Commanding breathtaking Mount Rainier views across pristine Lake Washington, this 4,450 sq ft Mercer Island residence offers an extraordinary blend of lifestyle, location, and opportunity. Four bedrooms, including dual primary suite potential, create versatility for modern living. Gentle, easy access from E Mercer Way leads to a rare, flat 108-ft low-bank waterfront with deep-water moorage for yachts and floatplane. Sun-filled interiors and multiple terraces invite effortless entertaining. With proximity to I-90 and top-rated schools, this is a legacy-level waterfront estate awaiting its next visionary owner.
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Listed by: Realogics Sotheby's Int'l Rlty • Robert Pong
Bought with: COMPASS
$5,150,000
4802 E Mercer Way, Mercer Island, WA 98040
4beds
4,650sqft
Single Family Residence
Built in 1980
0.54 Acres Lot
$5,064,100 Zestimate®
$1,108/sqft
$7,406 Estimated rent
Home value
$5,064,100
$4.66M - $5.47M
$7,406/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Robert Pong,
Realogics Sotheby's Int'l Rlty,
Dan Wozniak,
Realogics Sotheby's Int'l Rlty
Bought with:
Greg Rosenwald, 79606
COMPASS
Source: NWMLS as distributed by MLS GRID,MLS#: 2422248
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
- Main level bathrooms: 4
- Main level bedrooms: 3
Bathroom full
- Level: Lower
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Other
- Level: Lower
Utility room
- Level: Main
Heating
- Fireplace, Forced Air, Geothermal, Natural Gas
Cooling
- Forced Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s)
Features
- Flooring: Hardwood, Carpet
- Basement: Daylight,Partially Finished
- Number of fireplaces: 3
- Fireplace features: Gas, Wood Burning, Lower Level: 1, Main Level: 2, Fireplace
Interior area
- Total structure area: 4,650
- Total interior livable area: 4,650 sqft
Property
Parking
- Total spaces: 3
- Parking features: Attached Garage
- Has attached garage: Yes
- Covered spaces: 3
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Fireplace
- Pool features: In Ground, In-Ground
- Has spa: Yes
- On waterfront: Yes
- Waterfront features: Low Bank, Lake
- Frontage length: Waterfront Ft: 108
Lot
- Size: 0.54 Acres
- Features: Dead End Street, Deck, Dock, Fenced-Partially, Gas Available, Hot Tub/Spa, Irrigation, Moorage, Propane, Sprinkler System
Details
- Parcel number: 1924059069
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story w/Bsmnt.
- Property subtype: Single Family Residence
Materials
- Cement/Concrete, Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1980
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Mercer Island
- Water: Public, Company: City of Mercer Island
Community & HOA
Community
- Features: Boat Launch
- Subdivision: East Mercer
Location
- Region: Mercer Island
Financial & listing details
- Price per square foot: $1,108/sqft
- Tax assessed value: $7,163,000
- Annual tax amount: $36,338
- Date on market: 8/24/2025
- Cumulative days on market: 332 days
- Listing terms: Conventional
- Inclusions: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Price history
| Date | Event | Price |
|---|---|---|
| 1/23/2026 | Sold | $5,150,000-6.4%$1,108/sqft |
Source:  NWMLS as distributed by MLS GRID #2422248 Report a problem | ||
| 1/3/2026 | Pending sale | $5,500,000$1,183/sqft |
Source: NWMLS as distributed by MLS GRID #2422248 Report a problem | ||
| 9/9/2025 | Listed for sale | $5,500,000+57.1%$1,183/sqft |
Source: NWMLS as distributed by MLS GRID #2422248 Report a problem | ||
| 1/29/2025 | Listing removed | $11,100$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/11/2025 | Price change | $11,100-7.5%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/24/2024 | Listed for rent | $12,000+36.4%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/23/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 9/29/2021 | Listed for rent | $8,800-2.2%$2/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 2/26/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 12/10/2020 | Listed for rent | $9,000+5.9%$2/sqft |
Source: Sagareus Real Estate Report a problem | ||
| 3/28/2017 | Listing removed | $8,500$2/sqft |
Source: Windermere Property Management/Lori Gill and Associates Report a problem | ||
| 1/27/2017 | Listed for rent | $8,500$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 11/4/2016 | Sold | $3,500,000-7.8%$753/sqft |
Source: NWMLS as distributed by MLS GRID #1025222 Report a problem | ||
| 9/14/2016 | Pending sale | $3,795,000$816/sqft |
Source: John L Scott Real Estate #1025222 Report a problem | ||
| 9/13/2016 | Listed for sale | $3,795,000$816/sqft |
Source: John L Scott Real Estate #1025222 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $46,659 +28.4% | $7,163,000 +29.1% |
| 2024 | $36,338 +1.3% | $5,550,000 +6.5% |
| 2023 | $35,876 +0.4% | $5,212,000 -10.6% |
| 2022 | $35,745 +11.4% | $5,829,000 +33.8% |
| 2021 | $32,079 +4.2% | $4,357,000 +13.3% |
| 2020 | $30,788 -2.5% | $3,847,000 -3.8% |
| 2019 | $31,591 +2.4% | $4,000,000 -2.6% |
| 2018 | $30,864 -10.3% | $4,108,000 +3.6% |
| 2017 | $34,393 +27.9% | $3,965,000 +7.5% |
| 2016 | $26,900 | $3,689,000 +10.4% |
| 2015 | $26,900 | $3,341,000 +8.6% |
| 2014 | $26,900 | $3,076,000 +5.1% |
| 2013 | $26,900 | $2,928,000 -10% |
| 2012 | -- | $3,253,000 -4.8% |
| 2011 | -- | $3,416,000 -7.2% |
| 2010 | -- | $3,683,000 |
| 2009 | -- | $3,683,000 +30.6% |
| 2007 | -- | $2,821,000 +10.2% |
| 2006 | -- | $2,561,000 +9.8% |
| 2005 | -- | $2,332,000 +21.5% |
| 2001 | $18,338 +8.6% | $1,919,000 +19.9% |
| 2000 | $16,881 | $1,600,000 |
Find assessor info on the county website
Neighborhood: 98040
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Nearby schools
GreatSchools rating
- 9/10Island Park Elementary SchoolGrades: K-5Distance: 0.8 mi
- 9/10Islander Middle SchoolGrades: 6-8Distance: 1.8 mi
- 10/10Mercer Island High SchoolGrades: 9-12Distance: 1 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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Estimated market value
$5,064,100
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Estimated market value
$5,064,100
- Washington
- King County
- Mercer Island
- 98040
- 4802 E Mercer Way
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