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Listed by: Jonna Hood (425) 280-6852 | Windermere Real Estate Midtown (206) 682-1044
$599,950
Monthly Est:$2,986
5 Beds
2 Baths1 full bath
2,460sqft
507 E Wapato Ave, Chelan, WA 98816
$599,950
$2,986/moEst:
Get Pre-Approved
Single Family Residence
Built in 1937
$-- HOA
4,356 sqft lot
$244/sq.ft
Description
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!
- Houzeo last checked: 12 hours ago
- Listing updated: September 20, 2026 at 11:42 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2570273
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
-
County
City
Neighborhood
--
Year Built
1937
HOA Fees
-
Finished Area
2,460 sqft
Lot Size
4,356 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2570273
MLS Status
Active
Days on Market
45
Cumulative Days on Market
117
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 2
Dining Room
Level: Main
Entry Hall
Level: Main
Family Room
Level: Main
Kitchen Without Eating Space
Level: Main
Living Room
Level: Main
Primary Bedroom
Level: Main
Utility Room
Level: Main
Bedroom
Level: Main
Bedroom
Level: Main
Bedroom
Level: Main
Bedroom
Level: Second
Bathroom Full
Level: Second
Bathroom Three Quarter
Level: Main
Interior
Flooring
Ceramic Tile, Laminate, Carpet
Appliances
Dishwasher, Microwave, Refrigerator, Stove(s)/range(s), Washer
Exterior Features
Wood
Sewer
Sewer Connected
Interior Features
Dbl Pane/storm Window, Dining Room, Sprinkler System, Water Heater
Heating
Forced Air, Heat Pump, Radiant
Cooling
Central Air, Ductless, Forced Air, Heat Pump
Construction
Year Built
Year Built: 1937
Home type
Single Family Residence
Roof
Composition
Property Condition
Very Good
Foundation Details
Poured Concrete
Construction Materials
Wood
Utilities & Energy
Parking Features
Detached Carport, Driveway
Security Features
Fully Fenced
Basement
Unfinished
Water Source
Public
Other Features
Lot Features
Alley, Paved
Subdivision Name
Chelan
Vegetation
Garden Space
Price History
| Date | Event | Price |
|---|---|---|
08/18/2026 Source: | Listing Removed | $685,000 +14.18% $278/sqft |
08/18/2026 Source: | Listed for Sale | $599,950 -4.01% $244/sqft |
08/18/2026 Source: | Price Decreased | $625,000 -3.83% $254/sqft |
08/18/2026 Source: | Price Increased | $649,900 +8.33% $264/sqft |
08/18/2026 Source: | Price Decreased | $599,950 -12.42% $244/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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