13 days on rocket

8428 N Mercer Way, Mercer Island, WA, 98040

$9,750,000

4 Bedrooms
2 Full Baths, 2 Partial
3,900 SqFt
$2,500/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

ParkingAttached Garage
Attached Garage3 spaces
Year Built1986
WaterfrontLake Front
FireplaceGas, Wood Burning
ViewLake
MLS #2219163
Lot Size0.45 Acres
StatusActive

About 8428 N Mercer Way

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. Includes a $250,000 credit for upgrades of your choice.

Property Details

Property Features

Property Information:

  • Year Built: 1986
  • Living Area: 3,900 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HS NW
  • Listing Agent: Martin J. Ho

Interior Features

Interior Information:

  • Appliances: Double Oven, Disposal
  • Basement: No
  • Flooring Type: Hardwood, Marble, Carpet
  • Interior: Hardwood, Wall to Wall Carpet, Bath Off Primary, Built-In Vacuum, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, French Doors, High Tech Cabling, Hot Tub/Spa, Jetted Tub, Security System, Skylight(s), Sprinkler System, Walk-In Closet(s), Fireplace
  • Fireplace: Gas, Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: Lake Front
  • View: Lake
  • Exterior: Wood

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage

Lot Features

Lot Information:

  • Lot: Cul-De-Sac, Dead End Street, Paved, Secluded
  • Lot Size: 0.45 Acres

School Info

Assigned Schools Information:

  • Mercer Island High School, Public District Grades 9-12
  • Islander Middle School, Public District Grades 6-8
  • West Mercer Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: From I-90 take #7 Island Crest Way, turn Left to North Mercer Way.

Price Information

Listing Price Info

Price Summary:

  • List Price: $9,750,000
  • Price Per SqFt: $2,500/SqFt

Tax Information:

  • Annual Amount: $44,322
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Mercer Island, WA.

Med. Sold Price

$2.1M

Med. Price/SqFt

$771

Avg. Days On Market

56

# of Sold Homes

18

8428 N Mercer Way vs Mercer Island

13 DAYS ON ROCKET

-43 Days

$9,750,000

+$7.5M More

$2,500/SqFt

+$1.7K More

KEY TAKEAWAY

This property is $7.5M more than the Median Sold Price and $1.7K/SqFt more than other homes in Mercer Island, WA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NWMLS
  • MLS Number: #2219163

Listing Office:

  • Office Name: Berkshire Hathaway HS NW
  • Listing Agent: Martin J. Ho

IDX Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.

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.

IDXThe data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.

DMCA Notice

Disclaimer: The information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2024, 2:17:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 24, 2012Home Sold
$3,550,000
Oct 11, 2000Home Sold
$3,558,000

Tax History

YEARPROP. TAXASSESSMENT
2020$44,322$5,539,000
2018$39,394$5,244,000
2017$43,905$5,062,000

History based on county public records data.

Payment Calculator

$48.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$29.2K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4025443
9
/10
  • West Mercer Elementary School

  • 4141 81st Ave SE

  • 0.34 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4025444
8
/10
  • Islander Middle School

  • 8225 SE 72nd St

  • 3.38 miles

  • Public District Grades 6-8

High School

school-card-donut-4025445
10
/10
  • Mercer Island High School

  • 9100 SE 42nd St

  • 1.01 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $137,500. Residents of Mercer Island, WA typically earn $200k+ each year. Residents typically live in married, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8428 N Mercer Way

What is the listing price of this property?

The listing price of 8428 N Mercer Way property is $9,750,000.

What type of property is this?

The property 8428 N Mercer Way is a house located in Mercer Island, Washington, 98040.

Is this property for sale now?

Active Listing: 8428 N Mercer Way is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 8428 N Mercer Way are:
West Mercer Elementary School: GreatSchools Rating 9/10
Islander Middle School: GreatSchools Rating 8/10
Mercer Island High School: GreatSchools Rating 10/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $44,322 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 24, 2012 for $3,550,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 8428 N Mercer Way has 4 bedrooms and 2 full and 2 half bathrooms.

What is the square footage of this property?

The property 8428 N Mercer Way is 3,900 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8428 N Mercer Way is 1986.
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Rocket Homes›Washington›King County›Mercer Island›98040›8428 N Mercer Way

This home is located at 8428 N Mercer Way in Mercer Island, WA and zip code 98040 in the North Mercer neighborhood. This 3,900 square foot home, which was built in 1986, sits on a 0.45 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since April 18, 2024 and is currently priced at $9,750,000.

Over 12 listings were sold over their listed price in March 2024 in Mercer Island, WA. In the same period over 5 listings were sold below the listed price and 1 listings were sold for the listed price. In March 2024 in Mercer Island, WA there were 41.5% more homes for sale than in February 2024. The median list price of listings available in March 2024 was $2,195,000, while the average time on the real estate market was 56 days.

From Rocket Homes Real Estate and based on county public records data.

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