Rare opportunity to acquire one of Mercer Island's few fully permitted, construction-ready custom homesites. Included with the sale are approved architectural plans by Seattle-based Citizen Design and building permits for a thoughtfully designed modern residence, allowing buyers to bypass years of design, engineering, permitting and uncertainty while still participating in select finish selections before construction begins. The planned home blends timeless architecture with refined interiors and spaces designed for modern living. Expansive gathering areas connect seamlessly to covered outdoor living, anchored by a chef's kitchen with an oversized island, butler's pantry, dedicated office, main-floor guest suite and functional mudroom. Upstairs, the private primary retreat offers dual walk-in closets and a spa-inspired bath with heated floors, soaking tub and oversized shower, plus three additional bedrooms, two baths and a spacious laundry room. The lower level features a theater, recreation room, wet bar and guest suite with private exterior access. White oak flooring, rift-cut oak cabinetry, natural stone, handmade tile and brushed brass fixtures create a warm, timeless palette inspired by the Pacific Northwest. An extraordinary opportunity to skip years of planning while retaining the ability to personalize select finishes before construction begins. Permit included with sale, offering a rare path to exceptional new home in one of Mercer Island's most coveted settings
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Zillow last checked:
Listing updated:
Listed by:
Michele Schuler,
Real Residential
Source: NWMLS as distributed by MLS GRID,MLS#: 2559421
Facts & features
Interior
Features
Has fireplace: No
Interior area
Total structure area: 0
Property
Features
Has view: Yes
View description: Territorial
Lot
Size: 0.36 Acres
Features: Paved, Lightly Treed, Partially Cleared
Topography: See Remarks
Residential vegetation: See Remarks
Details
Parcel number: 3024059151
Zoning: R-15
Zoning description: Residential,Jurisdiction: City
Special conditions: Standard
Utilities & green energy
Electric: In Street
Gas: In Street
Sewer: In Street
Water: Available, In Street, Jurisdiction: City of Mercer island
Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Community
Features: CCRs
Subdivision: East Mercer
Location
Region: Mercer Island
Financial & listing details
Annual tax amount: $6,141
Date on market: 7/22/2026
Cumulative days on market: 2 days
Listing terms: Conventional
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/23/2026
Price change
$1,600,000-68%
Source: NWMLS as distributed by MLS GRID #2559421Report a problem
7/23/2026
Listed for sale
$4,995,000
Source: NWMLS as distributed by MLS GRID #2559422Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
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.