5265 West Mercer Way Mercer Island, WA $ 8,150,000
5265 West Mercer Way
$ 8,150,000
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5265 West Mercer Way

Mercer Island, WA, 98040
$ 8,150,000
Bedrooms4 Baths2.0 Sq 3,880

Monthly Estimate*

$ 50,181

Listed by Windermere West Metro
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Single Family Home for sale in Mercer Island, WA

for $8,150,000 with 4 bedrooms and 2 full baths. This 3,880 square foot home was built in 1941 on a lot size of 0.643.

A rare west-facing Mercer Island waterfront legacy, this extraordinary offering presents a once in a generation opportunity to create an iconic estate. Set on approximately 28,000 square feet of private, forested grounds with 150 feet of shoreline, the property commands sweeping views of Seattle’s skyline, Seward Park, glowing sunsets, and the dynamic beauty of Lake Washington. The setting feels tranquil and secluded, yet remains moments from the heart of Mercer Island and within effortless reach of Seattle, Bellevue, Issaquah, and year round mountain recreation. A private dock supports an exceptional lakeside lifestyle with boating, swimming, paddleboarding, and long summer days on the water. The existing 3880 sq foot residence is rich in timeless character and presents an ideal candidate for a comprehensive gut renovation, preserving its soul while elevating it to modern luxury standards, or alternatively offers a compelling canvas for new construction that fully maximizes the premier west side waterfront setting. Located in one of Mercer Island’s most coveted neighborhoods, this rare property benefits from top rated schools, a strong community, and enduring long term value through irreplaceable land and views.

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Single Family Active

Price

$ 8,150,000

Bedrooms

4

Full Bath

2

Property Type

Single Family

Taxes

$ 58,757

Style

1 Story w/Bsmnt.

Lot Size

0.643

Year Built

1941

Town/City

Mercer Island

County/Region

King

MLS | Web ID

2469842

Features
General
Living Area 3880
Sewer Sewer Connected
Heating Baseboard Forced Air
Cooling None
Possession Closing
Roof Tile
Appliances Dishwasher(s) Double Oven Dryer(s) Refrigerator(s) Stove(s)/Range(s) Washer(s)
HOA Fee 0
Year Built 1941
View City Lake Territorial
Topography Level Partial Slope Terraces
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Waterfront Features Low Bank Lake
County King
New Construction N
Property Type Residential
HOA N
Attached Garage Y
Subdivision Name West Mercer
Facing Direction West
Garage Y/N Y
Full Baths 2
Special Listing Conditions None
Status Active
Directions GPS will take you too far on W Mercer Way. Review map in Supplements for most accurate directions. Turn on 82nd Ave SE and then first left on Forest and follow Forest down to the water. House on left
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 28009
Carport Y/N N
Listing Terms Cash Out Conventional
Land Lease Y/N N
Tax Annual Amount 58757
Public Remarks A rare west-facing Mercer Island waterfront legacy this extraordinary offering presents a once in a generation opportunity to create an iconic estate. Set on approximately 28 000 square feet of priva
Virtual Tour https://vimeo.com/1153438030
Structure Type House
Building Area Units Square Feet
Standard Status Active
Water Company City of Mercer Island
Property Style 16 - 1 Story w/Bsmnt.
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Interior
Interior Amenities Dining Room Fireplace French Doors Jetted Tub Skylight(s) Water Heater
Basement Daylight Finished
Flooring Ceramic Tile Hardwood Carpet
Total Fireplaces 2
Fireplace Features Wood Burning
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N Y
Half Baths 0
3/4 Baths 0
Total Bedrooms 4
Main Level Bedrooms 2
Total Baths 2
Water Heater Type Electric
Water Heater Location Basement
Fireplaces Main 1
Fireplaces Lower 1
Power Production Type Oil
Baths Three Quarter Garage 0
Baths Three Quarter Lower 0
Baths Three Quarter Main 0
Baths Three Quarter Upper 0
Bedrooms Lower 2
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 1
Baths Full Lower 1
Baths Full Garage 0
Bathrooms 2
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Exterior
Exterior Amenities Cement/Concrete Stucco
Parking Features Driveway Attached Garage Off Street
Lot Features Dead End Street Value In Land
Water Source Public
Total Parking 2
Inclusions Dishwasher(s) Double Oven Dryer(s) Refrigerator(s) Stove(s)/Range(s) Washer(s)
Building Area Total 3880
Lot Size Acres 0.643
Waterfront Y/N Y
Covered Spaces 2
Irrigation Water Rights Y/N N
Waterfront Footage 150
Site Features Deck Dock
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Internal Only
OriginalMLSID NWM2469842
Street Number 1 5265
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* Excluded Features
List By
Kelly A. Malloy

Listing Agent

Windermere West Metro

Broker

Affordability Calculator

$55,077
Per Month
91%
9%
0%
Monthly Principal & Interest
$50,181
Monthly Property Taxes
$4,896
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
1/21/2026$8,150,000 Listed Price

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5265 West Mercer Way, Mercer Island, WA, 98040 is a Single Family Home for sale at $8,150,000 with 3,880 sqft and a lot size of 0.643. 5265 West Mercer Way has 4 bedrooms, 2.0 baths, and was built in 1941. The property's zip code is 98040 which is in Mercer Island, WA