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Price Reduced Homes for Sale in Mercer Island, WA

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  • /39

    $3,495,000

    $55K PRICE DROP
    • 5 Beds
    • 5.5 Baths
    • 4,901 Sq Ft

    2227 77th Ave SE, Mercer Island, WA 98040

    The Woodland - designed to make everyday living easier. A 5-min walk to a tucked-away Lake Washington waterfront park perfect for a morning paddle, 8 min on foot to light rail, and about 12 min by car to Seattle and 14 to Bellevue, this distinctive Mercer Island home combines timeless design, craftsmanship, and one of the Island's most convenient locations. Filled with natural southwest light,

    Agent Photo

    Grace Yu

    The Agency Seattle/Eastside

    2227 77th Ave SE, Mercer Island, WA 98040
  • /39

    $2,299,000

    $300K PRICE DROP
    • 4 Beds
    • 3.5 Baths
    • 4,530 Sq Ft

    7066 92nd Ave SE, Mercer Island, WA 98040

    Nestled on a quiet private lane just moments from Pioneer Park, this spacious Mercer Island home offers 4530 sq ft of thoughtfully designed living space with exceptional flexibility for today's lifestyle. The functional floor plan features four bedrooms, an office with built-ins, formal living and dining rooms and a versatile bonus room—offering comfortable spaces for living, working, relaxing,

    Tamera Miller Berkshire Hathaway HS NW

    7066 92nd Ave SE, Mercer Island, WA 98040
  • /40

    $2,095,000

    $200K PRICE DROP
    • 4 Beds
    • 3 Baths
    • 2,970 Sq Ft

    7235 87th Ave SE, Mercer Island, WA 98040

    **$200K price improvement!** All the best of Mercer Island is at your fingertips. Just a short stroll from the Mercer Island Country Club, stores, restaurants, & parks, this completely updated 2,970-sq-ft classic Northwest home brings effortless South End convenience to life. Fresh interior & exterior paint pair w/ all-new designer landscaping to deliver striking curb appeal. Inside, soaring

    Christy Beach Redfin

    7235 87th Ave SE, Mercer Island, WA 98040
  • /40

    $3,350,888

    $149K PRICE DROP
    • 4 Beds
    • 4 Baths
    • 4,187 Sq Ft

    3204 72nd Ave SE, Mercer Island, WA 98040

    Meticulously renovated and beautifully appointed, this exceptional home is set on a level, landscaped corner lot in Mercer Island’s coveted First Hill neighborhood. The dramatic main-level great room features soaring beamed ceilings and heated travertine floors, flowing seamlessly between the chef’s kitchen, dining area and family room. The impressive kitchen offers an entertainment-sized island,

    Stephen Macdonald COMPASS

    3204 72nd Ave SE, Mercer Island, WA 98040
  • /14

    $360,000

    $9K PRICE DROP
    • 1 Bed
    • 1 Bath
    • 715 Sq Ft

    2500 81st Ave SE Unit C329, Mercer Island, WA 98040

    Rare opportunity on Mercer Island — a East facing one-bedroom with a private deck all within steps of the light rail station, Park & Ride and Downtown. The open living/dining space features hardwood-look plank flooring, a wall of windows, and seamless flow to the oversized deck. kitchen and bath. Building amenities include elevator, gated entry, laundry, and extra storage. The HOA includes water,

    Bev Watson RE/MAX Eastside Brokers, Inc.

    2500 81st Ave SE Unit C329, Mercer Island, WA 98040
  • /38

    $5,999,000

    $496K PRICE DROP
    • 4 Beds
    • 5 Baths
    • 4,530 Sq Ft

    9418 SE 33rd St, Mercer Island, WA 98040

    Giving major mid-century vibes, this 4,530 SF, 4 bed/5 bath home on Mercer Island's coveted north end is ready for its next caretaker. Perched on a 19,382 SF lot w/ ~60' of low bank waterfront, this one's got it all—incl. a private beach & a lazy river that makes the property uniquely, wonderfully cool. Bathed in light w/ multiple skylights & vaulted ceilings, this home was made for entertaining

    Daniel Gottesman Engel & Voelkers Mercer Island

    9418 SE 33rd St, Mercer Island, WA 98040
  • /40

    $829,900

    $20K PRICE DROP
    • 2 Beds
    • 2 Baths
    • 1,255 Sq Ft

    7549 SE 29th St Unit 103, Mercer Island, WA 98040

    Welcome to Mercer Island living in this beautifully updated, level-entry and end-unit condo in the highly desirable Montesano community. Offering the comfort and space of a single-family home with the convenience of condo living, this residence features an expansive private patio, in-unit laundry, parking for two cars in the garage, and abundant storage throughout. The open-concept floor plan is

