98040 Homes with Conventional Terms

98040 Homes with Conventional Terms

Welcome to the charming community of Mercer Island, nestled in the heart of King County, Washington, and home to the vibrant 98040 zip code. Known for its stunning natural beauty and a close-knit atmosphere, this area offers a unique blend of suburban tranquility and urban convenience, making it an ideal place for families, professionals, and retirees alike.

Mercer Island boasts an array of beautiful homes, many of which are available with conventional financing options. This means you can find a variety of properties that suit your lifestyle and budget, whether you're looking for a cozy single-family home, a modern townhouse, or a luxurious waterfront estate. The real estate market here is diverse, catering to a range of preferences and needs.

The community is renowned for its excellent schools, lush parks, and recreational opportunities, including picturesque waterfront access and scenic hiking trails. Residents enjoy a strong sense of community, with vibrant local events and activities that foster connections among neighbors. Additionally, the island's proximity to Seattle allows for easy access to the city's cultural attractions, dining, and employment opportunities.

Living in the 98040 zip code means embracing a lifestyle that balances the best of both worlds—serene suburban living with the excitement of urban life just a short drive away. Discover the charm of Mercer Island and explore the homes available with conventional terms, making your dream of homeownership a reality in this idyllic Washington community.

Newest 98040 Homes with Conventional Terms

9100 SE 72nd Place, Mercer Island
$2,200,000
6 Beds ⋅ 3 Baths ⋅ 2590311 MLS ⋅ ACTIVE Status
Step inside this spacious Mercer Island home, where classic midcentury style meets sleek lines and thoughtful modern updates. Abutting Pioneer Park and framed by mature greenery and trees, the home feels private and serene while enjoying abundant south-facing light through its many windows. The main floor offers a welcoming, flowing layout with a living room and fireplace, dining room, kitchen with bar seating for five, and a spacious flex area with sliders opening to the deck. Two bedrooms, a full bathroom, laundry, and the primary bedroom with an ensuite three-quarter bath and walk-in closet complete the main level. The light-filled lower level features an expansive rec room that can be enjoyed as is or adapted for additional rooms, plus three bedrooms and a three-quarter bathroom. The largest bedroom on the lower level has a walk-in closet and future guest suite potential as there is plumbing to add a future bathroom, if desired. With a rare combination of six bedrooms and three bathrooms, this home offers privacy, flexibility, and space for everyone! A two-car carport and long driveway ensure ample parking for vehicles and recreational toys. Situated on a quiet residential street, yet just minutes from Lakeridge Elementary School, Islander Middle School, Mercer Island Country Club, Clarke Beach Park, QFC, and sought-after restaurants and shops. Welcome home!

9100 SE 72nd Place, Mercer Island

Listing Broker: Lake & Company; John C. Blacksmith; 206-527-1777; john@johnblacksmith.com

8430 SE 53rd Place, Mercer Island
$3,175,000
6 Beds ⋅ 4 Baths ⋅ 2590422 MLS ⋅ ACTIVE Status
An assumable 3.65% mortgage offers the right Buyer an extraordinary opportunity, potentially adding approximately $500,000 in purchasing power! Custom-built and extensively remodeled, this exceptional home captures sweeping views of Lake Washington, the Seattle skyline and Olympic Mountains from nearly every room. Dramatic vaulted ceilings with exposed beams and walls of windows create light-filled living spaces designed to embrace the views. Thoughtfully designed floor plan offers generous main-level living with the primary suite, expansive entertaining spaces and seamless access to the view deck, while an elevator provides convenient access between both levels. The lower level features a spacious recreation room, four additional bedrooms and flexible living spaces ideal for guests, work or hobbies. Set on over a half-acre of beautifully landscaped, low-maintenance grounds, this private retreat offers rare peace and tranquility just minutes from everything Mercer Island has to offer. An incredible setting for year-round sunsets and front-row views of the Blue Angels.

8430 SE 53rd Place, Mercer Island

Listing Broker: COMPASS; Greg Rosenwald; 206-914-0417; greg.rosenwald@compass.com

9210 Parkwood Ridge Road, Mercer Island
$1,698,000
3 Beds ⋅ 3 Baths ⋅ 2590177 MLS ⋅ ACTIVE Status
Tucked at the back of Parkwood is Parkwood Ridge Road. A lane flanked by lush green forest and prized custom homes. Here nature unfolds, from the mixture of evergreens to seasonal trees with Lake Washington dancing in the background. Upon entering the home you are immediately connected to the natural light, views and the lush setting. The great room offers high ceilings, double French doors opening to the oversized deck and a gracious space for relaxing or entertaining. The newly updated kitchen is wrapped in slab quartz and stainless steel appliances with space to engage your creative talents... An office off of the kitchen offers built in cabinetry to keep life organized. A primary suite, laundry and separate powder room make one level living easy with the benefit of a lower level with two bedrooms, bath, bonus and separate kitchen for various life chapters. Huge extra storage or space to finish for additional needs below. New furnace and hot water tank, two car garage, and loads of upgrades to this thoughtful home. Come unwind, this is one of those sylvan settings that renews you.

