Prime 13,500 sq ft level lot on Mercer Island’s coveted north end! Perfectly oriented for both morning and evening sun, this expansive property offers endless possibilities—build your dream home or reimagine the existing structure to suit your vision. Currently used as a school, the home will need updates to convert back to residential use. Enjoy privacy and convenience near Northwood & West Mercer Elementary, MIHS, Boys & Girls Club, parks, indoor pool, and downtown Mercer Island. A rare, flat lot with incredible potential—bring your builder and architect! Home is occupied—appointment required to view.
Pending feasibility
Listed by:
Steven P. Craig,
John L. Scott, Inc.,
Johanna Craig,
John L. Scott, Inc.
$1,695,000
4025 86th Avenue SE, Mercer Island, WA 98040
2beds
1,440sqft
Est.:
Single Family Residence
Built in 1953
0.31 Acres Lot
$1,625,700 Zestimate®
$1,177/sqft
$-- HOA
What's special
Morning and evening sunLevel lotFlat lotExpansive property
- 56 days |
- 628 |
- 12 |
Zillow last checked: 8 hours ago
Listing updated: December 01, 2025 at 09:29pm
Listed by:
Steven P. Craig,
John L. Scott, Inc.,
Johanna Craig,
John L. Scott, Inc.
Source: NWMLS,MLS#: 2444397
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Other
- Level: Main
Heating
- Forced Air, Electric, Natural Gas
Cooling
- Forced Air, Wall Unit(s)
Appliances
- Included: Water Heater: Gas
Features
- Flooring: Hardwood
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 1,440
- Total interior livable area: 1,440 sqft
Property
Parking
- Parking features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Water Heater
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.31 Acres
- Features: Paved, Value In Land, Fenced-Fully, Gas Available, Patio
- Topography: Level
Details
- Parcel number: 5450300180
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick, Wood Siding
- Roof: Composition
Condition
- Year built: 1953
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: Mercer Island
- Water: Public, Company: Mercer Island
Community & HOA
Community
- Subdivision: Mid Island
HOA
- HOA phone: 000-000-0000
Location
- Region: Mercer Island
Financial & listing details
- Price per square foot: $1,177/sqft
- Tax assessed value: $1,438,000
- Annual tax amount: $19
- Date on market: 10/28/2025
- Cumulative days on market: 51 days
- Listing terms: Cash Out,Conventional
Estimated market value
$1,625,700
$1.54M - $1.71M
$3,096/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/2/2025 | Pending sale | $1,695,000$1,177/sqft |
Source:  NWMLS #2444397 Report a problem | ||
| 10/23/2025 | Listed for sale | $1,695,000+1882.5%$1,177/sqft |
Source: NWMLS #2444397 Report a problem | ||
| 2/26/1987 | Sold | $85,500$59/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $19 +51.4% | -- |
| 2023 | $13 | -- |
| 2022 | -- | -- |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$10,031/mo
Principal & interest
$8280
Property taxes
$1158
Home insurance
$593
Climate risks
Neighborhood: 98040
Nearby schools
GreatSchools rating
- 10/10Northwood Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 8/10Islander Middle SchoolGrades: 6-8Distance: 2.5 mi
- 10/10Mercer Island High SchoolGrades: 9-12Distance: 0.3 mi
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