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← Back to search results/Mercer Island, WA/18 Holly Lane
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Listed by Scott Richards • Windermere Real Estate/East.
FOR SALE

$7,499,988

Est. $41,543/mo

Price reduced $499,892 from the original $7,999,880 asking price

6 bd•4 ba•5,163 sq ft

18 Holly Lane, Mercer Island, WA 98040

• Listed May 12, 2026•223 days active · 223 cumulative

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★★★★★5.0·1,242 Google reviews

Listing Broker: Windermere Real Estate/East; Scott Richards; 206-409-2498; Scott@RichardsRealty.com

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Listing Broker: Windermere Real Estate/East; Scott Richards; 206-409-2498; Scott@RichardsRealty.com

About this home

Cruise home to a legacy estate on Mercer Island’s coveted Gold Coast—137± ft of private, no-bank Lake Washington frontage on the island’s prized west shore. Designed in 1974 for effortless entertaining, this custom five bedroom residence spans nearly 5,200± sf, centered around an updated kitchen that flows seamlessly to expansive indoor/outdoor gathering spaces. The primary suite enjoys tranquil views of Lake Washington, Seward Park, the Seattle skyline & Olympic Mtns, w/ private deck, two walk-in closets & luxe five piece bath. Upstairs offers two additional west-facing bedrooms & large bonus/media room. Panoramic sunsets linger to nearly 10pm—simply the pinnacle of MI waterfront living.

Property type
Single Family
Year built
1974
Interior
5,163 sq ft
Lot size
0.577 acres
Parking
2-car garage
Price / sq ft
$1453
HeatingForced Air, Heat Pump
CoolingHeat Pump
Property taxes$68,893/yr (est.)
School districtMercer Island

Listed by Scott Richards • Windermere Real Estate/East

Listing updated: October 8, 2026 at 01:05pm

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2522070

Around this home

RexMont OfferEdge™

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18 Holly Lane, Mercer Island, WA 98040

List price
$7,499,988
Down payment
$1,499,998

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Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.

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.

Property details

Interior features

  • Bath Off Primary
  • Built-In Vacuum
  • Dbl Pane/Storm Window
  • Dining Room
  • Fireplace
  • Fireplace (Primary Bedroom)
  • French Doors
  • Hot Tub/Spa
  • Jetted Tub
  • Pantry
  • Security System
  • Skylight(s)
  • Sprinkler System
  • Vaulted Ceiling(s)
  • Walk-In Closet(s)
  • Wired for Generator
  • 3 fireplaces (wood burning)

Kitchen

  • Dishwasher
  • Disposal
  • Double Oven
  • Dryer
  • Microwave
  • Refrigerator
  • Washer

Bedrooms

  • 6 bedrooms total
  • 1 on the main level
  • 5 upstairs

Bathrooms

  • 2 full bathrooms
  • 2 three-quarter bathrooms (shower, no tub)
  • 1 half bathroom
  • 4 bathrooms total (NWMLS count)
  • 2 on the main level

Layout

  • 2 Story
  • 5,163 sq ft finished
  • 680 sq ft garage

Flooring

  • Hardwood
  • Travertine
  • Carpet

Heating & cooling

  • Forced Air heating
  • Heat Pump heating
  • Heat Pump cooling

Schools

Ratings via SchoolDigger

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.

Single-family home facts

As entered by the listing broker on Northwest MLS

Lot & site

Topography
Level

Systems

Energy source
Electric
Power production
Electric
Power company
PSE
Water company
City of MI
Sewer company
City of MI
Irrigation water rights
No

Rooms & extras

Spa
Yes
Bathtubs
2
Showers
2
Fireplaces on main
2
Fireplaces upstairs
1

New construction

Square footage source
AsBuilt
Lot size source
Realist
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

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Sales & Tax Records for 18 Holly Lane

NWMLS via MLS Grid · King County Assessor

Every 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.

  1. Oct 8, 2026
    Price reduced
    NWMLS via MLS Grid · #2522070
    $7,499,988
    $1,453/sq ft
  2. May 12, 2026
    Listed
    NWMLS via MLS Grid · #2522070
    $7,999,880
    $1,549/sq ft

Mortgage payment forecast

$49,159 per month

Great rate
Principal and interest
Property taxes
HOA dues
Home insurance

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Source: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.

Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.

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Listing Broker: Windermere Real Estate/East; Scott Richards; 206-409-2498; Scott@RichardsRealty.com

Market pulse

Mercer Island is a balanced market.

Supply and demand are roughly in balance. Neither side has a clear edge.

Buyer's marketSeller's market
  • 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
  • $1,585,000 Sold

    3 days ago

    4 bd•3 ba•~2,220 sq ft•Single Family

    4215 Island Crest Way, Mercer Island, WA 98040

    6%

    Under list

    65

    Days on market

    0.3 mi

    Distance

  • $3,425,000 Sold

    3 days ago

    7 bd•3.25 ba•~4,640 sq ft•Single Family

    8105 SE 44th Street, Mercer Island, WA 98040

    2%

    Under list

    24

    Days on market

    0.2 mi

    Distance

  • $2,300,000 Sold

    1 week 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

    0.4 mi

    Distance

  • $2,825,000 Sold

    2 weeks ago

    4 bd•3.25 ba•~3,728 sq ft•Single Family

    4520 89th Avenue SE, Mercer Island, WA 98040

    2%

    Under list

    40

    Days on market

    0.7 mi

    Distance

  • $1,450,000 Sold

    2 weeks ago

    3 bd•2.5 ba•~2,080 sq ft•Single Family

    4329 86th Avenue SE, Mercer Island, WA 98040

    5%

    Under list

    82

    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.

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Market data from MLS GRID / NWMLS · Updated Oct 2026

MLS GRID Disclaimer

Based on information submitted to the MLS GRID as of October 8, 2026 at 01:05pm (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.

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