7204 78Th Avenue SE Mercer Island WA 98040 MLS #NWM2389394

Exceptional Development Opportunity on Mercer Island. A generous 22,000 sq ft corner lot in one of MI’s most desirable neighborhoods. Preliminary subdivision approval granted—ready to be divided into two lots. 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.
Property Details
Price:
$2,270,000
MLS #:
NWM2389394
Status:
Active
Beds:
4
Baths:
2
Address:
7204 78Th Avenue SE
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
South End
Neighborhood:
510 – Mercer Island
City:
Mercer Island
Listed Date:
Jun 7, 2025
State:
WA
Finished Sq Ft:
3,040
Total Sq Ft:
3,040
ZIP:
98040
Lot Size:
22,000 sqft / 0.51 acres (approx)
Year Built:
1958
Schools
School District:
Mercer Island
Interior
Bathrooms
1 Full Bathroom, 1 Half Bathroom
Cooling
None
Fireplaces Total
2
Heating
Forced Air
Exterior
Construction Materials
Wood
Exterior Features
Wood Products
Parking Features
Attached Garage
Parking Spots
2
Roof
Composition
Financial
Tax Year
2025
Taxes
$12,852
Map
Contact Us
Mortgage Calculator
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7204 78Th Avenue SE
Mercer Island, WA
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