$4,250,000
Est. $22,506/mo5 bd•4 ba•4,148 sq ft
3427 72nd Place Se, Mercer Island, WA 98040
• Listed Aug 11, 2026•42 days active · 42 cumulative
Tour this home
Request tourListing Broker: Coldwell Banker Bain; Sarah Ford; 206-232-4600
Free · no obligation · cancel anytime
Talk to a local RexMont expert
Avg response under 5 mins
Listing Broker: Coldwell Banker Bain; Sarah Ford; 206-232-4600
Skip the search for land and the long road through design and approvals. This fully permitted First Hill offering is an opportunity to purchase a brand-new modern home before construction begins—and still have time to personalize selected finishes with the builder. Designed for modern living, this 4,148 SqFt home offers 5 bedrooms, 4.5 baths, expansive windows, abundant natural light and dramatic volume, including a showstopping two-story living room. Sunny western exposure, covered decks and a rooftop deck create inviting spaces for outdoor living, with lake, mountain and sunset views. The sleek, light-filled kitchen features a generous island, large pantry and premium appliances. The main-floor office with French doors is a perfect work-from-home space. The upper level has 3 bedrooms, including a luxurious primary suite with a private covered deck, western views and spa-inspired bath. The lower level offers a rec room, 4th bedroom and a separate approx. 700 SqFt 1 bedroom 1 bath apartment/ADU. Built by Artoush Homes, an experienced builder committed to thoughtful design, craftsmanship and enduring quality, completion is anticipated by Summer 2027. (NOTE: Renderings in listing are intended to help illustrate the home’s planned style, quality, layout and flow; final finishes and details may vary). Enjoy popular First Hill with tree-lined streets, nearby greenbelt trails to Town Center, the farmers market, shops, cafés and restaurants, and a charming park two blocks away.
Listed by Sarah Ford • Coldwell Banker Bain
Listing updated: September 4, 2026 at 04:27pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2566836
3427 72nd Place 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.
Neighborhood mobility
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.
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.
$24,368 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%.
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
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 5 days.
$4,350,000 Sold
6 weeks ago
5 bd•5.25 ba•~5,028 sq ft•Single Family
4216 83rd Avenue Se, Mercer Island, WA 98040
5%
Under list
211
Days on market
0.9 mi
Distance
$4,350,000 Sold
4 months ago
5 bd•3.5 ba•~4,310 sq ft•Single Family
8371 Se 31st Street, Mercer Island, WA 98040
3%
Under list
64
Days on market
0.7 mi
Distance
$3,700,000 Sold
4 months ago
4 bd•4 ba•~4,863 sq ft•Single Family
8260 Se 31st Street, Mercer Island, WA 98040
7%
Under list
41
Days on market
0.7 mi
Distance
$3,399,999 Sold
4 months ago
4 bd•3.75 ba•~4,100 sq ft•Single Family
6518 Se 28th Street, Mercer Island, WA 98040
0%
Over list
51
Days on market
0.5 mi
Distance
$2,550,000 Sold
4 months ago
4 bd•2.25 ba•~3,580 sq ft•Single Family
2800 68th Avenue Se, Mercer Island, WA 98040
6%
Under list
45
Days on market
0.5 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 Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 4, 2026 at 04:27pm (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.
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
$4,165,000
-$85,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $2.4M and $3.5M.
Rental earnings
$12,500/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.

$2,555,000Last sold price
3021 W Mercer Way, Mercer Island, WA 98040

$2,400,000Last sold price
7929 Se 37th Street, 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.
Source: comparable sales from Northwest MLS via MLS GRID; the estimate itself is computed by RexMont.
More homes in this area that match your range.

$2,350,000
3515 72nd Avenue Se, Mercer Island, WA 98040
Sarah Ford · Coldwell Banker Bain

$4,500,000
2965 74th Avenue Se, Mercer Island, WA 98040
Tere Foster · COMPASS

$5,586,000
3410 W Mercer Way, Mercer Island, WA 98040
Janice Cai · Windermere Bellevue Commons

$3,100,000
4140 Boulevard Place, Mercer Island, WA 98040
Lori Holden Scott · John L. Scott, Inc.

$3,147,000
8431 Se 39th Street, Mercer Island, WA 98040
Daniel Sessoms · COMPASS

$3,495,000
2227 77th Avenue Se, Mercer Island, WA 98040
Grace Yu · The Agency Seattle/Eastside

$4,500,000
2965 74th Avenue Se, Mercer Island, WA 98040
Tere Foster · COMPASS

$3,495,000
2227 77th Avenue Se, Mercer Island, WA 98040
Grace Yu · The Agency Seattle/Eastside

$4,299,995
4024 85th Avenue Se, Mercer Island, WA 98040
Michael Orbino · COMPASS

$3,799,000
3745 88th Avenue Se, Mercer Island, WA 98040
Diane Tien · Realogics Sotheby's Int'l Rlty

$3,785,000
4715 81st Avenue Se, Mercer Island, WA 98040
Lori Holden Scott · John L. Scott, Inc.

$3,500,000
4725 W Mercer Way, Mercer Island, WA 98040
Chelsea Halverson · COMPASS