June 11, 2008

New Millionaire Mercer Island Listings, Lake Views for All

Colonial Mercer Island Home 

Many people think stunning water views from their home is an added perk. For these
Mercer Island homes, it’s requirement. With homes reaching all the way up to $35 million, waterfront property on
Mercer Island is not new. A historic wine cellar and a home mimicking New England townships of the 1700’s, now that’s bargaining power you can count on.   

Check out the new homes this week that made our millionaire list.  

4146 Boulevard Pl – $2.4 million
This brand new, eclectic and modern five-bedroom home has everything the luxury home buyer needs – even a wine cellar. Be sure to note the annual taxes of nearly $5,000… Yikes! Although, at $2.4 million, taxes are not a likely concern for a future owner.   

9336 Mercerwood Dr – $1 million
Just barely making our millionaire list, the five-bedroom mid-century home is situated at a peak of a hill, offering sweeping views of Seattle’s hilly side and
Lake Washington. The interior lacks modern updates, which brings its price down. Hello…investors!?!? Taxes jump to nearly $6,000 per year with this 10,165 square foot lot.  

4612 E Mercer Way – $4.25 million
There’s much more than a lake view here. A private dock along with an exclusive end lot facing nothing but greenery sets this waterfront
Mercer Island home apart from its million dollar friends. It has a cabin’s charm but with modern amenities. Remember, with waterfront real estate follows a heavy tax burden. Be prepared to budget $15,850 over the year to cover property taxes.  

 9610 SE 34th St – $3.9 million
From afar, the home is reminiscent of Colonial Williamsburg or a something you would see in a magazine for “homes of famous politicians.” (Editor note: this in no way infers a politician lives here). With five bedrooms, 4.5 bathrooms and more than 5,000 square feet, the home is certainly roomy enough for a large family looking for quiet at the water’s edge. Same goes for this waterfront beauty—$15,737 in annual taxes. Oh, but isn’t the waterfront worth it? 


  • Judyschanta
    I lived on Mercer Island in 1975 on the Northside of the island and could walk down to the water. Got a nice one bedroom apt for about 500 a month. I was a single parent Mom. It was hard. I worked at the Federal Bldg on 2 nd Ave. I could not afford to pay for parking down town so got use to the city bus. I was from a small town in the Mid west so Mercer Island was my comfort zone. Only lasted a year because of the cost of living. Judy
  • TR
    Nice write-up Tera!
    The workmanship on the 35mil place is awesome! the sales commission alone would buy one of the other homes (now that is a flip)

    TR
  • Kiyo
    Great article! I love window shopping property I can't afford. It's so much fun to see what's out there!
  • Lori
    I would love to tour these homes. The decriptions that are posted make it very inviting!! There is one problem, I am lacking 35 million!!
  • So true that houses on Mercer Island are priced shockingly high, but with the condo explosion on the island, it's actually possible to find 1 or 2 bedroom apartments under $350,000. Seattle will always have its high-rollers, but what I love about the area is the market's tolerance for all income types.
  • tim
    I wish I worked for a local unnamed software company and could afford these houses! Never new the market was so expensive out there...
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