Sales of waterfront homes on Mercer Island were some of the first to come back after the doldrums of 2008 and 2009. Following an anemic year of just 11 waterfront home sales in 2009, the sales totals have nearly tripled in the past two years.
While 2011's sales of 30 Mercer island waterfront homes was a 6.25% drop compared to the 32 sales in 2010, to say this was a disappointment would be incorrect. 2010 was a banner year for Mercer Island, considering the current economic and real estate landscape. Waterfront sales here were at standout levels compared to the greater market. The fact that waterfront home sales in 2011 continued to keep pace with the blockbuster 2010 sales is another testament to the staying power of waterfront homes values in Mercer Island.
Of the 30 waterfront homes sold in Mercer Island last year, 25 were priced over $1 million and 18 were multi-million dollar homes. The NWMLS labels homes in the center of Mercer Island on man-made lakes as "waterfront", and these homes are the lowest-priced sales in the $800k-$900k range. Most homes that are actually on Lake Washington waterfront are priced significantly over $ 1 million.
Mercer Island Waterfront Homes Sold, 2011
| 6827 96th Ave | Mercer Island | $850,000 |
| 2233 77th Ave SE | Mercer Island | $877,000 |
| 9805 SE 42nd Place | Mercer Island | $896,000 |
| 7730 80th Place SE | Mercer Island | $900,000 |
| 7710 80th Place SE | Mercer Island | $900,000 |
| 7330 80th Place SE | Mercer Island | $1,055,000 |
| 4610 E Mercer Wy | Mercer Island | $1,145,000 |
| 6226 E Mercer Wy | Mercer Island | $1,400,000 |
| 7550 E Mercer Wy SE | Mercer Island | $1,492,700 |
| 8440 Benotho Place SE | Mercer Island | $1,512,500 |
| 4456 Ferncroft Rd | Mercer Island | $1,550,000 |
| 8814 N Mercer Way | Mercer Island | $1,705,000 |
| 4625 Forest Ave SE | Mercer Island | $2,025,000 |
| 9815 SE 42nd Place | Mercer Island | $2,073,900 |
| 4612 E Mercer Wy | Mercer Island | $2,308,000 |
| 8048 Avalon Place | Mercer Island | $2,375,000 |
| 5404 96th Ave SE | Mercer Island | $2,405,000 |
| 7912 East Mercer Way | Mercer Island | $2,450,000 |
| 4056 E Mercer Wy | Mercer Island | $2,485,000 |
| 8030 SE 20th St | Mercer Island | $2,500,000 |
| 9825 SE 42nd Place | Mercer Island | $2,500,000 |
| 8232 Avalon Dr | Mercer Island | $2,730,000 |
| 8055 W Mercer Wy | Mercer Island | $2,780,000 |
| 7240 N Mercer Wy | Mercer Island | $3,000,000 |
| 9434 SE 33rd St | Mercer Island | $3,010,000 |
| 6236 E Mercer Wy | Mercer Island | $3,850,000 |
| 1630 72nd Ave SE | Mercer Island | $4,207,500 |
| 1640 72nd Ave SE | Mercer Island | $5,925,000 |
| 4270 Holly Lane | Mercer Island | $6,125,000 |
| 9740 SE 35th Place | Mercer Island | $6,750,000 |
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