Mercer Island Homes under $1.25 million

Mercer Island Homes under $1.25 million

Welcome to Mercer Island, a picturesque gem nestled in the heart of Washington State, just a short drive from the bustling city of Seattle. Known for its stunning waterfront views, lush parks, and vibrant community, Mercer Island offers a unique blend of suburban tranquility and urban convenience. With its prime location on Lake Washington, residents enjoy an array of outdoor activities, from boating and fishing to hiking along scenic trails.

Mercer Island is not just about natural beauty; it boasts a strong sense of community and a highly regarded school district, making it an ideal place for families to call home. The island features a variety of amenities, including charming boutiques, delightful eateries, and a thriving local arts scene. Whether you’re looking to explore the local farmer’s market or enjoy a leisurely afternoon at one of the island’s many parks, there’s always something happening on Mercer Island.

For those seeking a home in this idyllic setting, you’ll be pleased to discover that there are excellent options available under $1.25 million. These homes offer a perfect opportunity to experience the Mercer Island lifestyle without breaking the bank. From cozy bungalows to modern townhouses, there’s a diverse range of properties that cater to various tastes and preferences.

Embrace the charm of Mercer Island and find your perfect sanctuary in this vibrant community. With affordable homes and an enviable lifestyle, Mercer Island is waiting to welcome you home!

Newest Mercer Island Homes under $1.25 million

2760 76th Avenue SE Unit #402, Mercer Island
$399,000
1 Beds ⋅ 1 Baths ⋅ 2589481 MLS ⋅ ACTIVE Status
Affordable, turnkey Mercer Island condo in the sought-after Carlton, just a few blocks to Link Light Rail with easy access to Seattle and the Eastside. Right in the heart of the MI business district, this home boasts an 84 Walk Score. Met Market, Mio Posto, Hap's Burgers, Island Books, Mercerdale Park, LID Park, and the MI Farmer's Market are all just steps away. Fresh interiors throughout with new Pergo Outlast+ laminate wood flooring, fresh interior paint, updated lighting and blinds, newer appliances, and a newer water heater. Cook and entertain with slab granite counters and cherry cabinets, then unwind by the wood-burning fireplace with Cascade Mountain views and a spacious private balcony. One deeded parking space in secure garage on the same level as the unit plus dedicated storage. Building amenities include elevators (2), secure entry and fitness center. Easy living on lovely Mercer Island, with Seattle and the Eastside just a bridge away. Pet-friendly building and no rental cap.

2760 76th Avenue SE Unit #402, Mercer Island

Listing Broker: Windermere West Metro; Chad Dierickx; 206-854-3931; chad@chaddierickx.com

2939 76th Avenue SE Unit #41B, Mercer Island
$280,000
1 Baths ⋅ 2589387 MLS ⋅ ACTIVE Status
Smart, stylish, and surprisingly spacious for its size, this 455-square-foot studio puts Mercer Island living within reach. First-time buyers, downsizers, and investors will all find something to love here. Tucked into the leafy hillside of the Island Habitat Condominiums, this home is ready for you to unpack. Fresh updates to the kitchen, bathroom, and flooring mean there's nothing left to do but settle in. Your dedicated parking spot takes the hassle out of coming home, and the town center is just a short stroll away, with the Farmer's Market, restaurants, parks, and the brand-new Light Rail station all close at hand. Right outside your door, the community cabana offers a fitness area and space to gather, so your living space stretches well beyond your front door. Mercer Island blends small-town calm with quick I-90 access to both Seattle and Bellevue, making this an ideal base for commuters and weekend adventurers alike.

2939 76th Avenue SE Unit #41B, Mercer Island

Listing Broker: John L. Scott, Inc.; Kim Florence; 510-499-7714; Kimflorence@johnlscott.com

