SOLD SEP 15, 2026

Listed by Trish Coy • Windermere Mercer Island. Bought with Real Broker LLC.

Sold on sep 2026

$1,865,000

•

3,234

sq ft

5021 E Mercer Way, Mercer Island, WA 98040

Track this home’s value and nearby sales activity

About this home

This one-of-a-kind residence is a masterpiece of craftsmanship, thoughtfully designed to blend seamlessly with its natural surroundings while creating a sense of timeless beauty and tranquility. Rich textures and natural woods bring warmth, character, and architectural interest throughout, evoking the feeling of a luxurious treehouse. The home enjoys a private, serene setting with captivating views stretching toward the lake while offering ever-changing natural light and framing of picturesque views of trees, sky, and water. Handsome birch floors guide you through the airy main level where soaring ceilings and thoughtfully designed spaces create an atmosphere that is both grand and welcoming. The sleek and sophisticated kitchen is designed for gathering, offering generous workspace, beautiful finishes, cozy nook and a seamless connection to the living and dining areas. Upstairs, the primary suite serves as a peaceful retreat, complete with a loft and adjoining sunroom that provide exceptional flexibility for working from home, reading, fitness, yoga, or enjoying a quiet moment. Multiple view decks extend the living spaces outdoors, offering countless opportunities to entertain and relax. Lovingly maintained and beautifully cared for, this extraordinary home offers a RARE combination of artistry, privacy, comfort, and connection to nature and the lake. The lower level entry and floorplan is fantastic for multigenerational living. Pre-inspected for you!

Single-familyProperty Type

1977Year Built

0.38 acresLot Size

$577Price/Sq.Ft.

$25/moHOA Dues

4 spacesParking

Listed by Trish Coy • Windermere Mercer Island

Listed by Rachel Mehmedagic • Windermere Mercer Island

Bought with Esther Sainbayar • Real Broker LLC

Redfin checked: 2 minutes ago

•Source:NWMLS as Distributed by MLS Grid #2536763

Redfin Estimate

$1,983,656

$119K since sold in September 2026$27K since September

Recently sold homes
Estimate history

This home's estimate is 18.7% lower than the average sale price ($2.44M) of 5 comparable homes.

SOLD JUN 9, 2026
$2,825,000
A
4 beds3 baths4,100 sq ft
6749 82nd Ave SE, Mercer Island, WA 98040
Listing provided by nwmls
SOLD SEP 24, 2026
$2,075,000
B
4 beds3 baths3,180 sq ft
4859 86th Ave SE, Mercer Island, WA 98040
Listing provided by nwmls
SOLD NOV 20, 2025
$2,660,000
C
4 beds3.5 baths3,230 sq ft
5222 W Mercer Way, Mercer Island, WA 98040
Listing provided by nwmls
BOUGHT WITH REDFIN JUN 12, 2026
$2,265,000
D
4 beds3.5 baths2,967 sq ft
6155 93 Ave SE, Mercer Island, WA 98040
Listing provided by nwmls
SOLD MAR 20, 2026
$2,370,000
E
4 beds3.5 baths2,570 sq ft
6010 93rd Ave SE, Mercer Island, WA 98040
Listing provided by nwmls

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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

