One of Mercer Island's rarest offerings—a prime half-acre waterfront parcel on the sought-after North End with 82+ feet of private shoreline, a U-shaped covered dock with deep-water moorage, and an exceptional opportunity to create a legacy waterfront estate. Behind a gated entry, the property captures sweeping views of the Bellevue skyline and the tranquil waters of Lake Washington, with lush natural surroundings and a covered waterside seating area for relaxing and entertaining by the lake. Conceptual architectural plans are available, providing a valuable starting point while leaving the flexibility to create a home tailored to your own vision. From sunrise paddles to evenings on the water, this is where your vision becomes something extraordinary on one of Lake Washington's most coveted stretches of shoreline—minutes to downtown Bellevue, Seattle, parks, and top-rated schools. Renderings are conceptual only; plans available. Pricing reflects land value only.
Active
Listed by: Wonderland Real Estate • Alice On
$6,200,000
7220 N Mercer Way, Mercer Island, WA 98040
--beds
--baths
0.57Acres
Unimproved Land
Built in ----
0.57 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Lush natural beautyGated entryPrime half-acre property
- --
- on Zillow
- 433
- views
- 6
- saves
Zillow last checked:
Listing updated:
Listed by:
Alice On,
Wonderland Real Estate
Source: NWMLS as distributed by MLS GRID,MLS#: 2449152
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Video & virtual tour
Property
Features
- Has view: Yes
- View description: City, Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake
Lot
- Size: 0.57 Acres
- Features: Secluded
- Topography: Sloped
Details
- Parcel number: 5315100033
- Zoning description: Jurisdiction: County
- Special conditions: Standard
Utilities & green energy
- Electric: In Street
- Gas: In Street
- Sewer: In Street
- Water: Available
- Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Community
- Subdivision: North End
Location
- Region: Mercer Island
Financial & listing details
- Tax assessed value: $6,400,000
- Annual tax amount: $44,242
- Date on market: 11/4/2025
- Listing terms: Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2026 | Price change | $6,200,000-8.8% |
Source:  NWMLS as distributed by MLS GRID #2449152 Report a problem | ||
| 11/4/2025 | Listed for sale | $6,800,000+41.7% |
Source: NWMLS as distributed by MLS GRID #2449152 Report a problem | ||
| 8/21/2019 | Sold | $4,800,000-4% |
Source: NWMLS as distributed by MLS GRID #1469656 Report a problem | ||
| 7/25/2019 | Pending sale | $4,999,000 |
Source: Windermere Real Estate/PSR, Inc. #1469656 Report a problem | ||
| 7/10/2019 | Price change | $4,999,000-3.9% |
Source: Windermere Real Estate/PSR, Inc. #1469656 Report a problem | ||
| 6/11/2019 | Listed for sale | $5,200,000+20.9% |
Source: Windermere Real Estate/PSR, Inc. #1469656 Report a problem | ||
| 4/30/2018 | Sold | $4,300,000-33.8% |
Source: NWMLS as distributed by MLS GRID #1184030 Report a problem | ||
| 2/25/2018 | Pending sale | $6,500,000 |
Source: Windermere Real Estate Midtown #1184030 Report a problem | ||
| 8/29/2017 | Listed for sale | $6,500,000+63.3% |
Source: Windermere Real Estate Midtown #1184030 Report a problem | ||
| 10/22/1999 | Sold | $3,980,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $41,691 -5.8% | $6,400,000 -5.3% |
| 2024 | $44,243 +1.3% | $6,758,000 +6.5% |
| 2023 | $43,685 -6.2% | $6,347,000 -16.4% |
| 2022 | $46,575 +11.4% | $7,596,000 +33.8% |
| 2021 | $41,793 +4.2% | $5,677,000 +13.2% |
| 2020 | $40,114 +1.6% | $5,013,000 +0.2% |
| 2019 | $39,500 -19.7% | $5,002,000 -23.6% |
| 2018 | $49,179 -10.3% | $6,547,000 +3.6% |
| 2017 | $54,804 +27.9% | $6,319,000 +7.5% |
| 2016 | $42,853 | $5,879,000 +10.4% |
| 2015 | $42,853 | $5,324,000 +8.6% |
| 2014 | $42,853 | $4,901,000 +4.3% |
| 2013 | $42,853 | $4,701,000 +8.5% |
| 2012 | -- | $4,334,000 -4.8% |
| 2011 | -- | $4,551,000 -7.2% |
| 2010 | -- | $4,906,000 |
| 2009 | -- | $4,906,000 +9.1% |
| 2007 | -- | $4,495,000 +10.2% |
| 2006 | -- | $4,080,000 +9.8% |
| 2005 | -- | $3,715,000 +38.2% |
| 2001 | $25,684 +26.7% | $2,688,000 +39.9% |
| 2000 | $20,266 | $1,921,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 98040
Nearby schools
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.
- $13,500,0006 bd9 ba6.1k sqft7260 N Mercer Way, Mercer Island, WA 98040Sold
- $3,600,0004 bd3 ba3.5k sqft1848 72nd Ave SE, Mercer Island, WA 98040Sold
- $6,995,0005 bd6 ba5.1k sqft7254 N Mercer Way, Mercer Island, WA 98040New Construction
- $15,000,0005 bd7 ba6.2k sqft1628 72nd Ave SE, Mercer Island, WA 98040Sold
Similar homes
- $7,800,0000.78 acres5722 35th Avenue S, Seattle, WA 98118Active
MLS ID #2573461, Jonah Wilhelm. NWMLS as distributed by MLS GRID - $8,000,0001.12 acres10879 SE Lake Road, Bellevue, WA 98004Active
MLS ID #2419771, Michael Nix. NWMLS as distributed by MLS GRID - $3,400,0000.57 acresAviavista Addition, Kirkland, WA 98034Active
MLS ID #2487849, Arnie Arnevick. NWMLS as distributed by MLS GRID - $3,499,9500.42 acresLake Wa Springhills Div 3, Bellevue, WA 98004Active
MLS ID #2503447, Kimberly Jones. NWMLS as distributed by MLS GRID
