Mercer Island, WA Residential land & home lots for sale

Updated: Jun 30

Residential Development Lot

8114 W Mercer Way, Mercer Island, WA 98040

$750,000

0.40 AC lot

17,603‑square‑foot residential homesite located at the top of a private street
Utilities are available in the street
Property offers lake and mountain views
Surrounded by established homes and situated in a peaceful, secluded setting
Buyer to verify all information and obtain required building permits and approvals

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Updated: Jul 24

Permitted Construction-Ready Homesite

6427 E Mercer Way, Mercer Island, WA 98040

$1,600,000

Fully permitted, construction‑ready custom homesite with approved architectural plans and building permits for a modern residence.
Permit included with sale, letting you bypass years of design/engineering/permitting while construction is ready to proceed.
Planned layout includes a chef’s kitchen with oversized island, butler’s pantry, dedicated office, main‑floor guest suite, and mudroom.
Upstairs primary suite features dual walk‑in closets and a spa‑inspired bath with heated floors, soaking tub, and oversized shower.
Lower level includes a theater, recreation room, wet bar, and a guest suite with private exterior access.

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Residential Lot Overlooking Lake Washington

9433 Southeast 54th Street, Mercer Island, WA 98040

$998,000

0.50 AC lot

Half-acre residential lot in Cay Hills with lake views.

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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 Parcel

73-xx Southeast 38th Street, Mercer Island, WA 98040

$825,000

Private, tree-lined parcel for custom home with potential views.

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Mercer Island Level Lot

4025 86th Avenue SE #12, Mercer Island, WA 98040

$1,695,000

0.31 AC lot

Large lot with potential for new construction or renovation.

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View Lot in Prime Location

28 XX 68th Avenue SE, Mercer Island, WA 98040

$1,525,000

0.21 AC lot

Rare view lot perfect for building a dream home.

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Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 7 Active listings in Mercer Island, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

Permit-Ready Level Home Lot

C-7938 Seward Park Ave S, Seattle, WA 98118

$795,000

3,758 sqft 0.33 AC lot

Level lot with permit-ready plan, utilities in place, and beach access with gated entry nearby in Seward Park.

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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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Waterfront Land with Lake Views

5221 S Ferdinand Street #13-16, Seattle, WA 98118

$1,000,000

Three contiguous parcels offer Lake Washington views, with one secured vacant home on the easternmost lot.

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Bellevue Development Site Opportunity

3103 125th Ave SE, Bellevue, WA 98005

$4,500,000

32,670 sqft

0.75-acre development site near major employers and transit.

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Mercer Island, WA Residential Land & Home Lots Market Trends and Statistics

Explore 7 residential land & home lots for sale in Mercer Island, WA, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 61,855 square feet of properties for sale, with an estimated market value of $8,993,000.

Sale prices for home sites in Mercer Island, WA start at $750,000, averaging $1,284,714, and reaching up to $1,695,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.