All homes

$649,900

507 Wapato Avenue

Chelan, WA 98816

Active
Mountains view

Beds

5

Baths

2

Sq Ft

2,460

Lot

0.10 ac

Year built

1937

Type

Residential

Days listed

MLS #

2570273

About this home

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!

Interior features

Dbl Pane/Storm WindowDining RoomSprinkler SystemWater Heater

Exterior features

Wood

Appliances

DishwasherMicrowaveRefrigeratorStove(s)/Range(s)Washer

Property details

Heating
Forced Air, Heat Pump, Radiant
Cooling
Central Air, Ductless, Forced Air, Heat Pump
Flooring
Ceramic Tile, Laminate, Carpet
Parking
Detached Carport, Driveway
View
Mountains
Lot
Alley, Paved
Water source
Public
Sewer
Sewer Connected
Levels
Two

Costs

Price / sq ft
$264
Annual taxes
$3,512 (2026)

Estimate your monthly payment

$3,579/mo

Principal & interest
$3,286
Property taxes
$293
Loan amount $519,920

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Chelan, WA 98816

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Windermere Real Estate Midtown— Jonna Hood.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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