Google street view image for 4802 E Mercer Way, Mercer Island, WA 98040

Listed by Robert Pong • Realogics Sotheby's Int'l Rlty. Bought with COMPASS.

Off Market Jan 2026 for $5.1M

$5,579,500

Est. refi paymentEst. refi $31,154/mo

•

4,650

sq ft

4802 E Mercer Way, Mercer Island, WA 98040

About this home

Commanding breathtaking Mount Rainier views across pristine Lake Washington, this 4,450 sq ft Mercer Island residence offers an extraordinary blend of lifestyle, location, and opportunity. Four bedrooms, including dual primary suite potential, create versatility for modern living. Gentle, easy access from E Mercer Way leads to a rare, flat 108-ft low-bank waterfront with deep-water moorage for yachts and floatplane. Sun-filled interiors and multiple terraces invite effortless entertaining. With proximity to I-90 and top-rated schools, this is a legacy-level waterfront estate awaiting its next visionary owner.

Single-familyProperty Type

1980Year Built

0.54 acresLot Size

$1,200Est. Price/Sq.Ft.

3 spacesParking

Listed by Robert Pong • Realogics Sotheby's Int'l Rlty

Listed by Dan Wozniak • Realogics Sotheby's Int'l Rlty

Bought with Greg Rosenwald • COMPASS

Redfin checked: 2 minutes ago

•Source:NWMLS as Distributed by MLS Grid #2422248

Redfin Estimate

$5,579,500

$429K since sold in January 2026$27K since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 117.5% higher than the average sale price ($2.57M) of 5 comparable homes.

SOLD MAY 19, 2026
$2,215,000
A
4 beds3.5 baths4,440 sq ft
9261 SE 46th St, Mercer Island, WA 98040
SOLD APR 21, 2026
$2,450,000
B
4 beds4 baths3,800 sq ft
4851 88th Pl SE, Mercer Island, WA 98040
SOLD AUG 17, 2026
$3,600,000
C
4 beds3.5 baths4,404 sq ft
4140 W Mercer, Mercer Island, WA 98040
SOLD OCT 16, 2025
$2,928,000
D
5 beds4.5 baths4,470 sq ft
5340 W Mercer Way, Mercer Island, WA 98040
SOLD JAN 30, 2026
$1,635,000
E
4 beds3 baths2,940 sq ft
5019 E Mercer Way, Mercer Island, WA 98040

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Earn from this home

Sell

$1,103,130

Est. take-home

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Refinance

Est. cash available

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Rent

$9,343/mo

Redfin rental estimate

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Market trends in 98040, WA

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

98.3%

+0.2% MoM

Median sale price

$2.5M

$32K MoM

Avg. days on market

2 days MoM

Recently sold homes

1 MoM

New listings for sale

OPEN SAT, 2PM TO 4PM
$2,100,000
4 beds3 baths3,180 sq ft
4859 86th Ave SE, Mercer Island, WA 98040
Sam Chapin • Engel & Voelkers Mercer Island
NEW 34 HRS AGO
$3,495,000
5 beds4.5 baths4,580 sq ft
7429 E Mercer Way, Mercer Island, WA 98040
Lori Scott • John L. Scott, Inc.
3D WALKTHROUGH
$3,250,000
5 beds3 baths3,050 sq ft
8340 Avalon Dr, Mercer Island, WA 98040
Marc Khalili Moftakhari Khalil • Windermere Bellevue Commons
$3,550,000
5 beds5.5 baths4,901 sq ft
2227 77th Ave SE, Mercer Island, WA 98040
Grace Yu • The Agency Seattle/Eastside
3D WALKTHROUGH
$2,200,000
4 beds3 baths2,370 sq ft
3715 81st Ave SE, Mercer Island, WA 98040
Patti Hill • John L Scott RE West Seattle
OPEN WED, 11AM TO 1PM
$2,895,000
4 beds3.5 baths3,728 sq ft
4520 89th Ave SE, Mercer Island, WA 98040
Kelly Weisfield • COMPASS
$6,880,000
5 beds4.5 baths5,535 sq ft
4102 100th Ave SE, Mercer Island, WA 98040
Joan Bayley • Windermere Real Estate/East
OPEN TODAY, 5PM TO 7PM
$2,399,000
5 beds3 baths3,660 sq ft
9360 Mercerwood Dr, Mercer Island, WA 98040
Diane Tien • Realogics Sotheby's Int'l Rlty
3D WALKTHROUGH
$2,800,000
3 beds3 baths3,240 sq ft
2003 82nd Ave SE, Mercer Island, WA 98040
Nancy LaVallee • Windermere Mercer Island
VIDEO TOUR
$3,380,000
4 beds4.5 baths4,362 sq ft
8144 W Mercer Way, Mercer Island, WA 98040
Ling Drost • WeLakeside
See all

