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4835 Forest Avenue SEMercer Island, WA 98040

For Sale

$5,000,000

Smart Buyer Rebate $50,000

PRICE IMPROVEMENT! There is still time to spend your summer playing on sparkling Lake Washington! With a tempting new price, opportunity beckons you to seize this rare chance to own a west-facing waterfront estate on Mercer Island's premier Gold Coast. Its exceptional street-to-water lot encompasses nearly half an acre edged by 53 feet of prized western shoreline. You’ll savor front row views across the lake to the Seattle skyline and Seward Park, arguably among the most breathtaking vistas on the Island. Fully rebuilt in 2017, the massive, covered dock is a boater's dream complete with two boat lifts—one ready to accommodate a vessel up to 50,000 pounds. A grandfathered boathouse at the water's edge is a true rarity that can no longer be replicated under today's shoreline regulations. After a day making memories out on the lake, colorful sunsets carry you home to your waterside lawn and beautifully terraced walkway leading up to even more views from the house. The main residence plus a separate apartment above are offered as a blank canvas ready for your vision…whether that's a thoughtful renovation of the original mid-century design, or a ground-up rebuild to fully capture this irreplaceable setting. Add your signature style and create a new legacy to be loved for generations to come. Waterfront aficionados will recognize this extraordinary, diamond in the rough prospect to secure incredible views, coveted waterfront, and a boater's dock that simply can't be recreated.

Listed by Julie Wilson

·

Windermere Mercer Island

Listed by Trish Coy

·

Windermere Mercer Island

Last updated July 28, 2026

·

Source: NWMLS #2551386

Listing Facts

  • TypeSingle-family
  • NeighborhoodWest Mercer
  • Bedrooms3
  • Bathrooms4
  • Days on Prevu24
  • Taxes$31,124/year
  • Size3,670 sqft
  • Price per sqft$1,362

Amenities

  • Dishwasher
  • Washer/Dryer
  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

07/27/2026
Price Decreased
$5,000,000
07/08/2026
Listed by Windermere Mercer Island
$5,450,000

Property Details for 4835 Forest Avenue SE

Exterior

Construction

  • Property Condition: Fixer
  • Roof: See Remarks, Torch Down
  • Structure Type: House
  • Year Built: 1958
  • Building Name: Flood-Dearborn Add
  • Construction Materials: Metal/Vinyl
  • Entry Location: Main
  • Exterior Features: Metal/Vinyl

Features

  • Direction Faces: West
  • View: City, Lake, Mountains, Territorial
  • Waterfront Features: Low Bank, Bulkhead, Lake
  • Waterfront: Yes

Measurements

  • Building Area Total: 4,110
  • Building Area Units: Square Feet
  • Lot Features: Dead End Street, Paved
  • Lot Size Acres: 0.47
  • Lot Size Square Feet: 20,597
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 2574900190
  • Tax Annual Amount: $31,124.00
  • Tax Year: 2026

Interior

Features

  • Appliances: Dishwasher, Disposal, Double Oven, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
  • Fireplace Features: Gas, Wood Burning
  • Fireplace: Yes
  • Fireplaces Total: 3
  • Flooring: Ceramic Tile, Vinyl Plank, Carpet
  • Interior Features: Dbl Pane/Storm Window, Dining Room, Fireplace, Fireplace (Primary Bedroom), Jetted Tub, Security System, Sprinkler System, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater, Wine Cellar, Wired For Generator

Measurements

  • Living Area: 3,670

Rooms

  • Basement: Daylight, Partially Finished
  • Bathrooms Full: 3
  • Bathrooms Three Quarter: 1
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 3
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1

Other

Location

  • Subdivision Name: Westside

Parking

Parking

  • Carport: Yes
  • Covered Spaces: 4
  • Parking Features: Attached Carport, Driveway, Off Street
  • Parking Total: 4

Schools

Elementary School

  • Elementary School: Buyer To Verify

High School

  • High School: Mercer Isl High
  • High School District: Mercer Island

Middle or Junior School

  • Middle Or Junior School: Islander Mid

Utilities

Equipment

  • Has Cooling: Yes
  • Has Heating: Yes
  • Sewer: Sewer Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this single-family home have?

There are 3 bedrooms and 4 bathrooms in this single-family home at 4835 Forest Avenue SE.

What schools are nearby to 4835 Forest Avenue SE?

Nearby schools include the Buyer To Verify Elementary School, Islander Mid Middle School, and Mercer Isl High.

Does this single-family home have parking?

Yes, there are 4 parking spaces available for 4835 Forest Avenue SE.

What are the annual taxes for 4835 Forest Avenue SE?

Annual taxes for this single-family home are estimated at $31,124.

How does 4835 Forest Avenue SE compare to other single-family homes in West Mercer?

This single-family home is listed 20% below the average price for single-family homes in West Mercer and has been on the market for 16 less days than the typical home in this area.

What building or home owners association is the single-family home part of?

This single-family home is in the Flood-Dearborn Add building.

What is the square footage on this single-family home?

According to the MLS, this listing is 3,670 sqft.

4835 Forest Avenue SE is a 3-bedroom, 4-bath single-family home for sale in Mercer Island WA 98040. Available on Prevu for 24 days at $5,000,000. This includes a recent price decrease of $450,000. This residence features 3,670 square feet of living space, located in West Mercer. The median listing price for single-family homes in this area is $4,650,000. Nearby schools include Buyer To Verify Elementary School, Islander Mid Middle School, and Mercer Isl High. The home offers dishwasher, pets allowed, parking, and washer/dryer. View other single-family home 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.