#2294371, Lily Koshiro, Listing Office: South Lake Associates Inc.
#2273930·
Listing Office: Realogics Sothebys Intl Rlty·
Listing Agent: Grace Yu·
Listing Office Phone: 425-800-0310
5438 E Mercer Way Mercer Island, WA 98040
$5,980,000 List price
5 beds
2 full, 1 partial
3,750 sqft
0.6 acres
$1,595 / sqft
House
Property details
About 5438 E Mercer Way
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.
Highlights
HeatingForced Air
StatusActive
Size3,750 sqft
BasementYes
Lot size0.58 Acres
Year built1960
ParkingDetached Carport
MLS #2273930
WaterfrontSeawall, Lake Front
FireplaceWood Burning
ViewLake, Mountain(s), Territorial
Virtual tour
Summary
- MLS Number: 2273930
- MLS Name: NWMLS
- 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. Properties displayed may be listed or sold by various participants in the MLS.
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: 2/7/2025, 9:17:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$5,980,000
5438 E Mercer Way
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 27, 2019 | Home Sold | $3,618,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2022 | $5,002,000 | $30,676 |
| 2021 | $3,644,000 | $26,832 |
| 2020 | $3,218,000 | $25,756 |
| 2018 | $3,406,000 | $25,592 |
| 2017 | $3,288,000 | $28,522 |
History based on county public records data.
Nearby schools
9
Island Park Elementary School
Public District KG-5
0.6 mi
•5437 Island Crest Way
7
Newport Heights Elementary School
Public District KG-5
1.4 mi
•5225 119th Ave SE
9
Northwood Elementary School
Public District PK-5
1.5 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 $167,949. The most common annual income of people living in Mercer Island, WA is $200k+. The most common type of family is married, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
4%
<35k
22%
35k-100k
33%
100k-200k
41%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
17%
Single, No Kids
7%
Single, with Kids
43%
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
12%
12-17 yrs old
7%
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 5438 E Mercer Way
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.
In January 2025, from all listings sold in Mercer Island, WA there were more than 1 sold above asking price, over 3 sold below and more than 0 were sold right at the asked price. The inventory of homes for sale in Mercer Island, WA between December and January 2025 increased by 12.5%. In January 2025 median list price was $2,325,000 and the average listing age was 71 days.
From Rocket Homes Real Estate and based on county public records data.