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Listed by Tere Foster • COMPASS.
FOR SALE

$4,500,000

Est. $24,926/mo

5 bd•5.25 ba•4,603 sq ft

2965 74th Avenue SE, Mercer Island, WA 98040

• Listed Aug 18, 2026•36 days active · 36 cumulative

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★★★★★5.0·1,242 Google reviews

Listing Broker: COMPASS; Tere Foster; 425-637-8373; teamfoster@fosterrealty.com

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Listing Broker: COMPASS; Tere Foster; 425-637-8373; teamfoster@fosterrealty.com

About this home

A rare opportunity to secure a luxury Mercer Island residence crafted by Helix Design Build, a premier local builder celebrated for refined architecture, exceptional craftsmanship, and elevated Northwest living. Scheduled for completion in 2027, this two-story modern home blends clean lines, warm natural materials, and curated luxury finishes to create a timeless yet contemporary retreat. The main floor is designed for effortless everyday living, anchored by a dramatic great room with floor-to-ceiling glass and seamless indoor-outdoor flow. The island kitchen features custom cabinetry, premium appliances, and an impressive, oversized pantry ideal for storage and entertaining. The primary suite on the main level offers a serene escape with a spa-inspired bath and generous walk-in closet. A main-floor guest suite adds flexibility for visitors or multi-generational living. Upstairs, a secondary suite plus two additional large ensuite bedrooms and a spacious bonus room provide room to grow, play, and unwind — perfectly suited for modern lifestyles. Smart-home technology, luxury finishes, and Helix’s signature attention to detail elevate every space. Spacious 3 car garage on level lot with south facing back yard set on a quiet Mercer Island street surrounded by greenery and top-tier schools, this presale opportunity allows buyers to personalize finishes and experience the craftsmanship Helix Design Build is known for. Photo gallery includes pictures from Helix Design model homes.

Property type
Single Family
Year built
2027
Interior
4,603 sq ft
Lot size
0.3152 acres
Parking
3-car garage
Price / sq ft
$978
Heating90%+ High Efficiency, Forced Air
Cooling90%+ High Efficiency, Central Air, Forced Air
Property taxes$1/yr (est.)
School districtMercer Island

Listed by Tere Foster • COMPASS

Listing updated: September 22, 2026 at 06:41pm

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2570703

Around this home

RexMont OfferEdge™

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2965 74th Avenue SE, Mercer Island, WA 98040

List price
$4,500,000
Down payment
$900,000

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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

  • Second Primary Bedroom
  • Bath Off Primary
  • Fireplace
  • High Tech Cabling
  • Pantry
  • Security System
  • Sprinkler System
  • Walk-In Closet(s)
  • Water Heater
  • Wet Bar
  • Fireplace (gas)

Kitchen

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

Bedrooms

  • 5 bedrooms total
  • 2 on the main level
  • 3 upstairs

Bathrooms

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

Layout

  • 2 Story
  • 4,603 sq ft finished
  • 855 sq ft garage

Flooring

  • Ceramic Tile
  • Engineered Hardwood
  • Carpet

Heating & cooling

  • 90%+ High Efficiency heating
  • Forced Air heating
  • 90%+ High Efficiency cooling
  • Central Air cooling
  • Forced Air 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
Level
Zoning jurisdiction
City
Faces
North

Systems

Energy source
Electric,Natural Gas
Power production
Electric, Natural Gas
Water heater
Gas
Water heater location
Mechanical Closet
Power company
Puget Sound Energy
Water company
City of Mercer Island
Sewer company
City of Mercer Island
Gas company
Puget Sound Energy
Irrigation water rights
No

Rooms & extras

Bathtubs
2
Showers
5
Fireplaces on main
1
Excluded items
No

New construction

New construction state
Presale
Estimated completion
Jul 1, 2027
Builder
Helix Design Build
Square footage source
Architectural Plans
Lot size source
Tax Records
Effective year built source
Public Records

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.

Members

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Sales & Tax Records for 2965 74th Avenue SE

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. Aug 18, 2026
    Listed
    NWMLS via MLS Grid · #2570703
    $4,500,000
    $978/sq ft
  2. Mar 27, 2026
    Sold
    NWMLS via MLS Grid · #2371837
    $1,780,000
    $387/sq ft
  3. Nov 2, 2025
    Pending
    NWMLS via MLS Grid · #2371837
    $1,780,000
    $387/sq ft
  4. Oct 14, 2025
    Listed
    NWMLS via MLS Grid · #2371837
    $1,780,000
    $387/sq ft
  5. Sep 6, 2023
    Sold
    NWMLS via MLS Grid · #2149139
    $1,650,000
    $358/sq ft
  6. Aug 20, 2023
    Pending
    NWMLS via MLS Grid · #2149139
    $1,650,000
    $358/sq ft

Mortgage payment forecast

$26,051 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; Tere Foster; 425-637-8373; teamfoster@fosterrealty.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
  • $3,915,000 Sold

    6 days ago

    5 bd•3.25 ba•~4,130 sq ft•Single Family

    3045 71st Avenue SE, Mercer Island, WA 98040

    12%

    Over list

    35

    Days on market

    0.1 mi

    Distance

  • $2,100,000 Sold

    2 weeks ago

    4 bd•2.5 ba•~2,370 sq ft•Single Family

    3715 81st Avenue SE, Mercer Island, WA 98040

    5%

    Under list

    48

    Days on market

    0.6 mi

    Distance

  • $2,300,000 Sold

    2 weeks ago

    3 bd•1.75 ba•~1,900 sq ft•Single Family

    7529 SE 40th Street, Mercer Island, WA 98040

    21%

    Over list

    15

    Days on market

    0.6 mi

    Distance

  • $1,852,500 Sold

    3 weeks ago

    4 bd•3 ba•~3,490 sq ft•Single Family

    6605 SE 24th Street, Mercer Island, WA 98040

    7%

    Under list

    12

    Days on market

    0.5 mi

    Distance

  • $3,420,000 Sold

    5 weeks ago

    5 bd•4.5 ba•~3,930 sq ft•Single Family

    3237 74th Avenue SE, Mercer Island, WA 98040

    0%

    Over list

    —

    Days on market

    0.1 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 6:59 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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