98040 Homes with Assumable Terms

98040 Homes with Assumable Terms

Welcome to Mercer Island, Washington, a picturesque enclave nestled in King County, where the zip code 98040 serves as a gateway to serene living, stunning views, and a vibrant community. Known for its lush landscapes and tranquil atmosphere, Mercer Island offers a unique blend of suburban charm and urban convenience, making it a sought-after destination for families, professionals, and retirees alike.

The homes in this area are not just residences; they are a lifestyle choice. Many properties come with assumable terms, which means buyers can take over existing mortgage loans under the same conditions as the current owner. This feature can be particularly advantageous in today's fluctuating interest rate environment, allowing you to potentially secure a lower rate and make homeownership more accessible.

As you explore the neighborhoods within the 98040 zip code, you'll find a variety of architectural styles, from contemporary masterpieces to classic craftsman homes. Each property is thoughtfully designed to complement the natural beauty surrounding it, with many offering breathtaking views of Lake Washington and the majestic Cascade Mountains.

Mercer Island is not just about beautiful homes; it boasts excellent schools, abundant parks, and a close-knit community atmosphere. Enjoy outdoor activities at local parks, take leisurely strolls along the waterfront, or indulge in the vibrant dining and shopping options available on the island. With easy access to Seattle and Bellevue, residents can enjoy the best of both worlds—peaceful island living with the excitement of city life just a short drive away.

Discover your dream home in Mercer Island’s 98040 zip code, where community, comfort, and convenience await!

Newest 98040 Homes with Assumable Terms

8025 W Mercer Way, Mercer Island
$12,000,000
5 Beds ⋅ 2 Baths ⋅ 2478334 MLS ⋅ ACTIVE Status
only 10 possible out of 800 waterfront offerings - that is how rare this offering is. Sylvan Reach combines two parcels, two waterfronts in a once-in-a-generation waterfront holding on southwest Mercer Island encompassing 200 feet of southwest-facing Lake Washington shoreline across over 3/4 acre from street to water, featuring three docks, two homes, and a log cabin. This extraordinary two-parcel offering delivers rare scale, privacy, and long-term potential. The low-to-mid bank waterfront includes a 65-foot deep-water yacht moorage, a swimming dock, and a 30-foot boat dock. Set among evergreens and frequented by eagles, the land unfolds from elevated outlooks with views toward Mount Rainier down to the water’s edge. Three existing structures—each positioned for privacy and separation—offer immediate use while preserving flexibility for a future legacy vision. Whether reimagined as a singular estate or thoughtfully divided into two substantial homes, the site invites a buyer with patience, creativity, and a long horizon. Accessed by private driveways from both the north and south, the property offers rare seclusion without sacrificing proximity to town, parks, and transit. Enjoy one of the longest arcs of sun in Seattle. Survey and Feasibility for waterfront property available.

8025 W Mercer Way, Mercer Island

Listing Broker: Realogics Sotheby's Int'l Rlty; Diane Tien; 206-673-7206; diane.tien@rsir.com

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