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#2362585, Steve Hill, Listing office: Windermere RE Greenwood
$3,128,000 List price
5340 W Mercer Way Mercer Island, WA 98040
5 beds
4 full, 1 partial
4,470 sqft
0.5 acres
$700 / sqft
House
Property details
About 5340 W Mercer Way
Breathtaking lake, city, and Olympic Mountain views define this light-filled Mercer Island custom home! Set far off the street and backing to protected green space, it offers rare, unmatched privacy. A sprawling west-facing deck invites unforgettable entertaining, with bifold doors creating seamless indoor-outdoor flow. The chef’s kitchen features a Wolf range, dual dishwashers, and a full-size fridge and freezer. Vaulted ceilings and stained glass add timeless character. Retreat to the luxurious primary suite with panoramic vistas—even from the spa-inspired tub! Highlights: 3 bedrooms, 2 remodeled baths, and laundry all on one level, plus a guest suite, gym, rec room, hot tub, flat yard and boat parking. Pre-inspected for peace of mind!
Highlights
HeatingDuctless, Forced Air, Radiant
StatusActive
CoolingCentral Air, Ductless, Ceiling Fan(s)
Size4,470 sqft
BasementYes
Lot size0.5134 Acres
Year built1978
ParkingAttached Garage
MLS #2362917
Attached garage2 spaces
FireplaceElectric, Gas, Wood Burning
ViewCity, Lake, Mountain(s), Territorial
Virtual tour
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 4
- Appliances: Disposal, Double Oven
- Basement: Yes
- Flooring Type: Bamboo/Cork, Ceramic Tile, Hardwood, Marble
- Interior: Bath Off Primary, Built-In Vacuum, Ceiling Fan(s), Ceramic Tile, Fireplace, Water Heater
- Fireplace: Electric, Gas, Wood Burning
- Total Bedroom Count: 5
- Garage Space: 2 spaces
- Attached Garage: Yes
- Parking: Attached Garage
- View: City, Lake, Mountain(s), Territorial
- Exterior: Cement Planked
- Architectural Style: Northwest Contemporary
- Heating: Ductless, Forced Air, Radiant
- Cooling: Central Air, Ductless, Ceiling Fan(s)
- List Price: $3,128,000
- Price/SqFt: $699
- HOA Amount: $0
- Annual Tax Amount: $19,104
- Tax Year: 2022
- Lot: Secluded
- Directions: From I-90 Seattle exist West Mercer Way and travel south. From the Eastside, exit Island Crest Way, travel south, take a right on Merrimount, then left on W. Mercer Way.
- Year Built: 1978
- Living Area: 4,470 SqFt
- Lot Size: 0.5134 Acres
- MLS Number: 2362917
- MLS Name: NWMLS
- Office Name: COMPASS
- Office Phone: (425) 242-6440
- Listing Agent: Jennifer Flood
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. Properties displayed may be listed or sold by various participants in the MLS.
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest Multiple Listing Service 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 © 2025 Northwest MLS. All rights reserved.
DMCA Notice
Disclaimer: 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. NorthwestMLS
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/20/2025, 4:32:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,128,000
5340 W Mercer Way
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 15, 2013 | Home Sold | $822,000 |
| Apr 30, 1998 | Home Sold | $678,000 |
| Dec 29, 1989 | Home Sold | $547,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2022 | $3,114,000 | $19,104 |
| 2021 | $2,328,000 | $17,148 |
| 2020 | $2,147,000 | $17,190 |
| 2018 | $2,126,000 | $15,980 |
| 2017 | $1,918,000 | $16,643 |
History based on county public records data.
Nearby schools
9
Island Park Elementary School
Public District KG-5
0.3 mi
•5437 Island Crest Way
9
West Mercer Elementary School
Public District KG-5
1.2 mi
•4141 81st Ave SE
9
Northwood Elementary School
Public District PK-5
1.4 mi
•4030 86th Ave SE
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $146,429. Most Mercer Island, WA residents have annual incomes between $100k-200k. Most families are married, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
8%
<35k
22%
35k-100k
37%
100k-200k
33%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
18%
Single, No Kids
5%
Single, with Kids
44%
Married, No Kids
33%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
11%
12-17 yrs old
8%
18-34 yrs old
48%
35-64 yrs old
18%
65+ yrs old
What do the neighbors do for fun?
Men's Tennis
Skiing/snowboarding- Tennis
Where do the neighbors shop?
Bloomingdales
Nordstrom
Brooks Brothers
Where do the neighbors go to eat?
Bonefish Grill
California Pizza Kitchen
Qdoba
What do the neighbors drive?
Lexus
BMW
Acura
What do the neighbors listen to?
News
Talk/Personality
Sports
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5340 W Mercer Way
The listing price of 5340 W Mercer Way property is $3,128,000.
The property 5340 W Mercer Way is a house located in Mercer Island, Washington, 98040.
Active Listing: 5340 W Mercer Way is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5340 W Mercer Way are: Island Park Elementary School (GreatSchools Rating 9/10), West Mercer Elementary School (GreatSchools Rating 9/10), Northwood Elementary School (GreatSchools Rating 9/10), Islander Middle School (GreatSchools Rating 9/10), Orca K-8 School (GreatSchools Rating 4/10), Ridson Middle School (GreatSchools Rating 4/10), Mercer Island High School (GreatSchools Rating 10/10), Rainier Valley Leadership Academy (GreatSchools Rating 5/10), Rainier Beach High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2022 is $19,104 (source: MLS/based on county public records data).
The last sale was on February 15, 2013 for $822,000 (source: MLS/tax record).
The property at 5340 W Mercer Way has 5 bedrooms and 4 full and 1 half bathrooms.
The property 5340 W Mercer Way is 4,470 SqFt (source: MLS/tax record).
The year of construction for 5340 W Mercer Way is 1978.
This home is located at 5340 W Mercer Way in Mercer Island, WA and zip code 98040 in the Parkwest neighborhood. This 4,470 square foot home, which was built in 1978, sits on a 0.51 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since April 21, 2025 and is currently priced at $3,128,000.
Over 7 listings were sold over their listed price in May 2025 in Mercer Island, WA. In the same period over 8 listings were sold below the listed price and 6 listings were sold for the listed price. The inventory of homes for sale in Mercer Island, WA between April and May 2025 increased by 37.1%. In May 2025, listings were on the market for 19 days. During the same period, the median list price in this real estate market was $2,382,500.
From Rocket Homes Real Estate and based on county public records data.