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$2,270,000

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 1 Full Bath
  • 1 Partial Bath
  • 3,040 Sq. Ft.
  • 2 Car Garage

Listed by Xia Zhao | John L. Scott, Inc. | (425) 883-6464

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Exceptional Development Opportunity on Mercer Island. A generous 22,000 sq ft corner lot in one of MI's most desirable neighborhoods. Preliminary subdivision approval granted-ready to be divided into two lots. The lot's regular shape supports optimal design flexibility, allowing future homes to maximize the 40% FAR. Enjoy an unbeatable location just minutes from the lake, parks, shopping, and top-rated schools-all within walking distance. An existing home on the property has been modestly updated. Whether you're a builder, investor, or homeowner with vision, this is a prime opportunity to capitalize on the scarcity of developable land on MI. Bring your team and start the permitting process.

Full Property Details for 7204 78th Ave SE

General

  • Price: $2,270,000
  • Taxes: $12,852 (2025)
  • Status: Active
  • Type: Single Family
  • Source: NWMLS
  • MLS ID: 2389394
  • Updated: 11/22/2025
  • Added to Site: 225 day(s) ago

Interior

  • Interior Features: Fireplace
  • Fireplace: Yes
  • Number of Fireplaces: 2
  • Fireplace(s): Wood Burning

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Floor Baths: 1
  • Lower - 1/2 Baths: 1

Bedrooms

  • Total Bedrooms: 4
  • Bedrooms Lower: 1
  • Bedrooms Main: 3

Additional Information

  • Amenities: Deck, Gas Available

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2
  • Parking Features: Attached Garage

Location

  • Area: 510 - Mercer Island
  • County: King
  • Subdivision: South End
  • Driving Directions: GPS works just fine.

School Information

  • High School District: Mercer Island

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: House
  • Exterior Const.: Wood Products
  • Basement Desc.: Daylight, Partially Finished
  • Roof: Composition
  • Entry Location: Main
  • Square Feet: 3,040
  • Finished Total: 2,260 Sq. Ft.
  • Unfinished Total: 780 Sq. Ft.
  • Year Built: 1958

Lot Features

  • Property View: Territorial
  • Lot Size (Acres): 0.505
  • Lot Size (Sq. Ft.): 22,000
  • Lot Size Source: Public Resource
  • Topography: Partial Slope
  • Lot Features: Corner Lot, Value In Land
  • Trees/Vegetation: Garden Space

Financial Considerations

  • Tax Amount: $12,852
  • Tax Year: 2025
  • Terms: Cash Out

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 2524049068

Listed by Xia Zhao | John L. Scott, Inc. | (425) 883-6464

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Schools serving 7204 78th Ave SE

School District:Mercer Island School District
NameGradesDistance
Lakeridge Elementary School, Mercer Island, WA
8215 Southeast 78th Street, Mercer Island, WA 98040
K-50.5 mi
Islander Middle School
8225 Southeast 72nd Street, Mercer Island, WA 98040
6-80.3 mi
Mercer Island High School
9100 Southeast 42nd Street, Mercer Island, WA 98040
9-122.4 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 7204 78th Ave SE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/07/2025
Listed
$2,270,000
35.12%
MLS
10/28/2021
Sold
$1,680,000
—
Public Record
Get Price Alerts and Save Property
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 7204 78th Ave SE

Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,932
—
$1,961,000
-7%
2024
$12,932
—
$2,099,000
—
2022
$12,884
13%
$2,099,000
34%
2021
$11,359
—
$1,569,000
11%
2021
$11,359
21%
$1,418,000
19%
2020
$9,387
7%
$1,187,000
2%
2019
$8,756
-4%
$1,164,000
10%
2018
$9,152
16%
$1,054,000
9%
2017
$7,862
7%
$965,000
10%
2016
$7,321
3%
$875,000
8%
2015
$7,093
4%
$810,000
9%
2014
$6,792
—
$743,000
—
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.

Estimate the Cost for 7204 78th Ave SE

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Listed by Xia Zhao | John L. Scott, Inc. | (425) 883-6464

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7204 78th Avenue SE, Mercer Island, WA 98040 (MLS# 2389394) is a Single Family property with 4 bedrooms, 1 full bathroom and 1 partial bathroom. 7204 78th Avenue SE is currently listed for $2,270,000 and was received on June 07, 2025. Want to learn more about 7204 78th Avenue SE? 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.

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