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  • Listed by: WeLakeside • Ling Drost
    Bought with: ZNonMember-Office-MLS
    $2,275,000

    2707 70th Avenue SE, Mercer Island, WA 98040

    --beds
    --baths
    8,202Square Feet
    Unimproved Land
    Built in ----
    8,202 Square Feet Lot
    $2,273,100 Zestimate®
    $--/sqft
    $6,729 Estimated rent

    Home value

    $2,273,100

    $2.11M - $2.45M

    $6,729/mo

    Zestimate® history
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    What's special

    Shovel-ready lot
    Seize a rare opportunity to create a modern architectural masterpiece in the heart of desirable First Hill, where all the heavy lifting of the permitting process has already been completed. Approved plans are thoughtfully designed to capture panoramic breathtaking west-facing views of Lake Washington, and dramatic sunsets through expansive walls of windows. The property is ideally oriented to capture unobstructed city skyline views. This shovel-ready lot includes approved plans for a 4,415 SF two-story residence with a daylight basement (building permit 2502-179). Offering both luxury and flexibility, the sophisticated layout features five bedroom suites with en-suite baths, along with a versatile office complete with a shower—ideal for remote work. Open-concept living spaces flow effortlessly to expansive entertaining decks, while the primary suite features its own private “million-dollar view” deck. A separate entrance leads to a permitted ADU (permit ADU25-001), perfectly suited for multi-generational living or income potential. With effortless access to I-90 connecting Seattle and Bellevue, this turnkey project presents an exceptional opportunity for investors or custom home builders to break ground immediately on one of the area’s premier view lots.

    Zillow last checked:

    Listing updated:

    Listed by:

    Ling Drost,

    WeLakeside

    Bought with:

    Unrepresentd ZDefault

    ZNonMember-Office-MLS

    Source: NWMLS as distributed by MLS GRID,MLS#: 2476168MLS Logo

    Facts & features

    Interior

    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 0

    Property

    Features
    • Has view: Yes
    • View description: City, Lake
    • Has water view: Yes
    • Water view: Lake
    Lot
    • Size: 8,202 Square Feet
    • Features: Sidewalk, Garden/Fruit Trees
    Details
    • Parcel number: 5093300650
    • Zoning description: Residential,Jurisdiction: City
    • Special conditions: Standard

    Utilities & green energy

    • Electric: Available
    • Gas: Available
    • Sewer: Available
    • Water: Available, Jurisdiction: City of Mercer Island
    • Utilities for property: Electricity Available, Natural Gas Available

    Community & HOA

    Community
    • Features: Park
    • Subdivision: First Hill
    Location
    • Region: Mercer Island

    Financial & listing details

    • Tax assessed value: $2,056,000
    • Annual tax amount: $12,191
    • Date on market: 4/17/2026
    • Cumulative days on market: 13 days
    • Road surface type: Paved

    Price history

    DateEventPrice
    3/30/2026Sold$2,275,000-3.2%
    Source: NWMLS as distributed by MLS GRID #2476168 Report a problem
    2/18/2026Pending sale$2,350,000
    Source: NWMLS as distributed by MLS GRID #2476203 Report a problem
    2/6/2026Listed for sale$2,350,000+20.5%
    Source: NWMLS as distributed by MLS GRID #2476168 Report a problem
    6/28/2024Sold$1,950,000+5.4%
    Source: NWMLS as distributed by MLS GRID #2242814 Report a problem
    6/11/2024Pending sale$1,850,000
    Source: NWMLS as distributed by MLS GRID #2242814 Report a problem
    5/29/2024Listed for sale$1,850,000
    Source: NWMLS as distributed by MLS GRID #2242814 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$13,408 +10%$2,056,000 +10.5%
    2024$12,191 +1.3%$1,860,000 +6.5%
    2023$12,038 +0.4%$1,747,000 -10.6%
    2022$11,995 +10.6%$1,954,000 +32.7%
    2021$10,849 +4.2%$1,472,000 +13.2%
    2020$10,415 -0.3%$1,300,000 -1.6%
    2019$10,444 +7.4%$1,321,000 +2.2%
    2018$9,725 -4%$1,293,000 +10.8%
    2017$10,132 +31.9%$1,167,000 +11%
    2016$7,679 $1,051,000 +10.4%
    2015$7,679 $952,000 +8.6%
    2014$7,679 $877,000 +4.2%
    2013$7,679 $842,000 +8.4%
    2012-- $777,000 +1.3%
    2011-- $767,000 -7.4%
    2010-- $828,000
    2009-- $828,000 -0.2%
    2007-- $830,000 +7.8%
    2006-- $770,000 +9.8%
    2005-- $701,000 +19.6%
    2001$5,604 +6.4%$586,000 +17.4%
    2000$5,269 $499,000
    Find assessor info on the county website

    Neighborhood: 98040

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: West Mercer 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.