There have been 3 waterfront homes sold in Mercer Island so far in 2009. Two are in the Lakes neighborhood, while the third is Lake Washington waterfront.
The Lakes neighborhood is comprised of high end 1980's era homes on a group of small inland lakes. The two homes sold each had waterfront on this neighborhood shoreline. Selling at just under $1,000,000, the first 4 bed, 3.5 bath home sold at a 15% discount from list price in about 5 months. The second sale in Lakes was a 3 bed, 2.5 bath home with 120+ feet of waterfront. The home sold for just over $1,000,000 at a 6% discount from list. It was on the market for 9 months.
The other sale was a Lake Washington waterfront home on the "quiet" Northeast shore of Mercer Island. With 80 feet of waterfront and a modest 1500 sq ft house, it sold for almost $2,000,000 after 10 months on the market. The 3 bed, 1.5 bath home is a 1915 cottage is situated on a large, 16,000 sq ft lot with plenty of privacy.
Mercer Island Waterfront Homes
Mercer Island Water View Homes
Sam DeBord and Brian Wiegand
SeattleHome.com (206) 431-5900
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