98040 Homes with New Construction

98040 Homes with New Construction

Welcome to the enchanting zip code 98040, nestled in the heart of Mercer Island, Washington. This picturesque community, located in King County, is known for its stunning waterfront views, lush greenery, and a tight-knit atmosphere that makes it a sought-after destination for families and professionals alike.

One of the most exciting aspects of living in Mercer Island is the availability of new construction homes. These modern residences are designed with contemporary living in mind, offering state-of-the-art amenities, open floor plans, and energy-efficient features that cater to today’s discerning homeowner. Whether you’re seeking a sleek urban retreat or a spacious family home, the new developments in this area provide a variety of options that blend luxury with functionality.

Beyond the beautiful homes, the 98040 zip code boasts an array of recreational opportunities. With easy access to Lake Washington, residents can enjoy boating, fishing, and scenic walks along the waterfront. The island is also home to numerous parks, trails, and community events, fostering a vibrant lifestyle that encourages outdoor engagement and social connection.

Education is a cornerstone of the Mercer Island community, with highly-rated schools that are committed to academic excellence. Families will appreciate the strong sense of community and the plethora of extracurricular activities available for children of all ages.

If you’re looking for a place that harmonizes modern living with natural beauty, zip code 98040 on Mercer Island is the perfect destination. Explore the charm and sophistication of new construction homes and discover your dream residence in this idyllic setting!

Newest 98040 Homes with New Construction

5330 Butterworth Road, Mercer Island
$17,900,000
5 Beds ⋅ 6 Baths ⋅ 2576116 MLS ⋅ ACTIVE Status
A rare Lake Washington waterfront offering on Mercer Island, this newly constructed home is built by MacPherson Construction & Design and resides on over 121 feet of sun-filled, no-bank shoreline along Lake Washington. Defined by exceptional natural light and sweeping, uninterrupted lake views, the home offers a seamless connection between indoor living and the water, delivering a rare experience of waterfront living. Thoughtfully designed for both entertaining and everyday living, it features vaulted wood ceilings, textured stone accents, a chef’s kitchen with butler’s pantry, a large wine room, and a stand-behind bar. A two-tier theater room, spacious bonus room, private office, four ensuite bedrooms, and a spa-inspired primary suite with an expansive walk-in closet elevate everyday comfort and livability. Heated covered outdoor living extends the seasons with a lake-view patio, spa, fire pit, seating area, and putting green, completing this exceptional waterfront retreat.

5330 Butterworth Road, Mercer Island

Listing Broker: Windermere Real Estate/East; Amy A. Dedoyard; 206-715-3043; amydedoyard@gmail.com

2965 74th Avenue SE, Mercer Island
$4,500,000
5 Beds ⋅ 7 Baths ⋅ 2570703 MLS ⋅ ACTIVE Status
A rare opportunity to secure a luxury Mercer Island residence crafted by Helix Design Build, a premier local builder celebrated for refined architecture, exceptional craftsmanship, and elevated Northwest living. Scheduled for completion in 2027, this two-story modern home blends clean lines, warm natural materials, and curated luxury finishes to create a timeless yet contemporary retreat. The main floor is designed for effortless everyday living, anchored by a dramatic great room with floor-to-ceiling glass and seamless indoor-outdoor flow. The island kitchen features custom cabinetry, premium appliances, and an impressive, oversized pantry ideal for storage and entertaining. The primary suite on the main level offers a serene escape with a spa-inspired bath and generous walk-in closet. A main-floor guest suite adds flexibility for visitors or multi-generational living. Upstairs, a secondary suite plus two additional large ensuite bedrooms and a spacious bonus room provide room to grow, play, and unwind — perfectly suited for modern lifestyles. Smart-home technology, luxury finishes, and Helix’s signature attention to detail elevate every space. Spacious 3 car garage on level lot with south facing back yard set on a quiet Mercer Island street surrounded by greenery and top-tier schools, this presale opportunity allows buyers to personalize finishes and experience the craftsmanship Helix Design Build is known for. Photo gallery includes pictures from Helix Design model homes.

2965 74th Avenue SE, Mercer Island

Listing Broker: COMPASS; Tere Foster; 425-637-8373; teamfoster@fosterrealty.com

3427 72nd Place SE, Mercer Island
$4,250,000
5 Beds ⋅ 5 Baths ⋅ 2566836 MLS ⋅ ACTIVE Status
Skip the search for land and the long road through design and approvals. This fully permitted First Hill offering is an opportunity to purchase a brand-new modern home before construction begins—and still have time to personalize selected finishes with the builder. Designed for modern living, this 4,148 SqFt home offers 5 bedrooms, 4.5 baths, expansive windows, abundant natural light and dramatic volume, including a showstopping two-story living room. Sunny western exposure, covered decks and a rooftop deck create inviting spaces for outdoor living, with lake, mountain and sunset views. The sleek, light-filled kitchen features a generous island, large pantry and premium appliances. The main-floor office with French doors is a perfect work-from-home space. The upper level has 3 bedrooms, including a luxurious primary suite with a private covered deck, western views and spa-inspired bath. The lower level offers a rec room, 4th bedroom and a separate approx. 700 SqFt 1 bedroom 1 bath apartment/ADU. Built by Artoush Homes, an experienced builder committed to thoughtful design, craftsmanship and enduring quality, completion is anticipated by Summer 2027. (NOTE: Renderings in listing are intended to help illustrate the home’s planned style, quality, layout and flow; final finishes and details may vary). Enjoy popular First Hill with tree-lined streets, nearby greenbelt trails to Town Center, the farmers market, shops, cafés and restaurants, and a charming park two blocks away.

