$6,200,000
Est. $34,342/moPrice reduced $600,000 from the original $6,800,000 asking price
7220 N Mercer Way, Mercer Island, WA 98040
• Listed Nov 3, 2025•330 days active · 330 cumulative
Listing Broker: Wonderland Real Estate; Alice On; 206-849-8485; alice@aliceonrealty.com
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Listing Broker: Wonderland Real Estate; Alice On; 206-849-8485; alice@aliceonrealty.com
About this home
One of Mercer Island's rarest offerings—a prime half-acre waterfront parcel on the sought-after North End with 82+ feet of private shoreline, a U-shaped covered dock with deep-water moorage, and an exceptional opportunity to create a legacy waterfront estate. Behind a gated entry, the property captures sweeping views of the Bellevue skyline and the tranquil waters of Lake Washington, with lush natural surroundings and a covered waterside seating area for relaxing and entertaining by the lake. Conceptual architectural plans are available, providing a valuable starting point while leaving the flexibility to create a home tailored to your own vision. From sunrise paddles to evenings on the water, this is where your vision becomes something extraordinary on one of Lake Washington's most coveted stretches of shoreline—minutes to downtown Bellevue, Seattle, parks, and top-rated schools. Renderings are conceptual only; plans available. Pricing reflects land value only.
Listed by Alice On • Wonderland Real Estate
Listing updated: September 17, 2026 at 11:38am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2449152
Around this home
How much should you offer?
7220 N Mercer Way, Mercer Island, WA 98040
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
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.
Property details
Layout
- Res-Less thn 1 Ac
Schools
Ratings via SchoolDiggerMercer Island School District
- Buyer To VerifyPublic · Grades Elementary—
- Islander Middle SchoolPublic · Grades 6-8 · State rank 9 of 51410/10
- Mercer Island High SchoolPublic · Grades 9-12 · State rank 2 of 39610/10
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.
Vacant land facts
As entered by the listing broker on Northwest MLS
Lot
- Acres
- 0.57 acres
- Lot square feet
- 24,754 sq ft
- Topography
- Sloped
- Lot details
- Secluded
Zoning & use
- Zoning jurisdiction
- County
Utilities
- Utilities
- Electricity Available, Natural Gas Available
- Electricity
- In Street
- Gas
- In Street
- Water
- Available
- Sewer
- In Street
Road & access
- Road surface
- Paved
- Road information
- Paved
Surveys & reports
- Sketch submitted
- No
Water & irrigation
- Waterfront
- Yes
- Irrigation water rights
- No
Taxes & assessment
- Annual taxes
- $44,243
- Tax year
- 2025
- Financing
- Conventional
- Seller disclosure
- Provided
- Preliminary title ordered
- Yes
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 7220 N Mercer Way
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Sep 17, 2026Price reducedNWMLS via MLS Grid · #2449220$6,200,000
- Sep 17, 2026Price reducedNWMLS via MLS Grid · #2449152$6,200,000
- Nov 6, 2025ListedNWMLS via MLS Grid · #2449220$6,800,000
- Nov 3, 2025ListedNWMLS via MLS Grid · #2449152$6,800,000
- Aug 21, 2019SoldNWMLS via MLS Grid · #1469656$4,800,000
- Jul 25, 2019PendingNWMLS via MLS Grid · #1469656$4,999,000
Mortgage payment forecast
$39,579 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Listing Broker: Wonderland Real Estate; Alice On; 206-849-8485; alice@aliceonrealty.com
Market pulse
Mercer Island is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells for about 2% below list price.
Time on market: The average home goes pending in around 74 days.
Recent sales nearby
Within 1 mile · last 6 months$3,915,000 Sold
6 days ago
5 bd•3.25 ba•~4,130 sq ft•Single Family
3045 71st Avenue SE, Mercer Island, WA 98040
12%
Over list
35
Days on market
0.8 mi
Distance
$1,852,500 Sold
3 weeks ago
4 bd•3 ba•~3,490 sq ft•Single Family
6605 SE 24th Street, Mercer Island, WA 98040
7%
Under list
12
Days on market
0.4 mi
Distance
$3,420,000 Sold
5 weeks ago
5 bd•4.5 ba•~3,930 sq ft•Single Family
3237 74th Avenue SE, Mercer Island, WA 98040
0%
Over list
—
Days on market
0.9 mi
Distance
$2,200,000 Sold
8 weeks ago
2 bd•1 ba•~1,110 sq ft•Single Family
2728 60th Avenue SE, Mercer Island, WA 98040
2%
Over list
21
Days on market
0.7 mi
Distance
$2,000,000 Sold
8 weeks ago
3 bd•1.75 ba•~1,450 sq ft•Single Family
7247 SE 29th Street, Mercer Island, WA 98040
8%
Over list
17
Days on market
0.7 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 Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 19, 2026 at 9:46 PM PT (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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© 2026 Northwest Multiple Listing Service. All rights reserved.
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