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2500 81st Avenue SE 118, Mercer Island WA 98040
2500 81st Avenue SE 118, Mercer Island WA 98040
Washington>Mercer Island>North End

2500 81st Avenue SE 118Mercer Island, WA 98040

For Sale

$399,950

Smart Buyer Rebate $4,000

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.

Listed by Amy Thompson

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Realogics Sotheby's Int'l Rlty

Last updated July 22, 2026

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Source: NWMLS #2480792

Listing Facts

  • TypeCondo
  • NeighborhoodNorth End
  • Bedrooms2
  • Bathrooms1
  • Days on Prevu134
  • HOA/Maint. Fees$1,070.7/month
  • Taxes$2,606/year

Amenities

  • Dishwasher
  • Washer/Dryer
  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

07/17/2026
Price Decreased
$399,950
06/28/2026
Status changed to Active
$415,000
06/20/2026
Status changed to Pending
$415,000
04/28/2026
Price Decreased
$415,000
03/20/2026
Listed by Realogics Sotheby's Int'l Rlty
$425,000

Property Details for 2500 81st Avenue SE 118

Association

Amenities

  • Community Features: Club House, Elevator, High Speed Int Avail, Laundry Room, Lobby Entrance, Outside Entry, See Remarks
  • Pets Allowed: No, See Remarks, Subject to Restrictions

Fees

  • Association Fee: $1,070.70 Monthly
  • Association Fee Includes: Earthquake Insurance, Lawn Service, Road Maintenance, Sewer, Snow Removal, Trash, Water

General

  • Number Of Units In Community: 89

Exterior

Construction

  • Number Of Units Total: 89
  • Roof: Flat, Torch Down
  • Stories Total: 3
  • Structure Type: House
  • Year Built: 1960
  • Building Name: Mercer Isle Condominiums
  • Construction Materials: Brick, Wood Products
  • Exterior Features: Brick, Wood Products

Features

  • Direction Faces: West
  • View: City, Territorial

Measurements

  • Building Area Total: 965
  • Building Area Units: Square Feet
  • Lot Features: Curbs, Open Space, Paved, Sidewalk
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 545150028003
  • Tax Annual Amount: $2,606.00
  • Tax Year: 2026

Interior

Features

  • Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Stove(s)/Range(s)
  • Fireplace Features: See Remarks, Wood Burning
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Flooring: Vinyl Plank
  • Interior Features: Cooking-Electric, Dryer-Electric, Fireplace, Insulated Windows, Washer, Water Heater

Rooms

  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 2
  • Main Level Bedrooms: 2

Other

Environmental

  • Green Energy Efficient: Insulated Windows

Location

  • Subdivision Name: Mercer Island

Parking

Parking

  • Carport: Yes
  • Covered Spaces: 1
  • Parking Features: Carport, Off Street, Uncovered
  • Parking Total: 1

Schools

High School

  • High School District: Mercer Island

Utilities

Equipment

  • Has Cooling: Yes
  • Has Heating: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There are 2 bedrooms and 1 bathroom in this condo at 2500 81st Avenue SE 118.

Does this condo have parking?

Yes, there is 1 parking space available for 2500 81st Avenue SE 118.

Are pets allowed at 2500 81st Avenue SE?

Yes, 2500 81st Avenue SE allows pets. Check the Property Details for any relevant restrictions.

What are the annual taxes for 2500 81st Avenue SE 118?

Annual taxes for this condo are estimated at $2,606.

How does 2500 81st Avenue SE 118 compare to other condos in North End?

This condo is listed 2% below the average price for condos in North End and has been on the market for 58 more days than the typical home in this area.

What building or home owners association is the condo part of?

This condo is in the Mercer Isle Condominiums building.

2500 81st Avenue SE 118 is a 2-bedroom, 1-bath condo for sale in Mercer Island WA 98040. Listed on Prevu for 134 days at $399,950. This includes a recent price decrease of $15,050. This property is located in Mercer Island. The median listing price for condos in this area is $424,950. Property amenities include dishwasher, pets allowed, parking, and washer/dryer. Browse more condo listings in Mercer Island.

Based on information from NWMLS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.