Provided by Redfin

Sale history for 4802 E Mercer Way

Date

Event

Price

Jan 23, 2026

Sold (MLS) (Closed)

NWMLS as Distributed by MLS Grid #2422248

$5,150,000

$1,108/sq ft

Jan 2, 2026

Pending

NWMLS as Distributed by MLS Grid #2422248

—

Sep 9, 2025

Listed (Active)

NWMLS as Distributed by MLS Grid #2422248

$5,500,000

$1,183/sq ft

Nov 4, 2016

Sold (MLS) (Sold)

NWMLS as Distributed by MLS Grid #1025222

$3,500,000

$753/sq ft

Oct 6, 2016

Pending

NWMLS as Distributed by MLS Grid #1025222

—

Sep 13, 2016

Pending (Pending Inspection)

NWMLS as Distributed by MLS Grid #1025222

—

Sep 6, 2016

Listed (Active)

NWMLS as Distributed by MLS Grid #1025222

$3,795,000

$816/sq ft

May 3, 1988

Sold

Public Records

$1,075,000

$231/sq ft

Jun 24, 1980

Sold

Public Records

$275,000

$59/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$46,659 (+28.4%)

$5,886,000 + $1,277,000

$7,163,000

2025

$36,338 (+1.3%)

$5,886,000 + $1,277,000

$7,163,000

2024

$35,876 (+0.4%)

$3,600,000 + $1,950,000

$5,550,000

2023

$35,745 (+11.4%)

$3,397,000 + $1,815,000

$5,212,000

2022

$32,079 (+4.2%)

$3,822,000 + $2,007,000

$5,829,000

2021

$30,788 (−2.5%)

$3,146,000 + $1,211,000

$4,357,000

2020

$31,591 (+2.4%)

$2,997,000 + $850,000

$3,847,000

2019

$30,864 (−10.3%)

$2,991,000 + $1,117,000

$4,108,000

2018

$34,393 (+14.6%)

$2,991,000 + $1,117,000

$4,108,000

2017

$30,017 (+7.5%)

$2,876,000 + $1,089,000

$3,965,000

2016

$27,919 (+3.8%)

$2,629,000 + $1,060,000

$3,689,000

2015

$26,900 (+0.6%)

$2,380,000 + $961,000

$3,341,000

2014

$26,745 (−12.9%)

$2,200,000 + $876,000

$3,076,000

2013

$30,720 (−0.9%)

$2,346,000 + $582,000

$2,928,000

2012

$30,984 (+1.0%)

$2,163,000 + $1,090,000

$3,253,000

2011

$30,686 (+6.7%)

$2,383,000 + $1,195,000

$3,578,000

2010

$28,757 (−0.5%)

$2,453,000 + $1,230,000

$3,683,000

2009

$28,913

$2,794,000 + $1,403,000

$4,197,000

Tax history for 4802 E Mercer Way

Year

Property tax

Land + Additions

Assessment*

2026

$46,659 (+28.4%)

$5,886,000 + $1,277,000

$7,163,000

2025

$36,338 (+1.3%)

$5,886,000 + $1,277,000

$7,163,000

2024

$35,876 (+0.4%)

$3,600,000 + $1,950,000

$5,550,000

2023

$35,745 (+11.4%)

$3,397,000 + $1,815,000

$5,212,000

2022

$32,079 (+4.2%)

$3,822,000 + $2,007,000

$5,829,000

2021

$30,788 (−2.5%)

$3,146,000 + $1,211,000

$4,357,000

2020

$31,591 (+2.4%)

$2,997,000 + $850,000

$3,847,000

2019

$30,864 (−10.3%)

$2,991,000 + $1,117,000

$4,108,000

2018

$34,393 (+14.6%)

$2,991,000 + $1,117,000

$4,108,000

2017

$30,017 (+7.5%)

$2,876,000 + $1,089,000

$3,965,000

2016

$27,919 (+3.8%)

$2,629,000 + $1,060,000

$3,689,000

2015

$26,900 (+0.6%)

$2,380,000 + $961,000

$3,341,000

2014

$26,745 (−12.9%)

$2,200,000 + $876,000

$3,076,000

2013

$30,720 (−0.9%)

$2,346,000 + $582,000

$2,928,000

2012

$30,984 (+1.0%)

$2,163,000 + $1,090,000

$3,253,000

2011

$30,686 (+6.7%)

$2,383,000 + $1,195,000

$3,578,000

2010

$28,757 (−0.5%)

$2,453,000 + $1,230,000

$3,683,000

2009

$28,913

$2,794,000 + $1,403,000

$4,197,000

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

Public record

Public record
Zoning

Beds

Baths

4.5

Stories

Lot width

—

Lot depth

—

Lot size

23,591

Year renovated

—

Sq. Ft.

