Welcome home to Mercer Island Waters Edge- an exquisite opportunity to create your own lake estate on 80 feet of no bank lakefront. Survey, engineering, plans, permitting complete (included with sale) and ready to build new ~4,900sf, 4 bedroom, 6 bathroom residence with 4 car garage on .83 acres. Enjoy estate sized lot, add tennis court or subdivide into two lots. Newly constructed dock boasts deep water moorage and serves as perfect launch point for recreation, cruises and longer excursions. Current 3,100sf four bedroom charming bungalow was constructed in 1908 and could be remodeled to recapture its sense of casual waterfront retreat. Ideally located on the north-end of the Island for easy commutes to Seattle and the Eastside.
Sold
Listed by: Windermere Real Estate/East
Bought with: COMPASS
$4,500,000
4006 E Mercer Way, Mercer Island, WA 98040
4beds
3,100sqft
Single Family Residence
Built in 1908
0.83 Acres Lot
$5,172,200 Zestimate®
$1,452/sqft
$6,328 Estimated rent
Home value
$5,172,200
$4.65M - $5.74M
$6,328/mo
Zestimate® history
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$27,173/mo
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Zillow last checked:
Listing updated:
Listed by:
Scott Richards,
Windermere Real Estate/East,
Stephanie Richards,
Windermere Real Estate/East
Bought with:
Qin Du, 98462
COMPASS
Source: NWMLS as distributed by MLS GRID,MLS#: 2159581
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Heating
- Fireplace, Forced Air, Electric, Natural Gas
Cooling
- Forced Air
Features
- Dining Room
- Flooring: Hardwood, Vinyl, Carpet
- Basement: None
- Number of fireplaces: 2
- Fireplace features: Gas, Main Level: 1, Upper Level: 1, Fireplace
Interior area
- Total structure area: 3,100
- Total interior livable area: 3,100 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached Garage
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Hardwood, Wall to Wall Carpet, Dining Room, Fireplace (Primary Bedroom), Fireplace
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake, No Bank
- Frontage length: Waterfront Ft: 80
Lot
- Size: 0.83 Acres
- Features: Dead End Street, Paved, Value In Land, Deck, Dock, Moorage
- Topography: Sloped
Details
- Parcel number: 4131900005
- Zoning description: R9.6,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1908
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of MI
- Water: Public, Company: City of MI
Community & neighborhood
Location
- Region: Mercer Island
- Subdivision: Eastside
Other
Other facts
- Listing terms: Conventional
- Cumulative days on market: 1178 days
Price history
| Date | Event | Price |
|---|---|---|
| 3/6/2024 | Sold | $4,500,000-18.2%$1,452/sqft |
Source:  NWMLS as distributed by MLS GRID #2159581 Report a problem | ||
| 1/6/2024 | Pending sale | $5,499,988$1,774/sqft |
Source: NWMLS as distributed by MLS GRID #2159581 Report a problem | ||
| 9/8/2023 | Listed for sale | $5,499,988-21.4%$1,774/sqft |
Source: NWMLS as distributed by MLS GRID #2159581 Report a problem | ||
| 2/3/2023 | Listing removed | -- |
Source: Realogics Sothebys International Realty Report a problem | ||
| 11/4/2022 | Listed for sale | $6,999,988+91.8%$2,258/sqft |
Source: Realogics Sothebys International Realty #2014082 Report a problem | ||
| 4/23/2020 | Sold | $3,650,000+1.4%$1,177/sqft |
Source: NWMLS as distributed by MLS GRID #1565499 Report a problem | ||
| 2/29/2020 | Pending sale | $3,600,000$1,161/sqft |
Source: Windermere /East Inc. #1565499 Report a problem | ||
| 2/21/2020 | Listed for sale | $3,600,000-18%$1,161/sqft |
Source: Windermere /East Inc. #1565499 Report a problem | ||
| 7/14/2019 | Listing removed | $4,388,000$1,415/sqft |
Source: Keller Williams Rlty Bellevue #1429242 Report a problem | ||
| 3/26/2019 | Listed for sale | $4,388,000$1,415/sqft |
Source: Keller Williams Rlty Bellevue #1429242 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $37,082 +42.3% | $5,692,000 +43.1% |
| 2024 | $26,057 +1.3% | $3,979,000 +6.5% |
| 2023 | $25,729 +0.4% | $3,737,000 -10.6% |
| 2022 | $25,638 +11.4% | $4,180,000 +33.8% |
| 2021 | $23,006 -7.4% | $3,124,000 -0.7% |
| 2019 | $24,858 0% | $3,147,000 -4.9% |
| 2018 | $24,864 -10.3% | $3,309,000 +3.6% |
| 2017 | $27,708 +32.2% | $3,194,000 +11.1% |
| 2016 | $20,965 | $2,875,000 +10.4% |
| 2015 | $20,965 | $2,604,000 +8.6% |
| 2014 | $20,965 | $2,397,000 +3.3% |
| 2013 | $20,965 | $2,321,000 +8.5% |
| 2012 | -- | $2,140,000 -4.8% |
| 2011 | -- | $2,247,000 -7.3% |
| 2010 | -- | $2,423,000 |
| 2009 | -- | $2,423,000 +59.8% |
| 2007 | -- | $1,516,000 -0.1% |
| 2006 | -- | $1,518,000 +9.8% |
| 2005 | -- | $1,382,000 +41.2% |
| 2001 | $9,358 +8.7% | $979,000 +20% |
| 2000 | $8,612 | $816,000 |
Find assessor info on the county website
Neighborhood: 98040
Nearby schools
GreatSchools rating
- 9/10Northwood Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 9/10Islander Middle SchoolGrades: 6-8Distance: 2.8 mi
- 10/10Mercer Island High SchoolGrades: 9-12Distance: 0.7 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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Estimated market value
$5,172,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$5,172,200
- Washington
- King County
- Mercer Island
- 98040
- 4006 E Mercer Way
Nearby cities
Nearby zip codes
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