9210 Parkwood Ridge Road, Mercer Island

Listing Broker: Coldwell Banker Bain; Allison W. Trull; 206-669-0096; allisontrull@cbbain.com

2760 76th Avenue SE Unit #402, Mercer Island
$399,000
1 Beds ⋅ 1 Baths ⋅ 2589481 MLS ⋅ ACTIVE Status
Affordable, turnkey Mercer Island condo in the sought-after Carlton, just a few blocks to Link Light Rail with easy access to Seattle and the Eastside. Right in the heart of the MI business district, this home boasts an 84 Walk Score. Met Market, Mio Posto, Hap's Burgers, Island Books, Mercerdale Park, LID Park, and the MI Farmer's Market are all just steps away. Fresh interiors throughout with new Pergo Outlast+ laminate wood flooring, fresh interior paint, updated lighting and blinds, newer appliances, and a newer water heater. Cook and entertain with slab granite counters and cherry cabinets, then unwind by the wood-burning fireplace with Cascade Mountain views and a spacious private balcony. One deeded parking space in secure garage on the same level as the unit plus dedicated storage. Building amenities include elevators (2), secure entry and fitness center. Easy living on lovely Mercer Island, with Seattle and the Eastside just a bridge away. Pet-friendly building and no rental cap.

2760 76th Avenue SE Unit #402, Mercer Island

Listing Broker: Windermere West Metro; Chad Dierickx; 206-854-3931; chad@chaddierickx.com

2939 76th Avenue SE Unit #41B, Mercer Island
$280,000
1 Baths ⋅ 2589387 MLS ⋅ ACTIVE Status
Smart, stylish, and surprisingly spacious for its size, this 455-square-foot studio puts Mercer Island living within reach. First-time buyers, downsizers, and investors will all find something to love here. Tucked into the leafy hillside of the Island Habitat Condominiums, this home is ready for you to unpack. Fresh updates to the kitchen, bathroom, and flooring mean there's nothing left to do but settle in. Your dedicated parking spot takes the hassle out of coming home, and the town center is just a short stroll away, with the Farmer's Market, restaurants, parks, and the brand-new Light Rail station all close at hand. Right outside your door, the community cabana offers a fitness area and space to gather, so your living space stretches well beyond your front door. Mercer Island blends small-town calm with quick I-90 access to both Seattle and Bellevue, making this an ideal base for commuters and weekend adventurers alike.

2939 76th Avenue SE Unit #41B, Mercer Island

Listing Broker: John L. Scott, Inc.; Kim Florence; 510-499-7714; Kimflorence@johnlscott.com

5904 SE 20th Street, Mercer Island
$21,900,000
6 Beds ⋅ 8 Baths ⋅ 2585230 MLS ⋅ ACTIVE Status
At the very tip of exclusive Faben Point, this extraordinary Lake Washington estate commands 173 ft of low-bank waterfront in a dramatic setting unlike anything else on the lake. A sweeping 180-degree panorama stretches across the water to Seattle and Bellevue skylines, with views framing nearly every principal room. Exquisite finishes balance impressive scale with genuine warmth. A spectacular entertaining kitchen with a hidden scullery anchors the home for everyday living or large-scale events. The main-floor primary suite offers a private sanctuary with direct access to the outdoor Jacuzzi, while en suite bedrooms provide comfort and flexibility. A dedicated wine cellar, private sauna, library, expansive rec/media room, and dual offices balance the demands of daily life with the art of entertaining. A full apartment with elevator access provides a retreat for guests or multigenerational living. Outside, meticulously landscaped grounds unfold with layered plantings, and expansive lawn extending toward the water. A covered, heated outdoor room with a kitchen invites year-round enjoyment of the waterfront setting. A private dock with yacht moorage of approximately 75 feet, also accommodates a float plane, ski boat, two jet skis. The estate offers remarkable convenience, just minutes to the I-90 corridor. An extraordinary convergence of land, water, architecture, and view, this is an exceptional offering at one of Mercer Island’s most coveted waterfront addresses.