    Hung Dom CENTURY 21 Real Estate Center

    7549 SE 29th St Unit 103, Mercer Island, WA 98040
  • /38

    $7,499,988

    $500K PRICE DROP
    • 6 Beds
    • 4.5 Baths
    • 5,163 Sq Ft

    18 Holly Ln, Mercer Island, WA 98040

    Cruise home to a legacy estate on Mercer Island’s coveted Gold Coast—137± ft of private, no-bank Lake Washington frontage on the island’s prized west shore. Designed in 1974 for effortless entertaining, this custom five bedroom residence spans nearly 5,200± sf, centered around an updated kitchen that flows seamlessly to expansive indoor/outdoor gathering spaces. The primary suite enjoys tranquil

    Scott Richards Windermere Real Estate/East

    18 Holly Ln, Mercer Island, WA 98040
  • /28

    $1,795,000

    $100K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,400 Sq Ft

    2434 73rd Ave SE, Mercer Island, WA 98040

    Not every great home needs to be big. Sometimes it just needs to be exactly right. Tucked away on a quiet private lane in Mercer Island's coveted First Hill neighborhood, this beautifully remodeled rambler proves that thoughtful design always wins. Reimagined by RKK Construction, every inch has been carefully considered, creating bright, open spaces that feel welcoming from the moment you walk

    Lori Holden John L. Scott, Inc.

    2434 73rd Ave SE, Mercer Island, WA 98040
  • /40

    $1,699,500

    Open Sun 1PM - 4PM $300K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,986 Sq Ft

    8526 E Mercer Way, Mercer Island, WA 98040

    INCREDIBLE OPPORTUNITY TO BUY A BEAUTIFUL LAKE VIEW HOME UNDER $1.7 MILLION. SEEING IS BELIEVING :-) Experience the pinnacle of Mercer Island living in this charming 3-bedroom 3-bathroom mid-century retreat, boasting stunning, serene views of Lake Washington. Flooded with natural light through expansive windows, the open-concept living space features vaulted ceilings and seamlessly connects to a

    Jimmy Pliego John L. Scott, Inc.

    8526 E Mercer Way, Mercer Island, WA 98040
  • /20

    $580,000

    $50K PRICE DROP
    • 2 Beds
    • 2 Baths
    • 1,287 Sq Ft

    7600 SE 29th St Unit A311, Mercer Island, WA 98040

    Located in a PRIME walkable location! This third-floor corner unit with only one shared wall offers a rare combination of privacy, comfort, and convenience. The 2 bed/1.75 bath home features a fully updated kitchen (updated in 2023) with granite countertops and stainless appliances, opening into a comfortable living and dining space. The primary suite is generously sized with a walk-in closet and

    Melanie Ghadamy Real Broker LLC

    7600 SE 29th St Unit A311, Mercer Island, WA 98040
  • /37

    $1,799,500

    $51K PRICE DROP
    • 4 Beds
    • 2.5 Baths
    • 2,495 Sq Ft

    8430 SE 45th St, Mercer Island, WA 98040

    Turnkey and extensively remodeled, this beautifully refreshed Mid-Island Mercer Island home offers exceptional quality, comfort and sophisticated modern living. Set on a generous 9,600-SF lot, the 2,495sf residence features 4 bedrooms, 2.5 baths, a spacious 2-car garage and an inviting, light-filled floor plan. Brand new Sherwin-William Emerald Rain Refresh Self-Cleaning exterior paint completed

    Xin Liu WeLakeside

    8430 SE 45th St, Mercer Island, WA 98040
  • /39

    $3,875,000

    Open Thu 3PM - 6PM $775K PRICE DROP
    • 5 Beds
    • 3.5 Baths
    • 4,330 Sq Ft

    7712 89th Place SE, Mercer Island, WA 98040

    Perched above Lake Washington in one of the Island’s most peaceful neighborhoods, this extensively remodeled luxury home captures sweeping views of Lake Washington, Mount Rainier, and the Cascade Mountains. Thoughtfully reimagined with exceptional craftsmanship, custom finishes, and state-of-the-art systems, every detail has been curated for elevated Northwest living including a sprawling deck

    Sean Nielsen Engel & Voelkers Mercer Island

    7712 89th Place SE, Mercer Island, WA 98040
  • /14

    $700,000

    $50K PRICE DROP
    • Land
    • 17,602 Sq Ft
    • $1,732,244 per Acre

    8114 W Mercer Way, Mercer Island, WA 98040

    Discover an exceptional opportunity to create your vision on this 17,603-square-foot homesite, ideally positioned at the top of a private street just off desirable W Mercer Way. Tucked into a peaceful setting, this property offers a rare combination of privacy, seclusion, and captivating lake and mountain views. With utilities conveniently available in the street, the groundwork is in place to

    Troy Lehman Redfin

    8114 W Mercer Way, Mercer Island, WA 98040
  • /36

    $5,665,000

    $360K PRICE DROP
    • 6 Beds
    • 5.5 Baths
    • 6,005 Sq Ft

    9818 SE 42nd Place, Mercer Island, WA 98040

    Pristinely and thoughtfully elevated beyond its original design, this gorgeous NW Contemporary strikes a rare balance; modern in form, yet warm, livable, and effortlessly inviting. Expansive yet intentional, the home unfolds through a series of beautifully scaled spaces designed for both connection and retreat. Six bedrooms offer the ultimate flexibility, suitable for guests or dedicated

