$1,600,000
Est. $8,671/mo6427 E Mercer Way, Mercer Island, WA 98040
• Listed Jul 23, 2026•109 days active · 109 cumulative
Listing Broker: Real Residential; Michele Schuler; 206-992-2013; michele@theschulerteam.com
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Listing Broker: Real Residential; Michele Schuler; 206-992-2013; michele@theschulerteam.com
About this home
Rare opportunity to acquire one of Mercer Island's few fully permitted, construction-ready custom homesites. Included with the sale are approved architectural plans by Seattle-based Citizen Design and building permits for a thoughtfully designed modern residence, allowing buyers to bypass years of design, engineering, permitting and uncertainty while still participating in select finish selections before construction begins. The planned home blends timeless architecture with refined interiors and spaces designed for modern living. Expansive gathering areas connect seamlessly to covered outdoor living, anchored by a chef's kitchen with an oversized island, butler's pantry, dedicated office, main-floor guest suite and functional mudroom. Upstairs, the private primary retreat offers dual walk-in closets and a spa-inspired bath with heated floors, soaking tub and oversized shower, plus three additional bedrooms, two baths and a spacious laundry room. The lower level features a theater, recreation room, wet bar and guest suite with private exterior access. White oak flooring, rift-cut oak cabinetry, natural stone, handmade tile and brushed brass fixtures create a warm, timeless palette inspired by the Pacific Northwest. An extraordinary opportunity to skip years of planning while retaining the ability to personalize select finishes before construction begins. Permit included with sale, offering a rare path to exceptional new home in one of Mercer Island's most coveted settings
Listed by Michele Schuler • Real Residential
Listing updated: October 19, 2026 at 03:16pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2559421
Around this home
How much should you offer?
6427 E Mercer Way, 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
Layout
- Res-Less thn 1 Ac
Schools
Ratings via SchoolDiggerMercer Island School District
- Island Park ElementaryPublic · Grades K-5 · State rank 9 of 1,13810/10
- Islander Middle SchoolPublic · Grades 6-8 · State rank 9 of 51410/10
- Mercer Island High SchoolPublic · Grades 9-12 · State rank 2 of 39610/10
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.
Vacant land facts
As entered by the listing broker on Northwest MLS
Lot
- Acres
- 0.36 acres
- Lot square feet
- 15,812 sq ft
- Topography
- See Remarks
- Vegetation
- See Remarks
- Lot details
- Paved
Zoning & use
- Zoning code
- R-15
- Zoning description
- Residential
- Zoning jurisdiction
- City
- Possible use
- Residential
- Restrictions
- CC&R
- Easements
- Utility, Road
Utilities
- Utilities
- Electricity Available, Natural Gas Available
- Electricity
- In Street
- Gas
- In Street
- Water
- Available, In Street
- Water jurisdiction
- City of Mercer island
- Sewer
- In Street
- Septic design applied
- No
- Septic installed
- No
Road & access
- Road information
- Access Easement
Surveys & reports
- Survey
- Provided
- Public land survey
- NE-30-24-5
- Sketch submitted
- Yes
- Reports and documents completed
- Drainage,Geotech,See Remarks,Topographical
Water & irrigation
- Waterfront
- No
- Irrigation water rights
- No
Taxes & assessment
- Annual taxes
- $6,141
- Tax year
- 2026
- Senior exemption
- No
- Financing
- Cash, Conventional
- Seller disclosure
- Exempt
- Preliminary title ordered
- Yes
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 6427 E Mercer Way
NWMLS via MLS GridEvery 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.
- Jul 23, 2026ListedNWMLS via MLS Grid · #2559421$1,600,000
- Jul 23, 2026ListedNWMLS via MLS Grid · #2559422$4,995,000
Mortgage payment forecast
$9,583 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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Listing Broker: Real Residential; Michele Schuler; 206-992-2013; michele@theschulerteam.com
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 80 days.
Recent sales nearby
Within 1 mile · last 6 months$1,885,000 Sold
3 weeks ago
4 bd•2.25 ba•~2,570 sq ft•Single Family
9116 SE 72nd Place, Mercer Island, WA 98040
1%
Under list
42
Days on market
0.5 mi
Distance
$5,700,000 Sold
4 weeks ago
4 bd•3.25 ba•~3,685 sq ft•Single Family
6952 96th Avenue SE, Mercer Island, WA 98040
3%
Under list
70
Days on market
0.4 mi
Distance
$3,285,000 Sold
5 weeks 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
0.6 mi
Distance
$2,650,000 Sold
5 weeks 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
0.9 mi
Distance
$6,923,300 Sold
5 weeks ago
5 bd•3.75 ba•~4,812 sq ft•Single Family
6922 96th Avenue SE, Mercer Island, WA 98040
13%
Under list
112
Days on market
0.4 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 Nov 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of November 9, 2026 at 10:58 AM PT (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.
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© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
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