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$685,000

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 1 Full Bath
  • 1 Partial Bath
  • 2,460 Sq. Ft.

Listed by Jonna Hood | Windermere Real Estate Midtown | (206) 682-1044

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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 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!

Full Property Details for 507 E Wapato Ave

General

  • Price: $685,000
  • Taxes: $3,512 (2026)
  • Status: Active
  • Type: Single Family
  • Source: NWMLS
  • MLS ID: 2530295
  • Updated: 7/1/2026
  • Added to Site: 53 day(s) ago

Rental Information

  • Short Term: Yes

Interior

  • Interior Features: Dbl Pane/Storm Window, Dining Room, Sprinkler System, Water Heater
  • Appliances: Dishwasher(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Flooring: Ceramic Tile, Laminate, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • 3/4 Bathrooms: 1
  • Upper - Full Baths: 1
  • Main Floor Baths: 1
  • Main - 3/4 Baths: 1

Bedrooms

  • Total Bedrooms: 5
  • Bedrooms Upper: 1
  • Bedrooms Main: 4

Additional Information

  • Amenities: Cable TV, Fenced-Fully, High Speed Internet, Outbuildings, Outdoor Fireplace, Patio, Sprinkler System
  • Security/Safety: Fully Fenced

Parking

  • Carports: Yes
  • Covered Spaces: 1
  • Uncovered Spaces: 4
  • Parking Features: Detached Carport, Driveway

Location

  • Area: 961 - Lake Chelan
  • County: Chelan
  • Subdivision: Chelan
  • Driving 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.
  • Direction Faces: South

School Information

  • High School District: Lake Chelan

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ductless, Forced Air, Heat Pump
  • Heating Type: Forced Air, Heat Pump, Radiant
  • Water Heater: Electric

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: House
  • Exterior Const.: Wood
  • Basement Desc.: Unfinished
  • Foundation: Poured Concrete
  • Roof: Composition
  • Entry Location: Main
  • Square Feet: 2,460
  • Finished Total: 2,460 Sq. Ft.
  • Year Built: 1937
  • Property Condition: Very Good

Lot Features

  • Property View: Mountains
  • Lot Size (Acres): 0.1
  • Lot Size (Sq. Ft.): 4,356
  • Lot Size Source: Realist
  • Topography: Level
  • Lot Features: Alley, Paved
  • Trees/Vegetation: Garden Space

Financial Considerations

  • Tax Amount: $3,512
  • Tax Year: 2026
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Inclusions: Dishwasher(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Property ID: 272213512538

Listed by Jonna Hood | Windermere Real Estate Midtown | (206) 682-1044

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Schools serving 507 E Wapato Ave

School District:Lake Chelan School District
NameGradesDistance
Morgen Owings Elementary School
407 East Woodin Avenue, Chelan, WA 98816
K-50.1 mi
Holden Village Community School
HCOO Stop 2, Chelan, WA 98816
K-1243.3 mi
Chelan Middle School
215 Webster Avenue, Chelan, WA 98816
6-80.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 507 E Wapato Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/01/2026
Price Reduced
$685,000
-2%
MLS
5/29/2026
Listed
$699,000
72.59%
MLS
8/27/2021
Sold
$405,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 507 E Wapato Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,334
—
$519,097
9%
2025
$3,334
20%
$475,403
55%
2021
$2,776
-4%
$306,498
-23%
2023
$2,881
4%
$398,103
29%
2021
$2,776
24%
$307,905
28%
2020
$2,238
-12%
$240,030
-14%
2019
$2,530
-4%
$279,126
6%
2018
$2,640
42%
$262,568
34%
2017
$1,854
23%
$196,649
27%
2016
$1,513
-5%
$154,245
-2%
2015
$1,595
-4%
$158,145
1%
2014
$1,656
—
$155,981
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Jonna Hood | Windermere Real Estate Midtown | (206) 682-1044

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507 E Wapato Avenue, Chelan, WA 98816 (MLS# 2530295) is a Single Family property with 5 bedrooms, 1 full bathroom and 1 partial bathroom. 507 E Wapato Avenue is currently listed for $685,000 and was received on May 29, 2026. Want to learn more about 507 E Wapato Avenue? Do you have questions about finding other Single Family real estate for sale in Chelan? You can browse all Chelan real estate or contact a Coldwell Banker agent to request more information.

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