$1,750,000
Listed at $1,900,0004 bd•1.5 ba•2,840 sq ft
16 Wembley Lane, Mercer Island, WA 98040
• Listed 2026-04-01
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Based on information submitted to the MLS GRID as of June 21, 2026 at 04:03am (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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Tucked into a quiet Mid-Island enclave of just 10 homes with a private shared community pool, this classic midcentury modern offers timeless design. Sunlight beams into this home from the numerous walls of windows, creating a bright and inviting atmosphere throughout. This 2,840 sq ft residence features 3 bedrooms and 2.25 bathrooms. A spacious primary suite includes dual closets and a private ensuite bath. The light-filled main level showcases hardwood floors, a wood-burning fireplace, and a dramatic wall of windows that opens to a large deck—perfect for indoor-outdoor living. The kitchen offers abundant storage, an eat-in area, and seamless flow to the dining space. Downstairs, a walk-out lower level features a second fireplace, expansive windows, and a flexible bonus room ideal for a home office or gym. A standout feature is the attached 1-bedroom apartment with its own kitchen, living and dining areas, walk-in closet, updated tiled 3/4 bath, and in-unit washer/dryer—ideal for guests, rental income, or multigenerational living. Additional highlights include air conditioning, a 2-car carport with EV charging, and two large storage rooms. The fully fenced yard feels like a park-like setting with mature landscaping. Situated on a 9,630 SF corner lot with quick access to I-90 and top-rated Mercer Island schools, this home blends privacy, functionality, and midcentury charm.
Listed by Richard C. Buchanan • KW Greater Seattle
Listing updated: June 21, 2026 at 04:03am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2499849
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (6)
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Open Sun, Jul 5
Open Sun, Jul 5
Open Sun, Jul 5
Open Sun, Jul 5$2,107,000
+$357,000 over list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $1.55M and $3.09M.
Rental earnings
$6,325/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$1,650,000Last sold price
5 Wembley Lane, Mercer Island, WA 98040
$3,091,250Last sold price
4710 86th Avenue Se, 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
5 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
0.1 mi
Distance
$1,750,000 Sold
6 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
0.1 mi
Distance
$2,215,000 Sold
6 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
0.5 mi
Distance
$2,315,000 Sold
7 weeks ago
4 bd•1.5 ba•~2,420 sq ft•Single Family
9525 Mercerwood Drive, Mercer Island, WA 98040
1%
Under list
—
Days on market
0.8 mi
Distance
$2,785,000 Sold
7 weeks ago
4 bd•2.5 ba•~3,270 sq ft•Single Family
3712 88th Avenue Se, Mercer Island, WA 98040
3%
Under list
—
Days on market
0.9 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
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.
