7331 W Mercer Way, Mercer Island, WA 98040

Listing provided courtesy of Coldwell Banker Bain. Bought with Coldwell Banker Bain.

Off market aug 2007 for $1.7M

$3,559,724

Est. refi paymentEst. refi $11,044/mo

•

2.5 ba

•

4,420

sq ft

7331 W Mercer Way, Mercer Island, WA 98040

About this home

ONE OF A KIND! Stately entry w/western lake view. Light & bright w/wide open spaces, yet a feeling of privacy. Shared waterfront. Dock w/boat lift. Indoor lap pool. Large commercial style kitchen. Master BR on main floor. French doors lead to covered scenic deck for entertaining. 2 wet bars. Ethernet between study and downstairs office station. Dehumidifier in pool room. Air conditioning on main floor. Lots of parking on property. Short walk to schools.

Single-familyProperty Type

1986Year Built

0.26 acresLot Size

$805Est. Price/Sq.Ft.

3 car garageParking

Listed by • Coldwell Banker Bain

Bought with • Coldwell Banker Bain

Source:NWMLS as Distributed by MLS Grid #23033867

Redfin Estimate

$3,559,724

$1.8M since sold in August 2007$58K since September

Recently sold homes
Estimate history

This home's estimate is 20.7% lower than the average sale price ($4.49M) of 6 comparable homes.

SOLD JUL 16, 2026
$2,650,000
A
4 beds2.5 baths3,390 sq ft
7670 80th Pl SE, Mercer Island, WA 98040
SOLD MAY 27, 2026
$2,700,000
B
4 beds2.5 baths3,920 sq ft
7830 80th Pl SE, Mercer Island, WA 98040
SOLD SEP 4, 2026
$8,550,000
C
4 beds3 baths4,480 sq ft
49 Holly Hill Dr, Mercer Island, WA 98040
SOLD SEP 4, 2026
$2,300,000
D
6 beds3.5 baths4,400 sq ft
7416 Mercer Terrace Dr, Mercer Island, WA 98040
SOLD SEP 23, 2026
$2,918,000
E
5 beds3 baths3,464 sq ft
8636 SE 75th Pl, Mercer Island, WA 98040
SOLD MAY 7, 2026
$7,800,000
F
4 beds3.5 baths5,050 sq ft
16 Meadow Ln, Mercer Island, WA 98040

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Earn from this home

Sell

$2,605,566

Est. take-home

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Refinance

Est. cash available

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Rent

$8,005/mo

Redfin rental estimate

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Market trends in 98040, WA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.3%

+0.5% MoM

Median sale price

$2.3M

$136K MoM

Avg. days on market

2 days MoM

Recently sold homes

11 MoM

New listings for sale

3D WALKTHROUGH
$2,598,000
4 beds3 baths3,700 sq ft
7070 94th Ave SE, Mercer Island, WA 98040
Robyn Kimura Hsu • Realogics Sotheby's Int'l Rlty
$2,200,000
6 beds2.5 baths3,420 sq ft
9100 SE 72nd Pl, Mercer Island, WA 98040
John Blacksmith • Lake & Company
$3,175,000
6 beds4 baths4,870 sq ft
8430 SE 53rd Pl, Mercer Island, WA 98040
Greg Rosenwald • COMPASS
OPEN WED, 11AM TO 1PM
$1,698,000
3 beds2.5 baths2,570 sq ft
9210 Parkwood Ridge Rd, Mercer Island, WA 98040
Allison Trull • Coldwell Banker Bain
3D WALKTHROUGH
$399,000
1 bed1 bath691 sq ft
2760 76th Ave SE #402, Mercer Island, WA 98040
Chad Dierickx • Windermere West Metro
$280,000
Studio1 bath455 sq ft
2939 76th Ave SE Unit 41B, Mercer Island, WA 98040
Kim Florence • John L. Scott, Inc.
VIDEO TOUR
$21,900,000
6 beds7.5 baths7,864 sq ft
5904 SE 20th St, Mercer Island, WA 98040
Jennifer Rogers • Coldwell Banker Bain
$3,225,000
4 beds3.5 baths4,380 sq ft
7560 86th Ave SE, Mercer Island, WA 98040
Lori Scott • John L. Scott, Inc.
OPEN SAT, 12PM TO 3PM
$4,098,000
4 beds4 baths4,120 sq ft
8270 SE 31st St, Mercer Island, WA 98040
Michele Schuler • Real Residential
$880,000
3 beds2 baths1,375 sq ft
3206 80th Ave SE #3, Mercer Island, WA 98040
Ashima Diwakar • Realogics Sotheby's Int'l Rlty
See all

