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: Mar 13

Residential Lot Overlooking Lake Washington

9433 Se 54th St, Mercer Island, WA 98040

$998,000

0.50 AC lot

Overlooking Lake Washington
1/2 acre lot in Cay Hills
Located in a sought‑after neighborhood with top‑rated schools
Quiet dead end street
Geotechnical Report, Critical Area Study and Tree Protection Plan completed

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Permitted Construction-Ready Homesite

6427 Mercer, Mercer Island, WA 98040

$1,600,000

Fully permitted, construction-ready custom homesite with approved architectural plans and included building permits.

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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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Waterfront Land with Water Views

91 91st Avenue Southeast, Mercer Island, WA 98040

$379,950

Raw, lightly treed land with utilities located in the street and a paved exterior feature.

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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 16 Potential Opportunities for your consideration. Besides 6 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

Opportunities in Nearby Cities

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

Vacant Land

6221 48 Ave S, Seattle, WA 98118

$275,000

Residential land & home lots

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Lake Washington Waterfront Legacy Estate

10879 SE Lake Road, Bellevue, WA 98004

$8,000,000

Rare 1.12-acre Lake Washington waterfront property with rebuild potential.

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Mixed-Use Development Site

5614 Rainier Ave S, Seattle, WA 98118

Contact for pricing

0.07 AC lot

Zoned NC2P-55(M) with a 2,592 SF structure and three rear parking spaces for redevelopment.

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Bellevue Development Site Opportunity

3103 125th Ave SE, Bellevue, WA 98005

Contact for pricing

0.75-acre development site near major employers and transit.

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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

Estimated value:

$11,350,000

37,104 sqft 1.55 AC lot

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VACANT COMMERCIAL LAND

3828 Greenbrier Ln, Mercer Island, WA 98040-3728

Estimated value:

$295,000

0.01 AC lot

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VACANT COMMERCIAL LAND

7645 Sunset Hwy, Mercer Island, WA 98040-2824

Estimated value:

$1,895,000

13,152 sqft 0.63 AC lot

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Land

6427 Mercer Way, Mercer Island, WA 98040

Estimated value: by Request

0.36 AC lot

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VACANT COMMERCIAL LAND

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

Estimated value: by Request

1.34 AC lot

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VACANT COMMERCIAL LAND

Mercer Island, WA 98040

Estimated value:

$315,000

0.08 AC lot

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Mercer Island, WA Land Market Trends and Statistics

Explore 12 land for sale in Mercer Island, WA, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 75,036 square feet of properties for sale, with an estimated market value of $8,587,850.

Sale prices for lots in Mercer Island, WA start at $279,950, averaging $1,431,308, 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	$1.5M

Neighborhood

Average Price

98040

$1.5M