Discover unparalleled lakeside living with this refreshed contemporary home, perfectly positioned on a sprawling 0.58-acre lot with 85 feet of low-bank lake frontage and a private dock. Every room in this 5-bedroom, 3.5-bathroom home offers breathtaking views of the serene lake, seamlessly blending modern design with natures beauty. Wake up to panoramic views of Mt. Rainier and enjoy the tranquility of the water right at your doorstep. Every detail is designed to bring the outdoors in. Nestled in a community renowned for its excellent schools, this home is not just a residence but a lifestyle. A peaceful retreat ready to be enjoyed while offering incredible potential for expansion, to transform it into your forever home.
Property Details
Property Features
Property Information:
Architectural Style: Modern
Year Built: 1960
Living Area: 3,750 SqFt
Listing Office:
Office Name: Realogics Sothebys Intl Rlty
Office Phone: (425) 800-0310
Listing Agent: Grace Yu
Interior Features
Interior Information:
Appliances: Double Oven, Disposal
Basement: Yes
Flooring Type: Ceramic Tile, Hardwood, See Remarks
Interior: Bath Off Primary, Ceramic Tile, Double Pane/Storm Window, Dining Room, Fireplace, French Doors, Hardwood, Skylight(s), Sprinkler System, Water Heater
Fireplace: Wood Burning
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 2
Total Bedroom Count: 5
Exterior Features
Exterior Information:
Waterfront: Seawall, Lake Front
View: Lake, Mountain(s), Territorial
Exterior: Cement/Concrete, Wood
Parking Information:
Attached Garage: No
Parking: Detached Carport
Virtual/3D Tour
3D Tour: 5438 E Mercer Way
3D Tour
Lot Features
Lot Information:
Lot: Dead End Street, Paved
Lot Size: 0.58 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: None
Other
Directions Information:
Directions: East on SE 53rd Place. Right on E Mercer Way. Left (at mailboxes)on Glenhome Rd. Left at first road (address rock)Last Home on the Left. Road opens up with space to turn around.
Price Information
Listing Price Info
Price Summary:
List Price: $5,980,000
Price Per SqFt: $1,595/SqFt
Tax Information:
Annual Amount: $25,757
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Mercer Island, WA.
This property is $3.6M more than the Median Sold Price and $803/SqFt more than other homes in Mercer Island, WA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: NWMLS
MLS Number: #2273930
Listing Office:
Office Name: Realogics Sothebys Intl Rlty
Office Phone: (425) 800-0310
Listing Agent: Grace Yu
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Disclaimer: The information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 2:17:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Sep 27, 2019
Sep 27, 2019Home Sold
$3,618,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$25,757
$3,218,000
2018
$25,592
$3,406,000
2017
$28,523
$3,288,000
History based on county public records data.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Island Park Elementary School
5437 Island Crest Way
Distance between this listing and this school0.57 miles
Public District Grades KG-5
7
/10
Newport Heights Elementary School
5225 119th Ave SE
Distance between this listing and this school1.41 miles
Public District Grades KG-5
9
/10
Northwood Elementary School
4030 86th Ave SE
Distance between this listing and this school1.52 miles
Public District Grades PK-5
Nearby Schools
9
/10
Islander Middle School
8225 SE 72nd St
Distance between this listing and this school1.40 miles
Public District Grades 6-8
4
/10
Ridson Middle School
6928 116th Ave SE
Distance between this listing and this school1.50 miles
Public District Grades 6-8
9
/10
Tyee Middle School
13630 SE Allen Rd
Distance between this listing and this school2.80 miles
Public District Grades 6-8
Nearby Schools
10
/10
Mercer Island High School
9100 SE 42nd St
Distance between this listing and this school1.33 miles
Public District Grades 9-12
10
/10
Newport High School
4333 Factoria Blvd SE
Distance between this listing and this school2.04 miles
Public District Grades 9-12
5
/10
Rainier Valley Leadership Academy
6020 Rainier Ave S
Distance between this listing and this school3.10 miles
The neighbors living near this home have an average income of $167,949. Most Mercer Island, WA residents have annual incomes $200k+. Residents typically live in married, no kids family. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5438 E Mercer Way
What is the listing price of this property?
The listing price of 5438 E Mercer Way property is $5,980,000.
What type of property is this?
The property 5438 E Mercer Way is a house located in Mercer Island, Washington, 98040.
Is this property for sale now?
Active Listing: 5438 E Mercer Way is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $25,757 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on September 27, 2019 for $3,618,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 5438 E Mercer Way has 5 bedrooms and 2 full and 1 half bathrooms.
What is the square footage of this property?
The property 5438 E Mercer Way is 3,750 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 5438 E Mercer Way is 1960.
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This home is located at 5438 E Mercer Way in Mercer Island, WA and zip code 98040 in the Parkwood / Mercer Firs neighborhood. This 3,750 square foot home, which was built in 1960, sits on a 0.58 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since August 23, 2024 and is currently priced at $5,980,000.
While more than 2 listings in Mercer Island, WA in November 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 8 were sold below. Between October 2024 and November 2024, Mercer Island, WA real estate market has seen decrease in the number of listings by 31.3%. The median list price of listings available in November 2024 was $2,300,000, while the average time on the real estate market was 22 days.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved. 
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