Google satellite image for 7204 N Mercer Way, Mercer Island, WA 98040

Off market aug 1984 for $635K

$8,271,154

Est. refi paymentEst. refi $3,296/mo

•

4.5 ba

•

5,700

sq ft

7204 N Mercer Way, Mercer Island, WA 98040

About this home

7204 N Mercer Way is a 5,700 square foot house on a 0.36 acre lot with 4 bedrooms and 4.5 bathrooms. - it last sold on August 16, 1984 for $635,000. Based on Redfin's Mercer Island data, we estimate the home's value is $8,271,154.

Single-familyProperty Type

1959Year Built

0.36 acresLot Size

$1,451Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$8,271,154

$7.6M since sold in August 1984$124K since October

Recently sold homes
Estimate history

This home's estimate is 119.4% higher than the average sale price ($3.77M) of 6 comparable homes.

SOLD OCT 27, 2026
$3,360,000
A
4 beds4.5 baths4,114 sq ft
4429 Forest Ave SE, Mercer Island, WA 98040
Listing provided by nwmls
SOLD APR 22, 2026
$8,850,000
B
4 beds4.5 baths5,040 sq ft
3639 W Mercer Way, Mercer Island, WA 98040
Listing provided by nwmls
BOUGHT WITH REDFIN OCT 1, 2026
$2,800,000
C
3 beds3 baths3,240 sq ft
2003 82nd Ave SE, Mercer Island, WA 98040
Listing provided by nwmls
SOLD AUG 17, 2026
$3,350,000
D
5 beds4 baths4,210 sq ft
10527 SE 27th St, Beaux Arts, WA 98004
Listing provided by nwmls
SOLD SEP 24, 2026
$2,675,000
E
5 beds4 baths4,477 sq ft
3645 92nd Ave SE, Mercer Island, WA 98040
Listing provided by nwmls
SOLD OCT 9, 2026
$1,585,000
F
4 beds3 baths2,220 sq ft
4215 Island Crest Way, Mercer Island, WA 98040
Listing provided by nwmls

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Earn from this home

Sell

$7,679,600

Est. take-home

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Refinance

Est. cash available

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Rent

$8,937/mo

Redfin rental estimate

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Market trends in 98040, WA

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

98.4%

0.9% MoM

Median sale price

$2.3M

$8K MoM

Avg. days on market

11d

4 days MoM

Recently sold homes

0 MoM

New listings for sale

$3,320,000
5 beds5.5 baths5,100 sq ft
2227 77th Ave SE, Mercer Island, WA 98040
Grace Yu • The Agency Seattle/Eastside
$1,499,000
3 beds2 baths1,430 sq ft
4076 W Mercer Way, Mercer Island, WA 98040
Catherine Lord • Windermere R.E. Northeast, Inc
3D WALKTHROUGH
$536,749
2 beds2 baths1,287 sq ft
7600 SE 29th St #311, Mercer Island, WA 98040
Melanie Ghadamy • Real Broker LLC
3D & VIDEO TOUR
$11,250,000
7 beds7 baths8,680 sq ft
7445 SE 71st St, Mercer Island, WA 98040
Michael Nix • Keller Williams Rlty Bellevue
$450,000
2 beds1 bath965 sq ft
2500 81st Ave SE #112, Mercer Island, WA 98040
Thuy Nguyen • Keller Williams Eastside
$1,695,000
4 beds2.5 baths2,150 sq ft
6901 94th Ave SE, Mercer Island, WA 98040
Greg Rosenwald • COMPASS
3D WALKTHROUGH
$6,498,000
5 beds5 baths5,560 sq ft
9625 SE 71st St, Mercer Island, WA 98040
Kim Florence • John L. Scott, Inc.
$2,595,999
4 beds3 baths2,280 sq ft
1837 72nd Ave SE, Mercer Island, WA 98040
Travis Darby • COMPASS
See all

Provided by Redfin

Sale history for 7204 N Mercer Way

Year

Property tax

Land + Additions

Assessment*

2026

$59,173 (+3.7%)

$6,543,000 + $2,542,000

$9,085,000

2025

$57,075 (+1.3%)

$6,543,000 + $2,542,000

$9,085,000

2024

$56,351 (−6.2%)

$5,949,000 + $2,770,000

$8,719,000

2023

$60,077 (+11.4%)

$5,613,000 + $2,575,000

$8,188,000

2022

$53,912 (+4.2%)

$6,314,000 + $3,485,000

$9,799,000

2021

$51,744 (−1.2%)

$5,197,000 + $2,127,000

$7,324,000

2020

$52,374 (+7.4%)

$4,950,000 + $1,517,000

$6,467,000

2019

$48,766 (−10.3%)

$4,623,000 + $1,869,000

$6,492,000

2018

$54,344 (+14.6%)

$4,623,000 + $1,869,000

$6,492,000

2017

$47,431 (+7.5%)

$4,446,000 + $1,820,000

$6,266,000

2016

$44,115 (+3.8%)

$4,064,000 + $1,766,000

$5,830,000

2015

$42,503 (−0.1%)

$3,678,000 + $1,602,000

$5,280,000

2014

$42,553 (+4.9%)

$3,400,000 + $1,461,000

$4,861,000

2013

$40,567 (−0.9%)

$3,276,000 + $1,383,000

$4,659,000

2012

$40,920 (+1.0%)

$3,020,000 + $1,276,000

$4,296,000

2011

$40,519 (+6.7%)

$3,326,000 + $1,399,000

$4,725,000

2010

$37,966 (−0.5%)

