Date
Details
Price
Change
Source
1/20/2026
Listed
$8,150,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
A rare west-facing Mercer Island waterfront legacy, this extraordinary offering presents a once in a generation opportunity to create an iconic estate. Set on approximately 28,000 square feet of private, forested grounds with 150 feet of shoreline, the property commands sweeping views of Seattle's skyline, Seward Park, glowing sunsets, and the dynamic beauty of Lake Washington. The setting feels tranquil and secluded, yet remains moments from the heart of Mercer Island and within effortless reach of Seattle, Bellevue, Issaquah, and year round mountain recreation. A private dock supports an exceptional lakeside lifestyle with boating, swimming, paddleboarding, and long summer days on the water. The existing 3880 sq foot residence is rich in timeless character and presents an ideal candidate for a comprehensive gut renovation, preserving its soul while elevating it to modern luxury standards, or alternatively offers a compelling canvas for new construction that fully maximizes the premier west side waterfront setting. Located in one of Mercer Island's most coveted neighborhoods, this rare property benefits from top rated schools, a strong community, and enduring long term value through irreplaceable land and views.
Full Property Details
Full Property Details for 5265 W Mercer Way
General
- Price: $8,150,000
- Taxes: $58,757 (2025)
- Status: Active
- Type: Single Family
- Source: NWMLS
- MLS ID: 2469842
- Updated: Today (1/20/2026)
- Added to Site: Today
Interior
- Interior Features: Dining Room, Fireplace, French Doors, Jetted Tub, Skylight(s), Water Heater
- Fireplace: Yes
- Number of Fireplaces: 2
- Fireplace(s): Wood Burning
- Appliances: Dishwasher(s), Double Oven, Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Flooring: Ceramic Tile, Hardwood, Carpet
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Main Floor Baths: 1
- Lower - Full Baths: 1
Bedrooms
- Total Bedrooms: 4
- Bedrooms Lower: 2
- Bedrooms Main: 2
Additional Information
- Amenities: Deck, Dock
Parking
- Garage: Yes
- Attached garage: Yes
- Covered Spaces: 2
- Parking Features: Driveway, Attached Garage, Off Street
Location
- Area: 510 - Mercer Island
- County: King
- Subdivision: West Mercer
- Driving Directions: GPS will take you too far on W Mercer Way. Review map in Supplements for most accurate directions. Turn on 82nd Ave SE and then first left on Forest and follow Forest down to the water. House on left,
- Direction Faces: West
School Information
- High School District: Mercer Island
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard, Forced Air
- Water Heater: Electric
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: House
- Exterior Const.: Cement/Concrete, Stucco
- Basement Desc.: Daylight, Finished
- Roof: Tile
- Entry Location: Main
- Square Feet: 3,880
- Finished Total: 3,880 Sq. Ft.
- Year Built: 1941
Lot Features
- Property View: City, Lake, Territorial
- Lot Size (Acres): 0.643
- Lot Size (Sq. Ft.): 28,009
- Lot Size Source: Realist
- Topography: Level, Partial Slope, Terraces
- Lot Features: Dead End Street, Value In Land
Water Features
- Water Front: Yes
Financial Considerations
- Tax Amount: $58,757
- Tax Year: 2025
- Terms: Cash Out, Conventional
Disclosures and Reports
- Special Conditions: None
- Inclusions: Dishwasher(s), Double Oven, Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Property ID: 2424049011
Listed by Kelly A. Malloy | Windermere West Metro | (206) 935-7200
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Schools
Schools serving 5265 W Mercer Way
School District:Mercer Island School District
| Name | Grades | Distance |
|---|---|---|
Island Park Elementary School 5437 Island Crest Way, Mercer Island, WA 98040 | K-5 | 0.4 mi |
Northwood Elementary School, Mercer Island, WA 4030 86th Avenue Southeast, Mercer Island, WA 98040 | K-5 | 1.4 mi |
Islander Middle School 8225 Southeast 72nd Street, Mercer Island, WA 98040 | 6-8 | 1.2 mi |
Mercer Island High School 9100 Southeast 42nd Street, Mercer Island, WA 98040 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5265 W Mercer Way
Tax History
Tax History for 5265 W Mercer Way
Year
Property Taxes
Change
Tax Assessment
Change
2024
$58,009
—
$8,976,000
-5%
2024
$58,009
—
$9,426,000
—
2022
$57,791
16%
$9,426,000
34%
2021
$49,769
—
$7,045,000
13%
2021
$49,769
4%
$6,220,000
3%
2020
$47,804
7%
$6,054,000
2%
2019
$44,516
-10%
$5,926,000
4%
2018
$49,610
18%
$5,720,000
11%
2017
$41,885
8%
$5,148,000
10%
2016
$38,954
4%
$4,662,000
9%
2015
$37,530
3%
$4,292,000
8%
2014
$36,371
—
$3,982,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5265 W Mercer Way
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- Land Residential
- Active
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- 8Total Baths
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Listed by Michael Nix | Keller Williams Rlty Bellevue and Scott Nicholson | Keller Williams Rlty Bellevue
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Sold by Michelle Markwood | Windermere RE Greenwood
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5265 West Mercer Way, Mercer Island, WA 98040 (MLS# 2469842) is a Single Family property with 4 bedrooms and 2 full bathrooms. 5265 West Mercer Way is currently listed for $8,150,000 and was received on January 20, 2026. Want to learn more about 5265 West Mercer Way? Do you have questions about finding other Single Family 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.