Provided by Redfin

Sale history for 7331 W Mercer Way

Year

Property tax

Land + Additions

Assessment*

2026

$22,185 (+10.0%)

$1,545,000 + $1,859,000

$3,404,000

2025

$20,168 (+1.3%)

$1,545,000 + $1,859,000

$3,404,000

2024

$19,915 (+0.3%)

$1,405,000 + $1,674,000

$3,079,000

2023

$19,846 (+11.4%)

$1,326,000 + $1,566,000

$2,892,000

2022

$17,811 (+4.2%)

$1,492,000 + $1,743,000

$3,235,000

2021

$17,094 (−5.4%)

$1,228,000 + $1,190,000

$2,418,000

2020

$18,077 (+7.4%)

$1,170,000 + $965,000

$2,135,000

2019

$16,836 (−4.0%)

$1,010,000 + $1,230,000

$2,240,000

2018

$17,536 (+18.4%)

$1,010,000 + $1,230,000

$2,240,000

2017

$14,807 (+7.5%)

$914,000 + $1,107,000

$2,021,000

2016

$13,778 (+3.8%)

$836,000 + $983,000

$1,819,000

2015

$13,272 (+7.4%)

$757,000 + $891,000

$1,648,000

2014

$12,353 (+4.9%)

$700,000 + $817,000

$1,517,000

2013

$11,781 (+5.4%)

$750,000 + $602,000

$1,352,000

2012

$11,173 (+0.9%)

$692,000 + $555,000

$1,247,000

2011

$11,071 (+6.7%)

$763,000 + $527,000

$1,290,000

2010

$10,377 (−8.5%)

$786,000 + $542,000

$1,328,000

2009

$11,340

$975,000 + $670,000

$1,645,000

Tax history for 7331 W Mercer Way

Year

Property tax

Land + Additions

Assessment*

2026

$22,185 (+10.0%)

$1,545,000 + $1,859,000

$3,404,000

2025

$20,168 (+1.3%)

$1,545,000 + $1,859,000

$3,404,000

2024

$19,915 (+0.3%)

$1,405,000 + $1,674,000

$3,079,000

2023

$19,846 (+11.4%)

$1,326,000 + $1,566,000

$2,892,000

2022

$17,811 (+4.2%)

$1,492,000 + $1,743,000

$3,235,000

2021

$17,094 (−5.4%)

$1,228,000 + $1,190,000

$2,418,000

2020

$18,077 (+7.4%)

$1,170,000 + $965,000

$2,135,000

2019

$16,836 (−4.0%)

$1,010,000 + $1,230,000

$2,240,000

2018

$17,536 (+18.4%)

$1,010,000 + $1,230,000

$2,240,000

2017

$14,807 (+7.5%)

$914,000 + $1,107,000

$2,021,000

2016

$13,778 (+3.8%)

$836,000 + $983,000

$1,819,000

2015

$13,272 (+7.4%)

$757,000 + $891,000

$1,648,000

2014

$12,353 (+4.9%)

$700,000 + $817,000

$1,517,000

2013

$11,781 (+5.4%)

$750,000 + $602,000

$1,352,000

2012

$11,173 (+0.9%)

$692,000 + $555,000

$1,247,000

2011

$11,071 (+6.7%)

$763,000 + $527,000

$1,290,000

2010

$10,377 (−8.5%)

$786,000 + $542,000

$1,328,000

2009

$11,340

$975,000 + $670,000

$1,645,000

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

Zoning

R-15

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: 1,660
Basement Finish: Finished

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

Heating & Cooling
Heating Fuel Type: Gas
Heating Type: Heat Pump

Fireplace Information
# of Fireplaces: 2
Has Fireplace

Exterior

Exterior Information
Physical Condition: Very Good
Building Construction Quality: Excellent
Building Type: Single Family

