Rare opportunity in the highly sought-after Mercer Island community! This 3-bedroom,2.5 bath home offers approximately 1800 square feet of living space on a generous lot in an established neighborhood. Filled with potential, this estate property provides the perfect opportunity for buyers to update, remodel, or customize to their own taste while building equity in one of the Eastside's most desirable locations. Enjoy close proximity to top-rated schools, parks, shopping, dining, and convenient access to I-90. Whether you're a homeowner, investor, or builder, this is unique chance to create something special on Mercer Island. Property sold as-is.
Pending
Listed by: Homes & Equity Real Estate Grp • Vladimir Rovinskiy
Price cut: $150K (7/21)
$1,450,000
8808 SE 54th SE, Mercer Island, WA 98040
3beds
1,800sqft
Single Family Residence
Built in 1968
0.31 Acres Lot
$1,398,200 Zestimate®
$806/sqft
$-- HOA
What's special
Generous lot
- 70 days
- 883
- 56
Zillow last checked:
Listing updated:
Listed by:
Vladimir Rovinskiy,
Homes & Equity Real Estate Grp
Source: NWMLS as distributed by MLS GRID,MLS#: 2543694
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 3
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Other
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Forced Air, Electric, Natural Gas
Cooling
- Forced Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s)
Features
- Flooring: Hardwood, Carpet
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,800
- Total interior livable area: 1,800 sqft
Video & virtual tour
Property
Parking
- Total spaces: 8
- Parking features: Attached Garage
- Has attached garage: Yes
- Covered spaces: 2
- Uncovered spaces: 6
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Fireplace
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.31 Acres
- Topography: Level
- Residential vegetation: Brush, Garden Space
Details
- Parcel number: 6672900010
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary,1 Story
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1968
- Major remodel year: 1968
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Mercer Island
- Water: Public, Company: City of Mercer Island
Community & HOA
Community
- Subdivision: Parkwood Estates
Location
- Region: Mercer Island
Financial & listing details
- Price per square foot: $806/sqft
- Tax assessed value: $1,646,000
- Annual tax amount: $9,409
- Date on market: 6/25/2026
- Cumulative days on market: 71 days
- Listing terms: Conventional
- Inclusions: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Estimated market value
$1,398,200
$1.33M - $1.47M
$4,891/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2026 | Pending sale | $1,450,000$806/sqft |
Source:  NWMLS as distributed by MLS GRID #2543694 Report a problem | ||
| 7/21/2026 | Price change | $1,450,000-9.4%$806/sqft |
Source: NWMLS as distributed by MLS GRID #2543694 Report a problem | ||
| 6/25/2026 | Listed for sale | $1,600,000+301%$889/sqft |
Source: NWMLS as distributed by MLS GRID #2543694 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/11/2018 | Listing removed | $3,200$2/sqft |
Source: Owner Report a problem | ||
| 9/11/2018 | Price change | $3,200+0.6%$2/sqft |
Source: Owner Report a problem | ||
| 8/30/2018 | Price change | $3,180-5.1%$2/sqft |
Source: Owner Report a problem | ||
| 8/6/2018 | Listed for rent | $3,350$2/sqft |
Source: Owner Report a problem | ||
| 6/27/2000 | Sold | $399,000$222/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,738 +14.1% | $1,646,000 +14.7% |
| 2024 | $9,410 -0.7% | $1,435,000 +4.4% |
| 2023 | $9,472 +0.3% | $1,374,000 -10.6% |
| 2022 | $9,439 +11.4% | $1,537,000 +33.8% |
| 2021 | $8,473 -0.3% | $1,149,000 +8.4% |
| 2020 | $8,496 +7.7% | $1,060,000 +6.3% |
| 2019 | $7,887 +7.4% | $997,000 +2.2% |
| 2018 | $7,344 -4% | $976,000 +10.8% |
| 2017 | $7,652 +31.9% | $881,000 +11.1% |
| 2016 | $5,799 | $793,000 +10.3% |
| 2015 | $5,799 | $719,000 +8.6% |
| 2014 | $5,799 | $662,000 +9.6% |
| 2013 | $5,799 | $604,000 +8.4% |
| 2012 | -- | $557,000 +1.3% |
| 2011 | -- | $550,000 -7.4% |
| 2010 | -- | $594,000 |
| 2009 | -- | $594,000 +10.2% |
| 2007 | -- | $539,000 +7.8% |
| 2006 | -- | $500,000 +2.9% |
| 2005 | -- | $486,000 +10.5% |
| 2001 | $4,209 -0.1% | $440,000 +10.3% |
| 2000 | $4,214 | $399,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98040
Nearby schools
Schools provided by the listing agent
- Elementary: Island Park 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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