Price Reduction - Views
Address
507 E Wapato Avenue, Chelan, WA
Price
$ 599,950
Property Attributes
- ID#2570273
- TypeSingle Family
- CountyCHELAN
- CityChelan
- AreaLake Chelan
- NeighborhoodChelan
- Zip98816
- Style2 Story
- Year Built1937
- Taxes$ 3512
- Price$ 599,950
- Bedrooms5
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage2460
- Lot Size0.1 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property 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!
| Price History | |
|---|---|
| 8/18/2026 | Listed $649,900 |
| 9/10/2026 | 4$625,000 |
| 9/20/2026 | 5$599,950 |
General Features
| Living Area | 2460 |
|---|---|
| Sewer | Sewer Connected |
| Heating | Forced Air,Heat Pump,Radiant |
| Cooling | Central Air,Ductless,Forced Air,Heat Pump |
| Possession | Negotiable,See Remarks |
| Roof | Composition |
| Appliances | Dishwasher,Microwave,Refrigerator,Stove(s)/Range(s),Washer |
| Security Features | Fully Fenced |
| Year Built | 1937 |
| View | Mountains |
| Topography | Level |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2026 |
| County | Chelan |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Attached Garage | No |
| Subdivision Name | Chelan |
| Facing Direction | South |
| Full Baths | 1 |
| Special Listing Conditions | None |
| Status | Active |
| Directions | Head east on Woodin,take Right at 4-way stoplight,and take immediate Left on Wapato Ave. 3-blocks in,the home will be on your left. |
| City | Chelan |
| Entry Location | Main |
| Senior Community Y/N | No |
| High School District | Lake Chelan |
| MLS Area | 961 - Lake Chelan |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 4356 |
| Carport Y/N | Yes |
| Listing Terms | Cash,Conventional,FHA,VA Loan |
| Land Lease Y/N | No |
| Tax Annual Amount | 3512 |
| Property Condition | Very Good |
| Public Remarks | 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 co |
| Structure Type | House |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Water Company | City of Chelan |
| Property Style | 12 - 2 Story |
| NWM_ShowMapLink | Yes |
Interior Features
| Interior Amenities | Dbl Pane/Storm Window,Dining Room,Sprinkler System,Water Heater |
|---|---|
| Basement | Unfinished |
| Flooring | Ceramic Tile,Laminate,Carpet |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| 3/4 Baths | 1 |
| Total Bedrooms | 5 |
| Main Level Bedrooms | 4 |
| Total Baths | 2 |
| Water Heater Type | Electric |
| Water Heater Location | Basement |
| Power Production Type | Electric |
| Baths Three Quarter Main | 1 |
| Bedrooms Upper | 1 |
| Baths Full Upper | 1 |
| Bathrooms | 1.75 |
Exterior Features
| Exterior Amenities | Wood |
|---|---|
| Vegetation | Garden Space |
| Parking Features | Detached Carport,Driveway |
| Lot Features | Alley,Paved |
| Water Source | Public |
| Total Parking | 5 |
| Inclusions | Dishwasher(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s) |
| Foundation Details | Poured Concrete |
| Building Area Total | 2460 |
| Lot Size Acres | 0.1 |
| Waterfront Y/N | No |
| Covered Spaces | 1 |
| Irrigation Water Rights Y/N | No |
| Site Features | Cable TV,Fenced-Fully,High Speed Internet,Outbuildings,Outdoor Fireplace,Patio,Sprinkler System |
| Parking Uncovered Total | 4 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 98816
Price
Taxes
Year Built
Visits
In The Neighborhood
Just Listed
Chelan
$ 1,274,950
- Type
- Single Family | Active
- Size
- 1,615 SqFt
- Rooms
- 3 Beds + 2.5 Baths
Listed by: Century 21 Van Dorm Realty
Open House
Chelan
$ 1,795,000
- Type
- Single Family | Active
- Size
- 2,214 SqFt
- Rooms
- 3 Beds + 2.5 Baths
Listed by: CB Cascade RE - Lake Chelan
Views
Chelan
$ 549,900
- Type
- Single Family | Active
- Size
- 1,615 SqFt
- Rooms
- 4 Beds + 2 Baths
Listed by: Windermere RE/Lake Chelan
Water Views
Chelan
$ 1,950,000
- Type
- Single Family | Active
- Size
- 5,464 SqFt
- Rooms
- 5 Beds + 4.5 Baths
Listed by: Windermere RE/Lk Chelan Dwntwn
Waterfront
Chelan
$ 115,000
- Type
- Single Family | Active
- Size
- 370 SqFt
- Rooms
- 0 Beds + 0 Baths
Listed by: Chelan Realty
Reduced
Chelan
$ 1,249,900
- Type
- Single Family | Active
- Size
- 888 SqFt
- Rooms
- 1 Beds + 2 Baths
Listed by: Chelan Realty
Water Views
Chelan
$ 1,350,000
- Type
- Single Family | Active
- Size
- 2,376 SqFt
- Rooms
- 3 Beds + 3.5 Baths
Listed by: Windermere RE/Lk Chelan Dwntwn
Reduced
Chelan
$ 338,000
- Type
- Single Family | Active
- Size
- 934 SqFt
- Rooms
- 2 Beds + 1 Baths
Listed by: eXp Realty
Views
Chelan
$ 325,000
- Type
- Single Family | Active
- Size
- 1,050 SqFt
- Rooms
- 2 Beds + 1 Baths
Listed by: Windermere RE/Lake Chelan
Reduced
Chelan
$ 565,000
- Type
- Single Family | Active
- Size
- 1,599 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: Windermere RE/Lake Chelan
Reduced
Chelan
$ 850,000
- Type
- Single Family | Active
- Size
- 2,516 SqFt
- Rooms
- 4 Beds + 3 Baths
Listed by: John L. Scott, Inc
Water Views
Chelan
$ 1,200,000
- Type
- Single Family | Active
- Size
- 2,200 SqFt
- Rooms
- 3 Beds + 2.5 Baths
Listed by: John L. Scott Mill Creek
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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLSTM of Portland, Oregon. Real estate listings held by brokerage firms other than Pinnacle Partners are marked with the RMLSTM logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLSTM, Portland, Oregon.
This content last updated on September 21, 2026 9:22 AM UTC at 4 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
