Mercer Island Homes with FHA Terms

Mercer Island Homes with FHA Terms

Located in the beautiful state of Washington, Mercer Island is a captivating city that offers an idyllic setting for residents. Situated in King County, this charming island city is a popular choice for those looking for a peaceful and close-knit community while still being within easy reach of the bustling city of Seattle.

Mercer Island is known for its stunning natural beauty, with lush greenery, picturesque parks, and breathtaking waterfront views. The island is surrounded by the sparkling waters of Lake Washington, providing residents with ample opportunities for water activities such as boating, fishing, and kayaking.

One of the key aspects that make Mercer Island an attractive place to live is its proximity to Seattle. Just a short drive away, residents can easily access the vibrant city's amenities, including world-class dining, shopping, and entertainment options.

For those looking to buy a home in Mercer Island, the availability of FHA terms is a significant advantage. FHA loans are a type of mortgage that is insured by the Federal Housing Administration, making it easier for homebuyers to qualify for a loan with a lower down payment requirement.

With FHA terms available, prospective homeowners in Mercer Island have more flexibility and accessibility to the real estate market. Whether you're a first-time buyer or looking to upgrade your current home, the FHA terms in Mercer Island can help make your dream of homeownership a reality.

In conclusion, Mercer Island offers a serene and picturesque setting for residents, with its natural beauty and close proximity to Seattle. With the availability of FHA terms, buying a home in Mercer Island becomes even more attainable for potential buyers.

Newest Mercer Island Homes with FHA Terms

$1,895,000
4 Beds ⋅ 3 Baths ⋅ 2562650 MLS ⋅ ACTIVE Status
This thoughtfully updated mid century rambler offers 4 bedrooms, 3 bathrooms, and nearly 2,300 square feet of light filled living space on a rare, flat one third acre lot in the heart of Mercer Island. Walls of windows and beautifully refinished hardwood floors create a seamless connection between the indoors and the surrounding landscape. At the center of the home, the designer kitchen pairs terrazzo quartz countertops with a full height matching backsplash, custom cabinetry, a five burner gas range, and carefully selected lighting and hardware that elevate the space without sacrificing warmth or function. Primary suite provides a true retreat, featuring heated terrazzo tile floors, a spacious walk in shower, and dramatic floor to ceiling fluted tile. Outside, the experience is equally compelling. A generous driveway with turnaround space and a fully fenced backyard is surrounded by mature landscaping with established roses and rare mosses, while distinctive rain chains add an architectural touch that celebrates the Pacific Northwest. Whether you’re entertaining on summer evenings, watching pets play, or enjoying a quiet morning coffee, the outdoor spaces feel both private and peaceful. Minutes from parks, restaurants, cafés, and boutiques, award winning Mercer Island schools, and I-90 for an easy commute to both Seattle and Bellevue, this home blends iconic mid century design with modern comfort in one of the Eastside’s most desirable neighborhoods.

4215 Island Crest Way, Mercer Island

Listing courtesy of Inspire Realty.

$2,698,000
4 Beds ⋅ 4 Baths ⋅ 2563674 MLS ⋅ ACTIVE Status
Picture-perfect traditional in the south-end's desirable Mercer Ridge. Taken down to the studs and rebuilt with a brand-new addition in 2017, this two-story lives like new. A gracious two-story entry opens to a formal sitting room, dining room, and great room, with rich hardwoods running throughout the main floor. The chef's kitchen anchors it all: crisp white shaker cabinets, quartz counters, stainless appliances, and a built-in window seat. The mud/laundry room is the true hub of the house, island and all, ready for crafting, homework, or play. French doors lead to an enormous, fully fenced, pancake-flat backyard built for pick-up ball games, water balloons, and long summer BBQs. Out front, dinner-plate hydrangeas bloom in July and the front porch looks out on a friendly, connected street where impromptu cookouts and sprinkler runs are the norm. Upstairs holds 4 bedrooms plus a dedicated home office with a bright, green, tree-lined backdrop. The romantic primary suite pairs a built-in window seat with a luxe bath and timeless finishes. Roof, plumbing, wiring, central air, and Hardie siding all date to the studs-out 2017 rebuild, along with a full sprinkler system across the level, professionally landscaped grounds. Tranquil setting with an easy stroll to Pioneer Park, QFC Village, Island Park Elementary, and the clubs (MICC, MIBC); the Mercer Island Beach Club and its summer swim meets sit just minutes away. Move-in ready, well cared for, and truly built to be lived in now.

