507 E Wapato Avenue, Chelan, WA 98816 (MLS # 2530295)

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Listing provided courtesy of Northwest MLS; Windermere Real Estate Midtown

PRICE $699,000 dsIDX morgage calculator
BEDS 5
BATHS 1.75
HOME SIZE 2,460 sqft
LOT SIZE 4,356 sqft
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Opportunity awaits in the heart of Lake Chelan! Extensively renovated with a studs-out remodel in 2022 and over $225,000 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 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!

LAST UPDATED 5/29/2026 TRACT Chelan
YEAR BUILT 1937 COMMUNITY Chelan
COUNTY Chelan STATUS Active
PROPERTY TYPE(S) Single Family


ADDITIONAL DETAILS
AIR Central Air, Ductless, Heat Pump
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Electric Water Heater, Microwave, Refrigerator, Washer, Water Heater
AREA 961 - Lake Chelan
BASEMENT Unfinished, Yes
CONSTRUCTION Wood Siding
EXTERIOR Garden
HEAT Electric, Forced Air, Heat Pump, Radiant
INTERIOR Dbl Pane/Storm Window, Dining Room, Sprinkler System, Water Heater
LOT 4356 sq ft
LOT DESCRIPTION Alley, Paved
MLS STATUS Active
PARKING Detached Carport, Driveway
STORIES 2
STYLE 12 - 2 Story
SUBDIVISION Chelan
TAXES 3512
UTILITIES Cable Available, Sewer Connected
VIEW Yes
VIEW DESCRIPTION Mountain(s)
WATER Public
MORTGAGE CALCULATOR
   

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 5/30/26 10:55 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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