7204 78Th Avenue SE, Mercer Island, WA, 98040
4beds
2baths
3,040sqft
$2,099,000
$690price/sqft
$12,200/moest. monthly cost
$488,000/yrincome needed
About This Home
Exceptional Development Opportunity on Mercer Island. A generous 22,000 sq ft corner lot in one of MI’s most desirable neighborhoods. Site Development permitting is in process. The lot’s regular shape supports optimal design flexibility, allowing future homes to maximize the 40% FAR. Enjoy an unbeatable location just minutes from the lake, parks, shopping, and top-rated schools—all within walking distance. An existing home on the property has been modestly updated. Whether you’re a builder, investor, or homeowner with vision, this is a prime opportunity to capitalize on the scarcity of developable land on MI. Bring your team and start the permitting process.
Getting Around
30
Car-Dependent21
Minimal Transit35
Somewhat BikeableSchools
9/10
8/10
10/10
Construction
Condition
- Year built: 1958
Materials
- Roof: Composition
- Construction materials: Wood Products
Type & Style
- Home type: SingleFamily
- Architectural style: 1 Story w/Bsmnt.
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Daylight,Partially Finished
Bathroom Full
- Level: Main
Bedroom
- Level: Lower
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Bonus Room
- Level: Lower
Den Office
- Level: Lower
Dining Room
- Level: Main
Entry Hall
- Level: Main
Family Room
- Level: Lower
Features
- Number of fireplaces: 2
- Fireplace features: Wood Burning,Lower Level: 1,Main Level: 1,Fireplace
- Fireplace: Yes
Heating & Cooling
- Heating features: Fireplace,Forced Air,Electric,Oil,Wood
- Cooling features: None
Interior Area
- Total structure area: 3,040
- Total interior livable area: 3,040 sqft
Kitchen Without Eating Space
- Level: Main
Living Room
- Level: Main
Other
- Level: Lower
Utility Room
- Level: Lower
Property
Details
- Parcel number: 2524049068
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Fireplace
- Has view: Yes
- View description: Territorial
- Topography of land: Partial Slope
- Residential vegetation: Garden Space
Lot
- Lot size: 0.51 Acres
- Features: Corner Lot,Value In Land,Deck,Gas Available
Parking
- Total spaces: 2
- Parking features: Attached Garage
- Has garage: Yes
- Covered spaces: 2