$4,790,000
Est. $25,572/moPrice reduced $660,000 from the original $5,450,000 asking price
3 bd•3.75 ba•3,670 sq ft
4835 Forest Avenue Se, Mercer Island, WA 98040
• Listed Jul 8, 2026•83 days active · 107 cumulative
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Listing Broker: Windermere Mercer Island; Julie Wilson; 206-225-1500; julie.wilson@windermere.com
About this home
An extraordinary opportunity on Mercer Island’s coveted Gold Coast—now offered at a compelling new price. Its exceptional street-to-water lot encompasses nearly half an acre edged by 53 feet of prized western shoreline. You’ll savor front row views across the lake to the Seattle skyline and Seward Park, arguably among the most breathtaking vistas on the Island. The large covered dock is a boater's dream complete with two boat lifts—one ready to accommodate a vessel up to 50,000 pounds. A grandfathered boathouse at the water's edge is a true rarity that can no longer be replicated under today's shoreline regulations. After a day making memories out on the lake, colorful sunsets carry you home to your waterside lawn and beautifully terraced walkway leading up to even more views from the house. The main residence plus a separate apartment above are offered as a blank canvas ready for your vision…whether that's a thoughtful renovation of the original mid-century design, or a ground-up rebuild to fully capture this irreplaceable setting. Add your signature style and create a new legacy to be loved for generations to come. Waterfront aficionados will recognize this extraordinary, diamond in the rough prospect to secure incredible views, coveted waterfront, and a boater's dock that simply can't be recreated.
Listed by Julie Wilson • Windermere Mercer Island
Listing updated: September 26, 2026 at 10:50am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2551386
Around this home
How much should you offer?
4835 Forest Avenue Se, Mercer Island, WA 98040
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
- Dbl Pane/Storm Window
- Dining Room
- Fireplace
- Fireplace (Primary Bedroom)
- Jetted Tub
- Security System
- Sprinkler System
- Vaulted Ceiling(s)
- Walk-In Closet(s)
- Water Heater
- Wine Cellar
- Wired for Generator
- 3 fireplaces (gas, wood burning)
- Daylight, Partially Finished basement
Kitchen
- Dishwasher
- Disposal
- Double Oven
- Dryer
- Microwave
- Refrigerator
- Stove(s)/Range(s)
- Washer
Bedrooms
- 3 bedrooms total
Bathrooms
- 3 full bathrooms
- 2 half bathrooms
Flooring
- Ceramic Tile
- Vinyl Plank
- Carpet
Heating & cooling
- Baseboard heating
- Ductless heating
- Radiant heating
- Ductless cooling
Neighborhood mobility
Walk, bike & transit scores
Source: Walk Score®, Bike Score® and Transit Score® are provided by Walk Score (walkscore.com), a third-party service. This is not Northwest MLS listing data.
Schools
Ratings via SchoolDiggerMercer Island School District
- Buyer To VerifyPublic · Grades Elementary—
- Islander Middle SchoolPublic · Grades 6-8 · State rank 13 of 53410/10
- Mercer Island High SchoolPublic · Grades 9-12 · State rank 4 of 43810/10
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.
Mortgage payment forecast
$29,364 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: 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%.
Ask about this home
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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 50 days.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 26, 2026 at 10:50am (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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