Elevate your lifestyle in the Lakes neighborhood on Mercer Island where beautiful homes border Southend schools & parks. Recently updated chef's kitchen incl custom cabinetry, quartz counters, premium appliances & a huge island-perfect for entertaining & daily meal prep. Plentiful windows fill the space w/light & views of the community lake. Adjoining family room & breakfast nook provide valuable space for household management, while dedicated office & light-filled living & dining rooms offer areas to work & relax. Primary suite upstairs boasts a spacious bath & walk-in closet. 3 additional bedrooms, 1 w/attached bonus room. Easy access to Southend amenities makes this a prized location. Embrace this vibrant community & live in The Lakes.
Sold
Listed by: Windermere Real Estate/East • Christy B Shiers
Bought with: Kelly Right RE of Seattle LLC
$3,080,000
7525 81st Place SE, Mercer Island, WA 98040
4beds
3,221sqft
Single Family Residence
Built in 1986
10,053 Square Feet Lot
$2,946,400 Zestimate®
$956/sqft
$6,751 Estimated rent
Home value
$2,946,400
$2.71M - $3.21M
$6,751/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Christy B Shiers,
Windermere Real Estate/East
Bought with:
Lu Yao, 126889
Kelly Right RE of Seattle LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2362642
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Other
- Level: Main
Den office
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Family room
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Forced Air, Natural Gas
Cooling
- Has cooling: Yes
Appliances
- Included: Dishwasher(s), Disposal, Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s), Garbage Disposal
Features
- Flooring: Ceramic Tile, Hardwood, Carpet
- Windows: Skylight(s)
- Basement: None
- Number of fireplaces: 2
- Fireplace features: Gas, Wood Burning, Main Level: 2, Fireplace
Interior area
- Total structure area: 3,221
- Total interior livable area: 3,221 sqft
Property
Parking
- Total spaces: 3
- Parking features: Attached Garage
- Attached garage spaces: 3
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Ceramic Tile, Fireplace, Skylight(s), Walk-In Pantry
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake
- Frontage length: Waterfront Ft: 81
Lot
- Size: 10,053 Square Feet
- Features: Curbs, Sidewalk, Patio, Sprinkler System
- Topography: Level
- Residential vegetation: Garden Space
Details
- Parcel number: 4141000340
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional,2 Story
- Property subtype: Single Family Residence
Materials
- Stone, Wood Siding
- Foundation: Poured Concrete
Condition
- Year built: 1986
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & HOA
Community
- Features: CCRs
- Subdivision: The Lakes
HOA
- HOA fee: $156 monthly
Location
- Region: Mercer Island
Financial & listing details
- Price per square foot: $956/sqft
- Tax assessed value: $2,716,000
- Annual tax amount: $15,388
- Date on market: 6/27/2025
- Cumulative days on market: 390 days
- Listing terms: Conventional
- Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Price history
| Date | Event | Price |
|---|---|---|
| 5/28/2025 | Sold | $3,080,000+2.7%$956/sqft |
Source:  NWMLS as distributed by MLS GRID #2362642 Report a problem | ||
| 4/24/2025 | Pending sale | $2,998,000$931/sqft |
Source: NWMLS as distributed by MLS GRID #2362642 Report a problem | ||
| 4/23/2025 | Listed for sale | $2,998,000+250.4%$931/sqft |
Source: NWMLS as distributed by MLS GRID #2362642 Report a problem | ||
| 8/25/2003 | Sold | $855,540$266/sqft |
Source: NWMLS as distributed by MLS GRID #23061799 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $17,705 +13.6% | $2,716,000 +14.2% |
| 2024 | $15,581 +1.2% | $2,378,000 +6.4% |
| 2023 | $15,388 +0.3% | $2,234,000 -10.6% |
| 2022 | $15,335 +11.4% | $2,499,000 +33.8% |
| 2021 | $13,764 +4.2% | $1,868,000 +13.2% |
| 2020 | $13,215 +0.7% | $1,650,000 -0.7% |
| 2019 | $13,128 +7.4% | $1,661,000 +2.2% |
| 2018 | $12,225 +5.3% | $1,626,000 +21.5% |
| 2017 | $11,614 +27.7% | $1,338,000 +7.5% |
| 2016 | $9,095 | $1,245,000 +10.4% |
| 2015 | $9,095 | $1,128,000 +8.6% |
| 2014 | $9,095 | $1,039,000 +8% |
| 2013 | $9,095 | $962,000 +8.5% |
| 2012 | -- | $887,000 +1.3% |
| 2011 | -- | $876,000 -4.6% |
| 2010 | -- | $918,000 |
| 2009 | -- | $918,000 -9% |
| 2007 | -- | $1,009,000 +0.1% |
| 2006 | -- | $1,008,000 +9.8% |
| 2005 | -- | $918,000 +28.8% |
| 2001 | $6,817 +5% | $713,000 +15.9% |
| 2000 | $6,492 | $615,000 |
Find assessor info on the county website
Neighborhood: 98040
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Nearby schools
GreatSchools rating
- 9/10Lakeridge Elementary SchoolGrades: K-5Distance: 0.2 mi
- 9/10Islander Middle SchoolGrades: 6-8Distance: 0.2 mi
- 10/10Mercer Island High SchoolGrades: 9-12Distance: 2.6 mi
Schools provided by the listing agent
- Elementary: Lakeridge 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
$2,946,400
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
$2,946,400
- Washington
- King County
- Mercer Island
- 98040
- 7525 81st Place SE
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