$399,950
Est. $2,033/mo2 bd•1 ba
2500 81st Avenue Se #118, Mercer Island, WA 98040
• Listed 2026-03-20•4 days on market
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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: July 17, 2026 at 01:57pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2480792
Open houses
No upcoming open houses scheduled for this property.
RexMont Value Snapshot
We found recent nearby sales, but not enough that are similar enough to publish an automated value signal for this home.
Ask RexMont to verify value2500 81st Avenue Se #118, 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
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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 8 days.
$388,000 Sold
1 day ago
1 bd•1 ba•Condo
3212 Se 81st #c203, Mercer Island, WA 98040
3%
Under list
—
Days on market
0.5 mi
Distance
$680,000 Sold
2 months ago
2 bd•2 ba•Condo
2760 76th Avenue Se #505, Mercer Island, WA 98040
1%
Under list
—
Days on market
0.4 mi
Distance
$517,000 Sold
3 months ago
2 bd•1.5 ba•Condo
3204 81st Place Se #b202, Mercer Island, WA 98040
2%
Under list
—
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 Jul 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
