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Listed by Alice On • Wonderland Real Estate.
FOR SALE

$6,200,000

Est. $33,099/mo

Price reduced $600,000 from the original $6,800,000 asking price

7 bd•8 ba•8,600 sq ft

7220 North Mercer Way, Mercer Island, WA 98040

• Listed Nov 6, 2025•327 days active · 327 cumulative

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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.

Property type
Single Family
Year built
1981
Interior
8,600 sq ft
Lot size
0.5683 acres
Parking
None
Price / sq ft
$721
HeatingNone
CoolingNone
Property taxes$44,242.54/yr (est.)
School districtMercer Island

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 #2449220

Open houses

No upcoming open houses scheduled for this property.

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RexMont OfferEdge™

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7220 North Mercer Way, Mercer Island, WA 98040

List price
$6,200,000
Down payment
$1,240,000

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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

Bedrooms

  • 7 bedrooms total

Bathrooms

  • 8 full bathrooms

Heating & cooling

  • None heating
  • None cooling

Neighborhood mobility

Walk, bike & transit scores

Source: Walk Score®, Bike Score® and Transit Score® are provided by Walk Score (walkscore.com), a third-party service. This is not Northwest MLS listing data.

Schools

Ratings via SchoolDigger

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.

Mortgage payment forecast

$38,336 per month

Great rate
Principal and interest
Property taxes
HOA dues
Home insurance

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Source: 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

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Market pulse

Mercer Island is a balanced market.

Supply and demand are roughly in balance. Neither side has a clear edge.

Buyer's marketSeller's market
  • 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 50 days.

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Market data from MLS GRID / NWMLS · Updated Sep 2026

MLS GRID Disclaimer

Based on information submitted to the MLS GRID as of September 17, 2026 at 11:38am (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.

© 2026 Northwest Multiple Listing Service. All rights reserved.

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