$649,900
Est. $3,358/mo5 bd•1.75 ba•2,460 sq ft
507 E Wapato Avenue, Chelan, WA 98816
• Listed 2026-08-18•21 days on market
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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: August 19, 2026 at 05:03am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2570273
Open houses
No upcoming open houses scheduled for this property.
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
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
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Chelan is a buyer's market.
Inventory is rising and homes are sitting longer. Buyers have room to negotiate.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells for about 3% below list price.
Time on market: The average home goes pending in around 50 days.
$685,000 Sold
4 weeks ago
5 bd•3.25 ba•~2,778 sq ft•Single Family
417 N Columbia Street, Chelan, WA 98816
2%
Under list
—
Days on market
0.5 mi
Distance
$137,500 Sold
2 months ago
•Single Family
1111 E Allen Street, Chelan, WA 98816
21%
Under list
—
Days on market
0.2 mi
Distance
$475,000 Sold
3 months 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
4 months ago
3 bd•1.75 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
5 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
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 19, 2026 at 05:03am (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.
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