2500 81st Avenue SE # 118 Mercer Island, WA $ 399,950
2500 81st Avenue SE # 118
$ 399,950
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2500 81st Avenue SE # 118

Mercer Island, WA, 98040
$ 399,950
Bedrooms2 Baths1.0 Sq 965

Monthly Estimate*

$ 2,525

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

for $399,950 with 2 bedrooms and 1 full bath. This 965 square foot condo was built in 1960.

PRICE IMPROVED + SELLER PAYS 6 MONTHS OF HOA DUES! Discover one of the best values in downtown Mercer Island. This beautifully remodeled residence is ideally located directly across from the new light rail station and just moments from Luther Burbank Park, downtown Mercer Island, the Community Center, waterfront parks, and regional walking and biking trails. Enjoy rare features including no rental cap, a conveniently located covered carport near the entrance, large storage unit (#14), and an approved, recorded in-unit washer/dryer. Building amenities include an elevator and club/conference room (currently being renovated). The fully renovated interior features a designer kitchen with farmhouse sink, updated bathroom, new lighting, fireplace, custom closet organizers, air conditioning, and a private in-unit washer/dryer. Bright, open living spaces extend to an expansive west-facing veranda—perfect for relaxing, entertaining, and enjoying beautiful sunset views. Located in Mercer Island's award-winning school district with quick access to both Seattle and Bellevue, this home offers exceptional convenience, flexibility, and investment potential. Price has been significantly improved, and the seller will pay 6 months of HOA dues—making this an exceptional opportunity for homeowners and investors alike.

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Condo Active

Price

$ 399,950

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 1070.7
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 Y
Listing Terms Cash Conventional
Tax Annual Amount 2606
Public Remarks PRICE IMPROVED + SELLER PAYS 6 MONTHS OF HOA DUES! Discover one of the best values in downtown Mercer Island. This beautifully remodeled residence is ideally located directly across from the new l
Structure Type House
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 Carport 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

$2,742
Per Month
92%
8%
0%
Monthly Principal & Interest
$2,525
Monthly Property Taxes
$217
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
7/17/2026$399,950 -3.63% Price Down
4/29/2026$415,000 -2.35% Price Down
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 $399,950 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