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Property profile & analytics
OFF-MARKET
Land

6427 Mercer Way Mercer Island, WA 98040

0.36 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.363-acre vacant residential lot is situated on the west side of E Mercer Way, just north of the 6400 block in desirable Mercer Island, WA 98040. Priced at $1,495,000, this property presents a remarkable opportunity to build your dream home. Complete building plans are available for a substantial two-story home encompassing 5,637 square feet, including a basement and a three-car garage, along with four bathrooms. The plans are ready for your builder and custom construction loan, or you can utilize the seller's builder. Potential for winter peak views adds to the allure. All essential utilities—sewer, water, and other services—are conveniently located in the street. Extensive groundwork has already been completed, including a survey, topography study, geotechnical report, and site plan. The property is anticipated to be permit-ready within 60 days or less, streamlining the construction process. Mercer Island offers an abundance of amenities, with easy access to Clark Beach or Beach Club, the Country Club, a park, preschool, the Mercer Island Saddle Club, diverse restaurants, and a convenient shopping center, all easily accessible via E Mercer Way. Buyers are responsible for independently verifying all information, including legal aspects, title, public records, and building requirements to their satisfaction.

Property profile
Verified
Property type Land
Lot 0.36 ac (15,812 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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