98040 Homes under $900,000

98040 Homes under $900,000

Welcome to the charming community of Mercer Island, Washington, nestled in the heart of King County and identified by the zip code 98040. Known for its stunning waterfront views and lush greenery, Mercer Island is a picturesque oasis just a short drive from Seattle. With a rich blend of suburban tranquility and urban convenience, this vibrant island offers an exceptional quality of life for families, professionals, and retirees alike.

One of the most enticing aspects of Mercer Island is the availability of homes under $900,000. This creates an incredible opportunity for first-time homebuyers or those looking to downsize without compromising on comfort or style. These homes often feature spacious layouts, modern amenities, and access to the island's renowned parks and recreational facilities. Imagine enjoying your morning coffee on a sun-drenched patio or taking a leisurely stroll through one of the many scenic trails that wind through the area.

Living in Mercer Island means embracing a strong sense of community, with top-rated schools, diverse dining options, and a calendar full of local events. Whether you’re exploring the shores of Lake Washington or indulging in the vibrant arts scene, there’s something for everyone here.

With its unique blend of natural beauty, community spirit, and affordable housing options, Mercer Island is an ideal place to call home. Discover the charm of the 98040 zip code and find your perfect property today!

Newest 98040 Homes under $900,000

7600 SE 29th St Unit #311, Mercer Island
$536,749
2 Beds ⋅ 2 Baths ⋅ 2600661 MLS ⋅ ACTIVE Status
Located in a PRIME walkable Mercer Island location! This third-floor corner unit in a boutique building of just 36 units, offers a rare combination of privacy, comfort, and convenience. Spacious 2 bed/1.75 bath home features a fully updated kitchen (updated in 2023), opening into a comfortable living and dining space. The primary suite is generously sized with a walk-in closet and a redone bath with dual vanities and a walk-in shower. The second bedroom is also generously sized, with a nicely updated guest bathroom. Private balcony, a large storage unit (great for bikes and gear), elevator access, and a secure parking garage with one designated spot, plus a second unassigned spot available. Just a short walk to Metropolitan Market, the farmers market, parks, and the light rail for an easy commute to Seattle or the Eastside. Pre-inspected for peace of mind.

7600 SE 29th St Unit #311, Mercer Island

Listing Broker: Real Broker LLC; Melanie Ghadamy; 425-445-0475; m.ghadamy@mcconnellgroup.com

2500 81st Avenue SE Unit #112, Mercer Island
$450,000
2 Beds ⋅ 1 Baths ⋅ 2593702 MLS ⋅ ACTIVE Status
Prime location! Bright condo in a secure building with peaceful courtyard views. Kitchen shines with newer cabinetry, quartz counters and stainless steel appliances. Spa-inspired bath with new vanity, new shower enclosure and dual sinks. New double-pane windows throughout. Zero carpet - engineered wood floors in every room. East-facing deck with space for a grill and outdoor seating. Oversized storage unit in the basement plus one assigned parking space. Minutes to downtown Mercer Island's shops and dining, and just a short stroll to Luther Burbank Park and the community center. Quick commute to both Seattle and Bellevue. Portable A/C included. No rental cap!

2500 81st Avenue SE Unit #112, Mercer Island

Listing Broker: Keller Williams Eastside; Thuy A. Nguyen; 425-979-6080; Thuy@buildingdreams.team

2500 81st Avenue SE Unit #351, Mercer Island
$395,000
2 Beds ⋅ 2 Baths ⋅ 2564041 MLS ⋅ ACTIVE Status
Light-filled and move-in ready, this inviting 2-bedroom, 1.5-bath Mercer Island condominium offers comfort, convenience, and an exceptional location. Fresh interior paint and new carpet create a clean, updated feeling throughout. The spacious living room is anchored by a cozy wood-burning fireplace and a dramatic wall of windows that floods the home with natural light while opening to an expansive sun terrace—perfect for morning coffee, outdoor dining, or simply enjoying the peaceful treed outlook. The functional kitchen offers new stainless-steel appliances, ample storage, and workspace. The thoughtful floor plan provides comfortable everyday living and an assigned parking space for added convenience. Ideally situated just moments from Mercer Island's vibrant town center, shops, restaurants, parks, and the Link Light Rail station, you'll enjoy a highly walkable lifestyle with easy access to both Seattle and Bellevue. A wonderful opportunity to enjoy the best of Mercer Island living!

2500 81st Avenue SE Unit #351, Mercer Island

Listing Broker: Coldwell Banker Bain; Franz T. Diessner; 425-765-4252; teamfranzandjoe@cbbain.com

7549 SE 29th Street Unit #103, Mercer Island
$829,900
2 Beds ⋅ 2 Baths ⋅ 2554831 MLS ⋅ ACTIVE Status
Welcome to Mercer Island living in this beautifully updated, level-entry and end-unit condo in the highly desirable Montesano community. Offering the comfort and space of a single-family home with the convenience of condo living, this residence features an expansive private patio, in-unit laundry, parking for two cars in the garage, and abundant storage throughout. The open-concept floor plan is ideal for both everyday living and entertaining, with inviting living and dining spaces centered around a cozy fireplace. The remodeled kitchen showcases quartz countertops, stainless steel appliances, and modern finishes, making meal preparation a pleasure. Step outside to enjoy dining, relaxing, or entertaining on the generous private patio. The spacious primary suite is a peaceful retreat, complete with a full en-suite bath featuring a soaking tub. A second bedroom and dedicated office nook provide flexible space for guests, remote work, or hobbies. Conveniently located just moments from Mercer Island's shops, restaurants, parks, and trails. This home also offers exceptional commuter convenience with nearby Park & Ride access, new light rail station, and I-90 just minutes away.

7549 SE 29th Street Unit #103, Mercer Island

Listing Broker: CENTURY 21 Real Estate Center; Hung Dom; 206-251-6873; htdom@comcast.net

2500 81st Avenue SE Unit #118, Mercer Island
$379,950
2 Beds ⋅ 1 Baths ⋅ 2480792 MLS ⋅ ACTIVE Status
PRICE IMPROVED + SELLER PAYS 6 MONTHS OF HOA DUES! Discover one of the best values in downtown Mercer Island. This beautifully remodeled residence is ideally located directly across from the new light rail station and just moments from Luther Burbank Park, downtown Mercer Island, the Community Center, waterfront parks, and regional walking and biking trails. Enjoy rare features including no rental cap, a conveniently located covered carport near the entrance, large storage unit (#14), and an approved, recorded in-unit washer/dryer. Building amenities include an elevator and club/conference room (currently being renovated). The fully renovated interior features a designer kitchen with farmhouse sink, updated bathroom, new lighting, fireplace, custom closet organizers, air conditioning, and a private in-unit washer/dryer. Bright, open living spaces extend to an expansive west-facing veranda—perfect for relaxing, entertaining, and enjoying beautiful sunset views. Located in Mercer Island's award-winning school district with quick access to both Seattle and Bellevue, this home offers exceptional convenience, flexibility, and investment potential. Price has been significantly improved, and the seller will pay 6 months of HOA dues—making this an exceptional opportunity for homeowners and investors alike.

2500 81st Avenue SE Unit #118, Mercer Island

Listing Broker: Realogics Sotheby's Int'l Rlty; Amy Thompson; 206-679-8862; amy.thompson@rsir.com

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