Property Details
507 E Wapato Avenue
Chelan, WA 98816
$699,000
Active
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About This Home
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!
Property Details
Property Information
Property Type
Residential
Subtype
Single Family Residence
Status
Active
County
Chelan
Neighborhood
Chelan
Listed
May 29, 2026
Structure Type
House
Parcel Number
272213512538
Tax & HOA
Annual Property Tax
$3,512 (2026)
Est. Monthly Tax
$293/mo
Interior Features
Bedrooms
5
Bathrooms
1.8
Living Area
2,460 sq ft
Basement
Unfinished
Entry Level
Main
Interior Features
Dbl Pane/Storm Window, Dining Room, Sprinkler System, Water Heater
Exterior & Lot
Lot Size
0.10 sqft
Year Built
1937
Exterior Materials
Wood
Parking
Detached Carport, Driveway
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Paved
Exterior Features
Wood
Community & Access
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.
Location
City
Chelan
County
Chelan
Coordinates
47.83913, -120.01032
Schools
School District
Lake Chelan
Additional Information
Tax Year
2026
Annual Taxes
$3,512
Possession
Array
Inclusions
Dishwasher(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
Mortgage Calculator
Estimated Monthly Payment
$0
Down Payment
$0
Loan Amount
$0
Provided by Beyond Real Estate, LLC
Down Payment Assistance Available
This property may qualify for homebuyer assistance programs
Find out if you’re eligible for down payment assistance programs that could help make this home more affordable. Programs can provide thousands of dollars toward your down payment and closing costs.
Check Your EligibilityBased on information submitted to the MLS GRID as of June 15, 2026 5:45 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
