7204 78th Avenue Se, Mercer Island, WA 98040

Mercer Island
Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: xia zhao
Office: john l. scott, inc.
MLS#:2520530
Source:NWMLS
7204 78th Avenue Se,Mercer Island, WA 98040
$2,099,000
  • 4 Beds
  • 2 Baths
  • 3,040 sq. ft.
  • Single family
  • Active

Price summary

  • Price:$2,099,000
  • Price per sq. ft.:$690.46

About this home

Exceptional Development Opportunity on Mercer Island. A generous 22,000 sq ft corner lot in one of MI’s most desirable neighborhoods. Site Development permitting is in process. The lot’s regular shape supports optimal design flexibility, allowing future homes to maximize the 40% FAR. Enjoy an unbeatable location just minutes from the lake, parks, shopping, and top-rated schools—all within walking distance. An existing home on the property has been modestly updated. Whether you’re a builder, investor, or homeowner with vision, this is a prime opportunity to capitalize on the scarcity of developable land on MI. Bring your team and start the permitting process.

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Home facts

  • Year built:1958
  • Listing ID #:2520530
  • Updated:May 14, 2026 at 12:33 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:1
  • Half bathrooms:1
  • Bedroom Description:Lower Level Bedrooms : 1, Main Level Bedrooms : 3
  • Basement:Yes
  • Basement Description:Daylight, Partially Finished
  • Living area:3,040 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1958
  • Building area:3,040 sq. ft.
  • Lot area:0.51 Acres
  • Lot Features:Corner, Value In Land
  • Construction Materials:Wood Products Exterior Finish
  • Exterior Features:Deck
  • Foundation Description:Daylight, Partially Finished
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$2,099,000
  • Price per sq. ft.:$690.46
  • Tax amount:$12,852 (2025)

Features and amenities

  • Amenities:Gas Available

Parking

  • Total parking spaces:2
  • Parking description:Attached Garage
  • Garage:Yes
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