3206 80th Avenue SE Unit #3, Mercer Island
$880,000
3 Beds ⋅ 2 Baths ⋅ 2585162 MLS ⋅ ACTIVE Status
Rarely available, beautifully updated 3-bedroom condo in the heart of downtown Mercer Island! This light-filled, sun-facing home offers approximately $30K in recent upgrades and an unbeatable location just blocks from downtown shops, restaurants, parks, grocery stores, the Park & Ride and light rail. The brand-new kitchen features new cabinetry, countertops, flooring, sink, under-cabinet lighting and stainless-steel appliances, including refrigerator, range, microwave and dishwasher. The spacious living room features a fireplace and opens to a large balcony for entertaining or relaxing. The dining area is surrounded by large windows and enjoys territorial views. The primary bedroom features an ensuite bath and custom cedar closet, while both bathrooms have new vanities, LED mirrors and exhaust fans with built-in Bluetooth speakers and heaters. Additional updates include new flooring in the primary bedroom and second bathroom, new closet doors, and a new shower head in the second bathroom. An EV charger has also been installed in the covered carport. The community was extensively remodeled in 2020 with a new roof, siding, windows and patios. Enjoy the outdoor pool and clubhouse, covered parking and storage. No rental cap. Walk to Mercerdale Park, North End cafés, bars and restaurants, grocery stores, and the Park & Ride/light rail. A wonderful alternative to single-family living in one of Mercer Island’s most convenient locations!

3206 80th Avenue SE Unit #3, Mercer Island

Listing Broker: Realogics Sotheby's Int'l Rlty; Ashima Diwakar; 206-849-9663; ashimadiwakar@hotmail.com

7639 SE 29th Street, Mercer Island
$1,215,000
3 Beds ⋅ 3 Baths ⋅ 2564896 MLS ⋅ ACTIVE Status
Rare Opportunity to own 3,132 sq. ft. on Mercer Island for under $1.5M! Spacious 3-bedroom, 2.5-bath home with bonus/media room offering the comfort of a traditional home with the ease of townhome living. Prime location near downtown Mercer Island, shopping, dining, light rail, I-90 access, and directly across from Metropolitan Market. Updated interior with fresh paint, refreshed kitchen cabinets, engineered hardwood floors, newer carpeting, recessed lighting, and a light-filled, move-in-ready feel. Main floor features a cozy family room with fireplace, spacious living and dining area with a second fireplace, and access to a private garden patio. Upper-level primary suite offers vaulted ceilings, a walk-in closet, an expansive bath, and a private balcony retreat. Strong HOA with monthly dues that provide exceptional value, covering an extensive package of amenities and utilities. Community clubhouse with one of Mercer Island's largest outdoor pools. Additional detached parking garage provides convenient overflow parking, complemented by abundant guest parking and curbside parking in front of the home and adjacent to Metropolitan Market. Exceptional space, location, lifestyle, and value on Mercer Island!

7639 SE 29th Street, Mercer Island

Listing Broker: COMPASS; Scott Gibbons; 425-890-7140; scott.gibbons@compass.com

2500 81st Avenue SE Unit #351, Mercer Island
$395,000
1 Beds ⋅ 2 Baths ⋅ 2564041 MLS ⋅ ACTIVE Status
Light-filled and move-in ready, this inviting 2-bedroom, 1.5-bath Mercer Island condominium offers comfort, convenience, and an exceptional location. Fresh interior paint and new carpet create a clean, updated feeling throughout. The spacious living room is anchored by a cozy wood-burning fireplace and a dramatic wall of windows that floods the home with natural light while opening to an expansive sun terrace—perfect for morning coffee, outdoor dining, or simply enjoying the peaceful treed outlook. The functional kitchen offers new stainless-steel appliances, ample storage, and workspace. The thoughtful floor plan provides comfortable everyday living and an assigned parking space for added convenience. Ideally situated just moments from Mercer Island's vibrant town center, shops, restaurants, parks, and the Link Light Rail station, you'll enjoy a highly walkable lifestyle with easy access to both Seattle and Bellevue. A wonderful opportunity to enjoy the best of Mercer Island living!

2500 81st Avenue SE Unit #351, Mercer Island

Listing Broker: Coldwell Banker Bain; Franz T. Diessner; 425-765-4252; teamfranzandjoe@cbbain.com

7549 SE 29th Street Unit #103, Mercer Island
$829,900
2 Beds ⋅ 2 Baths ⋅ 2554831 MLS ⋅ ACTIVE Status
Welcome to Mercer Island living in this beautifully updated, level-entry and end-unit condo in the highly desirable Montesano community. Offering the comfort and space of a single-family home with the convenience of condo living, this residence features an expansive private patio, in-unit laundry, parking for two cars in the garage, and abundant storage throughout. The open-concept floor plan is ideal for both everyday living and entertaining, with inviting living and dining spaces centered around a cozy fireplace. The remodeled kitchen showcases quartz countertops, stainless steel appliances, and modern finishes, making meal preparation a pleasure. Step outside to enjoy dining, relaxing, or entertaining on the generous private patio. The spacious primary suite is a peaceful retreat, complete with a full en-suite bath featuring a soaking tub. A second bedroom and dedicated office nook provide flexible space for guests, remote work, or hobbies. Conveniently located just moments from Mercer Island's shops, restaurants, parks, and trails. This home also offers exceptional commuter convenience with nearby Park & Ride access, new light rail station, and I-90 just minutes away.

