7204 78Th Avenue SE, Mercer Island, WA 98040

$1,800,000
4
BD
2
BA
2,260
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Listing courtesy of John L. Scott, Inc.. Selling Office: Coldwell Banker Bain.

Sold Price
$1,800,000
List Price
$2,099,000
Status
SOLD
MLS#
2520530
Closing Date
Aug 24, 2026
Days on Market
60
Bedrooms
4
Finished SqFt
2,260
Area Total SqFt
3040
Annual Tax Ammount
12852
Lot Size (sq ft)
22,000
Fireplace
Yes
Sewer
Sewer Connected

Property Description

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.

Additional Information

Community
South End
Style
16 - 1 Story w/Bsmnt.
Basement
Daylight, Partially Finished
Year Built
1958
Total Covered Parking
2
View
Territorial
Roof
Composition
Site Features
Deck, Gas Available
Tax Year
2025
School District
Mercer Island
Potential Terms
Cash
Interior Features
Fireplace
Driving Directions
GPS works just fine.
Energy Source
Electric, Oil, Wood
Based on information submitted to the MLS GRID as of . 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.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks