Listed by Engel & Voelkers Mercer Island
$7,300,000

Estimated payment $42,129/month

Total Views 11,681
1.25 Acres
$5,830,205 Price per Acre
54,541 Sq Ft Lot

Highlights

  • Low Bank Waterfront Property
  • Lake View
  • Clubhouse
  • Newport Heights Elementary School Rated A
  • 1.25 Acre Lot
  • Cul-De-Sac

About This Lot

Opportunities like this are Nearly Extinct - 1.25 acre Buildable site with 175 feet of low bank waterfront + 100' ft dock for your yacht or personal watercraft. Room for an 18 car garage. A rare blank canvas - The foundation is in place, but you decide the home’s final design, Commanding Views of the water, East Channel Bridge, Mercer Island, and Beaux Arts. Located minutes from DT Seattle or Bellevue, yet feels like a private retreat. #1 school district in the state. Two sets of permits, one expired, one in process = time and cost saving advantage. Too many bonuses to list. Price includes land, Plans, permits + improvements. Cost to complete the home starts at 3m. The freedom to build your legacy on the area's largest lake awaits

Listing Agent

Mick Hanson

Engel & Voelkers Mercer Island License #106643 Listed on: 10/01/2025

Engel & Voelkers Mercer Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2440167

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $45,587

Lot Details

  • 1.25 Acre Lot
  • Low Bank Waterfront Property
  • 175 Feet of Waterfront
  • Lake Front
  • Cul-De-Sac
  • Level Lot

HOA Fees

  • $120 Monthly HOA Fees

Property Views

  • Lake Views

Schools

  • Newport Heights Elementary School
  • Tyee Mid Middle School
  • Newport Snr High School

Listing and Financial Details

  • Assessor Parcel Number 6072800110

Community Details

Overview

  • Association fees include common area maintenance
  • Newport Shores Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Clubhouse

Recreation

  • Community Playground
  • Trails

Property Details

Property Type

Land

Est. Annual Taxes

$45,587

Lot Details

0

HOA Fees

$120 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 41 - Res-Over 1 Acre
  • MLS Status: Active
  • Prev Status: Active
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • PropertyFeatures: Irrigation
  • Restrictions: CC&R
  • Improvements: Cabana/Gazebo,Dock,Driveway,Fenced-Fully
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • View: Lake
  • Lot Features: Cul-De-Sac, Paved, Sidewalk
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront Features: Low Bank, Lake
  • Waterfront: Yes
  • Structure Type: Unspecified
  • RoadInformation: Paved
  • WaterfrontFootage: 175
  • WaterAccess: Deeded Access

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: On Property
  • Water Source: On Property
  • Cooling Y N: No
  • Heating Yn: No
  • Electricity On Property: Yes
  • Utilities: Electricity Connected, Natural Gas Available, See Remarks
  • ElectricityStatus: On Property
  • GasStatus: On Property

Condo/Co-op/Association

  • Community Features: CCRs, Club House, Playground, Trail(s)
  • Senior Community: No
  • Association Fee: 120
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Area Maintenance, See Remarks
  • NWM_OtherDuesOrFeesYN: true

Schools

  • Junior High Dist: Bellevue
  • High School: Newport Snr High
  • Middle Or Junior School: Tyee Mid

Lot Info

  • Parcel Number: 6072800110
  • Topography: Level
  • Lot Size Acres: 1.2521
  • Lot Size Sq Ft: 54541
  • Zoning Description: Residential
  • Zoning: R2.5
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Tax
  • ZoningJurisdiction: City

Tax Info

  • Year: 2025
  • Tax Annual Amount: 45587.37

MLS Schools

  • Elementary School: Newport Heights 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 $45,587 $6,220,000 $6,163,000 $57,000
2023 $42,820 $5,481,000 $5,430,000 $51,000
2022 $41,619 $6,726,000 $6,663,000 $63,000
2021 $47,344 $5,073,000 $5,010,000 $63,000
2020 $50,629 $5,478,000 $4,922,000 $556,000
2018 $43,843 $5,211,000 $4,507,000 $704,000
2017 $34,684 $4,767,000 $4,098,000 $669,000
2016 $31,381 $3,976,000 $3,307,000 $669,000
2015 $31,693 $3,571,000 $2,980,000 $591,000
2014 -- $3,571,000 $2,980,000 $591,000
2013 -- $3,752,000 $2,980,000 $772,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/01/2025 10/01/25 For Sale $7,300,000 +36.4% --
12/20/2019 12/20/19 Sold $5,350,000 -15.1% $896 / Sq Ft View Prior Sale
10/31/2019 10/31/19 Pending -- -- --
10/09/2019 10/09/19 For Sale $6,300,000 -- $1,055 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $5,350,000 Chicago Title
Interfamily Deed Transfer -- None Available
Warranty Deed $1,100,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,499,999 New Conventional
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2440167

Northwest Multiple Listing Service (NWMLS)

APN: 607280-0110