    Shawna Ader Windermere Real Estate Midtown

    9818 SE 42nd Place, Mercer Island, WA 98040
  • /40

    $2,698,000

    $152K PRICE DROP
    • 5 Beds
    • 4 Baths
    • 3,900 Sq Ft

    6924 96th Ave SE, Mercer Island, WA 98040

    Beautifully connected to light, nature and an expansive Lake Washington view, this midcentury modern home is something truly special. Vaulted ceilings and clerestory windows fill the interiors with sunlight, while warm hardwood floors and a dramatic floor to ceiling stone fireplace preserve the character of its original design. The living and dining rooms are open and inviting, with a spacious

    Lori Holden John L. Scott, Inc.

    6924 96th Ave SE, Mercer Island, WA 98040
  • /18

    $6,200,000

    $600K PRICE DROP
    • Land
    • 24,755 Sq Ft
    • $10,909,731 per Acre

    7220 N Mercer Way, Mercer Island, WA 98040

    One of Mercer Island's rarest offerings—a prime half-acre waterfront parcel on the sought-after North End with 82+ feet of private shoreline, a U-shaped covered dock with deep-water moorage, and an exceptional opportunity to create a legacy waterfront estate. Behind a gated entry, the property captures sweeping views of the Bellevue skyline and the tranquil waters of Lake Washington, with lush

    Alice On Wonderland Real Estate

    7220 N Mercer Way, Mercer Island, WA 98040
  • /40

    $2,375,000

    $125K PRICE DROP
    • 5 Beds
    • 5.5 Baths
    • 4,100 Sq Ft

    4739 Fernridge Ln, Mercer Island, WA 98040

    A Swiss Mountain Lodge or French Alps Chalet? Driving uphill on narrow and steep rd, the lake view property sits on hilltop. Spanish tiles & tri-color exterior make it visually interesting. Tree house like, updated PNW lodge of 4,100+ sq ft with 5 bedrms, 5.5 bathrms. Double entrance doors lead to dramatic 2-story living room, soaring 22’ open-beams & cedar ceilings, a wall of 42 glass panels w/

    Xin Liu WeLakeside

    4739 Fernridge Ln, Mercer Island, WA 98040
  • /34

    $4,299,995

    New Construction $100K PRICE DROP
    • 5 Beds
    • 4.5 Baths
    • 4,474 Sq Ft

    4024 85th Ave SE, Mercer Island, WA 98040

    Brand new construction, west facing home just completed by American Classic Homes; headquartered on Mercer Island and one of the region's most respected builders for over 30 years. The Oakmont plan is a phenomenal layout that blends traditional design best practices with modern living. From the moment you step through the foyer you'll be captivated by the double height wall of windows that bathe

    Michael Orbino COMPASS

    4024 85th Ave SE, Mercer Island, WA 98040
  • /32

    $4,790,000

    $660K PRICE DROP
    • 3 Beds
    • 4 Baths
    • 3,670 Sq Ft

    4835 Forest Ave SE, Mercer Island, WA 98040

    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

    Julie Wilson Windermere Mercer Island

    4835 Forest Ave SE, Mercer Island, WA 98040
  • /33

    $1,898,000

    $100K PRICE DROP
    • 4 Beds
    • 3 Baths
    • 3,240 Sq Ft

    3621 81st Ave SE, Mercer Island, WA 98040

    Lake views in a prime Lucas Hill location! Don’t let its diminutive front profile deceive you...this home offers a surprising amount of space and so much potential. Add your own signature updates to its classic mid-century design or start fresh on the nearly quarter acre lot with scenery stretching all the way to Lake Washington. Expansive gathering spaces are spanned by windows and a deck all

    Joe Liu Windermere Mercer Island

    3621 81st Ave SE, Mercer Island, WA 98040
  • /38

    $1,780,000

    $218K PRICE DROP
    • 4 Beds
    • 2.5 Baths
    • 2,530 Sq Ft

    7520 86th Ave SE, Mercer Island, WA 98040

    Light-filled, welcoming & wonderfully livable, this beautifully maintained home offers comfort, versatility & privacy in sought-after MI Estates. Soaring vaulted ceilings & abundant windows fill the home w/ natural light, while all 4 bedrooms & laundry are conveniently located on one level.The vaulted living room, anchored by a fireplace, flows into the dining area, creating an inviting space for

    Debbie Constantine John L. Scott, Inc.

    7520 86th Ave SE, Mercer Island, WA 98040

Home Price Trends

Median Sale Price
$2,360,000
Median Single Family Sale Price
$2,585,000
Median Townhouse Sale Price
$1,215,000
Median 2 Bedroom Sale Price
$680,000
Median 1 Bedroom Sale Price
$400,475
Average Price Per Sq Ft
$880
Number of Homes for Sale
22
Last 12 months Home Sales
226
Months of Supply
4.60
Median List Price
$2,520,300
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
0%
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