LOCATION, LOCATION, LOCATION Price revision: the most compelling remodeled residence in downtown MI. Centrally located in the heart of Mercer Island (MI), this beautifully updated residence offers the ultimate convenience and lifestyle. Situated directly across from the newly opened 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.
Listed by Amy Thompson
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Realogics Sotheby's Int'l Rlty
Last updated May 01, 2026
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Source: NWMLS #2480792
Listing Facts
TypeCondo
NeighborhoodNorth End
Bedrooms2
Bathrooms1
Days on Prevu42
HOA/Maint. Fees$1,053.51/month
Taxes$2,606/year
Amenities
Dishwasher
Washer/Dryer
Pets Allowed
Parking
Location
Mortgage Calculator
Listing History
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: $1,053.51 Monthly
Association Fee Includes: Earthquake Insurance, Lawn Service, Road Maintenance, Sewer, Snow Removal, Trash, Water
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
Covered Spaces: 1
Parking Features: 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 Mercer Island?
This condo is listed 33% below the average price for condos in Mercer Island and has been on the market for 14 less 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 42 days at $415,000. This includes a recent price decrease of $10,000. This home is located in Mercer Island. The median listing price for condos in this area is $3,298,000. Property amenities include dishwasher, pets allowed, parking, and washer/dryer. View other 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.
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.
