$8,500,000
Est. $42,847/mo4 bd•3 ba•3,900 sq ft
8428 N Mercer Way, Mercer Island, WA 98040
• Listed 2025-03-31•3 days on market
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Based on information submitted to the MLS GRID as of June 17, 2026 at 09:30pm (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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The epitome of waterfront living on Mercer Island's tranquil north shore. This rare rambler-style beach house offers a serene retreat with 4 bedrooms, including a primary suite boasting stunning views & 5-piece bath. The 85ft of private low-bank waterfront & sandy beach provide the perfect escape. Luther Burbank Park borders the west side, enhancing the natural beauty of the surroundings. Private dock w/covered boat & jet ski lifts offer unparalleled convenience. Spacious backyard features a large deck,Viking grill, sportcourt, hot tub, and panoramic views of Mt. Rainier & the Eastside. With an attached 3-car garage, this home seamlessly combines luxury with practicality. Newly refinished hardwood floors. Shared access with two neighbors to a 2nd dock and sandy beach next door with additional 15 feet of waterfront, bringing combined contiguous waterfront total to 100 feet.
Listed by Martin J. Ho • Berkshire Hathaway HS NW
Listing updated: June 17, 2026 at 09:30pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2353107
Open houses
3 datesNearby open houses (4)
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Open Sun, Jun 21$4,255,000
-$4,245,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $4.35M and $8.85M.
Rental earnings
$12,775/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$4,350,000Last sold price
8371 Se 31st Street, Mercer Island, WA 98040
$8,850,000Last sold price
3639 W Mercer Way, Mercer Island, WA 98040
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
8428 N Mercer Way, Mercer Island, WA 98040
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
$48,994 per month
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Open Sun, Jun 21Open Sun, Jun 21
Open Sun, Jun 21Mercer Island is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells for about 1% below list price.
Time on market: The average home goes pending in around 4 days.
$4,350,000 Sold
3 weeks ago
5 bd•2 ba•~4,310 sq ft•Single Family
8371 Se 31st Street, Mercer Island, WA 98040
3%
Under list
—
Days on market
0.3 mi
Distance
$2,785,000 Sold
6 weeks ago
4 bd•2.5 ba•~3,270 sq ft•Single Family
3712 88th Avenue Se, Mercer Island, WA 98040
3%
Under list
—
Days on market
0.7 mi
Distance
$3,000,000 Sold
6 weeks ago
4 bd•3 ba•~4,240 sq ft•Single Family
8612 Se 36th Street, Mercer Island, WA 98040
8%
Under list
—
Days on market
0.5 mi
Distance
$2,055,000 Sold
6 weeks ago
4 bd•1 ba•~3,260 sq ft•Single Family
3905 96th Avenue Se, Mercer Island, WA 98040
1%
Under list
—
Days on market
0.9 mi
Distance
$3,900,000 Sold
7 weeks ago
4 bd•2.5 ba•~3,779 sq ft•Single Family
3406 97th Avenue Se, Mercer Island, WA 98040
2%
Under list
—
Days on market
0.9 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
Mercer Island School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
