A rare west-facing Mercer Island waterfront legacy, this extraordinary offering presents a once in a generation opportunity to create an iconic estate. Set on approximately 28,000 square feet of private, forested grounds with 150 feet of shoreline, the property commands sweeping views of Seattle’s skyline, Seward Park, glowing sunsets, and the dynamic beauty of Lake Washington. The setting feels tranquil and secluded, yet remains moments from the heart of Mercer Island and within effortless reach of Seattle, Bellevue, Issaquah, and year round mountain recreation. A private dock supports an exceptional lakeside lifestyle with boating, swimming, paddleboarding, and long summer days on the water. The existing 3880 sq foot residence is rich in timeless character and presents an ideal candidate for a comprehensive gut renovation, preserving its soul while elevating it to modern luxury standards, or alternatively offers a compelling canvas for new construction that fully maximizes the premier west side waterfront setting. Located in one of Mercer Island’s most coveted neighborhoods, this rare property benefits from top rated schools, a strong community, and enduring long term value through irreplaceable land and views.
Sold
Listed by: Windermere West Metro
Bought with: Fly Route LLC
$7,629,375
5265 West Mercer Way, Mercer Island, WA 98040
4beds
3,880sqft
Single Family Residence
Built in 1941
0.64 Acres Lot
$7,560,100 Zestimate®
$1,966/sqft
$6,495 Estimated rent
Home value
$7,560,100
$6.96M - $8.16M
$6,495/mo
Zestimate® history
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$45,862/mo
Est. payment
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Est. payment
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Private dock
Zillow last checked:
Listing updated:
Offers reviewed: Feb 05
Listed by:
Kelly A. Malloy,
Windermere West Metro
Bought with:
Trenton C. Dykes, 50062
Fly Route LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2469842
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Bedroom
- Level: Main
Bedroom
- Level: Lower
Bedroom
- Level: Lower
Bedroom
- Level: Main
Bathroom full
- Level: Lower
Bathroom full
- Level: Main
Den office
- Level: Main
Entry hall
- Level: Main
Family room
- Level: Lower
Great room
- Level: Main
Kitchen with eating space
- Level: Main
Utility room
- Level: Lower
Heating
- Fireplace, Baseboard, Forced Air, Oil
Cooling
- None
Appliances
- Included: Dishwasher, Double Oven, Dryer, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Refrigerator(s), Washer(s), Water Heater: Electric, Water Heater Location: Basement
Features
- Dining Room
- Flooring: Ceramic Tile, Hardwood, Carpet
- Doors: French Doors
- Windows: Skylight(s)
- Basement: Daylight,Finished
- Number of fireplaces: 2
- Fireplace features: Wood Burning, Lower Level: 1, Main Level: 1, Fireplace
Interior area
- Total structure area: 3,880
- Total interior livable area: 3,880 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Attached Garage, Off Street
- Has attached garage: Yes
- Covered spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Dining Room, Fireplace, French Doors, Jetted Tub, Skylight(s), Water Heater
- Spa features: Bath
- Has view: Yes
- View description: City, Lake, Territorial
- Has water view: Yes
- Water view: Lake
- Waterfront features: Low Bank, Lake
- Frontage length: Waterfront Ft: 150
Lot
- Size: 0.64 Acres
- Features: Dead End Street, Value In Land, Deck, Dock
- Topography: Level,Partial Slope,Terraces
Details
- Parcel number: 2424049011
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story w/Bsmnt.
- Property subtype: Single Family Residence
Materials
- Cement/Concrete, Stucco
- Roof: Tile
Condition
- Year built: 1941
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Mercer Island
- Water: Public, Company: City of Mercer Island
- Utilities for property: Comcast, Comcast
Community & neighborhood
Location
- Region: Mercer Island
- Subdivision: West Mercer
Other
Other facts
- Listing terms: Conventional
- Cumulative days on market: 18 days
Price history
| Date | Event | Price |
|---|---|---|
| 3/19/2026 | Sold | $7,629,375-6.4%$1,966/sqft |
Source:  NWMLS as distributed by MLS GRID #2469842 Report a problem | ||
| 2/6/2026 | Pending sale | $8,150,000$2,101/sqft |
Source: NWMLS as distributed by MLS GRID #2469842 Report a problem | ||
| 1/21/2026 | Listed for sale | $8,150,000$2,101/sqft |
Source: NWMLS as distributed by MLS GRID #2469842 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $64,642 +10% | $9,925,000 +10.6% |
| 2024 | $58,757 +1.3% | $8,976,000 +6.5% |
| 2023 | $58,009 +0.4% | $8,429,000 -10.6% |
| 2022 | $57,791 +11.4% | $9,426,000 +33.8% |
| 2021 | $51,859 +4.2% | $7,045,000 +13.3% |
| 2020 | $49,769 +4.1% | $6,220,000 +2.7% |
| 2019 | $47,804 +7.4% | $6,054,000 +2.2% |
| 2018 | $44,516 -10.3% | $5,926,000 +3.6% |
| 2017 | $49,610 +32.2% | $5,720,000 +11.1% |
| 2016 | $37,530 | $5,148,000 +10.4% |
| 2015 | $37,530 | $4,662,000 +8.6% |
| 2014 | $37,530 | $4,292,000 +7.8% |
| 2013 | $37,530 | $3,982,000 -2.5% |
| 2012 | -- | $4,083,000 -14.6% |
| 2011 | -- | $4,782,000 -7.2% |
| 2010 | -- | $5,155,000 |
| 2009 | -- | $5,155,000 +27.4% |
| 2007 | -- | $4,046,000 -0.1% |
| 2006 | -- | $4,051,000 |
| 2005 | -- | $4,051,000 +38.4% |
| 2001 | $27,976 +26.8% | $2,928,000 +40% |
| 2000 | $22,069 | $2,092,000 |
Find assessor info on the county website
Neighborhood: 98040
Nearby schools
GreatSchools rating
- 9/10Island Park Elementary SchoolGrades: K-5Distance: 0.4 mi
- 9/10Islander Middle SchoolGrades: 6-8Distance: 1.2 mi
- 10/10Mercer Island High SchoolGrades: 9-12Distance: 1.3 mi
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Estimated market value
$7,560,100
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Estimated market value
$7,560,100
- Washington
- King County
- Mercer Island
- 98040
- 5265 West Mercer Way
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