Sold714d on market
5045 88th Avenue SE
Mercer Island, WA, 98040 • 98040 • King County
$3,500,000
$531/sqft
4Beds
4Baths
6,590Sqft
0.35 acLot
2006Built
Property DNA
Waterfront Property
Direct water access
Scenic Views
City · Lake · Territorial
Mid Island
98040
Outdoor Living
Ceramic Tile · Hardwood · Wall to Wall Carpet · Bath Off Primary · Double Pane/Storm Window · Sprinkler System · Dining Room · French Doors · Jetted Tub · Security System · Skylight(s) · Walk-In Pantry · Walk-In Closet(s) · Fireplace
1 Fireplace
Wood Burning · Main Level: 1 · Fireplace
2-Car Garage
Attached Garage
Ceramic Tile & Hardwood Floors
Quality flooring throughout
Market activity
Demand and pricing signals for this listing
14 views
People checking out this listing
714 days on market
Established listing
$531/sqft
Price per square foot
About this home
Single Family · Built 2006
Perched and private on Mercer Island’s west-facing slope sits a masterfully constructed home with spectacular views. Built in 2006 by King Construction, this 4 bed, 4 separate bath 6590 sq ft manse boasts views of Lake WA, the Olympics, and the downtown Seattle skyline. Bright and open with soaring ceilings and multiple decks, you’ll enjoy the sun all day until it dips behind the mountains. The master suite is fit for royalty with a massive bathroom, a walk-in closet you can throw a football in, a gym, and the second laundry room. You’ll love the home office, remodeled chef’s kitchen, formal dining, wet bar, two laundry rooms, and tons of storage. The media room and game/party room downstairs make entertaining and Super Bowl parties a must!
Standout features identified
Our analysis highlights formal dining, home office, and spectacular views as key attractions of this home.
Estimated monthly payment
Based on current rates
$21,598/month
Principal & Interest$16,932
Property Tax$3,500
Insurance$1,167
Down payment20% ($700,000)
3%50%
Est. 6.08% rate · 30yr fixed · $2,800,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built2006
HeatingFireplace, Forced Air, Heat Pump, Electric, Natural Gas
Parking2 Attached Garage spaces
Lot0.35 Acres
Property
Home typeSingle Family
Sub-typeSingle Family Residence
ConditionVery Good
Year built2006
Stories2
Systems
HeatingFireplace, Forced Air, Heat Pump, Electric, Natural Gas
RoofComposition
ConstructionStucco
Water / SewerPublic, Company: City of Mercer Island / Sewer Connected, Company: City of Mercer Island
Parking & Outdoor
ParkingAttached Garage
Garage2 spaces
BasementDaylight
Fireplaces1
Lot0.35 Acres
Location & Tax
Neighborhood98040
Annual tax$19,852
Parcel1924059336
Bathrooms & Fees
Full baths3
Features & details
12 categories of property features
Interior Features
Interior
Bath Off Primary
Dining Room
Appliances
Dishwashers_
Double Oven
Dryer(s)
GarbageDisposal_
Microwaves_
Refrigerators_
StovesRanges_
Washer(s)
Dishwasher(s)
Garbage Disposal
Microwave(s)
Refrigerator(s)
Stove(s)/Range(s)
Flooring
Ceramic Tile
Hardwood
Carpet
Heating
Fireplace
Forced Air
Heat Pump
Electric
Natural Gas
Fireplace
Wood Burning
Main Level: 1
Fireplace
Windows
Double Pane/Storm Window
Skylight(s)
Exterior Features
Parking
Attached Garage
Construction
Stucco
Patio & Porch
Ceramic Tile
Hardwood
Wall to Wall Carpet
Bath Off Primary
Double Pane/Storm Window
Sprinkler System
Dining Room
French Doors
Jetted Tub
Security System
Skylight(s)
Walk-In Pantry
Walk-In Closet(s)
Fireplace
Lot Features
Dead End Street
Paved
Cable TV
Deck
Dog Run
Fenced-Fully
Gas Available
High Speed Internet
Patio
Shop
Security
Security System
Views
City
Lake
Territorial
Room details
19 rooms detailed
Master Bedroom
SecondBedroom
LowerBedroom
LowerBedroom
LowerBathroom Full
LowerBathroom Full
LowerListing insights
Market data and value estimates
StatusSold
Days on market714
Est. value$3,730,200
Est. rent$7,991/mo
Tax rate0.82%
Price/sqft$531
On marketAug 27, 2023
PostedAug 30, 2023
Last sold$3,500,000
MLS statusSold
MLS updatedApr 24, 2024
Tour days6
Views14
How are the schools in Mercer Island?
