$5,000,000
Reduced $450,000 — was $5,450,000
4835 Forest Avenue
Mercer Island, WA 98040
Beds
3
Baths
4
Sq Ft
3,670
Lot
0.47 ac
Year built
1958
Type
Residential
Days listed
70
MLS #
2551386
About this home
Opportunity beckons you to seize this rare chance to own a west-facing waterfront estate on Mercer Island's premier Gold Coast. Its exceptional street-to-water lot encompasses nearly half an acre edged by 53 feet of prized western shoreline. You’ll savor front row views across the lake to the Seattle skyline and Seward Park, arguably among the most breathtaking vistas on the Island. Fully rebuilt in 2017, the massive, covered dock is a boater's dream complete with two boat lifts—one ready to accommodate a vessel up to 50,000 pounds. A grandfathered boathouse at the water's edge is a true rarity that can no longer be replicated under today's shoreline regulations. After a day making memories out on the lake, colorful sunsets carry you home to your waterside lawn and beautifully terraced walkway leading up to even more views from the house. The main residence plus a separate apartment above are offered as a blank canvas ready for your vision…whether that's a thoughtful renovation of the original mid-century design, or a ground-up rebuild to fully capture this irreplaceable setting. Add your signature style and create a new legacy to be loved for generations to come. Waterfront aficionados will recognize this extraordinary, diamond in the rough prospect to secure incredible views, coveted waterfront, and a boater's dock that simply can't be recreated.
Interior features
Exterior features
Appliances
Schools
Elementary
Buyer To Verify
Middle
Islander Mid
High
Mercer Isl High
Property details
- Heating
- Baseboard, Ductless, Radiant
- Cooling
- Ductless
- Flooring
- Ceramic Tile, Vinyl Plank, Carpet
- Parking
- Attached Carport, Driveway, Off Street
- View
- City, Lake, Mountains, Territorial
- Lot
- Dead End Street, Paved
- Water source
- Public
- Sewer
- Sewer Connected
- Levels
- Two
- Fireplaces
- 3
Costs
- Price / sq ft
- $1,362
- Annual taxes
- $31,124 (2026)
Estimate your monthly payment
$27,876/mo
- Principal & interest
- $25,283
- Property taxes
- $2,594
Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.
Location
Mercer Island, WA 98040
Approximate location. Contact us to confirm the exact address.
Listing courtesy of Windermere Mercer Island— Julie Wilson.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.
Interested in this home?
Request a private tour or ask a question — a local agent will respond personally.