All homes

$5,000,000

Reduced $450,000 — was $5,450,000

4835 Forest Avenue

Mercer Island, WA 98040

Active
Low BankBulkheadLakeCity viewLake viewMountains view

Beds

3

Baths

4

Sq Ft

3,670

Lot

0.47 ac

Year built

1958

Type

Residential

Days listed

63

MLS #

2551386

About this home

Opportunity beckons you to seize this rare chance to own a west-facing waterfront estate on Mercer Island's premier Gold Coast. Its exceptional street-to-water lot encompasses nearly half an acre edged by 53 feet of prized western shoreline. You’ll savor front row views across the lake to the Seattle skyline and Seward Park, arguably among the most breathtaking vistas on the Island. Fully rebuilt in 2017, the massive, covered dock is a boater's dream complete with two boat lifts—one ready to accommodate a vessel up to 50,000 pounds. A grandfathered boathouse at the water's edge is a true rarity that can no longer be replicated under today's shoreline regulations. After a day making memories out on the lake, colorful sunsets carry you home to your waterside lawn and beautifully terraced walkway leading up to even more views from the house. The main residence plus a separate apartment above are offered as a blank canvas ready for your vision…whether that's a thoughtful renovation of the original mid-century design, or a ground-up rebuild to fully capture this irreplaceable setting. Add your signature style and create a new legacy to be loved for generations to come. Waterfront aficionados will recognize this extraordinary, diamond in the rough prospect to secure incredible views, coveted waterfront, and a boater's dock that simply can't be recreated.

Interior features

Dbl Pane/Storm WindowDining RoomFireplaceFireplace (Primary Bedroom)Jetted TubSecurity SystemSprinkler SystemVaulted Ceiling(s)Walk-In Closet(s)Water HeaterWine CellarWired for Generator

Exterior features

Metal/Vinyl

Appliances

DishwasherDisposalDouble OvenDryerMicrowaveRefrigeratorStove(s)/Range(s)Washer

Schools

Elementary

Buyer To Verify

Middle

Islander Mid

High

Mercer Isl High

Property details

Heating
Baseboard, Ductless, Radiant
Cooling
Ductless
Flooring
Ceramic Tile, Vinyl Plank, Carpet
Parking
Attached Carport, Driveway, Off Street
View
City, Lake, Mountains, Territorial
Lot
Dead End Street, Paved
Water source
Public
Sewer
Sewer Connected
Levels
Two
Fireplaces
3

Costs

Price / sq ft
$1,362
Annual taxes
$31,124 (2026)

Estimate your monthly payment

$27,876/mo

Principal & interest
$25,283
Property taxes
$2,594
Loan amount $4,000,000

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 Windermere Mercer Island— Julie Wilson.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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