Listed by COMPASS
$6,750,000

7226 N Mercer Way Mercer Island, WA 98040

North Mercer Neighborhood

Estimated payment $41,444/month

Total Views 2,020
3 Beds
3.5 Baths
4,583 Sq Ft
$1,473 Price per Sq Ft

Highlights

  • Very Popular Property
  • 82 Feet of Waterfront
  • Lake View
  • Northwood Elementary School Rated A
  • Docks
  • Deck

About This Home

An extraordinary statement of mid century modern style with sweeping views of Lake Washington at this renovated waterfront designed by renowned architect Reid A. Morgan. Ideally placed on the north end, this lakefront residence features walls of glass framing water views from dawn to dusk. The two-story great room and outdoor living spaces offer a front-row seat to boaters, sunsets & the ever growing downtown Bellevue skyline. 82 feet of waterfront & shared dock with lift. Indoors, the floor plan offers an updated, view kitchen, boasts two primary suites + office + den + exercise/rec room. Lush grounds originally designed by Robert Chittock. Just a three-minute drive to town!

Listing Agent

Tere Foster

COMPASS License #7690

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2364697

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $46,087

Year Built

  • Built in 1968

Lot Details

  • 0.31 Acre Lot
  • 82 Feet of Waterfront
  • Lake Front
  • Partially Fenced Property
  • Terraced Lot
  • Garden

Parking

  • 2 Car Attached Garage
  • Driveway

Property Views

  • Lake
  • City
  • Territorial

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 4,583 Sq Ft Home
  • 2-Story Property
  • Skylights
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Gas Fireplace
  • French Doors
  • Dining Room
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Walk-In Pantry
  • Double Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Engineered Wood
  • Carpet
  • Laminate
  • Marble

Bedrooms and Bathrooms

  • Bathroom on Main Level
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows

Outdoor Features

  • Docks
  • Deck
  • Patio

Location

  • Property is near public transit

Schools

  • Northwood Elementary School
  • Islander Mid Middle School
  • Mercer Isl High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Radiant Heating System
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • North End Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5315100042

Home Details

Home Type

Single Family

Est. Annual Taxes

$46,087

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 18 - 2 Stories w/Bsmnt
  • Year Built: 1968
  • Inclusions: Dishwasher(s),Double Oven,Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),See Remarks,Stove(s)/Range(s),Washer(s)
  • MLS Status: Active
  • Prev Status: Active
  • Architectural Style: Northwest Contemporary
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 4583
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DetachedDwellingSqFtFinished: 0
  • Special Features: None
  • Cumulative Days on Market: 6

Interior Features

  • Fireplaces: 2
  • Basement: Daylight, Finished
  • Appliances: Dishwasher(s), Disposal, Double Oven, Dryer(s), Microwave(s), Refrigerator(s), See Remarks, Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Upper (2nd Floor)
  • Fireplace Features: Gas, Wood Burning
  • Fireplace: Yes
  • Flooring: Engineered Hardwood, Laminate, Marble, Carpet
  • Interior Amenities: Bath Off Primary, Double Pane/Storm Window, Dining Room, Fireplace, French Doors, Jetted Tub, Security System, Skylight(s), Walk-In Pantry, Water Heater
  • Living Area: 4583
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Bathrooms: 3.25
  • BathsFullMain: 1
  • FireplacesMain: 2
  • SquareFootageFinished: 4583
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 1
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 1
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 1
  • BedroomsUpper: 1
  • AppliancesIncluded: Dishwasher(s),Double Oven,Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),See Remarks,Stove(s)/Range(s),Washer(s)
  • NWM_NumberOfBathtubs: 2
  • NWM_NumberOfShowers: 3

Exterior Features

  • Roof: Flat, See Remarks
  • View: City, Lake, Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: House
  • BusLineNearby: true
  • WaterfrontFootage: 82

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: Central A/C, Forced Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Heat Pump, Radiant
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Mercer Island
  • WaterCompany: City of Mercer Island
  • WaterHeaterLocation: Lower Level
  • WaterHeaterType: Gas
  • CableConnected: Xfinity
  • InternetConnected: Xfinity

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Mercer Island
  • High School: Mercer Isl High
  • Middle Or Junior School: Islander Mid

Lot Info

  • Parcel Number: 5315100042
  • Topography: Partial Slope,Terraces
  • Land Lease: No
  • Lot Size Acres: 0.311
  • Lot Size Sq Ft: 13549
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Dock,Fenced-Partially,Gas Available,High Speed Internet,Moorage,Patio
  • MLSLotSizeSource: Public records
  • MLSSquareFootageSource: Measured/Buyer to verify

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2025
  • Tax Annual Amount: 46087

Multi Family

  • EnergySource: Electric,Natural Gas

MLS Schools

  • Elementary School: Northwood Elem

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $46,088 $7,040,000 $5,450,000 $1,590,000
2023 $45,501 $6,611,000 $5,142,000 $1,469,000
2022 $42,852 $7,788,000 $5,785,000 $2,003,000
2021 $41,130 $5,821,000 $4,762,000 $1,059,000
2020 $41,821 $5,140,000 $4,536,000 $604,000
2018 $40,046 $4,783,000 $4,236,000 $547,000
2017 $34,955 $4,617,000 $4,074,000 $543,000
2016 $32,514 $4,296,000 $3,724,000 $572,000
2015 $31,323 $3,891,000 $3,371,000 $520,000
2014 -- $3,582,000 $3,116,000 $466,000
2013 -- $3,272,000 $3,042,000 $230,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 For Sale $6,750,000 -- $1,473 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed $2,500,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $0 New Conventional
Open $390,000 Credit Line Revolving
Open $1,427,000 New Conventional
Closed $1,400,000 Seller Take Back
Source: Public Records

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See All Homes in Mercer Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2364697

Northwest Multiple Listing Service (NWMLS)

APN: 531510-0042

Washington King County Mercer Island 98040 North Mercer

7226 N Mercer Way, Mercer Island, WA

Homes for Sale in Mercer Island, WA

This home is located at 7226 N Mercer Way, Mercer Island, WA 98040 and is currently priced at $6,750,000, approximately $1,472 per square foot. This property was built in 1968. 7226 N Mercer Way is a home located in King County with nearby schools including Northwood Elementary School, Islander Middle School, and Mercer Island High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

Tere Foster
Listing Agent
Tere Foster
Section Image
COMPASS
(425) 637-8373