Active · Residential

507 E Wapato Avenue , Chelan, WA 98816

Chelan, WA 98816

$599,950

5 bedrooms · 2 bathrooms · 2,460 sq ft

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Listing provided by Windermere Real Estate Midtown · MLS #2570273 · Active

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About this property

Opportunity awaits in the heart of Lake Chelan! Extensively renovated with a studs-out remodel in 2022 and over $200,000 invested in upgrades, this turnkey property offers a perfect blend of modern comfort, prime location, & income-producing potential. Just blocks from the lake & downtown, this home is ideally positioned as either a full-time residence, vacation retreat, or high-performing short-term rental. This spacious 5 bedroom 2,460-square-foot home features a fully fenced & shaded front yard creating a welcoming outdoor retreat, while the private back patio is designed for entertaining with covered dining, sectional seating around a firepit, and detached storage shed. Inside, nearly every surface & system has been updated, including flooring, appliances, bathrooms, HVAC (AC!), electrical, plumbing, windows, and more. The living room is anchored by a charming bay window framing beautiful mountain views, an expansive dining area comfortably seating 10 guests, 3 bedrooms & a tiled bath with radiant flooring. Two light-filled oversized bedrooms upstairs sharing a full bath. A massive unfinished attic presents potential for future expansion — a bunk room or play area. Thoughtfully redesigned, this move-in-ready property offers flexibility, charm, & proven rental performance in one of Washington’s most sought-after vacation destinations. Inspection report & rental statements available. Schedule a private tour today!

Property details

Property type: Single Family Residence
Year built: 1937
Lot size: 4,356 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $3,512 (2026)
Parking spaces: 5
School district: Lake Chelan

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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