7204 78Th Avenue SE Mercer Island, WA 98040

$2,270,000
4
Beds
1.5
Baths
0.50
Acres
2,260
SQFT
1004
$/SQFT
$2,270,000
4
Beds
1.5
Baths
2,260   sf
$1004 / sf
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active
1/3
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Exceptional Development Opportunity on Mercer Island. A generous 22,000 sq ft corner lot in one of MI’s most desirable neighborhoods. Preliminary subdivision approval granted—ready to be divided into two lots. 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.

Exceptional Development Opportunity on Mercer Island. A generous 22,000 sq ft corner lot in one of MI’s most desirable neighborhoods. Preliminary subdivision approval granted—ready to be divided into two lots. 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.

  • Neighborhood
  • Type
  • Total Baths
  • 1/2 Baths
  • County
    King
  • Area
    510 - Mercer Island
  • Tax Amount
    $12,852
  • Status
    Active
  • Listing #
    2389394
  • Built
    1958
  • Lot Size
    0.50
  • Listed on site
    21 days

Listed by:
John L. Scott, Inc.

Listing information © 2023 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by LaVerne Pike - Windermere Real Estate - and should be verified by the buyer. The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Laverne Pike - Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2025-06-28 17:33:08. DMCA
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Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • Corner Lot

Exterior features

  • Has garage
  • No Pool
  • Basement

Interior Features

  • Fire Place
  • Master Downstairs
  • Basement Finished
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