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Mercer Island Real Estate Analysis

Mercer Island is a 13 square mile island in the middle of Lake Washington located to the east of Seattle and to the west of Bellevue.  It is connected to Seattle and Bellevue by the I-90 bridges and easy to access from both cities.  Mercer Island is the home to approximately 25,000 residents many of which commute to the business centers of Seattle and Bellevue.

mercer island

Mercer Island is one of the nation’s most affluent areas in the Unites States.  According to the IRS it is one of the 100 richest ZIP codes in the United States.  The luxury real estate market on Mercer Island is dominated by the over 800 waterfront properties.  While homes can sell for under $1 million especially condos on the island (many built during the 1960’s-70’s), the average home value of Mercer Island is over $1.6 million in 2020.

Mercer Island has one of the best school systems in the state.

Mercer Island Real Estate Listings

Active Listings in Mercer Island

7924 E Mercer Wy Mercer Island, WA 98040
Photo of 7924 E Mercer Wy, Mercer Island, WA 98040 (MLS # 1641556)
3 beds 3 baths 1,390 sqft $1,995,000
3 Holly Hill Dr SE Mercer Island, WA 98040
Photo of 3 Holly Hill Dr SE, Mercer Island, WA 98040 (MLS # 1640303)
4 beds 3 baths 3,460 sqft $1,549,000
4667 91st Ave SE Mercer Island, WA 98040
Photo of 4667 91st Ave SE, Mercer Island, WA 98040 (MLS # 1635805)
5 beds 4 baths 3,660 sqft $2,395,000
2212 66th Ave SE Mercer Island, WA 98040
Photo of 2212 66th Ave SE, Mercer Island, WA 98040 (MLS # 1640036)
3 beds 2 baths 2,480 sqft $1,680,000
8032 SE 45th St Mercer Island, WA 98040
Photo of 8032 SE 45th St, Mercer Island, WA 98040 (MLS # 1638473)
5 beds 5 baths 4,850 sqft $2,998,000
2929 76th Ave SE, Unit 101 Mercer Island, WA 98040
Photo of 2929 76th Ave SE, Unit 101, Mercer Island, WA 98040 (MLS # 1637139)
2 beds 2 baths 1,452 sqft $598,000
4120 94th Ave SE Mercer Island, WA 98040
Photo of 4120 94th Ave SE, Mercer Island, WA 98040 (MLS # 1635357)
5 beds 4 baths 4,600 sqft $1,599,000
6821 96th Ave SE Mercer Island, WA 98040
Photo of 6821 96th Ave SE, Mercer Island, WA 98040 (MLS # 1637701)
5 beds 6 baths 5,736 sqft $3,795,000
8028 SE Mitchell St Mercer Island, WA 98040
Photo of 8028 SE Mitchell St, Mercer Island, WA 98040 (MLS # 1636151)
3 beds 3 baths 1,790 sqft $1,150,000
2929 76th Ave SE, Unit 204 Mercer Island, WA 98040
Photo of 2929 76th Ave SE, Unit 204, Mercer Island, WA 98040 (MLS # 1634613)
2 beds 2 baths 1,240 sqft $618,600

Sold Listings in Mercer Island

9341 SE 46th St Mercer Island, WA 98040
Photo of 9341 SE 46th St, Mercer Island, WA 98040 (MLS # 1627757)
5 beds 4 baths 3,842 sqft $1,398,000
5602 90th Ave SE Mercer Island, WA 98040
Photo of 5602 90th Ave SE, Mercer Island, WA 98040 (MLS # 1626927)
4 beds 2 baths 2,060 sqft $2,200,000
4320 92nd Ave SE Mercer Island, WA 98040
Photo of 4320 92nd Ave SE, Mercer Island, WA 98040 (MLS # 1627201)
5 beds 5 baths 3,556 sqft $2,798,000
7847 SE 40th St Mercer Island, WA 98040
Photo of 7847 SE 40th St, Mercer Island, WA 98040 (MLS # 1625689)
1 bed 2 baths 2,130 sqft $955,000
4021 97th Ave SE Mercer Island, WA 98040
Photo of 4021 97th Ave SE, Mercer Island, WA 98040 (MLS # 1615836)
3 beds 2 baths 1,370 sqft $1,021,000
4115 83rd Ave SE Mercer Island, WA 98040
Photo of 4115 83rd Ave SE, Mercer Island, WA 98040 (MLS # 1621509)
5 beds 5 baths 4,136 sqft $2,430,000
8601 SE 71st St Mercer Island, WA 98040
Photo of 8601 SE 71st St, Mercer Island, WA 98040 (MLS # 1557316)
6 beds 3 baths 2,850 sqft $1,240,000
4457 E Mercer Wy Mercer Island, WA 98040
Photo of 4457 E Mercer Wy, Mercer Island, WA 98040 (MLS # 1615703)
3 beds 3 baths 3,100 sqft $1,310,000
7330 85th Place SE Mercer Island, WA 98040
Photo of 7330 85th Place SE, Mercer Island, WA 98040 (MLS # 1619003)
0 beds 0 baths 3,170 sqft $1,100,000
7719 SE 34th St Mercer Island, WA 98040
Photo of 7719 SE 34th St, Mercer Island, WA 98040 (MLS # 1613935)
3 beds 2 baths 1,670 sqft $1,098,000

Walk Score for Mercer Island



Mercer Island School Data

Mercer Island School Districts

Mercer Island School District
K-8, 10-12
http://www.misd.wednet.edu

Mercer Island Schools

Island Park Elementary School
K-5, public
http://www.mercerislandschools.org/Domain/10
Lakeridge Elementary School
K-5, public
http://www.mercerislandschools.org/Domain/11
Mercer Island High School
10-12, public
http://www.mercerislandschools.org/Domain/8
Islander Middle School
6-8, public
http://www.mercerislandschools.org/Domain/9
West Mercer Elementary School
K-5, public
http://www.mercerislandschools.org/Domain/12
St. Monica School
PK-8, private
Northwest Yeshiva High School
9-12, private
http://www.nyhs.org/
Yellow Wood Academy
3-4, 6-7, 9-12, private
http://www.yellowwoodacademy.org
French American School of Puget Sound
PK-8, private
https://www.fasps.org/
American Academy
PK-12, private
The Privett Academy
6-12, private
http://privettacademy.org/
Northwest Yeshiva High School
9-12, private
Privett Academy
7-12, private
American Academy
1-12, private
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