Emma Lazo

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Listing provided courtesy of Realogics Sotheby's Int'l RltyNWMLSas Distributed by MLSGrid- MLS# NWM2480792MLS Provider

2500 81st Avenue SE #118Mercer Island, WA 98040

Condo · 2 Beds · 1 Full Bath · 965 Sq. ft.
$415,000 Active

2500 81st Avenue SE #118 Overview

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LOCATION, LOCATION, LOCATION Price revision: the most compelling remodeled residence in downtown MI. Centrally located in the heart of Mercer Island (MI), this beautifully updated residence offers the ultimate convenience and lifestyle. Situated directly across from the newly opened light rail station and steps to Luther Burbank Park, the MI Community Center, downtown Mercer Island, and scenic waterfront trails, this residence delivers unmatched accessibility. Rare features include no rental cap, rare covered assigned parking near the entrance, a large onsite storage unit (#14), and recorded W/D units. Amenities incl elevator and a conference club room (currently under renovation). Inside this residence, enjoy a fully remodeled interior with a designer kitchen featuring a farmhouse sink, tastefully updated bathroom, new lightings, a fireplace, large screen doors, new closets and custom closet organizers. It also offers a private in-unit approved & recorded W/D and AC for year-round comfort. Bright, open living spaces flow seamlessly to an expansive 90-foot veranda with serene, unobstructed western exposure—perfect for sunset views and alfresco dining. Located in a top-rated school district with quick access to both Bellevue and Seattle, plus direct connectivity to regional walking and cycling trails, this is Mercer Island living at its finest. No rental cap provides unlimited options for owners at the most central location on the island. MUST SEE.

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2500 81st Avenue SE #118 Facts & Features

  • Type Condo
  • Sq. ft. 965
  • Price/Sq.ft. $430

Details

General

Association/HOA

  • Association Fee: $1,053.51
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Earthquake Insurance, Lawn Service, Road Maintenance, Sewer, Snow Removal, Trash, Water

School Information

  • School District: Mercer Island

Green Features

  • Green Energy Efficient: Insulated Windows

Building Information

  • Building Name: Mercer Isle Condominiums
  • New Construction: No
  • Year Built: 1960

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 510 - Mercer Island
  • Subdivision Name: Mercer Island

Community/Development

  • Common Property Features: Clubhouse,Elevator,High Speed Int Avail,Laundry Room,Lobby Entrance,Outside Entry,See Remarks
  • Community Features: Club House, Elevator, High Speed Int Avail, Laundry Room, Lobby Entrance, Outside Entry, See Remarks
  • Number Of Units In Community: 89

Tax Information

  • Tax Annual Amount: $2,606.00
  • Tax Year: 2026

General Information

  • Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Stove(s)/Range(s)
  • Listing Terms: Cash, Conventional
  • Parcel Number: 545150028003
  • Pets Allowed: No, See Remarks, Subject to Restrictions
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 2
  • Bedrooms Lower: 0
  • Bedrooms Upper: 0

Building Interior

  • Appliance Hookups: Cooking-Electric,Dryer-Electric,Washer
  • Appliances Included: Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Stove(s)/Range(s)
  • Building Area Total: 965
  • Building Area Units: Square Feet
  • Calculated Square Footage: 965
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Unit Features: Balcony/Deck/Patio,Insulated Windows

General Information

  • Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Stove(s)/Range(s)
  • Cooling: Yes
  • Fireplace Features: See Remarks,Wood Burning
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Flooring: Vinyl Plank
  • Heating: Yes
  • Interior Features: Cooking-Electric, Dryer-Electric, Fireplace, Insulated Windows, Washer, Water Heater
  • Laundry Features: Electric Dryer Hookup,Washer Hookup
  • Levels: One
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Main Level Bedrooms: 2
  • Power Production Type: Electric
  • Stories Total: 3

Unit Information

  • Unit Number: 118

Exterior

Parking Information

  • Parking Features: Carport, Off Street, Uncovered
  • Parking Total: 1

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Curbs, Open Space, Paved, Sidewalk
  • Lot Size Acres: 0
  • Lot Size Square Feet: 0
  • Lot Size Units: Square Feet
  • Elevation Units: Feet

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Direction Faces: West
  • Roof: Flat, Torch Down
  • Structure Type: House

General Information

  • Carport: Yes
  • Covered Spaces: 1
  • Exterior Features: Brick, Wood Products

Room Information

Room: Bathroom Full

    Room: Bathroom Full

    • Level: Main

    Room: Bedroom

    • Level: Main

    Room: Bedroom

    • Level: Main

    Room: Dining Room

    • Level: Main

    Room: Kitchen With Eating Space

    • Level: Main

    Room: Living Room

    • Level: Main

    Room: Primary Bedroom

    • Level: Main

    Room: Utility Room

    • Level: Main

    2500 81st Avenue SE #118 Neighborhood

    Community

    98040 (MERCER ISLAND) Demographics

    46
    Median Age
    2,001
    Population Density (per sq. mile)
    82%
    College Educated
    $150,506
    Estimated Median Income
    6,779
    Estimated Total Home Owners
    3,349
    Estimated Total Renters
    67% / 33%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    2500 81st Avenue SE #118 Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    2500 81st Avenue SE #118 Market Data

    Based on the last 30 days in this zip code

    $4,213,533
    Average List Price
    $1,190
    Average Price per Square Foot
    19
    Properties Sold
    60
    Average Days on Market
    107
    Properties for Sale
    Calculations provided by Reliance Network

    2500 81st Avenue SE #118 History

    Date Event Value Agent
    6/28/2026Source: NWMLS Status Change
    Active
    6/20/2026Source: NWMLS Status Change
    Pending Inspection
    4/28/2026Source: NWMLS Price Reduction
    $415,000 -2.4%
    3/20/2026Source: NWMLS Added to Database
    March 20, 2026
    6/20/2022Source: NWMLS Added to Database
    June 01, 2021