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  • Listed by: Windermere Mercer Island • Trisha D Coy • 206-941-4357
    Bought with: Real Broker LLC
    $1,865,000

    5021 E Mercer Way, Mercer Island, WA 98040

    4beds
    3,234sqft
    Single Family Residence
    Built in 1977
    0.38 Acres Lot
    $1,918,100 Zestimate®
    $577/sqft
    $6,928 Estimated rent

    Home value

    $1,918,100

    $1.78M - $2.09M

    $6,928/mo

    Zestimate® history
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    What's special

    Sleek and sophisticated kitchenMasterpiece of craftsmanshipPrivate serene settingBeautiful finishesEver-changing natural lightSoaring ceilingsHandsome birch floors
    This one-of-a-kind residence is a masterpiece of craftsmanship, thoughtfully designed to blend seamlessly with its natural surroundings while creating a sense of timeless beauty and tranquility. Rich textures and natural woods bring warmth, character, and architectural interest throughout, evoking the feeling of a luxurious treehouse. The home enjoys a private, serene setting with captivating views stretching toward the lake while offering ever-changing natural light and framing of picturesque views of trees, sky, and water. Handsome birch floors guide you through the airy main level where soaring ceilings and thoughtfully designed spaces create an atmosphere that is both grand and welcoming. The sleek and sophisticated kitchen is designed for gathering, offering generous workspace, beautiful finishes, cozy nook and a seamless connection to the living and dining areas. Upstairs, the primary suite serves as a peaceful retreat, complete with a loft and adjoining sunroom that provide exceptional flexibility for working from home, reading, fitness, yoga, or enjoying a quiet moment. Multiple view decks extend the living spaces outdoors, offering countless opportunities to entertain and relax. Lovingly maintained and beautifully cared for, this extraordinary home offers a RARE combination of artistry, privacy, comfort, and connection to nature and the lake. The lower level entry and floorplan is fantastic for multigenerational living. Pre-inspected for you!

    Zillow last checked:

    Listing updated:

    Listed by:

    Trisha D Coy 206-941-4357 trish@rarenorthwest.com,

    Windermere Mercer Island,

    Rachel L A Mehmedagic 425-260-2972,

    Windermere Mercer Island

    Bought with:

    Esther Khongorzul, 124588

    Real Broker LLC

    Source: NWMLS as distributed by MLS GRID,MLS#: 2536763MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 1
    • 3/4 bathrooms: 2
    • 1/2 bathrooms: 1
    • Main level bathrooms: 1
    Primary bedroom
    • Level: Second
    Bedroom
    • Level: Lower
    Bedroom
    • Level: Lower
    Bedroom
    • Level: Lower
    Bathroom full
    • Level: Second
    Bathroom three quarter
    • Level: Lower
    Bathroom three quarter
    • Level: Second
    Other
    • Level: Main
    Den office
    • Level: Second
    Dining room
    • Level: Main
    Entry hall
    • Level: Main
    Entry hall
    • Level: Lower
    Kitchen with eating space
    • Level: Main
    Living room
    • Level: Main
    Utility room
    • Level: Lower
    Heating
    • Fireplace, Forced Air, Natural Gas
    Cooling
    • Has cooling: Yes
    Appliances
    • Included: Dishwasher, Disposal, Double Oven, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Tankless Water Heater, Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Washer(s), Water Heater: Tankless Gas, Water Heater Location: Utility Room
    Features
    • Bath Off Primary, Ceiling Fan(s), Dining Room, Loft, Sauna
    • Flooring: Ceramic Tile, Hardwood, Vinyl
    • Doors: French Doors
    • Windows: Dbl Pane/Storm Window, Skylight(s)
    • Basement: Finished
    • Number of fireplaces: 1
    • Fireplace features: Gas, Main Level: 1, Fireplace
    Interior area
    • Total structure area: 3,234
    • Total interior livable area: 3,234 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Detached Garage
    • Has garage: Yes
    • Covered spaces: 2
    • Uncovered spaces: 2
    Features
    • Levels: Three Or More
    • Entry location: Lower,Main
    • Patio & porch: Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, French Doors, Hot Tub/Spa, Jetted Tub, Loft, Sauna, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s), Water Heater, Wine/Beverage Refrigerator
    • Has spa: Yes
    • Spa features: Indoor, Bath
    • Has view: Yes
    • View description: Lake, Partial, Territorial
    • Has water view: Yes
    • Water view: Lake
    Lot
    • Size: 0.38 Acres
    • Features: Dead End Street, Paved, Cable TV, Deck, Dog Run, Fenced-Fully, Gas Available, Hot Tub/Spa, Patio
    • Topography: Partial Slope
    • Residential vegetation: Garden Space, Wooded
    Details
    • Parcel number: 2162000130
    • Zoning description: Jurisdiction: City
    • Special conditions: Standard
    • Other equipment: Leased Equipment: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Contemporary,Tri-Level
    • Property subtype: Single Family Residence
    Materials
    • Wood Siding
    • Foundation: Poured Concrete
    • Roof: Tile
    Condition
    • Very Good
    • Year built: 1977
    • Major remodel year: 1977

