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Listed by Chelsea Halverson • COMPASS.
FOR SALE

$3,500,000

Est. $19,387/mo

4 bd•3.25 ba•4,010 sq ft

4725 W Mercer Way, Mercer Island, WA 98040

• Listed Jul 30, 2026•181 days active · 181 cumulative

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★★★★★5.0·1,242 Google reviews

Listing Broker: COMPASS; Chelsea Halverson; 206-669-5154; chelsea.halverson@compass.com

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Listing Broker: COMPASS; Chelsea Halverson; 206-669-5154; chelsea.halverson@compass.com

About this home

Perched on Mercer Island with sweeping views of Lake Washington and the Seattle skyline, this one-of-a-kind custom residence blends old-world craftsmanship with timeless Northwest elegance. Built in 1998 and inspired by the grandeur of the iconic Stimson-Green Mansion, this home captures rare architectural detail and vintage charm at every turn. Enter through the custom 8-foot door and marvel at the grand staircase with exact molds detailed from the Stimson-Green Mansion, antique European lighting and rich quarter-sawn oak floors span throughout the entire home - no detail was missed. Designed for both comfort and statement living, the home offers four fireplaces, including three marble gas fireplaces and a dramatic double-sided centerpiece. Expansive windows frame breathtaking views from every room, filling the home with natural light and ever-changing scenery.The exterior is equally remarkable, showcasing hand-molded brick from South Carolina, a cedar shake roof, and original copper flashing and gutters—details that speak to enduring quality and craftsmanship. Outdoors, a tranquil fountain enhances the serene setting. A spacious two-tandem bay garage provides ample storage or flexibility for a home gym, workshop, or creative space. This is more than a home—it’s a rare opportunity to own a piece of artistry, where historic inspiration meets modern livability in an extraordinary Mercer Island setting. Don't miss this custom built home, first time on the market!

Property type
Single Family
Year built
1998
Interior
4,010 sq ft
Lot size
0.3732 acres
Parking
4-car garage
Price / sq ft
$873
Heating90%+ High Efficiency, Forced Air, Heat Pump, Recirculation Pump
Cooling90%+ High Efficiency, Central Air, Forced Air, Heat Pump
Property taxes$23,943.56/yr (est.)
School districtMercer Island

Listed by Chelsea Halverson • COMPASS

Listing updated: October 1, 2026 at 01:13pm

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2562497

Around this home

RexMont OfferEdge™

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4725 W Mercer Way, Mercer Island, WA 98040

List price
$3,500,000
Down payment
$700,000

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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
  • High Tech Cabling
  • Pantry
  • Security System
  • Sprinkler System
  • Vaulted Ceiling(s)
  • Walk-In Closet(s)
  • Water Heater
  • Wine Cellar
  • Wired for Generator
  • 4 fireplaces (gas)
  • Finished basement

Kitchen

  • Dishwasher
  • Disposal
  • Dryer
  • Microwave
  • Refrigerator
  • Stove(s)/Range(s)
  • Washer

Bedrooms

  • 4 bedrooms total
  • 4 upstairs

Bathrooms

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

Layout

  • 2 Stories w/Bsmnt
  • 4,010 sq ft finished
  • 980 sq ft garage

Flooring

  • Hardwood

Heating & cooling

  • 90%+ High Efficiency heating
  • Forced Air heating
  • Heat Pump heating
  • Recirculation Pump heating
  • 90%+ High Efficiency cooling
  • Central Air cooling
  • Forced Air cooling
  • 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
Partial Slope,Sloped
Vegetation
Brush, Garden Space, Wooded
Lot number
19-20
Faces
West

Systems

Energy source
Electric,Natural Gas
Power production
Electric, Natural Gas
Water heater
Gas
Water heater location
Garage
Power company
Puget Sound Energy
Water company
City of Mercer Island
Sewer company
City of Mercer Island
Gas company
Puget Sound Energy
Garbage service
Recology
Irrigation water rights
No

Rooms & extras

Bathtubs
2
Showers
3
Fireplaces on main
3
Fireplaces upstairs
1

New construction

Builder
Odegard Gockel Construction
Square footage source
KCR
Lot size source
KCR

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

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.

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Sales & Tax Records for 4725 W Mercer Way

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. Jul 30, 2026
    Listed
    NWMLS via MLS Grid · #2562497
    $3,500,000
    $873/sq ft
  2. Apr 3, 1997
    Recorded sale
    King County recorder · Statutory warranty deed
    $390,000
    $97/sq ft

Mortgage payment forecast

$22,257 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: COMPASS; Chelsea Halverson; 206-669-5154; chelsea.halverson@compass.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 74 days.

Recent sales nearby

Within 1 mile · last 6 months
  • $1,585,000 Sold

    1 week 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

    0.7 mi

    Distance

  • $3,425,000 Sold

    1 week 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

    0.4 mi

    Distance

  • $2,825,000 Sold

    3 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

    0.5 mi

    Distance

  • $1,450,000 Sold

    3 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

  • $2,075,000 Sold

    4 weeks ago

    4 bd•2.75 ba•~3,180 sq ft•Single Family

    4859 86th Avenue SE, Mercer Island, WA 98040

    1%

    Under list

    31

    Days on market

    0.2 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

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 October 19, 2026 at 9:46 PM 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.

Some IDX listings have been excluded from this website.

© 2026 Northwest Multiple Listing Service. All rights reserved.

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