$685,000
Est. $3,482/mo5 bd•1 ba•2,460 sq ft
507 E Wapato Avenue, Chelan, WA 98816
• Listed 2026-05-29•20 days on market
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of July 1, 2026 at 01:27pm (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.
Talk to a local RexMont expert
Avg response under 5 mins
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!
Listed by Jonna Hood • Windermere Real Estate Midtown
Listing updated: July 1, 2026 at 01:27pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2530295
Open houses
$743,000
+$58,000 over list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $550K and $1.15M.
Rental earnings
$2,225/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$550,000Last sold price
505 N Navarre Street, Chelan, WA 98816
$585,000Last sold price
228 E Gibson Avenue, 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.
507 E Wapato Avenue, Chelan, WA 98816
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$3,946 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedEstimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
More homes in this area that match your range.
$432,500
415 E Okanogan Avenue, Chelan, WA 98816
Mary P. Flood · Windermere RE/Lake Chelan
$432,500
413 E Okanogan Avenue, Chelan, WA 98816
Mary P. Flood · Windermere RE/Lake Chelan
$432,500
407 E Okanogan Avenue, Chelan, WA 98816
Mary P. Flood · Windermere RE/Lake Chelan
$432,500
409 E Okanogan Avenue, Chelan, WA 98816
Mary P. Flood · Windermere RE/Lake Chelan
$589,000
916 E Johnson Avenue, Chelan, WA 98816
Joe Collins · Windermere RE/Lk Chelan Midtwn
$499,000
417 N Sanders Street, Chelan, WA 98816
Greg Hurley · Nick McLean Real Estate Group
$635,000
444 Hilltop Place, Chelan, WA 98816
Nick Bowler · RE/MAX Advantage
$699,000
109 Nelmida Lane, Chelan, WA 98816
Tina Cairns · The Preview Group
$549,900
229 W Allen Avenue, Chelan, WA 98816
Shannon Kraft · CB Cascade RE - Wenatchee
$699,000
472 Sunny Brooke Lane, Chelan, WA 98816
Nick Bowler · RE/MAX Advantage
$825,000
404 S Clifford Street, Chelan, WA 98816
Arturo Zavala · Windermere RE/Lake Chelan
School information is unavailable for this listing. School boundaries can change, so verify the 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: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells for about 3% below list price.
Time on market: Days-on-market data not available for this area.
$137,500 Sold
3 weeks ago
•Single Family
1111 E Allen Street, Chelan, WA 98816
21%
Under list
—
Days on market
0.2 mi
Distance
$475,000 Sold
5 weeks ago
3 bd•2 ba•~1,694 sq ft•Single Family
116 E Raymond Avenue, Chelan, WA 98816
4%
Under list
—
Days on market
0.5 mi
Distance
$635,000 Sold
2 months ago
3 bd•1 ba•~1,732 sq ft•Single Family
479 Sunny Brooke Lane, Chelan, WA 98816
2%
Under list
—
Days on market
0.6 mi
Distance
$259,000 Sold
3 months ago
2 bd•1 ba•~900 sq ft•Single Family
143 E Nixon Avenue, Chelan, WA 98816
0%
Over list
—
Days on market
0.5 mi
Distance
$495,000 Sold
3 months ago
4 bd•1.5 ba•~1,704 sq ft•Single Family
227 E Franklin, Chelan, WA 98816
0%
Over list
—
Days on market
0.5 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 Jul 2026
