$399,950
Reduced $25,050 — was $425,000
2500 81st Avenue #118
Mercer Island, WA 98040
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
Exterior features
Appliances
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
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.
Interested in this home?
Request a private tour or ask a question — a local agent will respond personally.