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7204 78Th Avenue SE Mercer Island, WA $ 2,270,000
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$ 2,270,000 Get more info
7204 78Th Avenue SE
$ 2,270,000
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7204 78Th Avenue SE

Mercer Island, WA, 98040
$ 2,270,000
Bedrooms4 Baths1.1 Sq 2,260

Monthly Estimate*

$ 14,162

Listed by John L. Scott, Inc.
7204 78Th Avenue SE, Mercer Island, WA 98040 - Image 1
7204 78Th Avenue SE, Mercer Island, WA 98040 - Image 2
7204 78Th Avenue SE, Mercer Island, WA 98040 - Image 3
7204 78Th Avenue SE, Mercer Island, WA 98040 - Image 4

Single Family Home for sale in Mercer Island, WA

for $2,270,000 with 4 bedrooms and 1 full bath, 1 half bath. This 2,260 square foot home was built in 1958 on a lot size of 0.505.

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.

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Single Family Active

Price

$ 2,270,000

Bedrooms

4

Full Bath

1

Half Bath

1

Property Type

Single Family

Taxes

$ 12,852

Style

1 Story w/Bsmnt.

Lot Size

0.505

Year Built

1958

Town/City

Mercer Island

County/Region

King

MLS | Web ID

2389394
Features
General
Living Area 2260
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 2
Year Built 1958
View Territorial
Topography Partial Slope
Levels One
Property Subtype Single Family Residence
Tax Year 2025
County King
New Construction N
Property Type Residential
HOA N
Attached Garage Y
Subdivision Name South End
Garage Y/N Y
Full Baths 1
Special Listing Conditions None
Status Active
Directions GPS works just fine.
City Mercer Island
Entry Location Main
Senior Community Y/N N
High School District Mercer Island
MLS Area 510 - Mercer Island
Lot Size Units Square Feet
Lot Size Square Feet 22000
Carport Y/N N
Listing Terms Cash Out
Land Lease Y/N N
Tax Annual Amount 12852
Public Remarks Exceptional Development Opportunity on Mercer Island. A generous 22 000 sq ft corner lot in one of MIs most desirable neighborhoods. Preliminary subdivision approval grantedready to be divided into t
Structure Type House
Building Area Units Square Feet
Standard Status Active
Property Style 16 - 1 Story w/Bsmnt.
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Interior
Interior Amenities Fireplace
Basement Daylight Partially Finished
Total Fireplaces 2
Fireplace Features Wood Burning
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N Y
Half Baths 1
3/4 Baths 0
Total Bedrooms 4
Main Level Bedrooms 3
Total Baths 2
Fireplaces Main 1
Fireplaces Lower 1
Power Production Type Electric Oil Wood
Baths Three Quarter Garage 0
Baths Three Quarter Lower 0
Baths Three Quarter Main 0
Baths Three Quarter Upper 0
Bedrooms Lower 1
Bedrooms Upper 0
Baths Half Upper 0
Baths Half Main 0
Baths Half Lower 1
Baths Half Garage 0
Baths Full Upper 0
Baths Full Main 1
Baths Full Lower 0
Baths Full Garage 0
Bathrooms 1.5
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Exterior
Exterior Amenities Wood Products
Vegetation Garden Space
Parking Features Attached Garage
Lot Features Corner Lot Value In Land
Water Source Public
Total Parking 2
Building Area Total 3040
Lot Size Acres 0.505
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Site Features Deck Gas Available
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Internal Only
OriginalMLSID NWM2389394
Street Number 1 7204
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* Excluded Features
List By
Xia Zhao

Listing Agent

John L. Scott, Inc.

Broker

Affordability Calculator

$15,233
Per Month
93%
7%
0%
Monthly Principal & Interest
$14,162
Monthly Property Taxes
$1,071
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258844 Elementary School
257551 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/7/2025$2,270,000 Listed Price

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7204 78Th Avenue SE, Mercer Island, WA, 98040 is a Single Family Home for sale at $2,270,000 with 2,260 sqft and a lot size of 0.505. 7204 78Th Avenue SE has 4 bedrooms, 1.1 baths, and was built in 1958. The property's zip code is 98040 which is in Mercer Island, WA

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