$5,450,000
Active

4835 Forest Avenue SE

Mercer Island, WA 98040
Browse more homes in Mercer Island, WA
3
Beds
3.5
Baths
3,670
SqFt
1958
Built
There is still time to spend your summer playing on sparkling Lake Washington! With a tempting new price, 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.
4835 Forest Avenue SE
MORTGAGE CALCULATOR
$27,558
Estimate only — not a loan offer. Consult a lender for actual terms.

LISTING SNAPSHOT

Price$5,450,000
Bedrooms3
Full Baths3
Half Baths1
Inside Area (SqFt)3,670 sqft
Lot Size0.4728 Acres
Year Built1958
MLS® Number2551386
StatusActive
Property Tax31124
HOA/Condo/Coop FeesN/A

GENERAL

Acres0.4728
Direction FacesWest
Land LeaseNo
LevelsTwo
ParkingAttached Carport, Driveway, Off Street
Parking Spaces4
Property ConditionFixer
Property Sub TypeSingle Family Residence
SecuritySecurity System
SqFt Total4110
UtilitiesCable Available, Sewer Connected
Water SourcePublic
ZoningR15

INTERIOR

AppliancesDishwasher, Double Oven, Dryer, Microwave, Refrigerator, Disposal, Gas Water Heater, Washer, Water Heater
BasementDaylight, Partially Finished
CoolingDuctless
FireplaceYes
Fireplace FeaturesGas, Wood Burning, Master Bedroom
Fireplaces3
FlooringCeramic Tile, Carpet, Vinyl
HeatingElectric, Natural Gas, Baseboard, Ductless, Radiant
InteriorWalk-In Closet(s), Vaulted Ceiling(s)
Main Level Bedrooms1
Approved AccessoryLevel - Second
Bathroom FullLevel - Lower
Bathroom Three QuarterLevel - Lower
BedroomLevel - Main
DenLevel - Main
Dining RoomLevel - Main
Entry HallLevel - Main
KitchenLevel - Main
Living RoomLevel - Main
Master BedroomLevel - Lower
Utility RoomLevel - Lower

EXTERIOR

Construction DetailsVinyl Siding, Metal Siding
ExteriorGarden
Lot FeaturesSloped, Paved, Waterfront
Other StructuresBoat House
Patio And PorchDeck
RoofSee Remarks
ViewCity, Lake, Mountain(s), Territorial
WaterfrontYes
Waterfront FeaturesLake, Waterfront
WaterviewCity, Lake, Mountain(s), Territorial

COMMUNITY

Accessibility FeaturesTherapeutic Whirlpool
Building AccessMain
Financing Terms AvailableCash, Conventional
MLS Area510 - Mercer Island
School DistrictMercer Island

SCHOOLS

School DistrictMercer Island
Elementary SchoolBuyer To Verify
Middle SchoolIslander Mid
High SchoolMercer Isl High

RECENT ACTIVITY

July 8, 2026Active

Listing courtesy of Windermere Mercer Island

Courtesy of NWMLS
Listing courtesy of Julie Wilson of Windermere Mercer Island



Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2026-07-15 03:41 AM PDT

Comps

Limited comparable sales data available in this area.

Scroll to Top