Mercer Island Homes & Real Estate

Mercer Island Real Estate Market

Mercer Island luxury homes for sale dominate the real estate market here. Virtually all single-family homes here list above $1 million. Even homes on this more affordable end of the scale typically come with lush landscaping, beautiful interiors, luxurious features, and thoughtful design, so it's no surprise.

Mercer Island waterfront homes can be a true prize. Often featuring walls of windows to take advantage of the water views, these coveted properties only rarely list below $2 million, and the median home price is closer to $4.8 million. Waterfront estates can list for over $10 million, up to a staggering $16.9 million for the biggest, most extravagant properties. These stunning homes are what dreams are made of, featuring private docks, resort-style amenities, and custom architecture and detailing as the norm.

Not all properties on Mercer Island require such a hefty investment, however. Mercer Island condos have historically sold as affordably as the low $300s for studios and 1-bedroom units, and more recently the median list price has been around the mid-$600s. While these are rarer finds, they provide many with a foothold in this city's premium market.

Mercer Island Community Amenities

Despite only being six square miles in size, Mercer Island has more than 475 acres of parkland. Mercer Island parks include both lakefront parks like Luther Burbank Park and Clarke Beach Park as well as inland parks and golf courses like Deane's Children's Park, Pioneer Park, and Mercer Island Country Club.

Taking the highway off the island leads residents right to The Marketplace at Factoria on the east and Downtown Seattle on the west, so residents are never far from the best shopping, nightlife, dining, and attractions that the Seattle metro area has to offer, while still having the tranquility of primarily residential neighborhoods at home.

Mercer Island School Information

The Mercer Island School District serves approximately 4,500 students, comprising four elementary schools (one of which has a preschool), one middle school, and one high school. In addition, there are around half a dozen private schools serving grades PK–12, the largest of which is the French American School of Puget Sound.

Being located between Seattle and Bellevue, Mercer Island students pursuing higher education have a variety of options less than 10 miles from home. Some of the most prominent include the University of Washington, Seattle University, Northwest University, and Bellevue College.