Neighborhood Profile

Mercer Island

Neighborhood

Highlights

Average Sale Price
$4,276,000
Price Range
$280K-28M
Avg. Price/Sq.Ft
$1,124/Sq. Ft.
Average Rental
$3,900/mo

While it is surrounded by Lake Washington, Mercer Island is far from insular. Located between Bellevue and Seattle affords an easy commute to either the east or west side. Waterfront homes are marked by their own private docks for aquatic adventurers to voyage out on a boat or paddleboard. Because of its island character, there is a strong sense of community as “Islanders” take pride in the small-town atmosphere and tranquil and woodsy ambiance.

Education is paramount to the community at large, as Mercer Island’s top-rated public school system is ranked second in the state. Its most famous resident was Paul Allen, co-founder of Microsoft. Though it is home to the wealthiest zip code in Washington state, residents and visitors enjoy friendly, community-oriented events year-round.

Waterfront

For some, the call to live life at water's edge is undeniable: The sunshine reflecting upon the water’s surface, boats or ferries passing by, birds soaring overhead, the glimmer of a wavy sunset. From boating and beachcombing to kayaking and birdwatching—find these activities along the shoreline....

Island Living

Calling an island your home often means your living among a tight-knit group of neighbors. Among Washington's island paradises, communities bond in their way of living, whether they're there for a place of retreat, providing seclusion and a tranquil refuge, or for those looking to indulge in the waterfront...

Mercer Island

Neighborhood Lifestyle

Featured

Mercer Island Listings

$28,000,000
Mercer Island Residential
Mercer Island, WA 98040
  • 5 Beds
  • 5.00 Baths
  • 8,420 Sq. Ft.
Listing Courtesy of Realogics Sotheby's International Realty
$12,000,000
8025 W Mercer Way
Mercer Island, WA 98040
  • 5 Beds
  • 1.75 Baths
  • 5,100 Sq. Ft.
Listing Courtesy of Realogics Sotheby's International Realty
Price Reduced
$9,590,000
8260 Avalon Drive
Mercer Island, WA 98040
  • 5 Beds
  • 5.00 Baths
  • 5,390 Sq. Ft.
Listing Courtesy of Realogics Sotheby's International Realty
$6,800,000
7909 78th Avenue SE
Mercer Island, WA 98040
  • 6 Beds
  • 8.50 Baths
  • 9,340 Sq. Ft.
Listing Courtesy of Realogics Sotheby's International Realty
$3,500,000
8001 West Mercer Street
Mercer Island, WA 98040
  • 4 Beds
  • 1.75 Baths
  • 2,190 Sq. Ft.
Listing Courtesy of Realogics Sotheby's International Realty
Price Reduced
$3,495,000
3745 88th Avenue SE
Mercer Island, WA 98040
  • 5 Beds
  • 4.50 Baths
  • 4,819 Sq. Ft.
Listing Courtesy of Realogics Sotheby's International Realty
$4,700/mo
3206 80th Avenue SE #3
Mercer Island, WA 98040
  • 3 Beds
  • 1.75 Baths
  • 1,375 Sq. Ft.
Listing Courtesy of Realogics Sotheby's International Realty
New on Market
$20,000
3840 E Mercer Way
Mercer Island, WA 98040
  • 5 Beds
  • 4.50 Baths
  • 6,117 Sq. Ft.
Listed Courtesy of Northwest MLS
$15,000
8428 N Mercer Way
Mercer Island, WA 98040
  • 4 Beds
  • 3.25 Baths
  • 3,900 Sq. Ft.
Listed Courtesy of Northwest MLS
New on Market
$12,000
5210 Butterworth Road
Mercer Island, WA 98040
  • 3 Beds
  • 2.50 Baths
  • 2,000 Sq. Ft.
Listed Courtesy of Northwest MLS
Price Reduced
$10,950
8243 W Mercer Way
Mercer Island, WA 98040
  • 5 Beds
  • 4.75 Baths
  • 5,450 Sq. Ft.
Listed Courtesy of Northwest MLS
$8,995
7275 N Mercer Way
Mercer Island, WA 98040
  • 4 Beds
  • 4.25 Baths
  • 4,130 Sq. Ft.
Listed Courtesy of Northwest MLS
Sold
$28,500,000
7002 N Mercer Way
Mercer Island, WA 98040
  • 5 Beds
  • 6.25 Baths
  • 10,030 Sq. Ft.
Listed Courtesy of Northwest MLS
Sold
$25,000,000
1615 Roanoke Way
Mercer Island, WA 98040
  • 5 Beds
  • 6.00 Baths
  • 9,720 Sq. Ft.
Listed Courtesy of Northwest MLS
Sold
$24,375,000
Mercer Island Residential
Mercer Island, WA 98040
  • 8 Beds
  • 7.50 Baths
  • 12,623 Sq. Ft.
Listed Courtesy of Northwest MLS
Sold
$17,300,000
1841 W Mercer Way
Mercer Island, WA 98040
  • 6 Beds
  • 5.75 Baths
  • 7,805 Sq. Ft.
Listed Courtesy of Northwest MLS
Sold
$15,850,000
7374 SE 71st Street
Mercer Island, WA 98040
  • 5 Beds
  • 4.75 Baths
  • 6,510 Sq. Ft.
Listed Courtesy of Northwest MLS
Sold
$15,150,000
5045 Forest Avenue SE
Mercer Island, WA 98040
  • 3 Beds
  • 3.75 Baths
  • 4,540 Sq. Ft.
Listed Courtesy of Northwest MLS

Location

Mercer Island, Washington United States
Mercer Island

Community Info

Mercer Island News

Extraordinary Living

Significant Sales | Q1-2026

  • Apr 20, 2026
  • By RSIR Staff

The first quarter of 2026 has reinforced resilience at the top of the market. Despite broader economic conversations, discerning...

Read More