Pool Information
Has Pool

View Information
View: Lake

Property Information
Subdivision Name: VILLA MARBELLA
Living Sq. Ft: 4,420
Ground Floor Sq. Ft: 2,760
Building Sq. Ft: 4,420
# of Stories: 1
Legal Description: VILLA MARBELLA TGW UND INT IN TRACTS A,B&C PLAT BLOCK: PLAT LOT: 4

Parking & Garage Information
Parking Type: Basement Garage
Garage/Parking Sq. Ft: 840
Garage / Carport Type: Basement

Lot Information
# of Buildings: 1
Land Sq. Ft: 11,311
Legal Lot Number: 4
School Tax District: MERCER ISLAND #400
Municipality Name: MERCER ISLAND
Acres: 0.2597
Zoning Code: R15
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: 2.5
Sq. Ft.: 4,420
Stories: 1.0
Lot Size: 0.26 acres
Style: Single Family Residential
Year Built: 1986
Year Renovated: —
County: King County
APN: 894422 0040

Home facts updated by county records on Sep 4, 2026

Around this home

Schools

Lakeridge Elementary School

Public K-5 • Assigned • 0.7mi

9/10

Islander Middle School

Public 6-8 • Assigned • 0.6mi

9/10

Mercer Island High School

Public 9-12 • Assigned • 2.7mi

10/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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, 11 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

$3.38M – $4.09M

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New listings for sale in 98040

3D WALKTHROUGH

$2,598,000

4 beds3 baths3,700 sq ft

7070 94th Ave SE, Mercer Island, WA 98040

Robyn Kimura Hsu • Realogics Sotheby's Int'l Rlty

$2,200,000

6 beds2.5 baths3,420 sq ft

9100 SE 72nd Pl, Mercer Island, WA 98040

John Blacksmith • Lake & Company

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6 beds4 baths4,870 sq ft

8430 SE 53rd Pl, Mercer Island, WA 98040

Greg Rosenwald • COMPASS

OPEN WED, 11AM TO 1PM

$1,698,000

3 beds2.5 baths2,570 sq ft

9210 Parkwood Ridge Rd, Mercer Island, WA 98040

Allison Trull • Coldwell Banker Bain

3D WALKTHROUGH

$399,000

1 bed1 bath691 sq ft

2760 76th Ave SE #402, Mercer Island, WA 98040

Chad Dierickx • Windermere West Metro

$280,000

Studio1 bath455 sq ft

2939 76th Ave SE Unit 41B, Mercer Island, WA 98040

Kim Florence • John L. Scott, Inc.

VIDEO TOUR

$21,900,000

6 beds7.5 baths7,864 sq ft

5904 SE 20th St, Mercer Island, WA 98040

Jennifer Rogers • Coldwell Banker Bain

$3,225,000

4 beds3.5 baths4,380 sq ft

7560 86th Ave SE, Mercer Island, WA 98040

Lori Scott • John L. Scott, Inc.

OPEN SAT, 12PM TO 3PM3D WALKTHROUGH

$4,098,000

4 beds4 baths4,120 sq ft

8270 SE 31st St, Mercer Island, WA 98040

Michele Schuler • Real Residential

Home values near 7331 W Mercer Way

Data from public records.

Address	Redfin Estimate
7429 West Mercer Way, Mercer Island, WA 4 Beds \| 2 Baths \| 2640 Sq. Ft.	$2,871,484
7443 West Mercer Way, Mercer Island, WA 5 Beds \| 4.5 Baths \| 6092 Sq. Ft.	$4,834,357

Address	Redfin Estimate
7421 West Mercer Way, Mercer Island, WA 3 Beds \| 3.5 Baths \| 3720 Sq. Ft.	$3,343,140
7361 West Mercer Way, Mercer Island, WA 5 Beds \| 3.5 Baths \| 4435 Sq. Ft.	$3,371,196

Address	Redfin Estimate
7425 West Mercer Way, Mercer Island, WA 4 Beds \| 3.5 Baths \| 3880 Sq. Ft.	$2,615,161
7423 West Mercer Way, Mercer Island, WA 4 Beds \| 5 Baths \| 5530 Sq. Ft.	$4,612,926

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 98040, WA

Sale history for 7331 W Mercer Way

Tax history for 7331 W Mercer Way

Zoning

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 98040

Home values near 7331 W Mercer Way

More real estate resources