6543 81st Avenue SE, Mercer Island

Listing courtesy of Real Residential.

$4,600,000
5 Beds ⋅ 6 Baths ⋅ 2564420 MLS ⋅ ACTIVE Status
From the moment you enter this magnificent home, you will be enchanted by its blend of classic elegance, custom quality and modern ease. A soaring foyer and sun-drenched interiors dressed in natural marble, slate, cherry, walnut, and alder finishes. The fireside living room and adjacent dining area gracefully accommodate gatherings with their glittering chandeliers, exquisite millwork, & beautiful built-in buffet. Beyond, a well-appointed great room forms the heart of the home with a cozy fireplace flanked by lovely built-ins plus an informal dining area, all flowing to the grand kitchen. Dual Miele dishwashers, Viking 6-burner range, built-in SubZero, walk-in pantry, & planning desk make it easy to host a crowd. Open the garden doors for parties on the private deck and level lawn while you grill at the covered barbecue station. The fun continues downstairs in the generous rec room, nearby bonus room, & wine cellar. At the end of the day, your owner's suite is a true retreat offering sparkling lake views, a romantic fireplace, dual walk-in closets, & a luxurious jetted soaking tub. Four more bedrooms + a main floor office with en-suite bath (or potential guest suite) provide ample flex space. Extras include central A/C, built-in audio, a safe & an oversized 3-car garage with storage. Just a stroll away from 2 public lake areas for swimming & picnicking, downtown shops, dining, Luther Burbank Park, Lid Park, and the new Light Rail. Amazing lifestyle & walkability!

2212 77th Avenue SE, Mercer Island

Listing courtesy of Windermere Mercer Island.

$3,500,000
4 Beds ⋅ 4 Baths ⋅ 2562497 MLS ⋅ ACTIVE Status
Perched on Mercer Island with sweeping views of Lake Washington and the Seattle skyline, this one-of-a-kind custom residence blends old-world craftsmanship with timeless Northwest elegance. Built in 1998 and inspired by the grandeur of the iconic Stimson-Green Mansion, this home captures rare architectural detail and vintage charm at every turn. Enter through the custom 8-foot door and marvel at the grand staircase with exact molds detailed from the Stimson-Green Mansion, antique European lighting and rich quarter-sawn oak floors span throughout the entire home - no detail was missed. Designed for both comfort and statement living, the home offers four fireplaces, including three marble gas fireplaces and a dramatic double-sided centerpiece. Expansive windows frame breathtaking views from every room, filling the home with natural light and ever-changing scenery.The exterior is equally remarkable, showcasing hand-molded brick from South Carolina, a cedar shake roof, and original copper flashing and gutters—details that speak to enduring quality and craftsmanship. Outdoors, a tranquil fountain enhances the serene setting. A spacious two-tandem bay garage provides ample storage or flexibility for a home gym, workshop, or creative space. This is more than a home—it’s a rare opportunity to own a piece of artistry, where historic inspiration meets modern livability in an extraordinary Mercer Island setting. Don't miss this custom built home, first time on the market!

4725 W Mercer Way, Mercer Island

Listing courtesy of COMPASS.

$1,993,000
4 Beds ⋅ 3 Baths ⋅ 2562065 MLS ⋅ ACTIVE Status
FULLY REMODELED IN 2015! Nestled at the end of a private drive on a shy 2/3-acre lot, this beautifully updated Northwest Contemporary offers the perfect blend of privacy, luxury, and convenience. Vaulted ceilings, expansive windows, and abundant natural light create an inviting atmosphere throughout nearly 3,000 sq ft of thoughtfully designed living space. The chef-inspired kitchen features quartz countertops, custom cabinetry, and seamless flow into spacious living and dining areas, ideal for everyday living and entertaining. The upper level hosts a serene primary suite with spa-like bath and generous closet space, along with additional bedrooms and updated baths. The lower level offers a versatile rec room, guest bedroom, and direct access to outdoor living areas. Surrounded by mature landscaping, multiple decks, and peaceful outdoor spaces, this home feels like a private retreat while remaining minutes from top-rated Mercer Island schools, parks, I-90, Bellevue, and Seattle. A rare opportunity to enjoy Northwest living at its finest. PRE-INSPECTED !!

4807 E Mercer Way, Mercer Island

Listing courtesy of Skyline Properties, Inc..

