All homes

$399,950

Reduced $25,050 — was $425,000

2500 81st Avenue #118

Mercer Island, WA 98040

Active
City viewTerritorial view

Beds

2

Baths

1

Sq Ft

—

Lot

—

Year built

1960

Type

Residential

Days listed

82

MLS #

2480792

About this home

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.

Interior features

Cooking-ElectricDryer-ElectricFireplaceInsulated WindowsWasherWater Heater

Exterior features

BrickWood Products

Appliances

DishwasherDisposalDryerRefrigeratorStove(s)/Range(s)

Property details

Heating
Baseboard
Cooling
Window Unit(s)
Flooring
Vinyl Plank
Parking
Carport, Off Street, Uncovered
View
City, Territorial
Lot
Curbs, Open Space, Paved, Sidewalk
Levels
One
Fireplaces
1

Costs

Annual taxes
$2,606 (2026)
HOA dues
$1,071 / monthly

Estimate your monthly payment

$3,310/mo

Principal & interest
$2,022
Property taxes
$217
HOA dues
$1,071
Loan amount $319,960

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Mercer Island, WA 98040

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Realogics Sotheby's Int'l Rlty— Amy Thompson.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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