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$425,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 1 Full Bath
  • 965 Sq. Ft.
  • Updated 12 hours ago

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Open House: 11:00 AM - 1:00 PM

Saturday 3/21 11:00 AM - 1:00 PM

2500 81st Avenue SE #118,Mercer Island, WA 98040

2500 81st Avenue SE #118Mercer IslandWA98040

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Listed by Amy Thompson | Realogics Sotheby's Int'l Rlty | (425) 800-0310

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LOCATION, LOCATION, LOCATION Centrally located in the heart of Mercer Island (MI), this beautifully updated residence offers the ultimate convenience and lifestyle. Situated directly across from the future light rail station and steps to Luther Burbank Park, the MI Community Center, downtown Mercer Island, and scenic waterfront trails, this residence delivers unmatched accessibility. Rare features include no rental cap, rare covered assigned parking near the entrance, and a large onsite storage unit (#14). Amenities include elevator and a conference club room (currently under renovation) in the same main building. Inside this residence, enjoy a fully remodeled interior with a designer kitchen featuring a farmhouse sink, tastefully updated bathroom, new lightings, a fireplace, large screen doors, new closets and custom closet organizers. It also offers a private in-unit washer/dryer and air conditioning for year-round comfort. Bright, open living spaces flow seamlessly to an expansive 90-foot veranda with serene, unobstructed western exposure-perfect for sunset views and alfresco dining. Located in a top-rated school district with quick access to both Bellevue and Seattle, plus direct connectivity to regional walking and cycling trails, this is Mercer Island living at its finest. No rental cap provides unlimited options for owners at the most central location on the island. MUST SEE. Offers, if any, due by Tuesday, March 31st at 10AM.

Full Property Details for 2500 81st Ave SE #118

General

  • Price: $425,000
  • HOA FEE: $1,184/month
  • Taxes: $2,606 (2026)
  • Status: Active
  • Type: Condo
  • Source: NWMLS
  • MLS ID: 2480792
  • Updated: 3/20/2026
  • Added to Site: 1 day(s) ago

Interior

  • Interior Features: Cooking-Electric, Dryer-Electric, Fireplace, Insulated Windows, Washer, Water Heater
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): See Remarks, Wood Burning
  • Appliances: Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Stove(s)/Range(s)
  • Flooring: Vinyl Plank

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2
  • Bedrooms Main: 2

Other Rooms

  • Laundry: Electric Dryer Hookup, Washer Hookup

Parking

  • Covered Spaces: 1
  • Parking Features: Off Street, Uncovered

Location

  • Area: 510 - Mercer Island
  • County: King
  • Subdivision: Mercer Island
  • Building Name: Mercer Isle Condominiums
  • Driving Directions: From I-90, take Mercer Island Exit 7. Head south on 77th Ave SE, turn left on SE 24th St, then right on 81st Ave SE. Building is on the left across from the light rail station. Park @ visitor parking.
  • Direction Faces: West

School Information

  • High School District: Mercer Island

Community

  • Association: Yes
  • Assoc. Fees Include: Earthquake Insurance, Lawn Service, Road Maintenance, Sewer, Snow Removal, Trash, Water
  • Units Assoc/Comm: 89

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Window Unit(s)
  • Heating Type: Baseboard
  • Water Heater: Electric

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Brick, Wood Products
  • Roof: Flat, Torch Down
  • Stories in Building: 3
  • Square Feet: 965
  • Year Built: 1960
  • Remodeled/Addition: Yes

Unit Information

  • Units in Building: 89
  • Unit Features: Balcony/Deck/Patio, Insulated Windows

Lot Features

  • Property View: City, Territorial
  • Lot Features: Curbs, Open Space, Paved, Sidewalk

Green Features

  • Energy Efficient: Insulated Windows

Financial Considerations

  • Association Fee: $1,184
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $2,606
  • Tax Year: 2026
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Stove(s)/Range(s)
  • Property ID: 545150028003

Listed by Amy Thompson | Realogics Sotheby's Int'l Rlty | (425) 800-0310

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Price & Sales History for 2500 81st Ave SE #118 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/20/2026
Listed
$425,000
70.03%
MLS
8/22/2014
Sold
$249,950
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2500 81st Ave SE #118

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,251
-23%
$341,000
-15%
2024
$2,915
17%
$403,000
—
2022
$2,489
-14%
$403,000
2%
2021
$2,889
—
$394,000
10%
2021
$2,889
-2%
$359,000
-3%
2020
$2,945
9%
$371,000
4%
2019
$2,696
7%
$357,000
24%
2018
$2,510
26%
$288,000
18%
2017
$1,997
7%
$244,000
10%
2016
$1,859
-2%
$221,000
3%
2015
$1,892
2050%
$215,000
37%
2014
$88
—
$157,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Amy Thompson | Realogics Sotheby's Int'l Rlty | (425) 800-0310

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Sold by Amy Thompson | Realogics Sotheby's Int'l Rlty

2500 81st Avenue SE #118, Mercer Island, WA 98040 (MLS# 2480792) is a Condo property with 2 bedrooms and 1 full bathroom. 2500 81st Avenue SE #118 is currently listed for $425,000 and was received on March 20, 2026. Want to learn more about 2500 81st Avenue SE #118? Do you have questions about finding other Condo real estate for sale in Mercer Island? You can browse all Mercer Island real estate or contact a Coldwell Banker agent to request more information.

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