5904 SE 20th Street, Mercer Island

Listing Broker: Coldwell Banker Bain; Jennifer M Rogers; 425-454-0470; jenniferrogers@cbbain.com

7560 86th Avenue SE, Mercer Island
$3,225,000
4 Beds ⋅ 4 Baths ⋅ 2589677 MLS ⋅ ACTIVE Status
Modern, unexpected, and designed to live as beautifully as it looks. Walls of glass fill the home with natural light, while soaring ceilings and radiant heated concrete floors give the interiors a striking mix of warmth and architectural edge. The heart of the home is an incredible open kitchen with an oversized island made for gathering, generous walk in pantry, and seamless connection to the great room with a sleek gas fireplace. Entertaining is effortless here, but the layout works equally well for everyday life. A private main level office creates the perfect work from home space, while a main level bedroom with its own en suite bath offers wonderful flexibility for guests, extended stays, or one level living needs. Upstairs, the primary suite feels like a getaway with a spa inspired bath, oversized walk in closet, and private deck. An open bonus room provides plenty of flexibility for movies, games, homework, or an additional office. Step outside and the fun continues with a level backyard, expansive patio, swim spa, room to play, and an epic play structure that may be the envy of the neighborhood. All of this in a fantastic south end location close to Lakeridge Elementary, Islander Middle School, Mercer Island Country Club, Saddle Club, parks, trails, and shopping. Distinctive, comfortable, and anything but ordinary, this is modern Mercer Island living with room for everyone.

7560 86th Avenue SE, Mercer Island

Listing Broker: John L. Scott, Inc.; Lori Holden Scott; 206-232-8600; Lorih@johnlscott.com

4408 E Mercer Way, Mercer Island
$2,998,000
5 Beds ⋅ 4 Baths ⋅ 2589293 MLS ⋅ ACTIVE Status
Certain features just stand out when you walk into this home. Maybe it's the way the vaulted ceilings and walls of glass pull in the ever changing views of Lake Washington, or how every room feels connected to the outdoors. Mornings begin with the sun rising over the lake, evenings end on the rooftop deck, and in between there's plenty of room to gather, celebrate, or simply enjoy a quiet night at home. The remodeled kitchen and generous living spaces flow effortlessly onto a deck that stretches the length of the house, overlooking a level backyard and the kind of peaceful setting where eagles and deer are regular visitors. The primary suite is a retreat of its own with a fireplace, soaring ceilings, a spacious bath, and an adjoining room that can be a home office, nursery, fitness room, or inspiring art studio. Two additional bedrooms continue the theme with vaulted ceilings and abundant natural light. Above the 3-car garage is a completely separate space that's ideal for anyone working from home, with room for several people to work comfortably. It could also be easily transformed into an ADU for guests, extended living, or rental income. The lower level was designed for making memories, with room for movie nights, a pool table, additional bedrooms, a sauna, and easy access to the backyard. Tucked into Mercer Island's north end, you'll enjoy quick access to Mercerwood Shore Club, schools, parks, and I-90, while feeling surrounded by nature every day.

4408 E Mercer Way, Mercer Island

Listing Broker: John L. Scott, Inc.; Lori Holden Scott; 206-232-8600; Lorih@johnlscott.com

7070 94th Avenue SE, Mercer Island
$2,598,000
4 Beds ⋅ 3 Baths ⋅ 2588775 MLS ⋅ ACTIVE Status
Reimagined for modern Northwest living, this 3,700 sq ft 4 bedroom 3 bath Mercer Island residence blends timeless 1968 architecture with a comprehensive 2026 updates. Lake Washington views frame the beautifully appointed kitchen, living and dining spaces, where expansive windows and a generous deck create an effortless connection to the outdoors. The chef’s kitchen centers around an oversized island with gas cooking and abundant space for gathering. Designed for exceptional main-level living, the primary suite shares the main floor with two additional bedrooms, a full bath and laundry/utility room. The lower level offers remarkable versatility with a second primary or guest suite featuring a luxurious shower and private sauna, plus a spacious living area, rec/media room, wet bar and dedicated fitness space. Step outside to a level backyard with room to relax, entertain and enjoy the outdoors. Thoughtful upgrades include air conditioning, a new roof, tankless hot water and an attached two-car garage. Beautifully finished and completely move-in ready, with flexible spaces for everyday living, entertaining and guests.

