Listing provided courtesy of RSVP Brokers ERANWMLSas Distributed by MLSGrid- MLS# NWM2495739MLS Provider

3212 SE 81st Place #C203Mercer Island, WA 98040

Condo · 1 Bed · 1 Full Bath · 656 Sq. ft. | 1.35 Acres
$398,000 Pending

3212 SE 81st Place #C203 Overview

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Effective Year Built: 1996. A well-maintained NE-facing corner unit in a prime commuter location—just minutes to I-90 and only a 12–15 minute walk (0.7–0.8 miles) to the new Mercer Island Light Rail Station, offering fast, car-free access to Seattle, Bellevue, South Lake Union, and major Eastside tech employers. This unmatched transit convenience drives strong rental demand, making the home an exceptional investment opportunity. The unit features granite counters, stainless appliances, an eating bar, and a private deck overlooking the pool and greenery. Quiet bedroom with minimal shared walls and peaceful views. Community amenities include a pool, sauna, clubhouse, BBQ area, secure entry, and elevator. One assigned parking space. Pet-friendly with no rental cap, providing excellent long-term flexibility for investors and owners alike.

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3212 SE 81st Place #C203 Facts & Features

  • Type Condo
  • Sq. ft. 656
  • Price/Sq.ft. $607
  • Lot 1.35 Acres

Details

General

Association/HOA

  • Association Fee: $574.54
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Common Area Maintenance, Sewer, Snow Removal, Trash, Water

School Information

  • School District: Mercer Island

Building Information

  • Building Name: RIDGEWOOD AT ISLAND CREST
  • New Construction: No
  • Year Built: 1968

Location/Region

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

Community/Development

  • Common Property Features: Clubhouse,Elevator,Pool-Outdoor,Sauna
  • Community Features: Club House, Elevator, Pool, Sauna
  • Number Of Units In Community: 32

Tax Information

  • Tax Annual Amount: $2,534.57
  • Tax Year: 2026

General Information

  • Inclusions: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Listing Terms: Cash, Conventional
  • Parcel Number: 7312600300
  • Pets Allowed: Cats OK, Dogs OK
  • 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: 1
  • Bedrooms Lower: 0
  • Bedrooms Upper: 0

Building Interior

  • Appliances Included: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Building Area Total: 656
  • Building Area Units: Square Feet
  • Calculated Square Footage: 656
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Unit Features: Balcony/Deck/Patio,End Unit

General Information

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
  • Cooling: No
  • Entry Location: Main
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Ceramic Tile, Carpet
  • Heating: Yes
  • Interior Features: End Unit
  • Levels: One
  • Living Area: 0
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Power Production Type: Electric
  • Stories Total: 3

Unit Information

  • Unit Number: C203

Exterior

Parking Information

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

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 1.35
  • Lot Size Square Feet: 58806
  • Lot Size Units: Square Feet
  • Elevation Units: Feet

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Flat
  • Structure Type: Condominium

General Information

  • Carport: Yes
  • Exterior Features: Cement Planked

Room Information

Room: Bathroom Full

  • Level: Main

Room: Entry Hall

  • Level: Main

Room: Kitchen With Eating Space

  • Level: Main

Room: Living Room

  • Level: Main

Room: Primary Bedroom

  • Level: Main

Room: Utility Room

  • Level: Main

3212 SE 81st Place #C203 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.

3212 SE 81st Place #C203 Monthly Cost

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* 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.

3212 SE 81st Place #C203 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

3212 SE 81st Place #C203 History

Date Event Value Agent
6/28/2026Source: NWMLS Status Change
Pending
6/22/2026Source: NWMLS Status Change
Contingent
5/4/2026Source: NWMLS Price Reduction
$398,000 -4.8%
3/23/2026Source: NWMLS Added to Database
March 23, 2026