$1,800,000
Listed at $2,099,0004 bd•1.5 ba•2,260 sq ft
7204 78Th Avenue SE, Mercer Island, WA 98040
• Listed May 8, 2026
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Listing Broker: John L. Scott, Inc.; Xia Zhao; 425-802-8082; xiazhao@johnlscott.com
Buyer Broker: Coldwell Banker Bain
About this home
Exceptional Development Opportunity on Mercer Island. A generous 22,000 sq ft corner lot in one of MI’s most desirable neighborhoods. Site Development permitting is in process. The lot’s regular shape supports optimal design flexibility, allowing future homes to maximize the 40% FAR. Enjoy an unbeatable location just minutes from the lake, parks, shopping, and top-rated schools—all within walking distance. An existing home on the property has been modestly updated. Whether you’re a builder, investor, or homeowner with vision, this is a prime opportunity to capitalize on the scarcity of developable land on MI. Bring your team and start the permitting process.
Listed by Xia Zhao • John L. Scott, Inc.
Listing updated: September 24, 2026 at 04:04am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2520530
Around this home
Property details
Interior features
- Fireplace
- 2 fireplaces (wood burning)
- Daylight, Partially Finished basement
Bedrooms
- 4 bedrooms total
- 3 on the main level
- 1 on the lower level
Bathrooms
- 1 full bathroom
- 1 half bathroom
- 1.5 bathrooms total (NWMLS count)
- 1 on the main level
Layout
- 1 Story w/Bsmnt.
- 2,260 sq ft finished, 780 sq ft unfinished
- 650 sq ft garage
Heating & cooling
- Forced Air heating
- None 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.
Single-family home facts
As entered by the listing broker on Northwest MLS
Lot & site
- Topography
- Partial Slope
- Vegetation
- Garden Space
Systems
- Energy source
- Electric,Oil,Wood
- Power production
- Electric, Oil, Wood
- Irrigation water rights
- No
Rooms & extras
- Bathtubs
- 1
- Showers
- 1
- Fireplaces on main
- 1
- Fireplaces lower level
- 1
New construction
- Square footage source
- Public Resource
- Lot size source
- Public Resource
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 7204 78Th Avenue SE
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.
- Aug 24, 2026SoldNWMLS via MLS Grid · #2520530$1,800,000$796/sq ft
- Jul 7, 2026PendingNWMLS via MLS Grid · #2520530$2,099,000$929/sq ft
- May 8, 2026ListedNWMLS via MLS Grid · #2520530$2,099,000$929/sq ft
- Nov 4, 2021SoldNWMLS via MLS Grid · #1605101$1,680,000$743/sq ft
- Sep 26, 2021PendingNWMLS via MLS Grid · #1605101$1,750,000$774/sq ft
- May 23, 2020ListedNWMLS via MLS Grid · #1605101$1,750,000$774/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 60 days.
Recent sales nearby
Within 1 mile · last 6 months$3,285,000 Sold
5 days ago
5 bd•4.5 ba•~4,580 sq ft•Single Family
7429 E Mercer Way, Mercer Island, WA 98040
6%
Under list
44
Days on market
1.0 mi
Distance
$2,650,000 Sold
5 days ago
4 bd•2.75 ba•~3,170 sq ft•Single Family
6543 81st Avenue SE, Mercer Island, WA 98040
2%
Under list
64
Days on market
0.4 mi
Distance
$2,125,000 Sold
1 week ago
3 bd•2.5 ba•~2,810 sq ft•Single Family
8510 SE 72nd Street, Mercer Island, WA 98040
3%
Under list
44
Days on market
0.4 mi
Distance
$2,918,000 Sold
3 weeks ago
5 bd•3 ba•~3,464 sq ft•Single Family
8636 SE 75th Place, Mercer Island, WA 98040
13%
Over list
15
Days on market
0.5 mi
Distance
$2,150,000 Sold
4 weeks ago
4 bd•2.25 ba•~2,510 sq ft•Single Family
8534 SE 79th Place, Mercer Island, WA 98040
2%
Under list
32
Days on market
0.6 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 24, 2026 at 04:04am (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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