4835 Forest Avenue SE Mercer Island, WA 98040

$4,790,000
3
Beds
3
Baths
0.47
Acres
3,670
SQFT
1305
$/SQFT
$4,790,000
3
Beds
3
Baths
3,670   sf
$1305 / sf
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price reduced
1/32
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An extraordinary opportunity on Mercer Island’s coveted Gold Coast—now offered at a compelling new price. 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. The large 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.

An extraordinary opportunity on Mercer Island’s coveted Gold Coast—now offered at a compelling new price. 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. The large 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.

  • Neighborhood
  • Type
  • Total Baths
  • County
    King
  • Area
    510 - Mercer Island
  • Tax Amount
    $31,124
  • Status
    Active
  • Listing #
    2551386
  • Built
    1958
  • Lot Size
    0.47
  • Listed on site
    75 days

Listed by:
Windermere Mercer Island

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 2026-09-21 17:48:58. DMCA
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Property details

Community Features

  • No HOA
  • No Adult Community

Waterfront

  • Lake front
  • Water Access
  • Water front

Exterior features

  • No Pool
  • Parking Off-Street
  • Basement

Interior Features

  • Fire Place
  • Master Downstairs
  • Walk-In Closet
  • Washer Dryer In Unit
  • Basement Finished

Property History

DateDays AgoEventNew Price
Sep 18, 20263 days agoPrice decreased210,000 (4%)$4,790,000
Aug 3, 20262 mos agoPrice decreased450,000 (8%)$5,000,000
Jul 8, 20263 mos agoNew on market$5,450,000
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