Mercer Island, WA Land for sale

Updated: Jan 27

Mercer Island Development Opportunity

3003 Island Crest Way, Mercer Island, WA 98040

$4,950,000

3,683 sqft 0.44 AC lot

Prime development site on Mercer Island.
Multifamily 2 (MF‑2) zoning allows for Multifamily, Office, Medical, Retail, and Mixed‑Use development.
Highly visible corner location along Island Crest Way.
Just an 8‑minute walk to the new Mercer Island Link Light Rail Extension (opening in 2024).
Land area of 19,169 SF / 0.44 acre.

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Updated: Nov 4, 2025

Waterfront Land with Skyline Views

7220 N Mercer Way, Mercer Island, WA 98040

$6,800,000

0.57 AC lot

Breathtaking views of the Bellevue skyline and Lake WA.
82+ feet of private shoreline.
Deep‑water moorage with a U‑shaped covered dock.
Half‑acre property on Mercer Island’s sought‑after North End.
Gated entry and lush natural beauty.

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Mercer Island Land with Views

0 XXX 91st Ave Se, Mercer Island, WA 98040

$279,950

0.38 AC lot

Land with water views in a quiet Mercer Island neighborhood.

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Mercer Island Land with Views

0 XX23 91 St Avenue Se, Mercer Island, WA 98040

$379,950

0.40 AC lot

Land with water views in a quiet Mercer Island neighborhood.

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Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 4 Active listings in Mercer Island, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Downtown Bellevue Development Opportunity

100-138 107th Ave NE, Bellevue, WA 98004

Contact for pricing

0.55 AC lot

High-density mixed-use site in a dynamic urban market.

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Development Opportunity in Hillman City

5614 Rainier Ave S, Seattle, WA 98118

$725,000

3,006 sqft

Prime mixed-use development site in South Seattle's Hillman City.

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Prime Downtown Bellevue Development Site

119 107th Ave SE, Bellevue, WA 98004

$10,000,000

Two-parcel development site near Downtown Bellevue Park and transit.

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Rainier Avenue Mixed-Use Development Opportunity

4103 Rainier Avenue S, Seattle, WA 98118

$2,700,000

0.35 AC lot

15,131 SF lot zoned for mixed-use development.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

68 Acres Tillable Land For Sale

Saint Johns, MI 48879

$499,000

68.30 AC lot

68 acres of tillable land suitable for multiple uses.

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Off-Market Properties in Mercer Island, WA

Consider similar Off-Market properties in Mercer Island, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

VACANT COMMERCIAL LAND

8475 Mercer Way, Mercer Island, WA 98040-5632

$11,350,000

Estimated value

37,104 sqft 1.55 AC lot

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VACANT COMMERCIAL LAND

3828 Greenbrier Ln, Mercer Island, WA 98040-3728

Value Estimation by Request

0.01 AC lot

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VACANT COMMERCIAL LAND

7645 Sunset Hwy, Mercer Island, WA 98040-2824

$1,895,000

Estimated value

13,152 sqft 0.63 AC lot

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Land

6427 Mercer Way, Mercer Island, WA 98040

Value Estimation by Request

0.36 AC lot

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VACANT COMMERCIAL LAND

9200 36th Pl, Mercer Island, WA 98040-3737

Value Estimation by Request

1.34 AC lot

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VACANT COMMERCIAL LAND

Mercer Island, WA 98040

Value Estimation by Request

0.08 AC lot

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Mercer Island, WA Land Market Trends and Statistics

Explore 10 land for sale in Mercer Island, WA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 3,683 square feet of properties for sale, with an estimated market value of $4,950,000.

Sale prices for lots in Mercer Island, WA start at $4,950,000, averaging $4,950,000, and reaching up to $4,950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
98040	$5.6M

Neighborhood

Average Price

98040

$5.6M

Mercer Island, WA Land for Sale

3003 Island Crest Way, Mercer Island, WA 98040

7220 N Mercer Way, Mercer Island, WA 98040

0 XXX 91st Ave Se, Mercer Island, WA 98040

0 XX23 91 St Avenue Se, Mercer Island, WA 98040