2500 81st Avenue SE # 118 Mercer Island, WA $ 425,000
2500 81st Avenue SE # 118
$ 425,000
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2500 81st Avenue SE # 118

Mercer Island, WA, 98040
$ 425,000
Bedrooms2 Baths1.0 Sq 965

Monthly Estimate*

$ 2,617

Listed by Realogics Sotheby's Int'l Rlty
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Condo for sale in Mercer Island, WA

for $425,000 with 2 bedrooms and 1 full bath. This 965 square foot condo was built in 1960.

LOCATION, LOCATION, LOCATION Centrally located in the heart of Mercer Island (MI), this beautifully updated residence offers the ultimate convenience and lifestyle. Situated directly across from the future light rail station and steps to Luther Burbank Park, the MI Community Center, downtown Mercer Island, and scenic waterfront trails, this residence delivers unmatched accessibility. Rare features include no rental cap, rare covered assigned parking near the entrance, and a large onsite storage unit (#14). Amenities include elevator and a conference club room (currently under renovation). Inside this residence, enjoy a fully remodeled interior with a designer kitchen featuring a farmhouse sink, tastefully updated bathroom, new lightings, a fireplace, large screen doors, new closets and custom closet organizers. It also offers a private in-unit washer/dryer and air conditioning for year-round comfort. Bright, open living spaces flow seamlessly to an expansive 90-foot veranda with serene, unobstructed western exposure—perfect for sunset views and alfresco dining. Located in a top-rated school district with quick access to both Bellevue and Seattle, plus direct connectivity to regional walking and cycling trails, this is Mercer Island living at its finest. No rental cap provides unlimited options for owners at the most central location on the island. MUST SEE. Offers, if any, due by Tuesday, March 31st at 10AM.

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Condo Active

Price

$ 425,000

Bedrooms

2

Full Bath

1

Property Type

Condo

Taxes

$ 2,606

Style

Condo (1 Level)

Year Built

1960

Town/City

Mercer Island

County/Region

King

MLS | Web ID

2480792

Features
General
Living Area 0
Heating Baseboard
Cooling Window Unit(s)
Possession Closing
Roof Flat Torch Down
Appliances Dishwasher Disposal Dryer Refrigerator Stove(s)/Range(s)
HOA Fee 1053.51
Association Fee Includes Earthquake Insurance Lawn Service Road Maintenance Sewer Snow Removal Trash Water
Pets Allowed No See Remarks Subject to Restrictions
Year Built 1960
View City Territorial
Levels One
Unit Number 118
Property Subtype Condominium
Tax Year 2026
Community Features Club House Elevator High Speed Int Avail Laundry Room Lobby Entrance Outside Entry See Remarks
Building Name Mercer Isle Condominiums
Assoc Fee Paid Per Monthly
County King
New Construction N
Property Type Residential
HOA Y
Energy Efficient Insulated Windows
Subdivision Name Mercer Island
Facing Direction West
Full Baths 1
Special Listing Conditions None
Status Active
Directions From I-90 take Mercer Island Exit 7. Head south on 77th Ave SE turn left on SE 24th St then right on 81st Ave SE. Building is on the left across from the light rail station. Park @ visitor parking.
City Mercer Island
Senior Community Y/N N
High School District Mercer Island
MLS Area 510 - Mercer Island
Lot Size Units Square Feet
Lot Size Square Feet 0
Carport Y/N N
Listing Terms Cash Conventional
Tax Annual Amount 2606
Public Remarks LOCATION LOCATION LOCATION Centrally located in the heart of Mercer Island (MI) this beautifully updated residence offers the ultimate convenience and lifestyle. Situated directly across from the
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Water Company HOA
Unit Features Balcony/Deck/Patio Insulated Windows
Units In Building Total 89
Storage Locattion Level One
Parking Space Numbers 28
Common Property Features Clubhouse Elevator High Speed Int Avail Laundry Room Lobby Entrance Outside Entry See Remarks
Property Style 30 - Condo (1 Level)
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Interior
Interior Amenities Cooking-Electric Dryer-Electric Fireplace Insulated Windows Washer Water Heater
Flooring Vinyl Plank
Total Fireplaces 1
Fireplace Features See Remarks Wood Burning
Total Stories 3
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Half Baths 0
3/4 Baths 0
Laundry Features Electric Dryer Hookup Washer Hookup
Total Bedrooms 2
Main Level Bedrooms 2
Total Baths 1
Water Heater Type Electric
Water Heater Location Utility Room
Floor Number of Unit 2
Fireplaces Main 1
Power Production Type Electric
Baths Three Quarter Garage 0
Baths Three Quarter Lower 0
Baths Three Quarter Main 0
Baths Three Quarter Upper 0
Bedrooms Lower 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Half Main 0
Baths Half Lower 0
Baths Half Garage 0
Baths Full Upper 0
Baths Full Main 0
Baths Full Lower 0
Baths Full Garage 0
Bathrooms 1
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Exterior
Exterior Amenities Brick Wood Products
Parking Features Off Street Uncovered
Lot Features Curbs Open Space Paved Sidewalk
Total Parking 1
Inclusions Dishwasher(s) Dryer(s) Garbage Disposal Refrigerator(s) Stove(s)/Range(s)
Building Area Total 965
Lot Size Acres 0
Waterfront Y/N N
Covered Spaces 1
Irrigation Water Rights Y/N N
Dwelling Type Detached
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Internal Only
OriginalMLSID NWM2480792
Street Number 1 2500
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* Excluded Features
List By
Amy Thompson

Listing Agent

Realogics Sotheby's Int'l Rlty

Broker

Affordability Calculator

$2,834
Per Month
92%
8%
0%
Monthly Principal & Interest
$2,617
Monthly Property Taxes
$217
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
Pricing History
DatePricePrice ChangeDescription
3/20/2026$425,000 Listed Price

Map


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2500 81st Avenue SE # 118, Mercer Island, WA, 98040 is a Condo for sale at $425,000 with 965 sqft. 2500 81st Avenue SE # 118 has 2 bedrooms, 1.0 baths, and was built in 1960. The property's zip code is 98040 which is in Mercer Island, WA