Prime 13,500 sq ft level lot on Mercer Island’s coveted north end! Perfectly oriented for both morning and evening sun, this expansive property offers endless possibilities—build your dream home or reimagine the existing structure to suit your vision. Currently used as a school, the home will need updates to convert back to residential use. Enjoy privacy and convenience near Northwood & West Mercer Elementary, MIHS, Boys & Girls Club, parks, indoor pool, and downtown Mercer Island. A rare, flat lot with incredible potential—bring your builder and architect! Home is occupied—appointment required to view.
Pending
Listed by: John L. Scott, Inc. • Steven P. Craig
$1,695,000
4025 86th Avenue SE, Mercer Island, WA 98040
2beds
1,440sqft
:
Get pre-qualifiedN/A
Single Family Residence
Built in 1953
0.31 Acres Lot
$1,627,800 Zestimate®
$1,177/sqft
$-- HOA
What's special
Morning and evening sunLevel lotFlat lotExpansive property
- 273 days |
- 27 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Steven P. Craig,
John L. Scott, Inc.,
Johanna Craig,
John L. Scott, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2444397
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Bathroom full
- Level: Main
Heating
- Forced Air, Electric, Natural Gas
Cooling
- Forced Air, Wall Unit(s)
Appliances
- Included: Water Heater: Gas
Features
- Flooring: Hardwood
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 1,440
- Total interior livable area: 1,440 sqft
Property
Parking
- Parking features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Water Heater
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.31 Acres
- Features: Paved, Value In Land, Fenced-Fully, Gas Available, Patio
- Topography: Level
Details
- Parcel number: 5450300180
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subtype: Single Family Residence
Materials
- Brick, Wood Siding
- Roof: Composition
Condition
- Year built: 1953
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: Mercer Island
- Water: Public, Company: Mercer Island
Community & HOA
Community
- Subdivision: Mid Island
HOA
- HOA phone: 000-000-0000
Location
- Region: Mercer Island
Financial & listing details
- Price per square foot: $1,177/sqft
- Tax assessed value: $1,286,000
- Annual tax amount: $19
- Date on market: 2/27/2026
- Cumulative days on market: 147 days
- Listing terms: Conventional
Estimated market value
$1,627,800
$1.55M - $1.71M
$3,903/mo
Price history
| Date | Event | Price |
|---|---|---|
| 12/2/2025 | Pending sale | $1,695,000$1,177/sqft |
Source:  NWMLS as distributed by MLS GRID #2444397 Report a problem | ||
| 10/23/2025 | Listed for sale | $1,695,000+1882.5%$1,177/sqft |
Source: NWMLS as distributed by MLS GRID #2444397 Report a problem | ||
| 2/26/1987 | Sold | $85,500$59/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $22 +11.3% | -- |
| 2024 | $19 +51.4% | -- |
| 2023 | $13 | -- |
| 2022 | -- | -- |
| 2021 | $18 +48% | -- |
| 2020 | $12 -30.3% | -- |
| 2019 | $17 +80.5% | -- |
| 2018 | $9 -25.5% | -- |
| 2017 | $13 | $761,000 +9.2% |
| 2016 | $13 | $697,000 +10.3% |
| 2015 | $13 | $632,000 +8% |
| 2014 | $13 | $585,000 +2.1% |
| 2013 | $13 | $573,000 +8.3% |
| 2012 | -- | $529,000 +1.1% |
| 2011 | -- | $523,000 -7.4% |
| 2010 | -- | $565,000 |
| 2009 | -- | $565,000 +39.5% |
| 2007 | -- | $405,000 +9.2% |
| 2006 | -- | $371,000 +3.1% |
| 2005 | -- | $360,000 +23.3% |
| 2001 | $2,795 -0.2% | $292,000 +10.2% |
| 2000 | $2,801 | $265,000 |
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: 0.1 mi
- 9/10Islander Middle SchoolGrades: 6-8Distance: 2.5 mi
- 10/10Mercer Island High SchoolGrades: 9-12Distance: 0.3 mi
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