$649,900
507 Wapato Avenue
Chelan, WA 98816
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
Exterior features
Appliances
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
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.
Interested in this home?
Request a private tour or ask a question — a local agent will respond personally.