$2,800,000
Listed at $3,250,0005 bd•3.25 ba•3,778 sq ft
231 Key Lane, Chelan, WA 98816
• Listed 2026-01-31
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PRICING REFRESH on this Key Bay waterfront home, creating an outstanding opportunity to own 65 feet of sandy, no-bank waterfront with unobstructed lake views. From the street, the home appears smaller than it is, but step inside and discover a surprisingly expansive 4,900+ square feet of thoughtfully designed living space, including a fully finished basement ideal for comfort, entertaining, and refined lake living. The open-concept main level showcases a gourmet kitchen that flows seamlessly into the spacious great room, anchored by an impressive custom river rock double-sided fireplace wall and an expansive deck overlooking the lake. Floor-to-ceiling windows fill the home with warm natural light while capturing stunning views from nearly every room. With 5 bedrooms, including two primary suites—one on each level—plus a dedicated office, the layout offers exceptional flexibility for guests, extended stays, or multigenerational living. Enjoy effortless indoor-outdoor living with an upper deck and covered lower patio that opens to the lawn and beach. Boating enthusiasts will appreciate the shared dock, covered boat lift, and three dedicated buoys. Community amenities include a sandy beach, pool, and park. This is a rare opportunity to own luxury waterfront in one of Lake Chelan’s most peaceful and coveted communities.
Listed by Mary Signorelli • RE/MAX Advantage
Listing updated: August 10, 2026 at 04:03am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2472707
Open houses
No upcoming open houses scheduled for this property.
Neighborhood mobility
Lake Chelan School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Chelan is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: Sale-vs-list ratio data not available for this area.
Time on market: The average home goes pending in around 50 days.
$340,000 Sold
5 days ago
•Single Family
126 Mira Vista Drive, Chelan, WA 98816
11%
Under list
—
Days on market
1.0 mi
Distance
$780,000 Sold
2 weeks ago
2 bd•3 ba•~1,092 sq ft•Single Family
117 Bluebell Lane, Chelan, WA 98816
2%
Under list
—
Days on market
0.9 mi
Distance
$1,157,500 Sold
3 weeks ago
4 bd•4 ba•~2,124 sq ft•Single Family
217 Bluebell Lane, Chelan, WA 98816
11%
Under list
—
Days on market
0.9 mi
Distance
$120,000 Sold
4 weeks ago
•Single Family
104 Crest Drive, Chelan, WA 98816
17%
Under list
—
Days on market
1.0 mi
Distance
$2,800,000 Sold
2 months ago
5 bd•3.25 ba•~3,778 sq ft•Single Family
231 Key Lane, Chelan, WA 98816
14%
Under list
—
Days on market
0.1 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of August 10, 2026 at 04:03am (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
$1,927,000
-$873,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $1.52M and $2.8M.
Rental earnings
$5,775/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$2,800,000Last sold price
231 Key Lane, Chelan, WA 98816
$2,475,000Last sold price
374 Porcupine Lane, Chelan, WA 98816
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
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