$1,750,000
4 Beds ⋅ 3 Baths ⋅ 2559621 MLS ⋅ ACTIVE Status
Ideally situated on Mercer Island's sought-after south end, this beautifully refreshed 4-bedroom, 2.5-bath home offers the perfect blend of privacy, comfort, and everyday convenience. A gracious entrance sits above the street and welcomes you home. Bathed in natural light, the dramatic living room showcases soaring vaulted ceilings and stunning floor-to-ceiling cathedral windows that frame peaceful views of the surrounding trees, creating a warm and welcoming first impression. Fresh interior and exterior paint, new kitchen appliances, and move-in-ready condition make settling in effortless. The primary suite is a true retreat, complete with a walk-in closet and private bath. Three bedrooms on the main level provide ideal functionality, while the lower level features a fourth bedroom and an expansive recreation room ready for movie nights, game days, or a quiet reading escape. Just off the dining room, a private deck offers a tranquil outdoor retreat—perfect for al fresco dining, morning coffee, or unwinding on a cozy sofa surrounded by nature. The serene backyard provides even more space to entertain, play, or simply relax in complete privacy. With a two-car garage, generous living spaces, and close proximity to top-rated schools, parks, and the south end shopping center, this home offers the Mercer Island lifestyle at its best.

6560 81st Avenue SE, Mercer Island

Listing courtesy of Windermere Mercer Island.

$1,560,000
4 Beds ⋅ 3 Baths ⋅ 2559222 MLS ⋅ ACTIVE Status
Tucked away at the end of a quiet drive, this Northwest Contemporary home embraces the relaxed beauty of Mercer Island living, where mature evergreens, glimpses of Lake Washington, and convenient access to both Seattle and Bellevue create an exceptional Pacific Northwest lifestyle. Elevated above the surrounding landscape, the home enjoys peaceful views of the lake, Cascade Mountains, and surrounding greenery, filling the living spaces with natural light and a sense of privacy. Fresh interior paint, new carpet, and a refreshed kitchen offer move-in-ready comfort while preserving the home's distinctive character. Expansive windows, hardwood floors, and multiple fireplaces create warm, inviting spaces designed for everyday living. Two of the three bathrooms have been thoughtfully renovated with timeless finishes. The upper level is dedicated to a private primary suite with lake views, a fireplace, and balcony. A main-level bedroom or office with a ¾ bath offers flexibility, while the lower level includes a spacious rec room, laundry, two additional bedrooms, and another ¾ bath—ideal for guests or multi-generational living. A full-house backup generator, decks on all three levels, low-maintenance grounds, detached garage, workshop, and abundant storage complete this inviting Mercer Island retreat.

4429 E Mercer Way, Mercer Island

Listing courtesy of Real Residential.

$4,995,000
7 Beds ⋅ 5 Baths ⋅ 2559422 MLS ⋅ ACTIVE Status
Rare opportunity to secure a fully permitted custom residence on Mercer Island before construction begins. Designed by Seattle-based Citizen Design, this modern home blends timeless architecture with functional living and refined interiors while allowing buyers to personalize select finishes prior to construction. Thoughtfully designed for natural light and seamless indoor-outdoor living, the home offers expansive gathering spaces, a chef's kitchen with oversized island and butler's pantry, dedicated office, main-floor guest suite, mudroom, and covered outdoor living area. Upstairs, the private primary suite features dual walk-in closets and a spa-inspired bath with heated floors, soaking tub, and oversized shower. Three additional bedrooms, two baths, and a laundry room complete the level. The lower level includes a theater, recreation room, wet bar, and guest suite with separate exterior access. White oak flooring, rift-cut oak cabinetry, natural stone, handmade tile, brushed brass fixtures, and carefully selected finishes create a warm, timeless palette inspired by the Pacific Northwest. Designed for everyday living and entertaining, the home balances open gathering spaces with private retreats. Fully approved and permit-ready, buyers can avoid years of planning while retaining the opportunity to participate in select finish selections before construction begins. Architecture and interiors maximize livability, natural light, and connection to the surrounding landscape.

6427 E Mercer Way, Mercer Island

Listing courtesy of Real Residential.