3 schools rated nearby
Location
Mercer Island, WA, 98040
Price history
15 events
DateEventPrice$/sqftSource
Apr 24, 2024Sold$3,500,000$531NWMLS as distributed by MLS GRID
Mar 23, 2024Pending Sale$3,688,000$560NWMLS as distributed by MLS GRID
Feb 28, 2024Price Change$3,688,000$560NWMLS as distributed by MLS GRID
Sep 6, 2023Price Change$3,795,000$576Engel & Volkers
Aug 31, 2023Price Change$3,999,000$607Engel & Volkers
Aug 30, 2023Price Change$3,795,000$576NWMLS as distributed by MLS GRID
Jul 26, 2023Listed For Sale$3,999,000$607Engel & Volkers
Aug 15, 2016Sold$2,010,000$305NWMLS as distributed by MLS GRID
Jun 3, 2016Pending Sale$2,149,000$326Windermere Real Estate/Mercer Island
May 10, 2016Listed For Sale$2,149,000$326Windermere Real Estate/Mercer Island
Dec 3, 2015Listing Removed$2,140,000$325John L Scott Real Estate
Aug 24, 2015Price Change$2,140,000$325John L Scott Real Estate
Jun 7, 2015Price Change$2,298,000$349John L Scott Real Estate
Apr 8, 2015Listed For Sale$2,450,000$372John L Scott Real Estate
Oct 5, 1995Sold$145,000$22Public Record
Sold$3,500,000
Apr 24, 2024•$531/sqft•NWMLS as distributed by MLS GRID
Pending Sale$3,688,000
Mar 23, 2024•$560/sqft•NWMLS as distributed by MLS GRID
Price Change$3,688,000
Feb 28, 2024•$560/sqft•NWMLS as distributed by MLS GRID
Price Change$3,795,000
Sep 6, 2023•$576/sqft•Engel & Volkers
Price Change$3,999,000
Aug 31, 2023•$607/sqft•Engel & Volkers
Price Change$3,795,000
Aug 30, 2023•$576/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$3,999,000
Jul 26, 2023•$607/sqft•Engel & Volkers
Sold$2,010,000
Aug 15, 2016•$305/sqft•NWMLS as distributed by MLS GRID
Pending Sale$2,149,000
Jun 3, 2016•$326/sqft•Windermere Real Estate/Mercer Island
Listed For Sale$2,149,000
May 10, 2016•$326/sqft•Windermere Real Estate/Mercer Island
Listing Removed$2,140,000
Dec 3, 2015•$325/sqft•John L Scott Real Estate
Price Change$2,140,000
Aug 24, 2015•$325/sqft•John L Scott Real Estate
Price Change$2,298,000
Jun 7, 2015•$349/sqft•John L Scott Real Estate
Listed For Sale$2,450,000
Apr 8, 2015•$372/sqft•John L Scott Real Estate
Sold$145,000
Oct 5, 1995•$22/sqft•Public Record
Tax history
21 years of records
YearTax paidAssessed value
Apr 9, 2024$22,962$3,506,000
Apr 9, 2023$22,674$3,293,000
Apr 9, 2022$22,341$3,642,000
Apr 9, 2021$20,048$2,722,000
Apr 9, 2020$19,246$2,404,000
Apr 9, 2019$18,835$2,384,000
Apr 9, 2018$17,542$2,334,000
Apr 9, 2017$18,274$2,106,000
Apr 9, 2016$14,296$1,960,000
Apr 9, 2015$14,296$1,775,000
Apr 9, 2014$14,296$1,634,000
Apr 9, 2013$14,296$1,680,000
Apr 9, 2012—$1,549,000
Apr 9, 2011—$1,529,000
Apr 9, 2010—$1,602,000
Apr 9, 2009—$1,602,000
Apr 9, 2007—$1,715,000
Apr 9, 2006—$479,000
Apr 9, 2005—$440,000
Apr 9, 2001$2,012$210,000
Apr 9, 2000$1,778$168,000
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 20:58:46 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)
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