Real Estate Spotlight: Mercer Island

Mercer Island is an affluent community situated between Seattle and other Eastside neighborhoods.  Thus, Mercer Island has easy commute to and from Downton Bellevue, Downtown Seattle, as well as recreation areas farther east.  In addition, Mercer Island has great schools, access and views of Lake Washington, and a commercial center for residents to enjoy.. Living on an island presents a unique opportunity, and the Mercer Island real estate is a hot commodity.

Mercer Island

Views from Mercer Island of Lake Washington and beyond.

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History

Duwamish Native Americans believed that Mercer Island was inhabited by evil spirits, and another story tells of their fears of the island sinking every night. Thus they largely steered clear of the area, but settlers eventually took their chances and began moving in. The island was named in 1860 after Judge Thomas Mercer, and the area was slow to attract residents, nearly until the completion of the I-90 bridge in the 1940s. Population grew, and a retail core began to develop & thrive.

Points of Interest

Mercer Island has much to offer residents and visitors including two business districts, one on the Northside of the island, and another around Pioneer Park which has a number of hiking and walking trails. Luther Bank Park is another expansive park and features a huge off-leash dog areas. Check out the swimming hole at Groveland Beach, and watch Seafair from Audrey Davis Park. Dining options include Bennet’s Pure Food Bistro, and the historic Roanoke Inn built in 1914.

Mercer Island Residential Market Report

Mercer Island is a luxury real estate market.  A long narrow island with approximately 800 waterfront homes and many more with views of Lake Washington, average prices on Mercer Island generally outpace the surrounding areas.

Overview - Last 30 days

Median Price - Last 6 Months
Sale-to-List Price - Last 6 Months
Median Days on Site - Last 6 Months
Listing Inventory - Last 6 months

Sold Listings - Last 30 DaysView all sold listings

SOLD: $8,550,000
49 Holly Hill Drive
Mercer Island, WA 98040
Property Photo
4
Beds
2 | 1
Baths
4,480
SqFt
 
 
#2570474 | House

Listing Firm: COMPASS


Selling Firm: Windermere Real Estate Midtown

Listings with the three tree icon are courtesy of NWMLS.

SOLD: $5,200,000
4715 86th Avenue SE
Mercer Island, WA 98040
Property Photo
5
Beds
1 | 5
Baths
5,090
SqFt
 
 
#2567882 | House

Listing Firm: Real Residential


Selling Firm: COMPASS

Listings with the three tree icon are courtesy of NWMLS.

SOLD: $4,350,000
4216 83rd Avenue SE
Mercer Island, WA 98040
Property Photo
5
Beds
2 | 5
Baths
5,028
SqFt
 
 
#2467659 | House

Listing Firm: COMPASS


Selling Firm: Coldwell Banker Danforth

Listings with the three tree icon are courtesy of NWMLS.

New Listings - Last 30 DaysView all active listings

$17,900,000
5330 Butterworth Road
Mercer Island, WA 98040
Property Photo
5
Beds
2 | 4
Baths
7,840
SqFt
 
 
#2576116 | House

Listing Firm:Windermere Real Estate/East

$7,650,000
8279 W Mercer Way
Mercer Island, WA 98040
Property Photo
6
Beds
5 | 1
Baths
6,670
SqFt
 
 
#2577190 | House

Listing Firm:MY International Real Estate

$6,880,000
4102 100th Avenue SE
Mercer Island, WA 98040
Property Photo
5
Beds
3 | 2
Baths
5,535
SqFt
 
 
#2572498 | House

Listing Firm:Windermere Real Estate/East

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Disclaimer: The information contained in this listing has not been verified 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, or misprints and shall be held totally harmless. The information on this website 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. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Listings with the three tree icon are courtesy of NWMLS. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and include the name of the listing broker(s). Based on information submitted to the MLS GRID as of 2026 (September 10, 2026, 9:25 AM PT MLS GRID Data was obtained). 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. Copyright © 2026 Northwest MLS. All rights reserved.