$10,000 Closing Credit¹
#2378643, Andrew C Jackson, Listing office: COMPASS
#2389394·
Listing office: John L. Scott, Inc.·
Listing agent: Xia Zhao·
Listing office phone: 425-883-6464
$2,270,000 List price
7204 78th Ave SE Mercer Island, WA 98040
$10,000
Closing credit¹
4 beds
1 full, 1 partial
3,040 sqft
0.5 acres
$747 / sqft
House
Property details
About 7204 78th Ave SE
Exceptional Development Opportunity on Mercer Island. A generous 22,000 sq ft corner lot in one of MI’s most desirable neighborhoods. Pre-app with the City is complete with 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.
Highlights
HeatingForced Air
StatusActive
Size3,040 sqft
BasementYes
Lot size0.505 Acres
Year built1958
ParkingAttached Garage
MLS #2389394
Attached garage2 spaces
FireplaceWood Burning
ViewTerritorial
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 1
- Basement: Yes
- Interior: Fireplace
- Fireplace: Wood Burning
- Total Bedroom Count: 4
- Garage Space: 2 spaces
- Attached Garage: Yes
- Parking: Attached Garage
- View: Territorial
- Exterior: Wood Products
- Heating: Forced Air
- Cooling: None
- List Price: $2,270,000
- Price/SqFt: $746
- HOA Amount: $0
- Annual Tax Amount: $12,883
- Tax Year: 2022
- Lot: Corner Lot
- Directions: GPS works just fine.
- Year Built: 1958
- Living Area: 3,040 SqFt
- Lot Size: 0.505 Acres
- MLS Number: 2389394
- MLS Name: NWMLS
- Office Name: John L. Scott, Inc.
- Office Phone: (425) 883-6464
- Listing Agent: Xia Zhao
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: 6/8/2025, 2:47:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$2,270,000
7204 78th Ave SE
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 04, 2021 | Home Sold | $1,680,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2022 | $2,099,000 | $12,883 |
| 2021 | $1,569,000 | $11,563 |
| 2020 | $1,418,000 | $11,359 |
| 2018 | $1,164,000 | $8,755 |
| 2017 | $1,054,000 | $9,151 |
History based on county public records data.
Nearby schools
9
Lakeridge Elementary School
Public District KG-5
0.5 mi
•8215 SE 78th St
9
Island Park Elementary School
Public District KG-5
1.2 mi
•5437 Island Crest Way
4
Graham Hill Elementary School
Public District PK-5
1.7 mi
•5149 S Graham St
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 $197,074. Most Mercer Island, WA residents have annual incomes $200k+. The majority of families are 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?
3%
<35k
19%
35k-100k
29%
100k-200k
49%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
12%
Single, No Kids
2%
Single, with Kids
44%
Married, No Kids
42%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
11%
12-17 yrs old
9%
18-34 yrs old
47%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
Skiing/snowboarding
Men's Tennis- Tennis
Where do the neighbors shop?
Nordstrom
Bloomingdales
Brooks Brothers
Where do the neighbors go to eat?
California Pizza Kitchen
Bonefish Grill
Qdoba
What do the neighbors drive?
BMW
Lexus
Acura
What do the neighbors listen to?
Talk/Personality
News
Sports
All data provided by Home Junction and Claritas
Similar homes for sale
4 days on Rocket
$10,000 Closing Credit¹
#2386097, Robyn Kimura Hsu, Listing office: Realogics Sothebys Intl Rlty
$10,000 Closing Credit¹
#2374745, Robyn Kimura Hsu, Listing office: Realogics Sothebys Intl Rlty
Tour
#2377965, Joan C. Bayley, Listing office: Windermere Real Estate/East
Tour
$10,000 Closing Credit¹
#2366743, Christy B Shiers, Listing office: Windermere Real Estate/East
$10,000 Closing Credit¹
#2382161, Curtis Brown, Listing office: Windermere Real Estate/East
$10,000 Closing Credit¹
#2356024, Stacey Kruus, Listing office: Realogics Sothebys Intl Rlty
4 days on Rocket
$10,000 Closing Credit¹
#2384319, Wes Jones, Listing office: Keller Williams Rlty Bellevue
#2342451, Laurie Pettigrew Givan, Listing office: Windermere Mercer Island
$10,000 Closing Credit¹
#2377732, Jimmy M. Pliego, Listing office: John L. Scott, Inc.
Frequently asked questions
About 7204 78th Ave SE
The listing price of 7204 78th Ave SE property is $2,270,000.
The property 7204 78th Ave SE is a house located in Mercer Island, Washington, 98040.
Active Listing: 7204 78th Ave SE is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 7204 78th Ave SE are: Lakeridge Elementary School (GreatSchools Rating 9/10), Island Park Elementary School (GreatSchools Rating 9/10), Graham Hill Elementary School (GreatSchools Rating 4/10), Islander Middle School (GreatSchools Rating 9/10), South Shore PK-8 School (GreatSchools Rating 5/10), Orca K-8 School (GreatSchools Rating 4/10), Rainier Beach High School (GreatSchools Rating 3/10), Alan T. Sugiyama High School (GreatSchools Rating 2/10), Rainier Valley Leadership Academy (GreatSchools Rating 5/10).
According to the records, the last property tax for 2022 is $12,883 (source: MLS/based on county public records data).
The last sale was on November 4, 2021 for $1,680,000 (source: MLS/tax record).
The property at 7204 78th Ave SE has 4 bedrooms and 1 full and 1 half bathrooms.
The property 7204 78th Ave SE is 3,040 SqFt (source: MLS/tax record).
The year of construction for 7204 78th Ave SE is 1958.
This home is located at 7204 78th Ave SE in Mercer Island, WA and zip code 98040 in the Island Point neighborhood. This 3,040 square foot home, which was built in 1958, sits on a 0.51 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 7, 2025 and is currently priced at $2,270,000.
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 number of listings in Mercer Island, WA increased by 37.1% between April and May 2025. The median list price of listings available in May 2025 was $2,382,500, while the average time on the real estate market was 19 days.
From Rocket Homes Real Estate and based on county public records data.