$599,950
Est. $3,271/moPrice reduced $49,950 from the original $649,900 asking price
5 bd•1.75 ba•2,460 sq ft
507 E Wapato Avenue, Chelan, WA 98816
• Listed Aug 18, 2026
Listing Broker: Windermere Real Estate Midtown; Jonna Hood; 425-280-6852; jonna@windermere.com
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Listing Broker: Windermere Real Estate Midtown; Jonna Hood; 425-280-6852; jonna@windermere.com
About this home
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!
Listed by Jonna Hood • Windermere Real Estate Midtown
Listing updated: October 11, 2026 at 03:24pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2570273
Open houses
No upcoming open houses scheduled for this property.
Around this home
How much should you offer?
507 E Wapato Avenue, Chelan, WA 98816
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
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.
Property details
Interior features
- Dbl Pane/Storm Window
- Dining Room
- Sprinkler System
- Water Heater
- Unfinished basement
Kitchen
- Dishwasher
- Microwave
- Refrigerator
- Stove(s)/Range(s)
- Washer
Bedrooms
- 5 bedrooms total
- 4 on the main level
- 1 upstairs
Bathrooms
- 1 full bathroom
- 1 three-quarter bathroom (shower, no tub)
- 1.75 bathrooms total (NWMLS count)
- 1 on the main level
Layout
- 2 Story
- 2,460 sq ft finished
Flooring
- Ceramic Tile
- Laminate
- Carpet
Heating & cooling
- Forced Air heating
- Heat Pump heating
- Radiant heating
- Central Air cooling
- Ductless cooling
- Forced Air cooling
- Heat Pump cooling
Schools
Ratings via SchoolDigger- Morgen Owings Elementary SchoolPublic · Grades K-5 · 0.1 mi · State rank 943 of 1,1382/10
- Chelan Middle SchoolPublic · Grades 6-8 · 0.5 mi · State rank 154 of 5148/10
- Chelan School of InnovationPublic · Grades 9-12 · 0.2 mi—
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Single-family home facts
As entered by the listing broker on Northwest MLS
Lot & site
- Topography
- Level
- Vegetation
- Garden Space
- Zoning jurisdiction
- City
- Faces
- South
Systems
- Energy source
- Electric
- Power production
- Electric
- Water heater
- Electric
- Water heater location
- Basement
- Power company
- Chelan PUD
- Water company
- City of Chelan
- Sewer company
- City of Chelan
- Garbage service
- City of Chelan
- Irrigation water rights
- No
- Internet connected
- Localtel
Rooms & extras
- Bathtubs
- 1
- Showers
- 2
New construction
- Square footage source
- Realist
- Lot size source
- Realist
- Effective year built source
- See Remarks
Manufactured home
- Land lease
- No
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 507 E Wapato Avenue
NWMLS via MLS Grid · Chelan County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Oct 11, 2026ContingentNWMLS via MLS Grid · #2570273$599,950$244/sq ft
- Oct 11, 2026Price reducedNWMLS via MLS Grid · #2570273$599,950$244/sq ft
- Aug 18, 2026ListedNWMLS via MLS Grid · #2570273$649,900$264/sq ft
- Aug 27, 2021SoldNWMLS via MLS Grid · #1787949$405,000$165/sq ft
- Jun 14, 2021PendingNWMLS via MLS Grid · #1787949$427,000$174/sq ft
- Jun 7, 2021ListedNWMLS via MLS Grid · #1787949$427,000$174/sq ft
Down payment assistance
6 programs may be available to provide you with up to $29,998 in down payment assistance, depending on your specific information.
Northwest MLS lists this home as eligible for down payment assistance programs
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$3,714 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: Windermere Real Estate Midtown; Jonna Hood; 425-280-6852; jonna@windermere.com
Market pulse
Chelan is a buyer's market.
Inventory is rising and homes are sitting longer. Buyers have room to negotiate.
Offer insight: Sellers are often willing to negotiate on price and terms.
List to sale price: The average home sells for about 3% below list price.
Time on market: The average home goes pending in around 128 days.
Recent sales nearby
Within 1 mile · last 6 months$1,795,000 Sold
2 weeks ago
4 bd•2.25 ba•~2,270 sq ft•Single Family
548 Harvest Ridge Drive, Chelan, WA 98816
0%
Over list
174
Days on market
0.8 mi
Distance
$399,900 Sold
2 weeks ago
3 bd•1.5 ba•~1,260 sq ft•Single Family
409 E Okanogan Avenue, Chelan, WA 98816
2%
Under list
244
Days on market
0.1 mi
Distance
$399,900 Sold
2 weeks ago
3 bd•1.5 ba•~1,260 sq ft•Single Family
415 E Okanogan Avenue, Chelan, WA 98816
2%
Under list
244
Days on market
0.1 mi
Distance
$399,900 Sold
2 weeks ago
3 bd•1.5 ba•~1,260 sq ft•Single Family
413 E Okanogan Avenue, Chelan, WA 98816
2%
Under list
244
Days on market
0.1 mi
Distance
$399,900 Sold
2 weeks ago
3 bd•1.5 ba•~1,260 sq ft•Single Family
407 E Okanogan Avenue, Chelan, WA 98816
2%
Under list
244
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 Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 30, 2026 at 4:08 AM PT (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.
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© 2026 Northwest Multiple Listing Service. All rights reserved.
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