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

OPEN WED, 11AM TO 1PM
$3,500,000
3 beds3 baths2,278 sq ft
7731 SE 58th St, Mercer Island, WA 98040
Allen Hovsepian • Windermere Mercer Island
EARLY ACCESS
$13,135,000
5 beds6 baths6,350 sq ft
Mercer Island, WA 98040
OPEN WED, 11AM TO 1PM
$2,499,000
4 beds4.5 baths4,114 sq ft
4429 Forest Ave SE, Mercer Island, WA 98040
Rachel Schindler • Realogics Sotheby's Int'l Rlty
$2,999,999
5 beds3 baths3,775 sq ft
8205 SE 71st St, Mercer Island, WA 98040
Donya Karimi • Skyline Properties, Inc.
OPEN WED, 11AM TO 1PM
$1,995,000
3 beds2.5 baths2,830 sq ft
9095 SE 79th St, Mercer Island, WA 98040
Wendy Klinker • Windermere Real Estate/East
3D WALKTHROUGH
$2,700,000
4 beds3 baths3,800 sq ft
6720 W Mercer Way, Mercer Island, WA 98040
Erin Ewing • Windermere Mercer Island
COMING SOON
$1,399,000
3 beds2 baths1,540 sq ft
8227 SE 35th St, Mercer Island, WA 98040
Katie Penny Shea • Coldwell Banker Bain
$2,648,000
4 beds4.5 baths3,598 sq ft
7803 89th Pl SE, Mercer Island, WA 98040
Katie Penny Shea • Coldwell Banker Bain
$1,999,000
4 beds3 baths2,888 sq ft
4336 E Mercer Way, Mercer Island, WA 98040
Mark Oordt • Windermere Mercer Island
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
See all

Provided by Redfin

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Rental estimate

Est. $6,841 per month, based on comparable rentals

Sale and tax history for 5021 E Mercer Way

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2026

$13,766 (+6.0%)

$1,339,000 + $772,000

$2,111,000

2025

$12,989 (+1.2%)

$1,339,000 + $772,000

$2,111,000

2024

$12,829 (+13.1%)

$1,145,000 + $837,000

$1,982,000

2023

$11,339 (+11.4%)

$1,081,000 + $781,000

$1,862,000

2022

$10,180 (+4.1%)

$1,216,000 + $631,000

$1,847,000

2021

$9,776 (+2.0%)

$1,001,000 + $380,000

$1,381,000

2020

$9,584 (+7.3%)

$954,000 + $266,000

$1,220,000

2019

$8,929 (−4.0%)

$843,000 + $344,000

$1,187,000

2018

$9,299 (+18.4%)

$843,000 + $344,000

$1,187,000

2017

$7,853 (+7.5%)

$763,000 + $308,000

$1,071,000

2016

$7,304 (+3.8%)

$698,000 + $266,000

$964,000

2015

$7,040 (−2.4%)

$632,000 + $241,000

$873,000

2014

$7,212 (+4.8%)

$585,000 + $219,000

$804,000

2013

$6,881 (+5.4%)

$592,000 + $197,000

$789,000

2012

$6,531 (+1.0%)

$546,000 + $182,000

$728,000

2011

$6,468 (+6.7%)

$603,000 + $150,000

$753,000

2010

$6,061 (−8.6%)

$621,000 + $154,000

$775,000

2009

$6,630

$770,000 + $191,000

$961,000

Public record

Public record
Zoning

Beds

Baths

3.5

Stories

Lot width

—

Lot depth

—

Lot size

0.38 Acres

Year renovated

—

Sq. Ft.

2,560

Year built

1977

Style

Single Family Residential

County

King County

APN

216200 0130

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 23, 2026.

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.

Permitted uses

Include but are not limited to:

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

Property details

Parking

Parking Information
Parking Uncovered Total: 2
Covered Spaces: 2
Parking Features: Detached Garage
Has Garage
Garage Square Feet: 420

Interior

Virtual Tour

Bedroom Information
# of Bedrooms: 4
# of Beds Upper: 1
# of Beds Lower: 3

Bathroom Information
# of Full Baths (Total): 1
# of Three Quarter Baths (Total): 2
# of Half Baths (Total): 1
# of Main Level Bathrooms (Total): 1
# of Full Baths (Upper): 1
# of Half Baths (Main): 1
# of Three Quarter Baths (Upper): 1
# of Three Quarter Baths (Lower): 1
# of Bathtubs: 1
# of Showers: 2

