Reverie at Mercato, one of downtown Tacoma’s premier condominium communities, ideally located in the heart of vibrant New Tacoma. This beautifully updated 2-bedroom + den, 2-bath residence offers an exceptional blend of style, comfort, and walkable urban living. Freshly refreshed with updated flooring, paint, and modern finishes, the open-concept design is filled with natural light from expansive windows overlooking the beautifully landscaped courtyard below. Well-appointed kitchen features rich cabinetry, granite countertops, stainless steel appliances, abundant storage, and a generous breakfast bar that opens seamlessly to the dining and living areas. The spacious primary suite includes a walk-in closet and private ensuite bath, while the second bedroom and dedicated den provide flexible space for guests, a home office, fitness room. Morning coffee or evening relaxation on your private balcony overlooking the peaceful courtyard. Residents enjoy secure access, underground parking with three (3) parking spaces, private storage, a fitness center, theater, community kitchen, and beautifully maintained outdoor gathering spaces with BBQ areas. With an outstanding Walk Score, you're just steps from Tacoma’s best restaurants, coffee shops, museums, theaters, UWT, the waterfront, Link light rail, and countless entertainment options. Experience the convenience of low-maintenance living without sacrificing space, amenities, or location. This is downtown Tacoma living at its finest.
Active
Listed by: Real Broker LLC • Danny Altizer
$489,995
1501 Tacoma Avenue S #312, Tacoma, WA 98402
2beds
1,195sqft
Condominium
Built in 2006
-- sqft lot
$482,800 Zestimate®
$410/sqft
$625/mo HOA
What's special
Well-appointed kitchenSpacious primary suiteWalk-in closetPrivate ensuite bathOpen-concept designStainless steel appliancesRich cabinetry
- 81 days |
- 212 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Danny Altizer,
Real Broker LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2531969
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom three quarter
- Level: Main
Bathroom full
- Level: Main
Den office
- Level: Main
Entry hall
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Radiant, Electric
Cooling
- None
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Washer(s), Water Heater: Electric, Water Heater Location: Utility Closet, Cooking - Electric Hookup, Cooking-Electric, Dryer-Electric, Ice Maker
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Flooring: Ceramic Tile, Carpet
- Windows: Insulated Windows, Coverings: Blinds
- Number of fireplaces: 1
- Fireplace features: Electric, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,195
- Total interior livable area: 1,195 sqft
Property
Parking
- Total spaces: 3
- Parking features: Common Garage
- Has garage: Yes
- Covered spaces: 3
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Cooking-Electric, Dryer-Electric, Fireplace, Ice Maker, Insulated Windows, Primary Bathroom, Walk-In Closet(s), Washer, Water Heater
- Has view: Yes
- View description: Mountain(s), Sound, Territorial
- Has water view: Yes
- Water view: Sound
Lot
- Size: 431 Square Feet
- Features: Corner Lot, Curbs, Paved, Sidewalk
Details
- Parcel number: 9006930430
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Modern,Condo (1 Level)
- Property subtype: Condominium
Materials
- Brick, Cement/Concrete, Metal/Vinyl, Wood Siding
- Roof: Flat
Condition
- Year built: 2006
Utilities & green energy
- Electric: Company: TPU
- Sewer: Company: HOA
- Water: Company: HOA
Green energy
- Energy efficient items: Insulated Windows
Community & HOA
Community
- Features: Clubhouse, Elevator, Fitness Center
- Security: Fire Sprinkler System
- Subdivision: Tacoma
HOA
- Services included: Common Area Maintenance, Earthquake Insurance, Maintenance Grounds
- HOA fee: $625 monthly
- HOA phone: 253-985-3812
Location
- Region: Tacoma
Financial & listing details
- Price per square foot: $410/sqft
- Tax assessed value: $429,300
- Annual tax amount: $4,216
- Date on market: 5/29/2026
- Cumulative days on market: 82 days
- Listing terms: Conventional,FHA,State Bond,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Estimated market value
$482,800
$459,000 - $507,000
$2,845/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Listed for sale | $489,995+96%$410/sqft |
Source:  NWMLS as distributed by MLS GRID #2531969 Report a problem | ||
| 5/27/2026 | Listing removed | $2,620$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/24/2026 | Listed for rent | $2,620+31%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/13/2024 | Listing removed | $2,000-20%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/4/2024 | Listed for rent | $2,500$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/23/2009 | Sold | $250,000-18%$209/sqft |
Source: Public Record Report a problem | ||
| 7/1/2009 | Listed for sale | $304,950$255/sqft |
Source: Skyline Properties, Inc. - Puyallup Office #29093063 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,681 +11% | $429,300 +10.9% |
| 2024 | $4,216 -2.2% | $387,100 |
| 2023 | $4,311 +7.2% | $387,100 |
| 2022 | $4,022 -10.2% | $387,100 -0.8% |
| 2021 | $4,478 +24.3% | $390,400 +24.7% |
| 2019 | $3,602 -9.5% | $313,000 +13% |
| 2018 | $3,979 +706.8% | $277,100 +10% |
| 2017 | $493 -7% | $251,900 +29.6% |
| 2016 | $530 | $194,400 -8% |
| 2014 | $530 -57.1% | $211,300 +0.1% |
| 2013 | $1,236 | $211,000 -10.1% |
| 2012 | -- | $234,800 -7.4% |
| 2011 | -- | $253,700 -7.1% |
| 2010 | -- | $273,100 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: New Tacoma
Nearby schools
GreatSchools rating
- 3/10Edna Travis ElementaryGrades: PK-5Distance: 0.5 mi
- 3/10Hilltop Heritage Middle SchoolGrades: 6-8Distance: 1.2 mi
- 7/10Stadium High SchoolGrades: 9-12Distance: 1.3 mi
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