4,650

Year built

1980

Style

Single Family Residential

County

King County

APN

192405 9069

Parking Spaces

Basement

Yes

Accessible

HOA Dues

—

Garage

Yes

Features

Waterfront

Last updated by owner on May 21, 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
Covered Spaces: 3
Parking Features: Attached Garage
Has Attached Garage
Has Garage

Interior

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

Bathroom Information
# of Full Baths (Total): 4
# of Half Baths (Total): 1
# of Main Level Bathrooms (Total): 4
# of Full Baths (Main): 3
# of Full Baths (Lower): 1
# of Half Baths (Main): 1

Room 1 Information
Room Type: Bonus Room
Room Level: Main

Room 2 Information
Room Type: Den/Office
Room Level: Main

Room 3 Information
Room Type: Dining Room
Room Level: Main

Room 4 Information
Room Type: Entry Hall
Room Level: Main

Room 5 Information
Room Level: Lower

Room 6 Information
Room Type: Family Room
Room Level: Main

Room 7 Information
Room Type: Kitchen With Eating Space
Room Level: Main

Room 8 Information
Room Type: Living Room
Room Level: Main

Room 9 Information
Room Type: Primary Bedroom
Room Level: Main

Room 10 Information
Room Type: Rec Room
Room Level: Main

Room 11 Information
Room Type: Studio
Room Level: Lower

Room 12 Information
Room Type: Utility Room
Room Level: Main

Room 13 Information
Room Type: Bathroom Full
Room Level: Lower

Room 14 Information
Room Type: Bathroom Full
Room Level: Main

Room 15 Information
Room Type: Bathroom Full
Room Level: Main

Room 16 Information
Room Type: Bathroom Full
Room Level: Main

Room 17 Information
Room Type: Bathroom Half
Room Level: Main

Room 19 Information
Room Type: Primary Bedroom
Room Level: Lower

Room 20 Information
Room Type: Bedroom
Room Level: Main

Basement Information
Basement Features: Daylight, Partially Finished

Fireplace Information
Has Fireplace
# of Fireplaces: 3
Fireplace Features: Gas, Wood Burning
# of Fireplaces Main: 2
# of Fireplaces Lower: 1

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

Interior Features
Interior Features: Fireplace
Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
Flooring: Hardwood, Carpet
Appliances Included: Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)

Exterior

Building Information
Building Information: Built On Lot
Construction Materials: Cement, Wood
Roof: Composition

Exterior Features
Exterior Features: Cement/Concrete, Wood

Pool Information
Pool Type: In-Ground
Pool Features: In Ground
Has Spa

Waterfront Information
On Waterfront
Waterfront Features: Lake
Waterfront Footage: 108

Property Information
Energy Source: Geothermal,Natural Gas
Sq. Ft. Finished: 4,450
Sq. Ft. Unfinished: 200
Style Code: 16 - 1 Story w/Bsmnt.
Property Type: Residential
Property Sub Type: Single Family Residence

Lot Information
MLS Lot Size Source: Realist
Site Features: Deck,Dock,Fenced-Partially,Gas Available,Hot Tub/Spa,Irrigation,Moorage,Propane,Sprinkler System
Zoning Jurisdiction: City
Lot Features: Dead End Street
Lot Size Units: Square Feet
Lot Size Acres: 0.5416
Elevation Units: Feet

Financial

Tax Information
Tax Annual Amount: $36,338
Tax Year: 2025

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

Utilities

Utility Information
Water Source: Public
Water Company: City of Mercer Island
Power Company: PSE
Sewer: Sewer Connected
Sewer Company: City of Mercer Island

Location

School Information
Elementary School: Buyer To Verify
Middle Or Junior High School: Islander Mid
High School: Mercer Isl High
High School District: Mercer Island

Location Information
Water Access: Community Waterfront/Pvt Beach
Directions: South on East Mercer Way to Appleton Lane or 4800 block and turn left (East) follow road curving left to house by the lake.

