505 N Markeson St, Chelan, WA 98816

Offered at: $565,000

505 N Markeson St Home for sale exterior

Charming remodeled mid-century home perfectly situated on an oversized corner lot totaling 2.5 lots of record in the heart of downtown Lake Chelan. The bright and inviting great room welcomes you with a cozy wood-burning fireplace and beautifully refinished original hardwood floors. The reimagined kitchen features new stainless steel appliances, updated cabinetry with hardware, new hardwood floors, and efficient counter space for everyday living. Two main-floor bedrooms are separated by a gorgeous full bath with granite counters and a subway-tile tub surround. Downstairs, the lower level offers exceptional versatility — a third bedroom, a den/office, a ¾ bath, a separate living room anchored by a second fireplace, a renovated laundry room, and a custom wine bar complete with a wine fridge. Whether hosting guests or carving out space of your own, the lower level delivers. Outside, enjoy a fully fenced yard, automatic sprinklers, a mature lawn, raised garden beds, and stunning upfront views of the Lake Chelan Butte. The detached 1-car garage with EV charging sits conveniently on N Columbia Ave for easy access. Enjoy a 10+ walkability score just 2 blocks from downtown shops, restaurants, and lake access. The generous lot supports up to 4 ADUs/DADUs per HB 1337 — a rare investment opportunity. Buyer to verify.

3 Bedrooms

1.75 Bathrooms

Downtown Chelan

Overview

Bedrooms
3

Bathrooms
1.75

Living Area
1,824 Sq Ft

Lot Size
0.150 Acres (6,534 Sq Ft) — totaling 2.5 lots of record

Garage
Detached 1-Car Garage with EV Charging

Year Built
1945

Property Type
Single Family Residence

Community
Downtown Chelan

Zoning
Downtown Mixed Residential

Views
Lake Chelan Butte • Mountain • Territorial

Interior

Great Room Living
Bright and welcoming great room featuring refinished original hardwood floors and a cozy wood-burning fireplace

Kitchen
Remodeled kitchen with stainless steel appliances, updated cabinetry with hardware, and efficient workspace

Main Level Living
Two bedrooms separated by a beautifully updated full bath with granite counters and subway tile tub surround

Lower Level Living
Fully finished lower level offering exceptional flexibility with:
Third bedroom • Den/office • Second living room with fireplace • ¾ bath

Additional Spaces
Renovated laundry room • Custom wine bar with wine fridge

Finishes & Features
Hardwood flooring • Ceramic tile • Vinyl plank • Updated fixtures

Appliances Included
Dishwasher • Refrigerator • Microwave • Range • Washer • Dryer

Exterior & Site

Lot Position
Oversized corner lot in the heart of downtown Chelan

Outdoor Living
Fully fenced backyard with patio and garden space

Landscaping
Mature lawn • Raised garden beds • Automatic sprinkler system

Roof
Composition

Foundation
Poured concrete

Parking
1 covered • 4 additional uncovered

Garage Access
Detached garage with convenient access from N Columbia Ave

Systems & Utilities

Heating & Cooling
Forced air • Central A/C

Energy
Electric

Water & Sewer
Public water • Sewer connected

Internet & Cable
Localtel

Location & Lifestyle

Located just two blocks from downtown Chelan, this home offers exceptional walkability to shops, restaurants, parks, and lake access while still enjoying views of the surrounding foothills and Lake Chelan Butte.

Investment Potential

Oversized lot configuration totaling 2.5 lots of record may allow up to four ADUs or DADUs under HB 1337 (buyer to verify), creating a rare opportunity for future development or income potential in downtown Chelan.

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* Based on Fixed Interest Rate with a 30 year term, principal and interest only

For general informational purposes only. Actual rates available to you will depend on many factors including lender, income, credit, location, and property value. Contact a mortgage broker to find out what programs are available to you.

Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

Interested in learning more?

Schedule a private showing or reach out with any questions. I am happy to help!

Interior Stock Photo
Arturo Zavala
Broker
Luxury Advisor
Windermere Real Estate / Lake Chelan
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