Rare opportunity to create your own waterfront oasis on the coveted South End of Mercer Island. 55 feet of lakefront and an existing private dock and exceptional views of Lake Washington and Mt. Rainier. 10,300 sq. ft. mostly level lot. The cute, 2 bedroom 1940's cottage is 1,260 sq. ft. needs work but with a new roof and some updates and maybe an addition would make a nice home! If you are looking to build a new house the lot provides an excellent opportunity in an area of very expensive homes. Bring your architect or builder and explore the many options. Enjoy the great view from the dock or from the large deck. Award winning Mercer Island schools and close to South End amenities. Contact your agent to view the property.
Sold
Listed by: John L. Scott, Inc. • Tim Conway
Bought with: John L. Scott, Inc.
$5,152,500
8431 85th Avenue SE, Mercer Island, WA 98040
2beds
1,260sqft
Single Family Residence
Built in 1944
10,301 Square Feet Lot
$4,021,200 Zestimate®
$4,089/sqft
$3,269 Estimated rent
Home value
$4,021,200
$3.34M - $4.83M
$3,269/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Tim Conway,
John L. Scott, Inc.
Bought with:
Lori Holden Scott, 24368
John L. Scott, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2262442
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Great room
- Level: Main
Kitchen without eating space
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Baseboard, Electric
Cooling
- Forced Air
Features
- Flooring: Concrete
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,260
- Total interior livable area: 1,260 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached Carport
- Carport spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Concrete, Fireplace
- Has view: Yes
- View description: City, Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Bank-Low, Bulkhead, Lake, No Bank
- Frontage length: Waterfront Ft: 55
Lot
- Size: 10,301 Square Feet
- Features: Dead End Street, Paved, Deck, Dock, Gas Available, High Speed Internet, Moorage
- Topography: Partial Slope
Details
- Parcel number: 0736100170
- Zoning description: R8.4,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Flat
Condition
- Fair
- Year built: 1944
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Sewer Connected, Company: City of Mercer Island
- Water: Public, Company: City of Mercer Island
- Utilities for property: Xfinity
Community & HOA
Community
- Subdivision: South End
Location
- Region: Mercer Island
Financial & listing details
- Price per square foot: $4,089/sqft
- Tax assessed value: $3,607,000
- Annual tax amount: $19,455
- Date on market: 9/4/2024
- Cumulative days on market: 569 days
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/9/2024 | Sold | $5,152,500+4.1%$4,089/sqft |
Source:  NWMLS as distributed by MLS GRID #2262442 Report a problem | ||
| 7/20/2024 | Pending sale | $4,950,000$3,929/sqft |
Source: NWMLS as distributed by MLS GRID #2262442 Report a problem | ||
| 7/16/2024 | Listed for sale | $4,950,000+78.1%$3,929/sqft |
Source: NWMLS as distributed by MLS GRID #2262442 Report a problem | ||
| 12/1/2019 | Listing removed | $2,779,000$2,206/sqft |
Source: John L Scott Real Estate #1499587 Report a problem | ||
| 11/5/2019 | Listed for sale | $2,779,000$2,206/sqft |
Source: John L Scott Real Estate #1499587 Report a problem | ||
| 10/17/2019 | Pending sale | $2,779,000$2,206/sqft |
Source: John L Scott Real Estate #1499587 Report a problem | ||
| 8/3/2019 | Listed for sale | $2,779,000+473.6%$2,206/sqft |
Source: John L Scott Real Estate #1499587 Report a problem | ||
| 4/24/1995 | Sold | $484,500$385/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $23,506 +19.2% | $3,607,000 +19.8% |
| 2024 | $19,723 +1.3% | $3,011,000 +6.5% |
| 2023 | $19,475 +0.4% | $2,828,000 -10.6% |
| 2022 | $19,405 +11.4% | $3,163,000 +33.8% |
| 2021 | $17,413 +4.2% | $2,364,000 +13.2% |
| 2020 | $16,718 +6.7% | $2,088,000 +5.3% |
| 2019 | $15,670 +2.3% | $1,983,000 -2.7% |
| 2018 | $15,312 -10.2% | $2,037,000 +3.6% |
| 2017 | $17,060 +32.1% | $1,966,000 +11.1% |
| 2016 | $12,915 | $1,770,000 +10.4% |
| 2015 | $12,915 | $1,603,000 +8.6% |
| 2014 | $12,915 | $1,476,000 +15.6% |
| 2013 | $12,915 | $1,277,000 +8.4% |
| 2012 | -- | $1,178,000 -4.7% |
| 2011 | -- | $1,236,000 -7.3% |
| 2010 | -- | $1,333,000 |
| 2009 | -- | $1,333,000 +42.7% |
| 2007 | -- | $934,000 +8.2% |
| 2006 | -- | $863,000 +9.8% |
| 2005 | -- | $786,000 -1.6% |
| 2001 | $7,638 +8.7% | $799,000 +20% |
| 2000 | $7,030 | $666,000 |
Find assessor info on the county website
Neighborhood: 98040
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Nearby schools
GreatSchools rating
- 9/10Lakeridge Elementary SchoolGrades: K-5Distance: 0.5 mi
- 9/10Islander Middle SchoolGrades: 6-8Distance: 0.9 mi
- 10/10Mercer Island High SchoolGrades: 9-12Distance: 3.3 mi
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.
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Estimated market value
$4,021,200
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Estimated market value
$4,021,200
- Washington
- King County
- Mercer Island
- 98040
- 8431 85th Avenue SE
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