Community Information
Senior Exemption: false
Community Features: Boat Launch

Public facts

Beds: 4
Baths: 4.5
Sq. Ft.: 4,650
Stories: 1.0
Parking Spaces: 3
Basement: Yes
Accessible: No
Lot Size: 0.54 acres
Style: Single Family Residential
Year Built: 1980
Year Renovated: —
County: King County
APN: 192405 9069
HOA Dues: —
Garage: Yes
Features: Waterfront

Home facts updated by owner on May 21, 2026

Other

Listing Information
Buyer Brokerage Compensation: 2
Buyer Brokerage Compensation Type: %
Mls Status: Sold

Listing Date Information
On Market Date: Tuesday, September 9, 2025

Green Information
Direction Faces: East
Power Production Type: Geothermal, Natural Gas

Home Information
Living Area: 4,450
Calculated Square Footage: 4650
MLS Square Footage Source: realist
Building Area Total: 4650
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Structure Type: House
Levels: One
Security Features: Partially Fenced
Entry Location: Main

Around this home

Schools

Island Park Elementary School

Public K-5 • Assigned • 0.8mi

9/10

Islander Middle School

Public 6-8 • Assigned • 1.8mi

9/10

Mercer Island High School

Public 9-12 • Assigned • 1.0mi

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, 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

$5.30M – $6.42M

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Nearby similar homes

OPEN SAT, 2PM TO 4PM

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Sam Chapin • Engel & Voelkers Mercer Island

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Sean Fortune • Windermere RE North, Inc.

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New listings for sale in 98040

OPEN SAT, 2PM TO 4PM

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Sam Chapin • Engel & Voelkers Mercer Island

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Lori Scott • John L. Scott, Inc.

3D WALKTHROUGH

$3,250,000

5 beds3 baths3,050 sq ft

8340 Avalon Dr, Mercer Island, WA 98040

Marc Khalili Moftakhari Khalil • Windermere Bellevue Commons

$3,550,000

5 beds5.5 baths4,901 sq ft

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Grace Yu • The Agency Seattle/Eastside

3D WALKTHROUGH

$2,200,000

4 beds3 baths2,370 sq ft

3715 81st Ave SE, Mercer Island, WA 98040

Patti Hill • John L Scott RE West Seattle

OPEN WED, 11AM TO 1PM

$2,895,000

4 beds3.5 baths3,728 sq ft

4520 89th Ave SE, Mercer Island, WA 98040

Kelly Weisfield • COMPASS

$6,880,000

5 beds4.5 baths5,535 sq ft

4102 100th Ave SE, Mercer Island, WA 98040

Joan Bayley • Windermere Real Estate/East

OPEN TODAY, 5PM TO 7PM

$2,399,000

5 beds3 baths3,660 sq ft

9360 Mercerwood Dr, Mercer Island, WA 98040

Diane Tien • Realogics Sotheby's Int'l Rlty

3D WALKTHROUGH

$2,800,000

3 beds3 baths3,240 sq ft

2003 82nd Ave SE, Mercer Island, WA 98040

Nancy LaVallee • Windermere Mercer Island

Home values near 4802 E Mercer Way

Data from public records.

Address	Redfin Estimate
4852 East Mercer Way, Mercer Island, WA 5 Beds \| 3.5 Baths \| 5330 Sq. Ft.	$5,471,108
4822 East Mercer Way, Mercer Island, WA 4 Beds \| 3.5 Baths \| 3877 Sq. Ft.	$4,280,100

Address	Redfin Estimate
4732 East Mercer Way, Mercer Island, WA 5 Beds \| 7.5 Baths \| 7312 Sq. Ft.	$13,535,898
4744 East Mercer Way, Mercer Island, WA 5 Beds \| 5 Baths \| 4580 Sq. Ft.	$3,814,667

Address	Redfin Estimate
4804 East Mercer Way, Mercer Island, WA 4 Beds \| 2.5 Baths \| 4120 Sq. Ft.	$2,213,883
4714 East Mercer Way, Mercer Island, WA 7 Beds \| 7 Baths \| 7880 Sq. Ft.	$7,223,478

Property information provided by NWMLS as Distributed by MLS Grid when last listed in 2025. This data may not show owner updates. Learn more.

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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 4802 E Mercer Way

Tax history for 4802 E Mercer Way

Public record

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 4802 E Mercer Way

More real estate resources