7204 78th Ave SE

Mercer Island, WA 98040

$2,270,000
Price
4
Beds
3,040 Sq. Ft.
$747 / Sq. Ft.
3,040
Sq. Ft.
$747
per Sq. Ft.
Listing provided courtesy of John L. Scott, Inc.

Description

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....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.
  1. Listed by Xia Zhao • John L. Scott, Inc.

Property Details for 7204 78th Avenue Southeast

Community Name
South End
School District
Mercer Island
View
Territorial
Number of Assigned Spaces
2
Total Covered Parking
2
Entry Date
06-07-2025
Energy Source
Electric,Oil,Wood
Sewer
Sewer Connected
LISTING UPDATED: 12/17/2025 10:07 AM

Property Details for 7204 78th Avenue Southeast

StatusActive
MLS #2389394
Days on Market194
Cumulative Days on Market194
Taxes$12,852 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential
Year Built1958
Lot Size0.51 AC / 22,000 SF
CountyKing County

Location

Listing Courtesy of John L. Scott, Inc.
Add your commute

Building Information for 7204 78th Avenue Southeast

Stories-Year Built1958Building Size-Lot Size0.51 AC / 22,000 SF

Payment Calculator

$12,288 per month

30 year fixed, 6.28% Interest

Principal and Interest

$11,217

Property Taxes

$1,071

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7204 78th Avenue Southeast

Summary
Location and General Information
  • Style: 16 - 1 Story w/Bsmnt.
  • Building Information: Built On Lot
  • Site Features: Deck, Gas Available
  • Area: 510 - Mercer Island
  • Directions: GPS works just fine.
  • Property Sub Type: RESI
  • View: Yes
  • Waterfront: No
  • Entry Location: Main
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Garage Spaces: 2.0
  • Attached Garage: Yes
  • Carport: No
  • Garage: Yes
  • Parking Type: Attached Garage, Garage-Attached
  • Open Parking: No
  • Parking Features: Attached Garage
Interior and Exterior Features
Bathroom Information
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 0
  • Half Bathrooms: 1
  • Full Baths Lower: 0
  • Full Baths Main: 1
  • Full Baths Upper: 0
  • Three Quarter Baths Lower: 0
  • Three Quarter Baths Main: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Lower: 1
  • Half Baths Main: 0
  • Half Baths Upper: 0
  • Full Baths Garage: 0
  • Half Baths Garage: 0
  • Three Quarter Baths Garage: 0
  • Main Level Bathrooms: 1
Bedroom Information
  • Bedrooms Main: 3
  • Bedrooms Upper: 0
  • Bedrooms Lower: 1
Interior Features
  • Fireplaces Total: 2
  • Fireplaces Lower: 1
  • Fireplaces Main: 1
  • Basement: Daylight, Partially Finished
  • Features: Fireplace
  • Room and Floor: Bonus Room-Lower, Den/Office-Lower, Dining Room-Main, Entry Hall-Main, Family Room-Lower, Kitchen Without Eating Space-Main, Living Room-Main, Utility Room-Lower, Bathroom Full-Main, Bathroom Half-Lower, Bedroom-Lower, Bedroom-Main
  • Cooling: No
  • Cooling: None
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Heating: Yes
  • Heating: Forced Air
  • FIRPTA: No
  • Room List: Bonus Room, Den/Office, Dining Room, Entry Hall, Family Room, Kitchen Without Eating Space, Living Room, Utility Room, Bathroom Full, Bathroom Half, Bedroom
  • Number Of Showers: 1
Exterior Features
  • Exterior: Wood Products
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Power Production Type: Electric, Oil, Wood
Property and Assessments
  • New Construction YN: No
  • Senior Exemption: No
  • Level: One
  • Lot Topography: Partial Slope
  • MLS Square Footage Source: Public Resource
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 4
Lot Information
  • Lot Details: Corner Lot, Value In Land
  • Lot Size Source: Public Resource
  • Parcel Number Free Text: 2524049068
  • Calculated Square Footage: 3040
  • Structure Type: House
  • Square Footage Finished: 2260
  • Square Footage Unfinished: 780
  • Vegetation: Garden Space
  • Building Area Total: 3040.0
  • Building Area Units: Square Feet
  • Property Type: Residential
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Rental
Rent Information
  • Occupant Type: Vacant
  • Land Lease: No

Property History for 7204 78th Avenue Southeast

DateEvent & SourcePriceAppreciation
Jun 7, 2025

Listed (Active)

NWMLS #2389394

$2,270,000—
Nov 4, 2021

Sold

NWMLS #1605101

$1,680,000—
Oct 28, 2021

Sold (Public Record)

Public Record #1475983451

$1,680,000—
Sep 26, 2021

Pending

NWMLS #1605101

—
May 23, 2020

Listed (Active)

NWMLS #1605101

$1,750,000—
DateEvent & SourcePrice
06/07/2025

Listed (Active)

NWMLS #2389394

$2,270,000
11/04/2021

Sold

NWMLS #1605101

$1,680,000
10/28/2021

Sold (Public Record)

Public Record #1475983451

$1,680,000
09/26/2021

Pending

NWMLS #1605101

—
05/23/2020

Listed (Active)

NWMLS #1605101

$1,750,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7204 78th Avenue Southeast

Taxable ValueLand$1,619,000Additions$342,000Total$1,961,000
Tax Record2024$12,932 ($1,078 / month)
Home Facts
Beds3Baths1Total Finished SqFt3,000 SqFtAbove Ground SqFt2,260 SqFtFinished Basement SqFt740 SqFtStories1Lot Size22,000 SqFtStyleSingle Family ResidenceYear Built1958ZoningR-9.6CountyKINGAPN252404-9068Fireplace TypeHas Fireplace

Schools near 7204 78th Avenue Southeast

This home is within Mercer Island School District.
Rating
School
Type
Grades
Distance
Lakeridge Elementary School
Public - K to 5
Islander Middle School
Public - 6 to 8
Mercer Island High School
Public - 9 to 12
Rating
School
Distance
Lakeridge Elementary School
PublicK to 5

Islander Middle School
Public6 to 8

Mercer Island High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 7204 78th Avenue Southeast, Mercer Island, WA 98040

7204 78th Avenue Southeast is a single family home for sale in Mercer Island, WA 98040. This property was listed for sale on June 7, 2025 by John L. Scott, Inc., it's currently listed at $2,270,000. It has been on the market for a total of 194 days and was last sold on November 4, 2021. This listing's school district is Mercer Island School District. Nearby schools include Lakeridge Elementary School, Islander Middle School and Mercer Island High School. 7204 78th Avenue Southeast is a 4-bed, 2-bath, 3,040 sqft single family home built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of John L. Scott, Inc.

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/18/2025 08:27 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.