3427 72nd Place SE, Mercer Island

Listing Broker: Coldwell Banker Bain; Sarah Ford; 206-854-7702; SarahJFord@hotmail.com

6427 E Mercer Way, Mercer Island
$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 Broker: Real Residential; Michele Schuler; 206-992-2013; michele@theschulerteam.com

4024 85th Avenue SE, Mercer Island
$4,299,995
5 Beds ⋅ 5 Baths ⋅ 2543096 MLS ⋅ ACTIVE Status
Brand new construction, west facing home just completed by American Classic Homes; headquartered on Mercer Island and one of the region's most respected builders for over 30 years. The Oakmont plan is a phenomenal layout that blends traditional design best practices with modern living. From the moment you step through the foyer you'll be captivated by the double height wall of windows that bathe the home in natural light but still offers complete privacy from surrounding homes. The great room is comfortable and welcoming with a gracious dining area and stunning primary kitchen tailormade for hosting with an additional scullery style secondary kitchen perfect for catering, entertaining, and baking. Main floor working den is large and bright with a full suite for loved ones and extended guests. Upper floor has a hard to find 4 bedrooms on the same level with a large bonus and media room perfect for movie and game nights. Primary suite has vaulted ceilings with spa-inspired 5-piece bathroom and custom built-in walk-in closet. Just a few steps away to bus stop that will take you straight to the newly opened Eastlink light rail system just minutes away for daily commuting and airport runs and truly the best way to get to a Mariners or Seahawks game. Two blocks to award winning Mercer Island High School, Northwood Elem, and Boys & Girls Club with several great private schools just minutes away. Come and experience the craftsmanship that only decades of experience can produce.

4024 85th Avenue SE, Mercer Island

Listing Broker: COMPASS; Michael Orbino; 425-217-0609; michael@fosterrealty.com

5222 Forest Avenue SE, Mercer Island
$3,448,000
5 Beds ⋅ 5 Baths ⋅ 2516634 MLS ⋅ ACTIVE Status
Four homes. One boutique community. One opportunity remaining. Nestled in the heart of Mercer Island, this Pacific Northwest Modern home is what happens when exceptional architecture meets an exceptional setting — a study in balance between organic warmth and clean precision, grand scale and intimate comfort, natural beauty and urban connectivity. Rich wood, matte black, and warm gold define a material palette that feels bold yet deeply at home in the landscape. A soaring custom chandelier anchors the entry, setting the tone for craftsmanship that carries through every room. Floor-to-ceiling windows and 24-foot vaulted ceilings ensure light and space are never in short supply. The chef's kitchen delivers — 60" JennAir refrigerator, 48" range, wall oven, dual dishwashers, custom hood vent, and quartzite countertops. A covered outdoor living area with fireplace makes year-round entertaining effortless. A main-floor guest suite with private ensuite offers flexibility for multi-generational living. Upstairs, the primary suite is a calm retreat with spa bathroom, private deck, and generous walk-in closet. Three additional bedrooms, two bathrooms, and laundry complete the level under soaring vaulted ceilings. Equipped for modern life: 2-car garage, EV charging, whole-home AC, tankless hot water, and full-time backup generator. Minutes from Groveland Beach Park, top-rated schools, with seamless access to Seattle and Bellevue. PNW Modern living — without compromise.

5222 Forest Avenue SE, Mercer Island

Listing Broker: Real Residential; Michele Schuler; 206-992-2013; michele@theschulerteam.com

7254 N Mercer Way, Mercer Island
$6,995,000
5 Beds ⋅ 6 Baths ⋅ 2359638 MLS ⋅ ACTIVE Status
A spotless and stunning new-construction home. Sited on the conveniently located north end with easy access to downtown Mercer Island, I-90, Bellevue and Seattle. Captivating lake and city views! Live exceptionally in this perfectly crafted masterpiece, featuring a great room concept with dramatic views which opens to an expansive deck with built-in barbeque and cooking station, two designer kitchens, ensuite bedrooms and the finest fixtures and finishes. High tech and high concept; wired for servers, generator, speakers and blinds. High tech security system. Garage has three outlets for EV charging. Multiple decks and patios present spot-on views of Bellevue's gleaming skyline and fireworks from summer celebrations.

7254 N Mercer Way, Mercer Island

Listing Broker: Windermere Real Estate/East; Patrick T. Moore; 425-260-0123; patrickmoore@windermere.com

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