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For Sale Listed Yesterday

$5,500,000

5 Bedrooms

3.25 Bathrooms

4,262 Sqft House

Waterfront

Built 1999

8,276 Sqft Lot

2-Car Garage

HOA Dues $73 / month

231 Key Ln Chelan WA 98816

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!

Offer Review

Will review offers when submitted

Listing source NWMLS MLS #

2422869

Listed by

Cathy Shelly, HomeSmart Realty Group

We don't currently have a buyer representative in this area. To be sure that you're getting objective advice, we always suggest buyers work with their own agent, someone who is not affiliated with the seller.

Bedroom & Bathroom Layout

MAIN

BDRM

FULL
BATH

BATH

LOWER

BDRM

FULL
BATH

BATH

Property History

Aug 20, 2025

Listed

$5,500,000

NWMLS #2422869

Listing Details

Status

For Sale
Price

$5,500,000
Original Price

Same as current
List Date

August 20, 2025
Last Status Change

August 20, 2025
Last Update

August 21, 2025
Days on Market

Listed Yesterday
Cumulative DOM

2 Days
$/sqft (Total)

$1,290/sqft
$/sqft (Finished)

$1,290/sqft
Listing Source

NWMLS
MLS Number

2422869
Listing Broker

Cathy Shelly
Listing Office

HomeSmart Realty Group

Monthly Payment Estimate

Principal and Interest

$28,831 / month
HOA

$73 / month
Property Taxes

$1,085 / month
Homeowners Insurance

$971 / month
TOTAL

$30,961 / month
based on 20% down

($1,100,000)
and a

6.85% Interest Rate
About:

All calculations are estimates only and provided by Mainview LLC. Actual amounts will vary.

House Details

Sqft (Total)

4,262 sqft
Sqft (Finished)

4,262 sqft
Sqft (Unfinished)

None
Property Type

House
Sub Type

1 Story + Basement
Bedrooms

5 Bedrooms
Bathrooms

3.25 Bathrooms
Lot

8,276 sqft Lot
Lot Size Source

Realist
Lot #

Unspecified
Project

Unspecified
Total Stories

2 stories
Basement

Finished
Sqft Source

Realist

Property Tax Info

2025 Property Taxes

$13,023 / year
No Senior Exemption

Public Parcel Data & Maps

County

Chelan County
Parcel #

272210640039
County Website

Unspecified
County Parcel Map

Unspecified
County GIS Map

Unspecified
About

County links provided by Mainview LLC

Schools

School District

Lake Chelan
Elementary

Morgen Owings Elem
Middle

Chelan Mid
High School

Chelan High

Waterfront

Waterfront

Yes
Type

No Bank
Frontage

Unspecified

HOA

HOA Dues

$73 / month
Fees Assessed

Annually
HOA Dues Include

Unspecified
HOA Contact

Key Bay Community Association. Debbie Honsberger 425-890-6311
Management Contact

Community Features

Community Features

CCRs

Parking

Covered

2-Car
Types

Attached Garage
Has Garage

Yes
Nbr of Assigned Spaces

2

Views

Lake

Construction

Year Built

1999
Home Builder

Unspecified

Cooling

Includes

Forced Air

Heating

Includes

Forced Air

Interior

Flooring

Ceramic Tile
Carpet
Features

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

Property

Lot Features

Cul-De-Sac
Paved
Site Features

Deck
Dock
Fenced-Partially
High Speed Internet
Patio

Appliances

Included

Dishwasher(s)
Refrigerator(s)
Stove(s)/Range(s)

Terms

3rd Party Approval Required)

No
Bank Owned (REO)

No
Complex FHA Availability

Unspecified
Potential Terms

Cash Out
Conventional

Utilities

Energy

Electric
Propane
Sewer

Sewer Connected
Water Source

Public

Additional Info

Waterfront

Yes
Air Conditioning (A/C)

Yes
Buyer Broker's Compensation

2.5%
MLS Area #

Area 961
Number of Photos

37
Last Modification Time

Thursday, August 21, 2025 5:02 AM
System Listing ID

5473986

Update Info

First For Sale

2025-08-20 12:59:10

Listing details based on information submitted to the MLS GRID as of Thursday, August 21, 2025 5:02 AM. 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.

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For Sale Listed Yesterday

$5,500,000

5 BR 3.25 BA 4,262 SQFT

Offer Review: Anytime

231 Key Ln Chelan WA 98816

NWMLS #2422869. Cathy Shelly, HomeSmart Realty Group

Details

Map

Listing information is provided by the listing agent except as follows: Builder^B indicates that our system has grouped this listing under a home builder name that doesn't match the name provided by the listing broker. Development^D indicates that our system has grouped this listing under a development name that doesn't match the name provided by the listing broker.