7070 94th Avenue SE, Mercer Island

Listing Broker: Realogics Sotheby's Int'l Rlty; Robyn Kimura Hsu; 206-295-2247; robyn.hsu@rsir.com

4889 Forest Avenue SE, Mercer Island
$3,450,000
5 Beds ⋅ 4 Baths ⋅ 2587532 MLS ⋅ ACTIVE Status
Coveted Westside Shared Waterfront! Enjoy the best of Mercer Island waterfront living with boat moorage, 100' of community beach, a new dock, boat lift, and beautifully refreshed beachfront grounds. Set in a sought-after mid-Island neighborhood, this updated home blends lake views, dramatic architecture, and exceptional spaces for gathering, entertaining, and everyday living. Soaring ceilings and walls of windows fill the open great room with natural light, flowing seamlessly to an expansive IPE deck overlooking the sport court and turf lawn. The gourmet kitchen anchors the home with high-end appliances and stylish updates, while a dedicated office, formal dining room, and lake-view living room provide space for every occasion. Upstairs, four bedrooms include a serene lake-view primary suite with a flexible bonus room, walk-in closets, and a luxurious 5-piece bath. A rooftop patio offers the perfect spot to unwind with sunset skies and sparkling water views. The lower level features a spacious rec room, wine cellar, and guest suite - ideal for hosting the crowd. Extensively updated with a new roof, windows, paint, automated blinds, A/C, and furnace. Oversized 3-car garage, storage shed, and bonus storage room. A rare opportunity to enjoy boating, beach days, and an exceptional Mercer Island lifestyle.

4889 Forest Avenue SE, Mercer Island

Listing Broker: COMPASS; Kelly Weisfield; 206-355-3863; kelly.weisfield@compass.com

4057 96th Avenue SE, Mercer Island
$1,850,000
4 Beds ⋅ 4 Baths ⋅ 2587144 MLS ⋅ ACTIVE Status
A True Gem at the convenient North End of Mercer Island, open plan living and RARE BONUS is the Detached Garden Studio/Office. Beautifully positioned at the desirable north end of Mercer Island, this inviting home blends comfort, convenience, and quiet elegance over two floors. Light fills the spacious open-plan living, dining, and kitchen areas, all flowing seamlessly to a private deck and garden—an ideal setting for everyday living and effortless entertaining. Slightly elevated, the home captures lovely east-facing mountain and territorial views that shift beautifully throughout the day. Three full bathrooms on the main level offer exceptional functionality, while a NEW 50 YEAR Warranty Roof and New Furnace provide peace of mind for years ahead. Another highlight is the Detached Garden Office, perfect for remote work, creativity, or quiet retreat. Set on a tranquil street, the property offers both serenity and accessibility, with quick access to parks, shops, commuter routes, and the award-winning Mercer Island School District. Thoughtful layout, natural light, and an effortless indoor-outdoor connection make this home a standout opportunity in one of the Island’s most sought-after locations. DO NOT MISS SEEING THIS HOME IN PERSON.

4057 96th Avenue SE, Mercer Island

Listing Broker: Realogics Sotheby's Int'l Rlty; Sharon Singh; 425-577-0709; sharon.singh@rsir.com

3206 80th Avenue SE Unit #3, Mercer Island
$880,000
3 Beds ⋅ 2 Baths ⋅ 2585162 MLS ⋅ ACTIVE Status
Rarely available, beautifully updated 3-bedroom condo in the heart of downtown Mercer Island! This light-filled, sun-facing home offers approximately $30K in recent upgrades and an unbeatable location just blocks from downtown shops, restaurants, parks, grocery stores, the Park & Ride and light rail. The brand-new kitchen features new cabinetry, countertops, flooring, sink, under-cabinet lighting and stainless-steel appliances, including refrigerator, range, microwave and dishwasher. The spacious living room features a fireplace and opens to a large balcony for entertaining or relaxing. The dining area is surrounded by large windows and enjoys territorial views. The primary bedroom features an ensuite bath and custom cedar closet, while both bathrooms have new vanities, LED mirrors and exhaust fans with built-in Bluetooth speakers and heaters. Additional updates include new flooring in the primary bedroom and second bathroom, new closet doors, and a new shower head in the second bathroom. An EV charger has also been installed in the covered carport. The community was extensively remodeled in 2020 with a new roof, siding, windows and patios. Enjoy the outdoor pool and clubhouse, covered parking and storage. No rental cap. Walk to Mercerdale Park, North End cafés, bars and restaurants, grocery stores, and the Park & Ride/light rail. A wonderful alternative to single-family living in one of Mercer Island’s most convenient locations!

3206 80th Avenue SE Unit #3, Mercer Island

Listing Broker: Realogics Sotheby's Int'l Rlty; Ashima Diwakar; 206-849-9663; ashimadiwakar@hotmail.com

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