For Sale
Price CutPrice Drop: $10.9K (10/14)
Single family home for sale at 506 S Shelley Lake Ln, Spokane Valley, WA 99037 | MLS# 202621829 | Listing updated on 2026-10-17
Photo 1 of Single family home for sale at 506 S Shelley Lake Ln, Spokane Valley, WA 99037 | MLS# 202621829 | Listing updated on 2026-10-17
Photo 2 of Single family home for sale at 506 S Shelley Lake Ln, Spokane Valley, WA 99037 | MLS# 202621829 | Listing updated on 2026-10-17
Photo 3 of Single family home for sale at 506 S Shelley Lake Ln, Spokane Valley, WA 99037 | MLS# 202621829 | Listing updated on 2026-10-17
Photo 4 of Single family home for sale at 506 S Shelley Lake Ln, Spokane Valley, WA 99037 | MLS# 202621829 | Listing updated on 2026-10-17
36+
Beds Icon

Street View

$599,000

Monthly Est:$2,981

  • Beds Icon4 Beds
  • Beds Icon
    4 Baths
  • Beds Icon2,771sqft

506 S Shelley Lake Ln, Spokane Valley, WA 99037

$2,981/moEst:

Get Pre-Approved

  • Single Family Residence

  • Built in 1990

  • $75/mo HOA

  • 9,147 sqft lot

  • $216/sq.ft

Description

Experience the beauty of life at Shelley Lake, a gated community centered around a picturesque 21-acre spring-fed lake nourished by Saltese Creek and underground springs. Named after early homesteader John Francis Shelley, the neighborhood offers scenic walking trails, peaceful lake views, and abundant wildlife, creating a truly tranquil setting. This contemporary Craftsman home is framed by beautiful landscaping with ornamental and fruit trees, colorful planting beds, and a welcoming front patio overlooking the lake. Inside, a dramatic staircase leads to a spacious primary suite featuring an impressive walk-in closet. The finished daylight basement provides a comfortable second living area with a cozy gas stove plus a private office that easily functions as a fourth bedroom. Award-winning Central Valley Schools, Close to shopping, dining, and I-90. Don't miss this opportunity to enjoy one of Spokane Valley's most desirable lake communities.

  • Houzeo last checked: 4 hours ago
  • Listing updated: October 17, 2026 at 3:01 pm
  • Listing Provided by: Dixie Simon | REAL Broker LLC (855) 450-0442
  • Source: Spokane MLS-WA | MLS#: 202621829 Spokane MLS-WA

Property Details

  • Status

    Active

  • Type

    Single Family Residence

  • No. of Stories

    3

  • County

    Spokane County

  • City

    Spokane Valley

  • Neighborhood

    --

  • Year Built

    1990

  • HOA Fees

    $75/mo

  • Finished Area

    2,771 sqft

  • Lot Size

    9,147 sqft lot

  • Basement Area

    - sqft

  • MLS Name

    Spokane MLS

  • MLS Number

    202621829

  • MLS Status

    Active

  • Days on Market

    85

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Location

HOA Management

N/A

HOA Fees

$75/ Monthly

Disclaimer: Amenities are based on third-party information and may vary; buyers must independently verify all amenities, as information is deemed reliable but not guaranteed.

Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedrooms: 4

    Bathrooms: 4

  • Basement

    Level: Basement

  • First Floor

    Level: First

  • Second Floor

    Level: Second

Interior

  • Heating

    Gas, Forced Air

  • Appliances

    Water Softener, Free Standing Range, Gas Range, Refrigerator, Disposal, Microwave

  • Interior Features

    Smart Thermostat, Pantry, Kitchen Island

  • Flooring

    Wood

  • Window Features

    Vinyl Frames

  • Cooling

    Central Air

Construction

  • Year Built

    Year Built: 1990

  • Home type

    Single Family Residence

  • Architectural Style

    Contemporary

  • Roof

    Composition

  • Construction Materials

    Brick Veneer, Masonite

Utilities & Energy

  • Utilities

    Cable Available

  • Basement

    Partial, Finished, Rec/family Area

  • Parking Features

    Attached, Garage Door Opener

  • Fireplace Features

    Gas

Other Features

  • Subdivision Name

    Shelley Lake Pud

  • Lot Features

    Fenced Yard, Sprinkler Automatic, Common Grounds

  • Patio And Porch Features

    Patio

Price History

DateEventPrice

10/07/2026

Source: mls_logoSpokane MLS-WA #SAR202621829

Price Decreased

$599,000 -1.79%

$216/sqft

08/27/2026

Source: mls_logoSpokane MLS-WA #SAR202621829

Price Decreased

$609,900 -7.58%

$220/sqft

07/30/2026

Source: mls_logoSpokane MLS-WA #SAR202621829

Listed for Sale

$659,900 +21.08%

$238/sqft

07/26/2021

Source: mls_logoSpokane MLS-WA #SAR202118193

Price Increased

$545,000 +87.93%

$197/sqft

12/27/2016

Source: mls_logoSpokane MLS-WA #SAR201619470

Sold

$290,000

$105/sqft

Nearby Homes

Based on information from the Spokane Association of REALTORS® through Oct 23, 2026, 06:45AM. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate. ©2026 Spokane Association of REALTORS®. All Rights Reserved.

Advertising Broker: Christy Lee-Naumann | Real Estate by You LLC