$2,599,000
4 Beds ⋅ 4 Baths ⋅ 2554928 MLS ⋅ ACTIVE Status
Nestled on a quiet private lane just moments from Pioneer Park, this spacious Mercer Island home offers 4530 sq ft of thoughtfully designed living space with exceptional flexibility for today's lifestyle. The functional floor plan features four bedrooms, an office with built-ins, formal living and dining rooms and a versatile bonus room—offering comfortable spaces for living, working, relaxing, and entertaining. The expansive primary suite provides a peaceful retreat with a walk-in closet, private deck, and adjoining sitting room that easily serves as a second home office, reading lounge, fitness space, or nursery. Framed by peaceful territorial views of mature evergreens, it's a welcoming space to start and end each day. A standout feature is the private lower-level living suite, thoughtfully designed with its own bedroom, ¾ bath, full second kitchen, living area, and separate entrance. Ideal for multigenerational living, extended guests, live-in assistance, or a variety of other living arrangements; it offers privacy while remaining connected to the main home. Three levels of decks extend the living space outdoors, providing multiple places to relax, dine, or enjoy the peaceful natural setting. Ideally located near miles of scenic trails, award-winning Mercer Island schools, shopping, parks, and convenient access to both Seattle and the Eastside.

7066 92nd Avenue SE, Mercer Island

Listing courtesy of Berkshire Hathaway HS NW.

$2,600,000
4 Beds ⋅ 3 Baths ⋅ 2555370 MLS ⋅ ACTIVE Status
Perched on Mercer Island's coveted North End First Hill neighborhood, this exceptional home captures breathtaking lake views and offers one of the island's most desirable locations. Thoughtfully designed with soaring vaulted ceilings and expansive windows, the light-filled interior seamlessly blends spacious living areas with the beauty of the surrounding landscape. Enjoy quick access to I-90 for an easy commute to Seattle or Bellevue, while being just minutes from Downtown Mercer Island's shops, restaurants, parks, and everyday conveniences. Whether relaxing in the generous living spaces, entertaining against a stunning lake backdrop, or taking advantage of nearby parks, trails, and top-rated schools, this home offers the perfect balance of convenience, comfort, and timeless Northwest living. A rare opportunity to own a view home in one of Mercer Island's premier neighborhoods.

3021 70th Avenue SE, Mercer Island

Listing courtesy of DCL Management, LLC.

$2,800,000
4 Beds ⋅ 4 Baths ⋅ 2545918 MLS ⋅ ACTIVE Status
Nestled in Mercer Island's coveted East Seattle neighborhood, this beautifully updated residence with an effective year built of 2010 blends timeless elegance with modern luxury, showcasing designer finishes throughout. A dramatic vaulted living room filled in natural light creates an open, airy, and inviting atmosphere. Enjoy stunning westerly views of Lake Washington from the living room, gourmet chef's kitchen, and the all-season outdoor entertaining area featuring a built-in BBQ, heaters, and gorgeous Brazilian hardwood decks. Upstairs, the luxurious primary suite offers its own private view deck, a spacious walk-in closet, and a spa-inspired five-piece ensuite bath. Situated on a lushly landscaped 0.28-acre lot with mature fruit trees, vibrant gardens, and a peaceful, private setting, the property also features an oversized driveway and an approximately 760 sq ft garage, providing ample parking and storage. Located in the highly acclaimed Mercer Island School District, one of Washington's top school districts, with convenient access to I-90, Downtown Seattle, and Bellevue.

3225 W Mercer Way, Mercer Island

Listing courtesy of Whisper Real Estate.

$9,950,000
5 Beds ⋅ 5 Baths ⋅ 2531459 MLS ⋅ ACTIVE Status
Set along 78 feet of coveted North Mercer Island waterfront, this architectural residence was created for the buyer who has never been drawn to the ordinary. Floor-to-ceiling walls of glass dissolve the boundary between home and water, filling the interiors with natural light, reflection, and the ever-changing beauty of the Pacific Northwest. Expressive interiors and dramatic entertaining spaces evoke the feeling of a private gallery more than a traditional waterfront home. Outside, the rare flat backyard unfolds seamlessly to the shoreline and deep-water dock - inviting long summer evenings on the water and effortless indoor-outdoor living. Situated north of the I-90 bridge and south of Luther Burbank Park, this stretch of the East Channel is known for its calmer, more protected waters - an ideal setting for waterskiing, boating, and the effortless rhythm of Lake Washington living. A home that brings a sun-soaked, resort-style sensibility to the Pacific Northwest waterfront. This is not a home designed to blend in. It is a residence defined by vision, emotion, and unmistakable personality - a true collector's property on Mercer Island waterfront. A home as bold as you are.

Mercer Island

Listing courtesy of eXp Realty.

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