98040 Homes with Fixer Building Condition

98040 Homes with Fixer Building Condition

Welcome to the charming community of Mercer Island, nestled in the heart of King County, Washington, with the coveted zip code 98040. Known for its picturesque landscapes and vibrant neighborhood spirit, Mercer Island offers a unique blend of suburban tranquility and urban convenience, making it an ideal location for families, professionals, and anyone seeking a serene lifestyle.

The 98040 zip code is characterized by its stunning waterfront views and lush greenery, providing residents with ample opportunities for outdoor activities, from hiking and biking to boating and fishing. With easy access to Seattle via the I-90 bridge, you can enjoy the best of both worlds—peaceful island living and the bustling city life just a short drive away.

For those with a vision, the real estate market in Mercer Island also features a selection of homes with fixer-upper potential. These properties, often nestled in desirable neighborhoods, present a fantastic opportunity for buyers looking to invest in a home that they can tailor to their own tastes and needs. Whether you’re an aspiring homeowner looking to make your mark or an investor seeking to capitalize on the area's growth, these homes offer a blank canvas to create your dream residence.

Imagine transforming a classic Mercer Island home into your personal oasis, all while enjoying the benefits of a close-knit community, top-rated schools, and abundant recreational options. With the right vision and a little elbow grease, the possibilities are endless in this enchanting corner of Washington. Embrace the charm of Mercer Island and discover the potential that awaits in the 98040 zip code!

Newest 98040 Homes with Fixer Building Condition

$4,790,000
3 Beds ⋅ 4 Baths ⋅ 2551386 MLS ⋅ ACTIVE Status
An extraordinary opportunity on Mercer Island’s coveted Gold Coast—now offered at a compelling new price. Its exceptional street-to-water lot encompasses nearly half an acre edged by 53 feet of prized western shoreline. You’ll savor front row views across the lake to the Seattle skyline and Seward Park, arguably among the most breathtaking vistas on the Island. The large covered dock is a boater's dream complete with two boat lifts—one ready to accommodate a vessel up to 50,000 pounds. A grandfathered boathouse at the water's edge is a true rarity that can no longer be replicated under today's shoreline regulations. After a day making memories out on the lake, colorful sunsets carry you home to your waterside lawn and beautifully terraced walkway leading up to even more views from the house. The main residence plus a separate apartment above are offered as a blank canvas ready for your vision…whether that's a thoughtful renovation of the original mid-century design, or a ground-up rebuild to fully capture this irreplaceable setting. Add your signature style and create a new legacy to be loved for generations to come. Waterfront aficionados will recognize this extraordinary, diamond in the rough prospect to secure incredible views, coveted waterfront, and a boater's dock that simply can't be recreated.

4835 Forest Avenue SE, Mercer Island

Listing Broker: Windermere Mercer Island; Julie Wilson; 206-225-1500; julie.wilson@windermere.com

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