    Utilities & green energy

    • Electric: Company: PSE
    • Sewer: Available, Company: City of Mercer Island
    • Water: Public, Company: City of Mercer Island
    • Utilities for property: Comcast, Xfinity

    Community & HOA

    Community
    • Subdivision: East Mercer
    HOA
    • Services included: Road Maintenance, See Remarks
    • HOA fee: $300 annually
    Location
    • Region: Mercer Island

    Financial & listing details

    • Price per square foot: $577/sqft
    • Tax assessed value: $2,111,000
    • Annual tax amount: $12,989
    • Date on market: 6/24/2026
    • Listing terms: Conventional
    • Inclusions: Dishwasher(s), Double Oven, Dryer(s), Garbage Disposal, Leased Equipment, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)

    Price history

    DateEventPrice
    9/15/2026Sold$1,865,000-1.6%$577/sqft
    Source: NWMLS as distributed by MLS GRID #2536763 Report a problem
    8/4/2026Pending sale$1,895,000$586/sqft
    Source: NWMLS as distributed by MLS GRID #2536763 Report a problem
    7/24/2026Price change$1,895,000-1%$586/sqft
    Source: NWMLS as distributed by MLS GRID #2536763 Report a problem
    6/24/2026Listed for sale$1,915,000+397.4%$592/sqft
    Source: NWMLS as distributed by MLS GRID #2536763 Report a problem
    5/15/1995Sold$385,000+229.1%$119/sqft
    Source: Public Record Report a problem
    2/15/1995Sold$117,000$36/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$13,766 +6%$2,111,000 +6.5%
    2024$12,989 +1.2%$1,982,000 +6.4%
    2023$12,829 +13.1%$1,862,000 +0.8%
    2022$11,339 +11.4%$1,847,000 +33.7%
    2021$10,180 +4.1%$1,381,000 +13.2%
    2020$9,776 +2%$1,220,000 +0.7%
    2019$9,584 +7.3%$1,212,000 +2.1%
    2018$8,929 -4%$1,187,000 +10.8%
    2017$9,299 +32.1%$1,071,000 +11.1%
    2016$7,041 $964,000 +10.4%
    2015$7,041 $873,000 +8.6%
    2014$7,041 $804,000 +1.9%
    2013$7,041 $789,000 +8.4%
    2012-- $728,000 +1.3%
    2011-- $719,000 -7.2%
    2010-- $775,000
    2009-- $775,000 +3.6%
    2007-- $748,000 +7.8%
    2006-- $694,000 +9.8%
    2005-- $632,000 +24.7%
    2001$4,849 -0.2%$507,000 +10.2%
    2000$4,857 $460,000
    Find assessor info on the county website

    Neighborhood: 98040

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Island Park 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

    $1,918,100

    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

    $1,918,100