Room 1 Information
Room Type: Entry Hall
Room Level: Main

Room 2 Information
Room Type: Entry Hall
Room Level: Lower

Room 3 Information
Room Type: Living Room
Room Level: Main

Room 4 Information
Room Type: Dining Room
Room Level: Main

Room 5 Information
Room Type: Kitchen With Eating Space
Room Level: Main

Room 6 Information
Room Type: Bathroom Half
Room Level: Main

Room 7 Information
Room Type: Primary Bedroom
Room Level: Second

Room 8 Information
Room Type: Bathroom Full
Room Level: Second

Room 9 Information
Room Type: Bedroom
Room Level: Lower

Room 10 Information
Room Type: Bedroom
Room Level: Lower

Room 11 Information
Room Type: Bedroom
Room Level: Lower

Room 12 Information
Room Type: Utility Room
Room Level: Lower

Room 13 Information
Room Type: Den/Office
Room Level: Second

Room 14 Information
Room Type: Bathroom Three Quarter
Room Level: Lower

Room 15 Information
Room Type: Bathroom Three Quarter
Room Level: Second

Basement Information
Basement Features: Finished

Fireplace Information
Has Fireplace
# of Fireplaces: 1
Fireplace Features: Gas
# of Fireplaces Main: 1

Heating & Cooling
Has Heating
Heating Information: Forced Air
Has Cooling
Cooling Information: Central Air

Interior Features
Interior Features: Ceiling Fan(s), Dining Room, Fireplace, French Doors, Hot Tub/Spa, Jetted Tub, Loft, Sauna, Skylight(s), Vaulted Ceiling(s), Walk-in Closet(s), Water Heater
Appliances: Dishwasher, Disposal, Double Oven, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Tankless Water Heater, Washer
Flooring: Ceramic Tile, Hardwood, Vinyl
Appliances Included: Dishwasher(s),Double Oven,Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)

Exterior

Building Information
Building Information: Built On Lot
Construction Materials: Wood
Roof: Tile

Exterior Features
Exterior Features: Wood

Pool Information
Has Spa

Property Information
Energy Source: Natural Gas
Sq. Ft. Finished: 3,234
Style Code: 13 - Tri-Level
Property Type: Residential
Property Sub Type: Single Family Residence
Property Condition: Very Good
Has View

Land Information
Vegetation: Garden Space, Wooded

Lot Information
MLS Lot Size Source: KCR
Site Features: Cable TV,Deck,Dog Run,Fenced-Fully,Gas Available,Hot Tub/Spa,Patio
Zoning Jurisdiction: City
Lot Features: Dead End Street, Paved
Lot Size Units: Square Feet
Lot Size Acres: 0.3774
Elevation Units: Feet

Financial

Tax Information
Tax Annual Amount: $12,989
Tax Year: 2025

Financial Information
Listing Terms: Cash, Conventional
Buyer Financing: Conventional

Utilities

Utility Information
Water Source: Public
Water Company: City of Mercer Island
Power Company: PSE
Sewer: Available
Sewer Company: City of Mercer Island
Water Heater Location: Utility Room
Water Heater Type: Tankless Gas
Cable Connected: Comcast
Internet Connected: Xfinity

Location

HOA Information
Has HOA
Association Fee: $300
Association Fee Frequency: Annually
Association Fee Includes: Road Maintenance, See Remarks

School Information
Elementary School: Island Park Elem
Middle Or Junior High School: Islander Mid
High School: Mercer Isl High
High School District: Mercer Island

Location Information
Directions: East Mercer Way to East Mercer Highlands Drive. Follow road up. Home on right. Park at the bottom of the driveway (right shoulder) or use drive. Dead-end street for easy parking & turn around.
Topography: Partial Slope

Community Information
Senior Exemption: false

Public facts

Beds: 4
Baths: 3.5
Sq. Ft.: 2,560
Stories: 2.0
Lot Size: 0.38 acres
Style: Single Family Residential
Year Built: 1977
Year Renovated: —
County: King County
APN: 216200 0130

Home facts updated by county records on Sep 23, 2026

Other

Listing Information
Buyer Brokerage Compensation: 2.5
Buyer Brokerage Compensation Type: %
Mls Status: Sold

Listing Date Information
On Market Date: Wednesday, June 24, 2026

Green Information
Power Production Type: Natural Gas

Home Information
Living Area: 3,234
Calculated Square Footage: 3234
MLS Square Footage Source: Appraisal
Building Area Total: 3234
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Year Built Effective: 1977
Effective Year Built Source: Public Records
Structure Type: House
Levels: Three Or More
Security Features: Fully Fenced
Entry Location: Lower,Main

