$4,800,000
Listed at $4,999,9005 bd•2.5 ba•3,510 sq ft
5438 E Mercer Way, Mercer Island, WA 98040
• Listed 2025-06-16
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Based on information submitted to the MLS GRID as of August 21, 2025 at 04:02am (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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Discover unparalleled lakeside living with this refreshed contemporary home, perfectly positioned on a sprawling 0.58-acre lot with 85 feet of low-bank lake frontage and a private dock. Every room in this 5-bedroom, 3.5-bathroom home offers breathtaking views of the serene lake, seamlessly blending modern design with nature's beauty. Wake up to panoramic views of Mt. Rainier and enjoy the tranquility of the water right at your doorstep. Every detail is designed to bring the outdoors in. Nestled in a community renowned for its excellent schools, this home is not just a residence but a lifestyle. A peaceful retreat ready to be enjoyed while offering incredible potential for expansion, to transform it into your forever home.
Listed by Grace Yu • Realogics Sotheby's Int'l Rlty
Listing updated: August 21, 2025 at 04:02am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2393404
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (6)
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Open Sun, Jun 14
Open Sun, Jun 14
Open Sun, Jun 14
Open Sun, Jun 14
Open Sun, Jun 14$3,113,000
-$1,687,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $2.58M and $4.8M.
Rental earnings
$9,350/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$4,800,000Last sold price
5438 E Mercer Way, Mercer Island, WA 98040
$2,610,000Last sold price
9209 Se 57th Street, 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.
Neighborhood mobility
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Mercer 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 9 days.
$2,150,000 Sold
2 weeks ago
4 bd•2.5 ba•~3,765 sq ft•Single Family
4701 84th Avenue Se, Mercer Island, WA 98040
6%
Under list
—
Days on market
1.0 mi
Distance
$1,750,000 Sold
3 weeks ago
4 bd•1.5 ba•~2,840 sq ft•Single Family
16 Wembley Lane, Mercer Island, WA 98040
8%
Under list
—
Days on market
1.0 mi
Distance
$2,215,000 Sold
4 weeks ago
4 bd•2.5 ba•~4,440 sq ft•Single Family
9261 Se 46th Street, Mercer Island, WA 98040
8%
Under list
—
Days on market
0.7 mi
Distance
$2,683,000 Sold
5 weeks ago
4 bd•2.5 ba•~3,980 sq ft•Single Family
8021 Se 57th Street, Mercer Island, WA 98040
3%
Over list
—
Days on market
1.0 mi
Distance
$2,995,000 Sold
5 weeks ago
5 bd•3 ba•~3,694 sq ft•Single Family
8910 Se 54th Street, Mercer Island, WA 98040
0%
Over list
—
Days on market
0.4 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.
