6427 Mercer Way Mercer Island, WA 98040
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.