Active
Listed by Xia Zhao • John L. Scott, Inc..
FOR SALE
$2,099,000
Est. $10,647/mo4 bd•0.5 ba•2,260 sq ft
7204 78th Avenue Se, Mercer Island, WA 98040
• Listed 2026-05-08•21 days on market
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About this home
Exceptional Development Opportunity on Mercer Island. A generous 22,000 sq ft corner lot in one of MI’s most desirable neighborhoods. Site Development permitting is in process. The lot’s regular shape supports optimal design flexibility, allowing future homes to maximize the 40% FAR. Enjoy an unbeatable location just minutes from the lake, parks, shopping, and top-rated schools—all within walking distance. An existing home on the property has been modestly updated. Whether you’re a builder, investor, or homeowner with vision, this is a prime opportunity to capitalize on the scarcity of developable land on MI. Bring your team and start the permitting process.
Property type
Single Family
Year built
1958
Interior
2,260 sq ft
Around this home
Sold comparable homes
5 recent nearby sales, priced between $1.7M and $2.92M.
SOLD JUN 12, 2025
$1,700,000Last sold price
4 beds1.5 baths2,271 sq ft
7215 76th Avenue Se, Mercer Island, WA 98040
$749/sq ft15 years newer
SOLD JUL 2, 2025
$2,250,000Last sold price
3 beds0.5 baths2,255 sq ft
7834 Se 75th Place, Mercer Island, WA 98040
$998/sq ft8 years newer
SOLD JUN 18, 2025
$2,349,000Last sold price
4 beds1 baths2,030 sq ft
7965 Se 67 Street, Mercer Island, WA 98040
$1157/sq ft5 years newer
Property details
Bedrooms
- 4 bedrooms total
Bathrooms
- 1 half bathroom
Mortgage payment forecast
$12,746 per month
Great ratePrincipal and interest
Property taxes
HOA dues
Home insurance
Takes about 5 minutes & won't affect your credit
Get pre-approvedPlan your offer with a RexMont buyer specialistWalk through escalation strategy, contingencies, and competing-offer risk in this neighborhoodCompare loan options30-yr fixed, 15-yr, FHA, VA, jumbo
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of May 29, 2026 at 1:47 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.
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