$3,424,000 + $1,439,000

$4,863,000

2009

$38,175

$3,900,000 + $1,642,000

$5,542,000

Tax history for 7204 N Mercer Way

Year

Property tax

Land + Additions

Assessment*

2026

$59,173 (+3.7%)

$6,543,000 + $2,542,000

$9,085,000

2025

$57,075 (+1.3%)

$6,543,000 + $2,542,000

$9,085,000

2024

$56,351 (−6.2%)

$5,949,000 + $2,770,000

$8,719,000

2023

$60,077 (+11.4%)

$5,613,000 + $2,575,000

$8,188,000

2022

$53,912 (+4.2%)

$6,314,000 + $3,485,000

$9,799,000

2021

$51,744 (−1.2%)

$5,197,000 + $2,127,000

$7,324,000

2020

$52,374 (+7.4%)

$4,950,000 + $1,517,000

$6,467,000

2019

$48,766 (−10.3%)

$4,623,000 + $1,869,000

$6,492,000

2018

$54,344 (+14.6%)

$4,623,000 + $1,869,000

$6,492,000

2017

$47,431 (+7.5%)

$4,446,000 + $1,820,000

$6,266,000

2016

$44,115 (+3.8%)

$4,064,000 + $1,766,000

$5,830,000

2015

$42,503 (−0.1%)

$3,678,000 + $1,602,000

$5,280,000

2014

$42,553 (+4.9%)

$3,400,000 + $1,461,000

$4,861,000

2013

$40,567 (−0.9%)

$3,276,000 + $1,383,000

$4,659,000

2012

$40,920 (+1.0%)

$3,020,000 + $1,276,000

$4,296,000

2011

$40,519 (+6.7%)

$3,326,000 + $1,399,000

$4,725,000

2010

$37,966 (−0.5%)

$3,424,000 + $1,439,000

$4,863,000

2009

$38,175

$3,900,000 + $1,642,000

$5,542,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning

R-12

Single-Family Residential District

The purpose of the residential chapter is to identify land uses and to establish development standards that are appropriate within the residential zoning designations. The development standards provide a framework for a site to be developed consistent with the policy direction of the adopted Mercer Island Comprehensive Plan.

Zone overlays

SHORELINE

Permitted uses

Include but are not limited to:

Religious facility
Housing-Single unit
Educational/school
Recreation
Park & open space

Property details

Interior

Basement Information
Basement Sq. Ft: 2,300
Basement Finish: Finished
Basement Type: Daylight

Bathroom Information
# of Full Baths: 2
# of 1/2 Baths: 1
# of 3/4 Baths: 2

Heating & Cooling
Heating Fuel Type: Gas
Heating Type: Forced Air

Fireplace Information
# of Fireplaces: 3
Has Fireplace

Exterior

Exterior Information
Physical Condition: Average
Building Construction Quality: Luxury
Building Type: Single Family

View Information
View: City

Property Information
Subdivision Name: MC GILVRAS ISLAND ADD
Living Sq. Ft: 5,700
Ground Floor Sq. Ft: 2,370
Building Sq. Ft: 6,280
# of Stories: 2
Legal Description: MC GILVRAS ISLAND ADD BEG AT PT 5 FT NWLY & 64.15 FT NELY OF MOST SLY COR OF 3 TH SWLY 64.15 FT TH NWLY 15 FT TH N 48 DEG 48 MIN 00 SEC E TO SH OF LAKE TH SLY ALG SH TO PT 15 FT NWLY OF SELY LN OF LOT 4 EXTD TH SWLY TO PT S 41 DEG 12 MIN 00 SEC E OF BEG TH N 41 DEG 12 MIN 00 SEC W TO BEG PLAT BLOCK: 1 PLAT LOT: 3-4

Parking & Garage Information
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 1,140
Garage / Carport Type: Attached

Lot Information
# of Buildings: 1
Land Sq. Ft: 15,818
Legal Lot Number: 4
Legal Block Number: 1
School Tax District: MERCER ISLAND #400
Municipality Name: MERCER ISLAND
Acres: 0.3631
Zoning Code: R12
County Use Description: SINGLE FAMILY(RES USE/ZONE)

Utility Information
Sewer Type: Public
Water Service Type: Public

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 4
Baths: 4.5
Sq. Ft.: 5,700
Stories: 2.0
Lot Size: 0.36 acres
Style: Single Family Residential
Year Built: 1959
Year Renovated: 1990
County: King County
APN: 531510 0020

Home facts updated by county records on Sep 5, 2026

Around this home

Schools

K - 12
Preschool & daycare

Northwood Elementary School

Public PreK-5 • Assigned • 1.7mi

9/10

Islander Middle School

Public 6-8 • Assigned • 4.0mi

9/10

Mercer Island High School

Public 9-12 • Assigned • 1.9mi

10/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

Mercer Island sits in the middle of Lake Washington, minutes from both Seattle and Bellevue via I-90 and the new 2 Line station. It's known for its Lake Washington waterfront estates, a median price around $2.5M, thin inventory, and 77-acre Luther...
2 weeks ago • Mercer Island
Chase Costello
Redfin Premier agent
686 deals
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Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 87° expected this year, 15 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

7/10 Air Factor

10 unhealthy days expected this year, 12 days in 30 years

Provided by First Street

Historical weather

Mercer Island, WA • 98040

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.8 hours in June and 1.7 hours in December, placing it below the U.S. average for solar exposure.

8.8 hrs

1.7 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$7.86M – $9.51M

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Nearby similar homes

$3,320,000

5 beds5.5 baths5,100 sq ft

2227 77th Ave SE, Mercer Island, WA 98040

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