$5,750,000
Est. $28,864/mo3 bd•3 ba•3,670 sq ft
4835 Forest Avenue Se, Mercer Island, WA 98040
• Listed 2026-06-11•11 days on market
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Based on information submitted to the MLS GRID as of June 22, 2026 at 12:19pm (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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Opportunity knocks with a rare chance to own one of Mercer Island’s most coveted street-to-water waterfront estates. Set on nearly half an acre edged by 53 feet of prized west-facing shoreline, this extraordinary property captures sweeping views across Lake Washington to the Seattle skyline and Seward Park—arguably among the most breathtaking vistas on the Island. Iconic mid-century design incorporates walls of glass crowned by lofty clear cedar ceilings that frame the ever-changing panorama. Flow out from spacious gathering areas to expansive waterfront terraces. Views continue into the fireside primary suite, while a separate apartment above the main residence offers flexibility for guests, extended living, or future possibilities. Terraced grounds lead down to the water’s edge, beckoning you to swim, boat, entertain, and watch spectacular sunsets paint the sky. Launch days on the lake from your covered dock with two boat lifts, one ready to accommodate a vessel up to 50,000 pounds. Don’t miss the grandfathered boathouse...a rarity that can no longer be replicated! Rich with history from its classic 1950s roots, this is more than just a home—it is a legacy awaiting its next chapter. Whether you choose to enjoy it as-is, thoughtfully renovate, or create your own waterfront masterpiece, the setting is simply irreplaceable. Secure this premier Mercer Island waterfront lifestyle and make new memories for generations to come.
Listed by Julie Wilson • Windermere Mercer Island
Listing updated: June 22, 2026 at 12:19pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2535485
Open houses
5 datesNearby open houses (6)
See more →$2,929,000
-$2,821,000 under list price
Nearby comparable homes
RexMont uses 4 strongest recent nearby sales, priced between $3M and $5.15M.1 outlier sale was excluded from this snapshot.
Rental earnings
$8,775/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$3,150,000Last sold price
8418 Se 44th Street, Mercer Island, WA 98040
$5,150,000Last sold price
4802 East Mercer Way, 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.
4835 Forest Avenue Se, Mercer Island, WA 98040
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.
Neighborhood mobility
$32,896 per month
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More homes in this area that match your range.
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Open Sun, Jul 5
Open Sun, Jul 5
Open Sun, Jul 5Mercer 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
0.2 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
0.4 mi
Distance
$2,215,000 Sold
7 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
0.8 mi
Distance
$2,485,000 Sold
8 weeks ago
4 bd•2.5 ba•~3,120 sq ft•Single Family
8400 Se 61st Street, Mercer Island, WA 98040
1%
Over list
—
Days on market
0.7 mi
Distance
$2,683,000 Sold
8 weeks ago
4 bd•2.5 ba•~3,980 sq ft•Single Family
8021 Se 57th Street, Mercer Island, WA 98040
3%
Over list
—
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 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.
