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  • Listed by: John L. Scott, Inc. • Xia Zhao
    Bought with: Coldwell Banker Bain
    $1,800,000

    7204 78Th Avenue SE, Mercer Island, WA 98040

    4beds
    3,040sqft
    Single Family Residence
    Built in 1958
    0.51 Acres Lot
    $1,993,400 Zestimate®
    $592/sqft
    $5,995 Estimated rent

    Home value

    $1,993,400

    $1.89M - $2.09M

    $5,995/mo

    Zestimate® history
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    What's special

    Exceptional Development Opportunity on Mercer Island. A generous 22,000 sq ft corner lot in one of MI’s most desirable neighborhoods. Site Development permitting is in process. The lot’s regular shape supports optimal design flexibility, allowing future homes to maximize the 40% FAR. Enjoy an unbeatable location just minutes from the lake, parks, shopping, and top-rated schools—all within walking distance. An existing home on the property has been modestly updated. Whether you’re a builder, investor, or homeowner with vision, this is a prime opportunity to capitalize on the scarcity of developable land on MI. Bring your team and start the permitting process.

    Zillow last checked:

    Listing updated:

    Listed by:

    Xia Zhao,

    John L. Scott, Inc.

    Bought with:

    Sarah Ford, 4324

    Coldwell Banker Bain

    Source: NWMLS as distributed by MLS GRID,MLS#: 2520530MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 3
    Bedroom
    • Level: Lower
    Bedroom
    • Level: Main
    Bedroom
    • Level: Main
    Bedroom
    • Level: Main
    Bathroom full
    • Level: Main
    Other
    • Level: Lower
    Bonus room
    • Level: Lower
    Den office
    • Level: Lower
    Dining room
    • Level: Main
    Entry hall
    • Level: Main
    Family room
    • Level: Lower
    Kitchen without eating space
    • Level: Main
    Living room
    • Level: Main
    Utility room
    • Level: Lower
    Heating
    • Fireplace, Forced Air, Electric, Oil, Wood
    Cooling
    • None
    Features
    • Basement: Daylight,Partially Finished
    • Number of fireplaces: 2
    • Fireplace features: Wood Burning, Lower Level: 1, Main Level: 1, Fireplace
    Interior area
    • Total structure area: 3,040
    • Total interior livable area: 3,040 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached Garage
    • Has attached garage: Yes
    • Covered spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Main
    • Patio & porch: Fireplace
    • Has view: Yes
    • View description: Territorial
    Lot
    • Size: 0.51 Acres
    • Features: Corner Lot, Value In Land, Deck, Gas Available
    • Topography: Partial Slope
    • Residential vegetation: Garden Space
    Details
    • Parcel number: 2524049068
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: 1 Story w/Bsmnt.
    • Property subtype: Single Family Residence
    Materials
    • Wood Products
    • Roof: Composition
    Condition
    • Year built: 1958

    Utilities & green energy

    • Sewer: Sewer Connected
    • Water: Public

    Community & HOA

    Community
    • Subdivision: South End
    Location
    • Region: Mercer Island

    Financial & listing details

    • Price per square foot: $592/sqft
    • Tax assessed value: $2,043,000
    • Annual tax amount: $12,852
    • Date on market: 6/24/2026
    • Cumulative days on market: 61 days

    Price history

    DateEventPrice
    8/24/2026Sold$1,800,000-14.2%$592/sqft
    Source: NWMLS as distributed by MLS GRID #2520530 Report a problem
    7/9/2026Pending sale$2,099,000$690/sqft
    Source: NWMLS as distributed by MLS GRID #2520530 Report a problem
    5/8/2026Listed for sale$2,099,000+24.9%$690/sqft
    Source: NWMLS as distributed by MLS GRID #2520530 Report a problem
    5/17/2023Listing removed--
    Source: Zillow Rentals Report a problem
    3/29/2023Price change$2,795-6.7%$1/sqft
    Source: Zillow Rentals Report a problem
    3/13/2023Listed for rent$2,995$1/sqft
    Source: Zillow Rentals Report a problem
    11/4/2021Sold$1,680,000-4%$553/sqft
    Source: NWMLS as distributed by MLS GRID #1605101 Report a problem
    9/26/2021Pending sale$1,750,000$576/sqft
    Source: NWMLS as distributed by MLS GRID #1605101 Report a problem
    9/1/2021Listed for sale$1,750,000$576/sqft
    Source: NWMLS as distributed by MLS GRID #1605101 Report a problem
    5/3/2021Pending sale$1,750,000$576/sqft
    Source: NWMLS as distributed by MLS GRID #1605101 Report a problem
    4/23/2021Listed for sale$1,750,000$576/sqft
    Source: NWMLS as distributed by MLS GRID #1605101 Report a problem
    2/12/2021Pending sale$1,750,000$576/sqft
    Source: NWMLS as distributed by MLS GRID #1605101 Report a problem
    6/1/2020Listed for sale$1,750,000$576/sqft
    Source: Coldwell Banker Bain #1605101 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$13,323 +3.7%$2,043,000 +4.2%
    2024$12,852 -0.6%$1,961,000 +4.5%
    2023$12,933 +0.4%$1,877,000 -10.6%
    2022$12,884 +11.4%$2,099,000 +33.8%
    2021$11,563 +1.8%$1,569,000 +10.6%
    2020$11,359 +21%$1,418,000 +19.5%
    2019$9,387 +7.2%$1,187,000 +2%
    2018$8,756 -4.3%$1,164,000 +10.4%
    2017$9,152 +29%$1,054,000 +9.2%
    2016$7,093 $965,000 +10.3%
    2015$7,093 $875,000 +8%
    2014$7,093 $810,000 +9%
    2013$7,093 $743,000 +8.5%
    2012-- $685,000 -5%
    2011-- $721,000 -4.6%
    2010-- $756,000
    2009-- $756,000 +19.2%
    2007-- $634,000 +7.8%
    2006-- $588,000 +9.7%
    2005-- $536,000 +30.1%
    2001$3,942 +4.8%$412,000 +15.7%
    2000$3,761 $356,000
    Find assessor info on the county website

    Neighborhood: 98040

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,993,400
    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
    $1,993,400