$8,500,000
Est. $43,115/mo4 bd•1 ba•3,900 sq ft
8428 N Mercer Way, Mercer Island, WA 98040
• Listed 2025-03-31•15 days on market
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About this home
The epitome of waterfront living on Mercer Island's tranquil north shore. This rare rambler-style beach house offers a serene retreat with 4 bedrooms, including a primary suite boasting stunning views & 5-piece bath. The 85ft of private low-bank waterfront & sandy beach provide the perfect escape. Luther Burbank Park borders the west side, enhancing the natural beauty of the surroundings. Private dock w/covered boat & jet ski lifts offer unparalleled convenience. Spacious backyard features a large deck,Viking grill, sportcourt, hot tub, and panoramic views of Mt. Rainier & the Eastside. With an attached 3-car garage, this home seamlessly combines luxury with practicality. Newly refinished hardwood floors. Shared access with two neighbors to a 2nd dock and sandy beach next door with additional 15 feet of waterfront, bringing combined contiguous waterfront total to 100 feet.
Listed by Martin J. Ho • Berkshire Hathaway HS NW
Listing updated: May 13, 2026 at 12:26pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2353107
Open houses
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Around this home
Schools
Ratings via SchoolDigger- School #272914394Public · Grades K-5 · 9.8 mi · State rank 223 of 1,0004/10
- School #1541811007Public · Grades 6-8 · 3.9 mi · State rank 497 of 1,0004/10
- School #1863057894Public · Grades 9-12 · 4.7 mi—
Schools shown are the nearest public Elementary, Middle, and High school for this property. School district boundaries change — verify the assigned school with the district before purchasing.
Sold comparable homes
5 recent nearby sales, priced between $2.19M and $3.4M.
$2,185,000Last sold price
3619 81st Avenue Se, Mercer Island, WA 98040
$3,395,000Last sold price
9405 Se 33rd Street, Mercer Island, WA 98040
$2,510,000Last sold price
2400 74th Avenue Se, Mercer Island, WA 98040
Property details
Bedrooms
- 4 bedrooms total
Bathrooms
- 1 full bathroom
Mortgage payment forecast
$51,615 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedEstimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Lifestyle
5.2/10
Somewhat Walkable
Some errands can be done on foot
4.6/10
Some bikeability
Minimal bike infrastructure
3.9/10
Some Transit
A few nearby transit options
Provided by Walk Score
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Market pulse
Mercer Island is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 28 days.
Recent sales nearby
Within 1 mile · last 6 months$2,785,000 Sold
2 weeks ago
4 bd•2.5 ba•~3,270 sq ft•Single Family
3712 88th Avenue Se, Mercer Island, WA 98040
3%
Under list
—
Days on market
0.7 mi
Distance
$3,000,000 Sold
2 weeks ago
4 bd•3 ba•~4,240 sq ft•Single Family
8612 Se 36th Street, Mercer Island, WA 98040
8%
Under list
—
Days on market
0.5 mi
Distance
$3,900,000 Sold
4 weeks ago
4 bd•2.5 ba•~3,779 sq ft•Single Family
3406 97th Avenue Se, Mercer Island, WA 98040
2%
Under list
—
Days on market
0.9 mi
Distance
$2,700,000 Sold
5 weeks ago
4 bd•2.5 ba•~2,570 sq ft•Single Family
8841 Se 37th Street, Mercer Island, WA 98040
0%
Over list
—
Days on market
0.7 mi
Distance
$2,500 Sold
6 weeks ago
2 bd•1 ba•Single Family
2500 81st Avenue Se #332, Mercer Island, WA 98040
0%
Over list
—
Days on market
0.3 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data via RentCast · Updated May 2026
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of May 29, 2026 at 12:12 PM PDT (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
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