Around this home

Schools

Island Park Elementary School

Public K-5 • Assigned • 0.5mi

9/10

Islander Middle School

Public 6-8 • Assigned • 1.6mi

9/10

Mercer Island High School

Public 9-12 • Assigned • 1.0mi

10/10

Provided by GreatSchools

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

2/10 Heat Factor

6 days above 87° expected this year, 13 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

84/ 100

Very good sunlight

Sunscore

This home ranks in the top 24% for direct sun exposure in Mercer Island. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.2 hrs

5.2 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$1.89M – $2.28M

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Nearby similar homes

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New listings for sale in 98040

OPEN WED, 11AM TO 1PM3D WALKTHROUGH

$3,500,000

3 beds3 baths2,278 sq ft

7731 SE 58th St, Mercer Island, WA 98040

Listing provided by NWMLS as Distributed by MLS Grid

EARLY ACCESSCOMPASS COMING SOON

$13,135,000

5 beds6 baths6,350 sq ft

Mercer Island, WA 98040

OPEN WED, 11AM TO 1PM

$2,499,000

4 beds4.5 baths4,114 sq ft

4429 Forest Ave SE, Mercer Island, WA 98040

Listing provided by NWMLS as Distributed by MLS Grid

$2,999,999

5 beds3 baths3,775 sq ft

8205 SE 71st St, Mercer Island, WA 98040

Listing provided by NWMLS as Distributed by MLS Grid

OPEN WED, 11AM TO 1PMVIDEO TOUR

$1,995,000

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9095 SE 79th St, Mercer Island, WA 98040

Listing provided by NWMLS as Distributed by MLS Grid

3D WALKTHROUGH

$2,700,000

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6720 W Mercer Way, Mercer Island, WA 98040

Listing provided by NWMLS as Distributed by MLS Grid

COMING SOON

$1,399,000

3 beds2 baths1,540 sq ft

8227 SE 35th St, Mercer Island, WA 98040

Listing provided by NWMLS as Distributed by MLS Grid

$2,648,000

4 beds4.5 baths3,598 sq ft

7803 89th Pl SE, Mercer Island, WA 98040

Listing provided by NWMLS as Distributed by MLS Grid

$1,999,000

4 beds3 baths2,888 sq ft

4336 E Mercer Way, Mercer Island, WA 98040

Listing provided by NWMLS as Distributed by MLS Grid

Home values near 5021 E Mercer Way

Data from public records.

Address	Redfin Estimate
4907 East Mercer Way, Mercer Island, WA 5 Beds \| 3 Baths \| 3250 Sq. Ft.	$2,221,300
5003 East Mercer Way, Mercer Island, WA 3 Beds \| 2.5 Baths \| 3540 Sq. Ft.	$2,277,989

Address	Redfin Estimate
5007 East Mercer Way, Mercer Island, WA 3 Beds \| 2.5 Baths \| 2670 Sq. Ft.	$2,041,458
5049 East Mercer Way, Mercer Island, WA 4 Beds \| 3 Baths \| 3000 Sq. Ft.	$1,884,123

Address	Redfin Estimate
5005 East Mercer Way, Mercer Island, WA 5 Beds \| 3.5 Baths \| 4010 Sq. Ft.	$2,506,201
5225 East Mercer Way, Mercer Island, WA 3 Beds \| 3 Baths \| 2850 Sq. Ft.	$2,076,018

Property information provided by NWMLS as Distributed by MLS Grid when last listed in 2026. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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5021 E Mercer Way, Mercer Island, WA 98040

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About this home

Redfin Estimate

Market trends in 98040, WA

Homeowner tools

Sale and tax history for 5021 E Mercer Way

Public record

Property details

Parking

Interior

Exterior

Financial

Utilities

Location

Public facts

Other

Around this home

Schools

Climate risks

Historical weather

Sun exposure

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Home values near 5021 E Mercer Way

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