Rare opportunity on Mercer Island — a East facing one-bedroom with a private deck all within steps of the light rail station, Park & Ride and Downtown. The open living/dining space features hardwood-look plank flooring, a wall of windows, and seamless flow to the oversized deck. kitchen and bath. Building amenities include elevator, gated entry, laundry, and extra storage. The HOA includes water, sewer, trash, earthquake insurance, and grounds — two cell tower leases with Verizon and T-Mobile provide the association durable non-assessment revenue. Board actively managing capital projects including building repipe (engineering underway with J2 Consulting), new gutters, LED lighting upgrades, and elevator work recently completed. Walk Score 80 | Transit Score 82. Mercer Island schools. Bonus: No Rental Cap
Active
Listed by: RE/MAX Eastside Brokers, Inc. • Bev Watson
$369,000
2500 81st Avenue SE #329, Mercer Island, WA 98040
1beds
715sqft
:
Get pre-qualified$3,087/mo
Condominium
Built in 1960
-- sqft lot
$354,400 Zestimate®
$516/sqft
$770/mo HOA
What's special
Extra storageHardwood-look plank flooringWall of windowsGated entryPrivate deckEast facing one-bedroom
- 24 days |
- 371 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Bev Watson,
RE/MAX Eastside Brokers, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2548493
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Bedroom
- Level: Main
Bathroom full
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Baseboard, Wall Furnace, Electric
Cooling
- None
Appliances
- Included: Dishwasher, Disposal, Microwave, Refrigerator, Stove(s)/Range(s), Dishwasher(s), Garbage Disposal, Microwave(s), Refrigerator(s), Water Heater: electric, Cooking - Electric Hookup, Cooking-Electric
- Laundry: Common Area
Features
- Flooring: Laminate, Vinyl, Vinyl Plank
- Windows: Insulated Windows, Coverings: blinds
- Has fireplace: No
Interior area
- Total structure area: 715
- Total interior livable area: 715 sqft
Property
Parking
- Total spaces: 1
- Parking features: Off Street, Uncovered
- Uncovered spaces: 1
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Cooking-Electric, Insulated Windows, Water Heater
- Has view: Yes
- View description: Territorial
Lot
- Features: Corner Lot, Curbs, Paved, Sidewalk
Details
- Parcel number: 5451500970
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Traditional,Condo (1 Level)
- Property subtype: Condominium
Materials
- Brick, Wood Products
- Roof: Flat,Torch Down
Condition
- Year built: 1960
Utilities & green energy
- Electric: Company: PSE
- Sewer: Company: HOA
- Water: Company: HOA
Green energy
- Energy efficient items: Insulated Windows
Community & HOA
Community
- Features: Clubhouse, Elevator, Game/Rec Rm, Lobby Entrance, Outside Entry, See Remarks
- Subdivision: Downtown
HOA
- Services included: Central Hot Water, Common Area Maintenance, Road Maintenance, Sewer, Water
- HOA fee: $770 monthly
Location
- Region: Mercer Island
Financial & listing details
- Price per square foot: $516/sqft
- Tax assessed value: $316,000
- Annual tax amount: $2,078
- Date on market: 3/3/2026
- Cumulative days on market: 145 days
- Listing terms: Conventional
- Inclusions: Dishwasher(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s)
Estimated market value
$354,400
$337,000 - $372,000
$1,998/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Listed for sale | $369,000+25.1%$516/sqft |
Source:  NWMLS as distributed by MLS GRID #2548493 Report a problem | ||
| 1/16/2018 | Sold | $295,000-1.7%$413/sqft |
Source: NWMLS as distributed by MLS GRID #1216853 Report a problem | ||
| 1/12/2018 | Pending sale | $299,999$420/sqft |
Source: Land-Linc #1216853 Report a problem | ||
| 1/12/2018 | Listed for sale | $299,999$420/sqft |
Source: Land-Linc #1216853 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,079 +15.5% | $316,000 +16.2% |
| 2024 | $1,799 -23% | $272,000 -19.3% |
| 2023 | $2,337 +15.9% | $337,000 +3.4% |
| 2022 | $2,017 -11.4% | $326,000 +6.2% |
| 2021 | $2,277 -3.2% | $307,000 +5.1% |
| 2020 | $2,353 -2% | $292,000 -3.3% |
| 2019 | $2,401 +11.4% | $302,000 +6% |
| 2018 | $2,155 +14.3% | $285,000 +31.9% |
| 2017 | $1,886 +26.6% | $216,000 +16.8% |
| 2016 | $1,490 | $185,000 +5.1% |
| 2015 | $1,490 | $176,000 +4.1% |
| 2014 | $1,490 | $169,000 +37.4% |
| 2013 | $1,490 | $123,000 +9.8% |
| 2012 | -- | $112,000 -10.4% |
| 2011 | -- | $125,000 -24.2% |
| 2010 | -- | $165,000 |
| 2009 | -- | $165,000 +12.2% |
| 2007 | -- | $147,000 +13.1% |
| 2006 | -- | $130,000 +5.7% |
| 2005 | -- | $123,000 +55.3% |
| 2001 | $762 +23.2% | $79,200 +36.3% |
| 2000 | $619 | $58,100 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98040
Nearby schools
GreatSchools rating
- 9/10Northwood Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 9/10Islander Middle SchoolGrades: 6-8Distance: 3.5 mi
- 10/10Mercer Island High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Middle: Islander Mid
- High: Mercer Isl High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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