Gas
CoolingNone
Parking2 Carport spaces
Lot0.54 Acres
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleTraditional
ConditionVery Good
Year built1977
Stories2
Systems
HeatingFireplace, 90%+ High Efficiency, Forced Air, Electric, Natural Gas
CoolingNone
RoofComposition
ConstructionCement Planked, Cement Plank
Water / SewerPublic, Company: Mercer Island / Sewer Connected, Company: Mercer Island
Parking & Outdoor
ParkingAttached Carport
BasementFinished
Fireplaces1
Lot0.54 Acres
Location & Tax
Neighborhood98040
Annual tax$11,013
Parcel5530800030
Bathrooms & Fees
Full baths1
Features & details
13 categories of property features
Interior Features
Interior
Bath Off Primary
Dining Room
High Tech Cabling
Loft
Appliances
Dishwasher(s)
Dryer(s)
Microwave(s)
Refrigerator(s)
Stove(s)/Range(s)
Washer(s)
Flooring
Hardwood
Carpet
Heating
Fireplace
90%+ High Efficiency
Forced Air
Electric
Natural Gas
Cooling
None
Fireplace
Electric
Main Level: 1
Fireplace
Windows
Skylight(s)
Triple Pane Windows
Exterior Features
Parking
Attached Carport
Construction
Cement Planked
Cement Plank
Patio & Porch
Second Kitchen
Bath Off Primary
Dining Room
Fireplace
High Tech Cabling
Loft
Security System
Skylight(s)
Triple Pane Windows
Vaulted Ceiling(s)
Walk-In Closet(s)
Lot Features
Secluded
Cable TV
Deck
High Speed Internet
Patio
Sprinkler System
Security
Security System
Views
Lake
Room details
17 rooms detailed
Master Bedroom
Bedroom
Bedroom
Bedroom
LowerBedroom
LowerBathroom Three Quarter
Listing insights
Market data and value estimates
StatusSold
Days on market216
Est. value$1,823,600
Est. rent$5,823/mo
Tax rate0.82%
Price/sqft$634
On marketJun 6, 2025
PostedMay 27, 2025
Last sold$1,805,000
MLS statusSold
MLS updatedOct 3, 2025
Tour days6
Views12
How are the schools in Mercer Island?
3 schools rated nearby
Location
Mercer Island, WA, 98040
Price history
8 events
DateEventPrice$/sqftSource
Sep 2, 2025Sold$1,805,000$634NWMLS as distributed by MLS GRID
Aug 8, 2025Pending Sale$1,849,900$649NWMLS as distributed by MLS GRID
Jul 26, 2025Price Change$1,849,900$649NWMLS as distributed by MLS GRID
Jul 1, 2025Price Change$1,899,999$667NWMLS as distributed by MLS GRID
Jun 16, 2025Price Change$1,999,000$702NWMLS as distributed by MLS GRID
May 27, 2025Listed For Sale$2,074,000$728NWMLS as distributed by MLS GRID
Apr 29, 2005Sold$668,000$234NWMLS as distributed by MLS GRID
Jun 12, 1998Sold$410,000$144Public Record
Sold$1,805,000
Sep 2, 2025•$634/sqft•NWMLS as distributed by MLS GRID
Pending Sale$1,849,900
Aug 8, 2025•$649/sqft•NWMLS as distributed by MLS GRID
Price Change$1,849,900
Jul 26, 2025•$649/sqft•NWMLS as distributed by MLS GRID
Price Change$1,899,999
Jul 1, 2025•$667/sqft•NWMLS as distributed by MLS GRID
Price Change$1,999,000
Jun 16, 2025•$702/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$2,074,000
May 27, 2025•$728/sqft•NWMLS as distributed by MLS GRID
Sold$668,000
Apr 29, 2005•$234/sqft•NWMLS as distributed by MLS GRID
Sold$410,000
Jun 12, 1998•$144/sqft•Public Record
Tax history
21 years of records
YearTax paidAssessed value
Apr 7, 2024$11,150$1,701,000
Apr 7, 2023$11,013$1,598,000
Apr 7, 2022$10,971$1,787,000
Apr 7, 2021$9,849$1,336,000
Apr 7, 2020$9,456$1,180,000
Apr 7, 2019$7,847$992,000
Apr 7, 2018$7,307$971,000
Apr 7, 2017$7,591$874,000
Apr 7, 2016$5,756$787,000
Apr 7, 2015$5,756$713,000
Apr 7, 2014$5,756$657,000
Apr 7, 2013$5,756$509,000
Apr 7, 2012—$470,000
Apr 7, 2011—$464,000
Apr 7, 2010—$501,000
Apr 7, 2009—$501,000
Apr 7, 2007—$671,000
Apr 7, 2006—$622,000
Apr 7, 2005—$567,000
Apr 7, 2001$4,735$495,000
Apr 7, 2000$4,436$420,000
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 12:48:46 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)
No obligation · Same-day response