Light-filled and move-in ready, this inviting 2-bedroom, 1.5-bath Mercer Island condominium offers comfort, convenience, and an exceptional location. Fresh interior paint and new carpet create a clean, updated feeling throughout. The spacious living room is anchored by a cozy wood-burning fireplace and a dramatic wall of windows that floods the home with natural light while opening to an expansive sun terrace—perfect for morning coffee, outdoor dining, or simply enjoying the peaceful treed outlook. The functional kitchen offers new stainless-steel appliances, ample storage, and workspace. The thoughtful floor plan provides comfortable everyday living and an assigned parking space for added convenience. Ideally situated just moments from Mercer Island's vibrant town center, shops, restaurants, parks, and the Link Light Rail station, you'll enjoy a highly walkable lifestyle with easy access to both Seattle and Bellevue. A wonderful opportunity to enjoy the best of Mercer Island living!
Active
Listed by: Coldwell Banker Bain • Franz T. Diessner
$449,950
2500 81st Avenue SE #351, Mercer Island, WA 98040
2beds
1,065sqft
:
Get pre-qualified$3,986/mo
Condominium
Built in 1960
-- sqft lot
$435,500 Zestimate®
$422/sqft
$1,191/mo HOA
What's special
Cozy wood-burning fireplaceFunctional kitchenPeaceful treed outlookThoughtful floor planFresh interior paintNew stainless-steel appliancesExpansive sun terrace
- 49 days |
- 982 |
- 36 |
Zillow last checked:
Listing updated:
Listed by:
Franz T. Diessner,
Coldwell Banker Bain,
Joe Overland,
Coldwell Banker Bain
Source: NWMLS as distributed by MLS GRID,MLS#: 2535994
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Heating
- Fireplace, Radiant, 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: Vinyl, Carpet
- Windows: Insulated Windows, Coverings: Yes
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,065
- Total interior livable area: 1,065 sqft
Property
Parking
- Total spaces: 2
- Parking features: Carport, Off Street, Uncovered
- Has carport: Yes
- Covered spaces: 1
- Uncovered spaces: 1
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Cooking-Electric, End Unit, Fireplace, Insulated Windows, Primary Bathroom, Top Floor, Water Heater
- Has view: Yes
- View description: Lake, Partial, Territorial
- Has water view: Yes
- Water view: Lake
Lot
- Features: Curbs, Paved, Sidewalk
Details
- Parcel number: 5451501190
- Special conditions: Standard
- Other equipment: Leased Equipment: None
Construction
Type & style
- Home type: Condo
- Architectural style: Condo (1 Level)
- Property subtype: Condominium
Materials
- Brick, Wood Siding
- Roof: Flat
Condition
- Year built: 1960
- Major remodel year: 1970
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Company: HOA
- Water: Company: HOA
- Utilities for property: Xfinity, Xfinity
Green energy
- Energy efficient items: Insulated Windows
Community & HOA
Community
- Features: Cable TV, Clubhouse, Elevator, Game/Rec Rm, Lobby Entrance
- Subdivision: Mercer Island
HOA
- Services included: Common Area Maintenance, Sewer, Water
- HOA fee: $1,191 monthly
Location
- Region: Mercer Island
Financial & listing details
- Price per square foot: $422/sqft
- Tax assessed value: $441,000
- Annual tax amount: $2,892
- Date on market: 6/5/2026
- Cumulative days on market: 51 days
- Listing terms: Conventional
- Inclusions: Dishwasher(s), Garbage Disposal, Leased Equipment, Microwave(s), Refrigerator(s), Stove(s)/Range(s)
Estimated market value
$435,500
$414,000 - $457,000
$2,762/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/6/2026 | Listed for sale | $449,950+141.9%$422/sqft |
Source:  NWMLS as distributed by MLS GRID #2535994 Report a problem | ||
| 10/11/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 9/9/2022 | Listed for rent | $1,850+8.8%$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 5/28/2019 | Listing removed | $1,700$2/sqft |
Source: Windermere Property Management / Lori Gill & Associates Report a problem | ||
| 5/7/2019 | Listed for rent | $1,700+36%$2/sqft |
Source: Windermere Property Management / Lori Gill & Associates Report a problem | ||
| 8/29/2012 | Listing removed | $1,250$1/sqft |
Source: Windermere Property Management/Lori Gill & Associates #387988 Report a problem | ||
| 8/22/2012 | Price change | $1,250-7.4%$1/sqft |
Source: Windermere Property Management/Lori Gill & Associates #387988 Report a problem | ||
| 8/1/2012 | Listed for rent | $1,350$1/sqft |
Source: Windermere Property Management/Lori Gill & Associates #387988 Report a problem | ||
| 7/7/2005 | Sold | $186,000+14.1%$175/sqft |
Source: Public Record Report a problem | ||
| 7/15/2003 | Sold | $163,000+0.6%$153/sqft |
Source: Public Record Report a problem | ||
| 7/20/2001 | Sold | $162,000$152/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,893 +18.5% | $441,000 +19.2% |
| 2024 | $2,440 -22.5% | $370,000 -18.7% |
| 2023 | $3,149 +14.4% | $455,000 +2% |
| 2022 | $2,752 -14.7% | $446,000 +2.3% |
| 2021 | $3,226 +5.5% | $436,000 +14.7% |
| 2020 | $3,057 -3% | $380,000 -4.3% |
| 2019 | $3,151 +9% | $397,000 +3.7% |
| 2018 | $2,891 +6% | $383,000 +22.4% |
| 2017 | $2,727 +31.4% | $313,000 +18.6% |
| 2016 | $2,076 | $264,000 +10.5% |
| 2015 | $2,076 | $239,000 +1.3% |
| 2014 | $2,076 | $236,000 +36.4% |
| 2013 | $2,076 | $173,000 +10.9% |
| 2012 | -- | $156,000 -5.5% |
| 2011 | -- | $165,000 -25% |
| 2010 | -- | $220,000 |
| 2009 | -- | $220,000 +8.4% |
| 2007 | -- | $203,000 +12.8% |
| 2006 | -- | $180,000 +5.9% |
| 2005 | -- | $170,000 +55.3% |
| 2001 | $1,052 +24.3% | $109,500 +37.4% |
| 2000 | $846 | $79,700 |
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
- Elementary: Northwood Elem
- 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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A local agent can set up tours, give advice and negotiate with sellers.
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