7549 SE 29th Street Unit #103, Mercer Island

Listing Broker: CENTURY 21 Real Estate Center; Hung Dom; 206-251-6873; htdom@comcast.net

2500 81st Avenue SE Unit #329, Mercer Island
$360,000
1 Beds ⋅ 1 Baths ⋅ 2548493 MLS ⋅ ACTIVE Status
Rare opportunity on Mercer Island — a East facing one-bedroom with a private deck all within steps of the light rail station, Park & Ride and Downtown. The open living/dining space features hardwood-look plank flooring, a wall of windows, and seamless flow to the oversized deck. kitchen and bath. Building amenities include elevator, gated entry, laundry, and extra storage. The HOA includes water, sewer, trash, earthquake insurance, and grounds — two cell tower leases with Verizon and T-Mobile provide the association durable non-assessment revenue. Board actively managing capital projects including building repipe (engineering underway with J2 Consulting), new gutters, LED lighting upgrades, and elevator work recently completed. Walk Score 80 | Transit Score 82. Mercer Island schools. Bonus: No Rental Cap

2500 81st Avenue SE Unit #329, Mercer Island

Listing Broker: RE/MAX Eastside Brokers, Inc.; Bev Watson; 425-453-7000; bevwatson@remax.net

7600 SE 29th St Unit #311, Mercer Island
$565,000
2 Beds ⋅ 2 Baths ⋅ 2502461 MLS ⋅ ACTIVE Status
Located in a PRIME walkable location! This third-floor corner unit with only one shared wall offers a rare combination of privacy, comfort, and convenience. The 2 bed/1.75 bath home features a fully updated kitchen (updated in 2023) with granite countertops and stainless appliances, opening into a comfortable living and dining space. The primary suite is generously sized with a walk-in closet and a redone bath with dual vanities and a walk-in shower. The second bedroom is also generously sized, with a nicely updated guest bathroom. Private balcony, a large storage unit (great for bikes and gear), elevator access, secure parking garage, and guest parking are all included. Just a short walk to Metropolitan Market, the farmers market, parks, and the light rail for an easy commute to Seattle or the Eastside. This home is a MUST SEE! Pre-inspected for peace of mind.

7600 SE 29th St Unit #311, Mercer Island

Listing Broker: Real Broker LLC; Melanie Ghadamy; 425-445-0475; m.ghadamy@mcconnellgroup.com

2500 81st Avenue SE Unit #118, Mercer Island
$399,950
2 Beds ⋅ 1 Baths ⋅ 2480792 MLS ⋅ ACTIVE Status
PRICE IMPROVED + SELLER PAYS 6 MONTHS OF HOA DUES! Discover one of the best values in downtown Mercer Island. This beautifully remodeled residence is ideally located directly across from the new light rail station and just moments from Luther Burbank Park, downtown Mercer Island, the Community Center, waterfront parks, and regional walking and biking trails. Enjoy rare features including no rental cap, a conveniently located covered carport near the entrance, large storage unit (#14), and an approved, recorded in-unit washer/dryer. Building amenities include an elevator and club/conference room (currently being renovated). The fully renovated interior features a designer kitchen with farmhouse sink, updated bathroom, new lighting, fireplace, custom closet organizers, air conditioning, and a private in-unit washer/dryer. Bright, open living spaces extend to an expansive west-facing veranda—perfect for relaxing, entertaining, and enjoying beautiful sunset views. Located in Mercer Island's award-winning school district with quick access to both Seattle and Bellevue, this home offers exceptional convenience, flexibility, and investment potential. Price has been significantly improved, and the seller will pay 6 months of HOA dues—making this an exceptional opportunity for homeowners and investors alike.

2500 81st Avenue SE Unit #118, Mercer Island

Listing Broker: Realogics Sotheby's Int'l Rlty; Amy Thompson; 206-679-8862; amy.thompson@rsir.com

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