8428 N Mercer Way Mercer Island, WA 98040
North Mercer NeighborhoodEstimated payment $48,513/month
Highlights
- Low Bank Waterfront Property
- Docks
- Lake View
- Northwood Elementary School Rated A
- Spa
- Deck
About This Home
The epitome of waterfront living on Mercer Island's tranquil north shore. This rare rambler-style beach house offers a serene retreat with 4 bedrooms, including a primary suite boasting stunning views & 5-piece bath. The 85ft of private low-bank waterfront & sandy beach provide the perfect escape. Luther Burbank Park borders the west side, enhancing the natural beauty of the surroundings. Private dock w/covered boat & jet ski lifts offer unparalleled convenience. Spacious backyard features a large deck,Viking grill, sportcourt, hot tub, and panoramic views of Mt. Rainier & the Eastside. With an attached 3-car garage, this home seamlessly combines luxury with practicality. Newly refinished hardwood floors.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2353107
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $48,267
Year Built
- Built in 1986
Lot Details
- 0.45 Acre Lot
- Low Bank Waterfront Property
- 85 Feet of Waterfront
- Lake Front
- Cul-De-Sac
- Street terminates at a dead end
- Dog Run
- Partially Fenced Property
- Secluded Lot
- Level Lot
- Sprinkler System
- Garden
Parking
- 3 Car Attached Garage
Home Design
- Shake Roof
- Wood Siding
Interior Spaces
- 3,900 Sq Ft Home
- 1-Story Property
- Wet Bar
- Central Vacuum
- Ceiling Fan
- Skylights
- 3 Fireplaces
- Wood Burning Fireplace
- Gas Fireplace
- French Doors
- Dining Room
- Lake Views
Kitchen
- Double Oven
- Stove
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Marble
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- Walk-In Closet
- Bathroom on Main Level
- Hydromassage or Jetted Bathtub
- Spa Bath
Laundry
- Dryer
- Washer
Home Security
- Home Security System
- Storm Windows
Outdoor Features
- Spa
- Docks
- Sport Court
- Deck
- Patio
Location
- Property is near public transit
- Property is near a bus stop
Schools
- Islander Mid Middle School
- Mercer Isl High School
Utilities
- Heat Pump System
- High Speed Internet
- High Tech Cabling
Community Details
- No Home Owners Association
- Mercer Island Subdivision
Listing and Financial Details
- Assessor Parcel Number 8106100010
Map
Home Values in the Area
Average Home Value in this Area
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 | $48,889 | $7,468,000 | $4,415,000 | $3,053,000 |
| 2023 | $48,267 | $7,013,000 | $4,166,000 | $2,847,000 |
| 2022 | $46,178 | $8,393,000 | $4,687,000 | $3,706,000 |
| 2021 | $44,322 | $6,273,000 | $3,858,000 | $2,415,000 |
| 2020 | $42,302 | $5,539,000 | $3,675,000 | $1,864,000 |
| 2018 | $43,905 | $5,244,000 | $3,433,000 | $1,811,000 |
| 2017 | $37,070 | $5,062,000 | $3,301,000 | $1,761,000 |
| 2016 | $34,477 | $4,556,000 | $3,018,000 | $1,538,000 |
| 2015 | $33,212 | $4,126,000 | $2,732,000 | $1,394,000 |
| 2014 | -- | $3,798,000 | $2,525,000 | $1,273,000 |
| 2013 | -- | $3,641,000 | $2,688,000 | $953,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | For Rent | $12,000 | 0.0% | -- |
| 07/22/2025 07/22/25 | Price Changed | $8,500,000 | -5.3% | $2,179 / Sq Ft |
| 03/31/2025 03/31/25 | For Sale | $8,980,000 | -- | $2,303 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | First American Title | |
| Warranty Deed | $3,550,000 | First American | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $3,556,000 | Chicago Title Insurance Co | |
| Warranty Deed | $1,835,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,788,000 | Adjustable Rate Mortgage/ARM | |
| Closed | $2,000,000 | Adjustable Rate Mortgage/ARM |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2353107
APN: 810610-0010
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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 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID
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