Property Details
2500 81st Avenue SE #118
Mercer Island, WA 98040
$399,950
Active
Schedule a Tour
Select your date preference
Request More Info
1 / 34
Key Takeaways
- This 2-bedroom, 1-bath condominium in Mercer Island, King County is listed at $399,950.
- 965 square feet of living space, or $414 per square foot.
- Built in 1960.
- Annual property taxes are $2,606 (2026).
- Association dues are $1,071 monthly.
- Served by the Mercer Island school district.
About This Home
PRICE IMPROVED + SELLER PAYS 6 MONTHS OF HOA DUES! Discover one of the best values in downtown Mercer Island. This beautifully remodeled residence is ideally located directly across from the new light rail station and just moments from Luther Burbank Park, downtown Mercer Island, the Community Center, waterfront parks, and regional walking and biking trails. Enjoy rare features including no rental cap, a conveniently located covered carport near the entrance, large storage unit (#14), and an approved, recorded in-unit washer/dryer. Building amenities include an elevator and club/conference room (currently being renovated). The fully renovated interior features a designer kitchen with farmhouse sink, updated bathroom, new lighting, fireplace, custom closet organizers, air conditioning, and a private in-unit washer/dryer. Bright, open living spaces extend to an expansive west-facing veranda—perfect for relaxing, entertaining, and enjoying beautiful sunset views. Located in Mercer Island’s award-winning school district with quick access to both Seattle and Bellevue, this home offers exceptional convenience, flexibility, and investment potential. Price has been significantly improved, and the seller will pay 6 months of HOA dues—making this an exceptional opportunity for homeowners and investors alike.
Property Details
Property Information
Property Type
Residential
Subtype
Condominium
Status
Active
County
King
Neighborhood
Mercer Island
Listed
Mar 20, 2026
Original Price
$425,000
Structure Type
House
Parcel Number
545150028003
Tax & HOA
Annual Property Tax
$2,606 (2026)
Est. Monthly Tax
$217/mo
HOA Fee
$1,071/monthly
HOA Includes
Earthquake Insurance, Lawn Service, Road Maintenance, Sewer, Snow Removal, Trash, Water
Interior Features
Bedrooms
2
Bathrooms
1.0
Living Area
965 sq ft
Stories
3
Interior Features
Cooking-Electric, Dryer-Electric, Fireplace, Insulated Windows, Washer, Water Heater
Laundry
Electric Dryer Hookup, Washer Hookup
Exterior & Lot
Year Built
1960
Exterior Materials
Brick, Wood
Parking
Carport, Off Street, Uncovered
Lot Features
Curbs, Open Space, Paved, Sidewalk
Exterior Features
Brick, Wood Products
Community & Access
Community Features
Club House, Elevator, High Speed Int Avail, Laundry Room, Lobby Entrance, Outside Entry, See Remarks
Pets
No, See Remarks, Subject to Restrictions
Directions
From I-90, take Mercer Island Exit 7. Head south on 77th Ave SE, turn left on SE 24th St, then right on 81st Ave SE. Building is on the left across from the light rail station. Park @ visitor parking.
Location
City
Mercer Island
County
King
Coordinates
47.58831, -122.23000
Schools
School District
Mercer Island
HOA / Association
HOA Fee
$1,071 / Monthly
HOA Includes
Earthquake Insurance, Lawn Service, Road Maintenance, Sewer, Snow Removal, Trash, Water
Additional Information
Tax Year
2026
Annual Taxes
$2,606
Possession
Array
Community Features
Club House, Elevator, High Speed Int Avail, Laundry Room, Lobby Entrance, Outside Entry, See Remarks
Inclusions
Dishwasher(s),Dryer(s),Garbage Disposal,Refrigerator(s),Stove(s)/Range(s)
Mortgage Calculator
Estimated Monthly Payment
$0
Down Payment
$0
Loan Amount
$0
Provided by Beyond Real Estate, LLC
Down Payment Assistance Available
This property may qualify for homebuyer assistance programs
Find out if you’re eligible for down payment assistance programs that could help make this home more affordable. Programs can provide thousands of dollars toward your down payment and closing costs.
Check Your EligibilityBased on information submitted to the MLS GRID as of September 17, 2026 6:45 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
