$399,950
Est. $2,215/moPrice reduced $25,050 from the original $425,000 asking price
2 bd•1 ba•965 sq ft
2500 81st Avenue SE #118, Mercer Island, WA 98040
• Listed Mar 20, 2026•166 days active · 166 cumulative
Listing Broker: Realogics Sotheby's Int'l Rlty; Amy Thompson; 206-679-8862; amy.thompson@rsir.com
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Listing Broker: Realogics Sotheby's Int'l Rlty; Amy Thompson; 206-679-8862; amy.thompson@rsir.com
About this home
PRICE IMPROVED + SELLER PAYS 6 MONTHS OF HOA DUES! Discover one of the best values in downtown Mercer Island. This beautifully remodeled residence is ideally located directly across from the new light rail station and just moments from Luther Burbank Park, downtown Mercer Island, the Community Center, waterfront parks, and regional walking and biking trails. Enjoy rare features including no rental cap, a conveniently located covered carport near the entrance, large storage unit (#14), and an approved, recorded in-unit washer/dryer. Building amenities include an elevator and club/conference room (currently being renovated). The fully renovated interior features a designer kitchen with farmhouse sink, updated bathroom, new lighting, fireplace, custom closet organizers, air conditioning, and a private in-unit washer/dryer. Bright, open living spaces extend to an expansive west-facing veranda—perfect for relaxing, entertaining, and enjoying beautiful sunset views. Located in Mercer Island's award-winning school district with quick access to both Seattle and Bellevue, this home offers exceptional convenience, flexibility, and investment potential. Price has been significantly improved, and the seller will pay 6 months of HOA dues—making this an exceptional opportunity for homeowners and investors alike.
Listed by Amy Thompson • Realogics Sotheby's Int'l Rlty
Listing updated: September 17, 2026 at 11:42am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2480792
Around this home
How much should you offer?
2500 81st Avenue SE #118, 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
Interior features
- Cooking-Electric
- Dryer-Electric
- Fireplace
- Insulated Windows
- Washer
- Water Heater
- Fireplace (see remarks, wood burning)
Kitchen
- Dishwasher
- Disposal
- Dryer
- Refrigerator
- Stove(s)/Range(s)
Bedrooms
- 2 bedrooms total
- 2 on the main level
Bathrooms
- 1 full bathroom
Layout
- Condo (1 Level)
- Remodeled / updated: true
Laundry
- Electric Dryer Hookup laundry
- Washer Hookup laundry
Flooring
- Vinyl Plank
Heating & cooling
- Baseboard heating
- Window Unit(s) cooling
Schools
Ratings via SchoolDiggerSchool information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
Condominium facts
As entered by the listing broker on Northwest MLS
Building & HOA
- Building
- Mercer Isle Condominiums
- Floor of unit
- 2
- Units in building
- 89
- Stories in building
- 3
- Common interest community
- Yes
- HOA dues
- $1,071
- Dues frequency
- Monthly
- Dues include
- Earthquake Insurance, Lawn Service, Road Maintenance, Sewer, Snow Removal, Trash, Water
- Special assessment
- false
- Association contact
- Jessica Jones
Rules
- Rental cap
- No Rental Cap
- Pets
- No, See Remarks, Subject to Restrictions
- 55+ community
- No
Unit
- Assigned parking
- 1
- Parking space numbers
- 28
- Storage location
- Level One
- Storage number
- 14
- Unit features
- Balcony/Deck/Patio,Insulated Windows
- Common property features
- Clubhouse,Elevator,High Speed Int Avail,Laundry Room,Lobby Entrance,Outside Entry,See Remarks
- Access stairs
- 12
- Laundry
- Electric Dryer Hookup, Washer Hookup
Systems
- Energy source
- Electric
- Power production
- Electric
- Water heater
- Electric
- Water heater location
- Utility Room
- Water company
- HOA
- Sewer company
- HOA
- Garbage service
- HOA
- Irrigation water rights
- No
Green & certifications
- Energy-efficient features
- Insulated Windows
Rooms & extras
- Bathtubs
- 1
- Showers
- 1
- Fireplaces on main
- 1
New construction
- Square footage source
- Realist
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.
Down payment assistance
7 programs may be available to provide you with up to $85,000 in down payment assistance, depending on your specific information.
Northwest MLS lists this home as eligible for down payment assistance programs
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$3,603 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%.
Ask about this home
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Listing Broker: Realogics Sotheby's Int'l Rlty; Amy Thompson; 206-679-8862; amy.thompson@rsir.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 61 days.
Recent sales nearby
Within 1 mile · last 6 months$2,800,000 Sold
2 weeks ago
3 bd•2.75 ba•Condo
2003 82nd Avenue SE, Mercer Island, WA 98040
0%
Over list
48
Days on market
0.3 mi
Distance
$401,000 Sold
2 months ago
1 bd•1 ba•Condo
2949 76th Avenue SE #82B, Mercer Island, WA 98040
1%
Over list
108
Days on market
0.5 mi
Distance
$388,000 Sold
3 months ago
1 bd•1 ba•Condo
3212 SE 81st Place #C203, Mercer Island, WA 98040
3%
Under list
119
Days on market
0.5 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
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 17, 2026 at 11:42am (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.
HO
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