Discover unparalleled lakeside living with this refreshed contemporary home, perfectly positioned on a sprawling 0.58-acre lot with 85 feet of low-bank lake frontage and a private dock. Every room in this 5-bedroom, 3.5-bathroom home offers breathtaking views of the serene lake, seamlessly blending modern design with nature's beauty. Wake up to panoramic views of Mt. Rainier and enjoy the tranquility of the water right at your doorstep. Every detail is designed to bring the outdoors in. Nestled in a community renowned for its excellent schools, this home is not just a residence but a lifestyle. A peaceful retreat ready to be enjoyed while offering incredible potential for expansion, to transform it into your forever home.
Sold
Listed by:
Grace Yu,
Realogics Sotheby's Int'l Rlty
Bought with: Windermere Real Estate/East
$4,800,000
5438 E Mercer Way, Mercer Island, WA 98040
5beds
3,750sqft
Single Family Residence
Built in 1960
0.58 Acres Lot
$4,772,700 Zestimate®
$1,280/sqft
$8,128 Estimated rent
Home value
$4,772,700
$4.39M - $5.15M
$8,128/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 21, 2025 at 04:02am
Offers reviewed: Jun 23
Listed by:
Grace Yu,
Realogics Sotheby's Int'l Rlty
Bought with:
Joan C. Bayley, 38768
Windermere Real Estate/East
Source: NWMLS,MLS#: 2393404
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 2
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Bedroom
- Level: Lower
Bathroom three quarter
- Level: Lower
Other
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Family room
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Rec room
- Level: Lower
Utility room
- Level: Lower
Heating
- Fireplace, Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Dishwasher(s), Disposal, Double Oven, Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s), Garbage Disposal, Water Heater: Gas, Water Heater Location: Utility room
Features
- Bath Off Primary, Dining Room
- Flooring: Ceramic Tile, Hardwood, See Remarks
- Doors: French Doors
- Windows: Double Pane/Storm Window, Skylight(s)
- Basement: Daylight,Finished
- Number of fireplaces: 3
- Fireplace features: Wood Burning, Lower Level: 1, Main Level: 2, Fireplace
Interior area
- Total structure area: 3,750
- Total interior livable area: 3,750 sqft
Property
Parking
- Total spaces: 3
- Parking features: Detached Carport
- Carport spaces: 3
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Bath Off Primary, Double Pane/Storm Window, Dining Room, Fireplace, French Doors, Skylight(s), Sprinkler System, Water Heater
- Has view: Yes
- View description: Lake, Mountain(s), Territorial
- Has water view: Yes
- Water view: Lake
- Waterfront features: Low Bank, Bulkhead, Lake
- Frontage length: Waterfront Ft: 85
Lot
- Size: 0.58 Acres
- Features: Dead End Street, Paved, Cable TV, Deck, Dock, Gas Available, High Speed Internet, Moorage, Patio, Sprinkler System
- Topography: Level,Partial Slope
- Residential vegetation: Fruit Trees, Garden Space, Wooded
Details
- Parcel number: 1924059149
- Zoning: R15
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Modern
- Property subtype: Single Family Residence
Materials
- Cement/Concrete, Wood Siding
- Foundation: Slab
- Roof: Torch Down
Condition
- Updated/Remodeled
- Year built: 1960
- Major remodel year: 1960
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Sewer Connected, Company: City of Mercer Island
- Water: Public, Company: City of Mercer Island
Community & neighborhood
Location
- Region: Mercer Island
- Subdivision: East Mercer
HOA & financial
Other financial information
- Total actual rent: 10000
Other
Other facts
- Listing terms: Cash Out,Conventional
- Cumulative days on market: 307 days
Price history
| Date | Event | Price |
|---|---|---|
| 7/21/2025 | Sold | $4,800,000-4%$1,280/sqft |
Source:  NWMLS #2393404 | ||
| 6/24/2025 | Pending sale | $4,999,900$1,333/sqft |
Source: NWMLS #2393404 | ||
| 6/16/2025 | Listed for sale | $4,999,900-8.9%$1,333/sqft |
Source: NWMLS #2393404 | ||
| 6/16/2025 | Listing removed | $5,491,000$1,464/sqft |
Source: Realogics Sothebys International Realty #2373489 | ||
| 5/10/2025 | Listed for sale | $5,491,000-5%$1,464/sqft |
Source: Realogics Sothebys International Realty #2373489 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $27,909 -9.4% | $4,262,000 -4.7% |
| 2023 | $30,792 +0.4% | $4,473,000 -10.6% |
| 2022 | $30,676 +14.3% | $5,002,000 +37.3% |
Find assessor info on the county website
Neighborhood: 98040
Nearby schools
GreatSchools rating
- 9/10Island Park Elementary SchoolGrades: K-5Distance: 0.6 mi
- 8/10Islander Middle SchoolGrades: 6-8Distance: 1.4 mi
- 10/10Mercer Island High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Island Park Elem
- Middle: Islander Mid
- High: Mercer Isl High
Source: NWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$4,772,700
2% more+ $95,454
With Zillow Showcase(estimated)
$4,868,154