$3,599,950
Est. $18,147/mo5 bd•2.5 ba•4,021 sq ft
4526 89th Avenue Se, Mercer Island, WA 98040
• Listed 2026-06-18•New today
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Based on information submitted to the MLS GRID as of June 18, 2026 at 03:42pm (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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Imagine building your dream home in one of Mercer Island's most desirable settings, where quiet tree-lined streets, waterfront parks, and a strong sense of community create an exceptional lifestyle. Tucked away on a peaceful cul-de-sac just moments from Ellis Pond, this rare homesite offers the opportunity to build a brand-new JayMarc Custom Home in a location that perfectly balances tranquility with convenience. Planned for this property is The Marcello, JayMarc's thoughtfully designed 4,000-square-foot floor plan featuring a professionally curated interior package with timeless, neutral finishes and elevated craftsmanship throughout. Designed for both entertaining and everyday living, the main level centers around a chef-inspired kitchen, expansive gathering spaces, and a private office or guest suite with an en-suite bath. Upstairs, the luxurious primary retreat offers heated floors, a soaking tub, designer tile shower, and spacious walk-in closet. A generous bonus room with kitchenette and an additional en-suite bedroom provide flexibility for guests, recreation, or multigenerational living. Located within the award-winning Mercer Island School District and just minutes from parks, trails, shopping, dining, and I-90 access, this is a rare opportunity to enjoy the best of island living while partnering with one of the Pacific Northwest's premier builders. Contact us for details regarding the home design, curated selections, construction timeline, and purchase structure.
Listed by Daniel Sessoms • COMPASS
Listing updated: June 18, 2026 at 03:42pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2541001
Open houses
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Nearby open houses (8)
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Open Sat, Jun 20$2,984,000
-$615,950 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $2.2M and $3.7M.
Rental earnings
$8,950/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$2,425,000Last sold price
9222 Se 46th Street, Mercer Island, WA 98040
$2,200,000Last sold price
4741 Fernridge Lane, 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.
4526 89th 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
$21,747 per month
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Diane Tien · Realogics Sotheby's Int'l Rlty
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 3 days.
$1,625,000 Sold
2 weeks ago
3 bd•1 ba•~1,580 sq ft•Single Family
9750 Se 41st Street, Mercer Island, WA 98040
6%
Under list
—
Days on market
0.8 mi
Distance
$2,150,000 Sold
3 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
0.4 mi
Distance
$1,750,000 Sold
4 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
0.3 mi
Distance
$2,215,000 Sold
4 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
0.3 mi
Distance
$2,315,000 Sold
5 weeks ago
4 bd•1.5 ba•~2,420 sq ft•Single Family
9525 Mercerwood Drive, Mercer Island, WA 98040
1%
Under 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 Jun 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.
