Listed by HomeSmart Realty Group
$4,999,000
$501K PRICE DROP

231 Key Ln Chelan, WA 98816

Estimated payment $27,662/month

Total Views 4,997
5 Beds
3.5 Baths
4,262 Sq Ft
$1,173 Price per Sq Ft

Highlights

  • Docks
  • Two Primary Bedrooms
  • Waterfront
  • Chelan High School Rated A-
  • Lake View
  • Deck

About This Home

A rare opportunity to own a Lake Chelan waterfront home! This extraordinary 4,262 sq ft luxury no-bank waterfront home boats 59 ft of Sandy Beach in the coveted Key Bay community. This spectacular daylight rambler home has everything you need for lake living including a dock [shared by 1] w/ covered boat lift & 3 personal buoys. Full deck on upper level and gorgeous covered patio creating seamless indoor/outdoor living. Beautiful open space living concept with views from nearly every room, a chef's kitchen adjoining the large great room with a custom river rock fireplace leading to the spacious deck, perfect for enjoying the peaceful beauty of the lake. The home also features an office, 5 BR’s, including a master bedroom on each floor!

Listing Agent

Cathy Shelly

HomeSmart Realty Group License #7399 Listed on: 08/20/2025

HomeSmart Realty Group

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2422869

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,023

Year Built

  • Built in 1999

Lot Details

  • 8,276 Sq Ft Lot
  • Waterfront
  • Cul-De-Sac
  • Partially Fenced Property
  • Sprinkler System

HOA Fees

  • $73 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,262 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • 3 Fireplaces
  • Wood Burning Fireplace
  • Dining Room
  • Lake Views
  • Storm Windows
  • Finished Basement

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Double Master Bedroom
  • Walk-In Closet
  • Bathroom on Main Level

Outdoor Features

  • Docks
  • Deck
  • Patio

Location

  • Property is near public transit
  • Property is near a bus stop

Schools

  • Morgen Owings Elementary School
  • Chelan Mid Middle School
  • Chelan High School

Utilities

  • Forced Air Heating and Cooling System
  • Propane
  • Water Heater
  • High Speed Internet

Community Details

  • Key Bay Community Association. Debbie Honsberger Association
  • Secondary HOA Phone (425) 890-6311
  • Chelan Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number 272210640039

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,023

Year Built

Built in 1999

Lot Details

0

HOA Fees

$73 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 16 - 1 Story w/Bsmnt.
  • Year Built: 1999
  • Inclusions: Dishwasher(s),Refrigerator(s),Stove(s)/Range(s)
  • MLS Status: Active
  • Prev Status: Active
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 4262
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 3
  • Basement: Finished
  • Appliances: Dishwasher(s), Refrigerator(s), Stove(s)/Range(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 5
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Carpet
  • Interior Amenities: Second Primary Bedroom, Bath Off Primary, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, Fireplace, Sprinkler System, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
  • Living Area: 4262
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Bathrooms: 3.25
  • BathsFullMain: 1
  • FireplacesMain: 3
  • SquareFootageFinished: 4262
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 1
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 1
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 4
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher(s),Refrigerator(s),Stove(s)/Range(s)
  • NWM_NumberOfBathtubs: 3
  • NWM_NumberOfShowers: 3

Exterior Features

  • Roof: Composition
  • View: Lake
  • Lot Features: Cul-De-Sac, Paved
  • View: Yes
  • Waterfront Features: No Bank
  • Waterfront: Yes
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: House
  • BusLineNearby: true
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: Forced Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PUD
  • SewerCompany: Lk Chelan Reclamation
  • WaterCompany: Lk Chelan Reclamation
  • WaterHeaterLocation: garage
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: CCRs
  • Senior Community: No
  • Association Fee: 880
  • Association Fee Frequency: Annually
  • Phone: 425-890-6311
  • Association: Yes
  • AssociationContactName: Key Bay Community Association. Debbie Honsberger

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Lake Chelan
  • High School: Chelan High
  • Middle Or Junior School: Chelan Mid

Lot Info

  • Parcel Number: 272210640039
  • Land Lease: No
  • Lot Size Acres: 0.19
  • Lot Size Sq Ft: 8276
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Deck,Dock,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist

Green Features

  • Power Production Type: Electric, Propane

Tax Info

  • Year: 2025
  • Tax Annual Amount: 13023

Multi Family

  • EnergySource: Electric,Propane

MLS Schools

  • Elementary School: Morgen Owings Elem

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2021 $14,125 $1,636,024 $1,237,500 $398,524
2020 $13,648 $1,509,759 $1,110,186 $399,573
2019 $12,677 $1,473,419 $1,122,313 $351,106
2018 $18,667 $1,404,486 $1,085,219 $319,267
2017 $14,389 $1,864,840 $1,323,438 $541,402
2016 $11,655 $1,535,849 $1,034,138 $501,711
2015 $11,655 $1,481,560 $1,034,138 $447,422
2013 $11,655 $1,181,961 $756,250 $425,711
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2025 09/05/25 Price Changed $4,999,000 -9.1% $1,173 / Sq Ft
08/20/2025 08/20/25 For Sale $5,500,000 -- $1,290 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2422869

Northwest Multiple Listing Service (NWMLS)

APN: 272210640039

Washington Chelan County Chelan 98816

231 Key Ln, Chelan, WA

This home is located at 231 Key Ln, Chelan, WA 98816 and is currently priced at $4,999,000, approximately $1,172 per square foot. This property was built in 1999. 231 Key Ln is a home with nearby schools including Morgen Owings Elementary School, Holden Village Community School, and Chelan Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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 is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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Cathy Shelly
Listing Agent
Cathy Shelly
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HomeSmart Realty Group
(509) 779-6403