$3,100,000
Listed at $3,150,0005 bd•2.75 ba•3,800 sq ft
8438 N Mercer Way, Mercer Island, WA 98040
• Listed Apr 22, 2026
RexMont Market Signal for 8438 N Mercer Way
Sold price on recordRexMont Market Signal $3,100,000
Closed sale price · as of May 21, 2026, the day it sold.
Market Signal since the sale
$2,712,413
Likely $2,052,289 – $3,270,120 · solid read · as of November 1, 2026
Estimate, not an appraisal.
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID; King County Assessor records.
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Watching: Mercer Island $2.48M–$3.72M · 5+ bd
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Listing Broker: Windermere Real Estate Co.; Jordan R. Malloch; 206-526-5544
Buyer Broker: Coldwell Banker Bain
About this home
Rare shared waterfront property on N. Mercer Island. This meticulously maintained 5-bedroom, 3-bathroom home is defined by two things: exceptional natural light & stunning mature greenery that surrounds every window. Skylights, soaring vaulted ceilings, & walls of wood-framed windows flood the interior with light throughout the day, with towering evergreens as the backdrop in nearly every room. The living room, the heart of the main level — a tile-encased gas fireplace, westward-facing Lake Washington views, & direct flow to an expansive back deck w/ open sky & treetop views. The kitchen opens to a bright dinette w/ the same lush outlook. The main level also includes a formal dining room, dedicated office with direct deck access, two additional bedrooms, & full bath.The primary suite is sun-drenched, with vaulted ceilings, walk-in closet, private ensuite with skylit soaking tub, & french doors opening to a juliet balcony. A true private retreat.The lower level adds two sizeable bedrooms, a ¾ bath, & a spacious family room.The outdoor spaces are a true extension of the home. The grounds feature a thoughtfully designed landscape with moss-covered stone pathways, a wooden footbridge, sculpted shrubs, ornamental plantings, & mature rhododendrons — years of careful cultivation on full display. Deeded waterfront access includes a private dock directly on Lake Washington via dedicated path. A half-court sports court, back patio & attached garage round out a property that has it all
Listed by Jordan R. Malloch • Windermere Real Estate Co.
Listing updated: June 21, 2026 at 04:03am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2510690
Around this home
Property details
Interior features
- Bath Off Primary
- Dbl Pane/Storm Window
- Dining Room
- Fireplace
- French Doors
- Pantry
- Skylight(s)
- Vaulted Ceiling(s)
- Walk-In Closet(s)
- Water Heater
- 2 fireplaces (gas)
- Daylight, Finished basement
Kitchen
- Dishwasher
- Disposal
- Dryer
- Refrigerator
- Stove(s)/Range(s)
- Washer
Bedrooms
- 5 bedrooms total
- 2 on the main level
- 1 upstairs
- 2 on the lower level
Bathrooms
- 2 full bathrooms
- 1 three-quarter bathroom (shower, no tub)
- 2.75 bathrooms total (NWMLS count)
- 1 on the main level
Layout
- 1 1/2 Stry w/Bsmt
- 3,800 sq ft finished
- 670 sq ft garage
Flooring
- Ceramic Tile
- Laminate
- Carpet
Heating & cooling
- Forced Air heating
- None cooling
Schools
Ratings via SchoolDiggerMercer Island School District
- Buyer To VerifyPublic · Grades Elementary—
- Buyer To VerifyPublic · Grades Middle—
- Buyer To VerifyPublic · Grades High—
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.
Single-family home facts
As entered by the listing broker on Northwest MLS
Lot & site
- Topography
- Level,Partial Slope
- Vegetation
- Garden Space
- Zoning jurisdiction
- City
Systems
- Energy source
- Electric,Natural Gas
- Power production
- Electric, Natural Gas
- Water heater
- Tankless - Gas
- Water heater location
- Basement Utility Room
- Power company
- Puget Sound Energy
- Water company
- City of Mercer Island
- Sewer company
- City of Mercer Island
- Gas company
- Puget Sound Energy
- Garbage service
- Recology
- Irrigation water rights
- No
Rooms & extras
- Fireplaces on main
- 1
- Fireplaces lower level
- 1
- Excluded items
- No
New construction
- Square footage source
- Public Records
- Lot size source
- Public Records
- Effective year built source
- Public Records
Manufactured home
- Land lease
- No
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 8438 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.
- May 21, 2026SoldNWMLS via MLS Grid · #2510690$3,100,000$816/sq ft
- Apr 28, 2026PendingNWMLS via MLS Grid · #2510690$3,150,000$829/sq ft
- Apr 22, 2026ListedNWMLS via MLS Grid · #2510690$3,150,000$829/sq ft
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 73 days.
Recent sales nearby
Within 1 mile · last 6 months$3,915,000 Sold
3 weeks 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
0.9 mi
Distance
$2,100,000 Sold
3 weeks ago
4 bd•2.5 ba•~2,370 sq ft•Single Family
3715 81st Avenue SE, Mercer Island, WA 98040
5%
Under list
48
Days on market
0.6 mi
Distance
$2,300,000 Sold
4 weeks ago
3 bd•1.75 ba•~1,900 sq ft•Single Family
7529 SE 40th Street, Mercer Island, WA 98040
21%
Over list
15
Days on market
1.0 mi
Distance
$2,675,000 Sold
5 weeks ago
5 bd•3.5 ba•~4,477 sq ft•Single Family
3645 92nd Avenue SE, Mercer Island, WA 98040
11%
Under list
149
Days on market
0.8 mi
Distance
$3,200,000 Sold
6 weeks ago
6 bd•4.5 ba•~4,310 sq ft•Single Family
8821 SE 39th Street, Mercer Island, WA 98040
2%
Under list
32
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 Nov 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 November 2, 2026 at 3:41 AM 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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