Advertise
    Mercer Island, WA
    Residential

    Mercer Island, WA Residential Land & Home Lots for Sale

    Notify Me
    List
    Map
    Bellevue, WA Seattle, WA Newcastle, WA Issaquah, WA Renton, WA Medina, WA Clyde Hill, WA Tukwila, WA
    Residential Lot Overlooking Lake Washington
    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
    View details
    Permitted Construction-Ready Homesite
    Updated: Jul 5
    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
    Includes Seattle‑based Citizen Design architectural plans for a modern residence
    Planned main floor includes chef’s kitchen with oversized island, butler’s pantry, dedicated office, guest suite, and mudroom
    Primary suite features dual walk‑in closets and spa‑inspired bath with heated floors, soaking tub, and oversized shower
    Planned lower level has theater, recreation room, wet bar, and guest suite with private exterior access
    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 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.

    Mixed-Use Development Land
    Mixed-Use Development Land

    12901 Newcastle, Newcastle, WA 98056

    $2,150,000
    4,500 sqft

    Land parcel behind the Newcastle Library includes an existing site plan for 27 townhomes and structured parking plus retail/commercial space.

    View details
    Vacant Land
    Vacant Land

    6221 48 Ave S, Seattle, WA 98118

    $275,000

    Residential land & home lots

    View details
    Land
    Land

    13059 76TH, Newcastle, WA 98056

    $850,000

    Waterfront Land

    View details
    In-City Development Land Parcel
    In-City Development Land Parcel

    4819 S Myrtle St, Seattle, WA 98118

    $99,000

    In-city land parcel zoned NR 3 with utilities nearby, including water, sewer, gas, and electric.

    View details

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

    Explore 2 residential land & home lots for sale in Mercer Island, WA on our real estate platform. These investment opportunities span a total of 21,780 square feet of properties for sale, with an estimated market value of $2,598,000.

    Sale prices for home sites in Mercer Island, WA start at $998,000, averaging $1,299,000, and reaching up to $1,600,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Commercial land 2
    Residential land & home lots 2
    Waterfront Land 1

    Demographics Overview

    Population 25K
    Population Growth (5Y) -0.8%
    Median Household Income $202,359

    High-Yield Neighborhoods for Investment

    Identify Mercer Island submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    98040 $1.4M

    Taxes & Financing

    Tax Rate (average for all types) 0.61%
    Property Tax per SF $4.68 per SF
    Tax Rate vs County Average 0.26 pp below county avg
    Average Loan-to-Value 65.0%

    How Realmo verifies these figures

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Popular Searches in Mercer Island, WA

    Most Searched ZIP Codes in Mercer Island, WA

    • 98040
    Why this one?
    Saved
    Reason not saved — we won't ask again

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!