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5265 West Mercer WayMercer Island, WA 98040

For Sale

$8,150,000

Smart Buyer Rebate $81,500

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.

Listed by Kelly A. Malloy

·

Windermere West Metro

Last updated January 22, 2026

·

Source: NWMLS #2469842

Listing Facts

  • TypeSingle-family
  • NeighborhoodGroveland
  • Bedrooms4
  • Bathrooms2
  • Days on Prevu10
  • Taxes$58,757/year
  • Size3,880 sqft
  • Price per sqft$2,101

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

01/20/2026
Listed by Windermere West Metro
$8,150,000

Property Details for 5265 West Mercer Way

Exterior

Construction

  • Roof: Tile
  • Structure Type: House
  • Year Built: 1941
  • Construction Materials: Cement/Concrete, Stucco
  • Entry Location: Main
  • Exterior Features: Cement/Concrete, Stucco

Features

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

Measurements

  • Building Area Total: 3,880
  • Building Area Units: Square Feet
  • Lot Features: Dead End Street, Value In Land
  • Lot Size Acres: 0.64
  • Lot Size Square Feet: 28,009
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 2424049011
  • Tax Annual Amount: $58,757.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Dishwasher(s), Double Oven, Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Fireplaces Total: 2
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Features: Dining Room, Fireplace, French Doors, Jetted Tub, Skylight(s), Water Heater

Measurements

  • Living Area: 3,880

Rooms

  • Basement: Daylight, Finished
  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 4
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2

Other

Location

  • Subdivision Name: West Mercer

Parking

Parking

  • Attached Garage: Yes
  • Covered Spaces: 2
  • Garage: Yes
  • Parking Features: Driveway, Attached Garage, Off Street
  • Parking Total: 2

Schools

High School

  • High School District: Mercer Island

Utilities

Equipment

  • 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 4 bedrooms and 2 bathrooms in this single-family home at 5265 West Mercer Way.

Does this single-family home have parking?

Yes, there are 2 parking spaces available for 5265 West Mercer Way.

What are the annual taxes for 5265 West Mercer Way?

Annual taxes for this single-family home are estimated at $58,757.

How does 5265 West Mercer Way compare to other single-family homes in Groveland?

This single-family home is listed 96% above the average price for single-family homes in Groveland and has been on the market for 1 more day than the typical home in this area.

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

According to the MLS, this listing is 3,880 sqft.

5265 West Mercer Way is a 4-bedroom, 2-bath single-family home for sale in Mercer Island WA 98040. Available on Prevu for 10 days at $8,150,000. This property features 3,880 square feet of living space, located in Mercer Island. The median listing price for single-family homes in this area is $4,150,000. Property amenities include pets allowed and parking. Browse more 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.