$3,100,000
Listed at $3,150,0005 bd•2 ba•3,800 sq ft
8438 N Mercer Way, Mercer Island, WA 98040
• Listed 2026-04-22
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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.
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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
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Open Sun, Jul 5 +1$2,595,000
-$505,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $1.86M and $3.58M.
Rental earnings
$7,775/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$1,857,500Last sold price
3706 84th Avenue Se, Mercer Island, WA 98040
$2,175,000Last sold price
7440 Se 32nd Street, 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.
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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.
$4,350,000 Sold
4 weeks ago
5 bd•2 ba•~4,310 sq ft•Single Family
8371 Se 31st Street, Mercer Island, WA 98040
3%
Under list
—
Days on market
0.3 mi
Distance
$2,550,000 Sold
6 weeks ago
4 bd•1.5 ba•~3,580 sq ft•Single Family
2800 68th Avenue Se, Mercer Island, WA 98040
6%
Under list
—
Days on market
1.0 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
0.7 mi
Distance
$3,000,000 Sold
7 weeks ago
4 bd•3 ba•~4,240 sq ft•Single Family
8612 Se 36th Street, Mercer Island, WA 98040
8%
Under list
—
Days on market
0.5 mi
Distance
$11,525,000 Sold
8 weeks ago
4 bd•3 ba•~6,872 sq ft•Single Family
9626 Se 34th Street, Mercer Island, WA 98040
1%
Under list
—
Days on market
0.8 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.
