Listed by Mary Signorelli, RE/MAX Advantage, (509) 888-8262
231 Key Lane
Chelan, WA 98816
5 Beds
3.5 Baths
4,903 sqft
5 Beds
3.5 Baths
4,903 sqft
Local Information
© Google
-- mins to
Description
PRICING REFRESH on this Key Bay waterfront home, creating an outstanding opportunity to own 65 feet of sandy, no-bank waterfront with unobstructed lake views. From the street, the home appears smaller than it is, but step inside and discover a surprisingly expansive 4,900+ square feet of thoughtfully designed living space, including a fully finished basement ideal for comfort, entertaining, and refined lake living. The open-concept main level showcases a gourmet kitchen that flows seamlessly into the spacious great room, anchored by an impressive custom river rock double-sided fireplace wall and an expansive deck overlooking the lake. Floor-to-ceiling windows fill the home with warm natural light while capturing stunning views from nearly every room. With 5 bedrooms, including two primary suites—one on each level—plus a dedicated office, the layout offers exceptional flexibility for guests, extended stays, or multigenerational living. Enjoy effortless indoor-outdoor living with an upper deck and covered lower patio that opens to the lawn and beach. Boating enthusiasts will appreciate the shared dock, covered boat lift, and three dedicated buoys. Community amenities include a sandy beach, pool, and park. This is a rare opportunity to own luxury waterfront in one of Lake Chelan’s most peaceful and coveted communities.
Home Highlights
Parking
2 Car Garage
Outdoor
Yes
A/C
Heating & Cooling
HOA
$73/Monthly
Price/Sqft
$663
Listed
123 days ago
Last check for updates: about 5 hours ago
Listing courtesy of Mary Signorelli
RE/MAX Advantage
Merry Sterling
RE/MAX Advantage
Source: NWMLS as distributed by MLS GRID, MLS#2472707
Home Details for 231 Key Lane
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MLS Status: Active |
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Interior Details Basement: FinishedNumber of Rooms: 15Types of Rooms: Master Bedroom, Bedroom, Bathroom Full, Bathroom Three Quarter, Dining Room, Entry Hall, Great Room, Kitchen With Eating Space, Recreation Room, Utility Room |
Beds & Baths Number of Bedrooms: 5Main Level Bedrooms: 1Number of Bathrooms: 4Number of Bathrooms (full): 2Number of Bathrooms (three quarters): 1Number of Bathrooms (half): 1Number of Bathrooms (main level): 2 |
Dimensions and Layout Living Area: 4903 Square Feet |
Appliances & Utilities Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Washer(s), Water Heater: Electric, Water Heater Location: GarageDishwasherDisposalDryerMicrowaveRefrigeratorWasher |
Heating & Cooling Heating: Fireplace,Ductless,Forced Air,Heat Pump,Electric,PropaneHas CoolingAir Conditioning: Ductless,Forced Air,Heat PumpHas HeatingHeating Fuel: Fireplace |
Fireplace & Spa Number of Fireplaces: 2Fireplace: Gas, Main Level: 2, FireplaceHas a Fireplace |
Gas & Electric Electric: Company: Chelan County PUD |
Windows, Doors, Floors & Walls Window: Dbl Pane/Storm WindowFlooring: Ceramic Tile, Carpet |
Levels, Entrance, & Accessibility Stories: 1Levels: OneEntry Location: MainFloors: Ceramic Tile, Carpet |
View Has a ViewView: Lake, Mountain(s), Territorial |
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Exterior Home Features Roof: CompositionPatio / Porch: Second Primary Bedroom, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, Pantry, Sprinkler System, Vaulted Ceiling(s), Walk-In Closet(s), Water HeaterFoundation: Poured Concrete |
Parking & Garage Number of Covered Spaces: 2Open Parking Spaces: 4No CarportHas a GarageHas an Attached GarageNo Open ParkingParking Spaces: 6Parking: Attached Garage |
Pool Pool: Community |
Frontage WaterfrontWaterfront: Lake, No BankOn Waterfront |
Water & Sewer Sewer: Sewer Connected, Company: City of Chelan |
Farm & Range Frontage Length: Waterfront Ft: 65Does Not Include Irrigation Water Rights |
Surface & Elevation Topography: Level, Partial SlopeElevation Units: Feet |
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Cumulative Days on Market: 110Days on Market: 123 |
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Year Built Year Built: 1999Year Renovated: 1999 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: HouseArchitecture: Contemporary,1 Story w/Bsmnt. |
Building Construction Materials: Wood Products |
Property Information Condition: Very GoodIncluded in Sale: Dishwasher(s), Dryer(s), Garbage Disposal, Leased Equipment, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)Parcel Number: 272210640039 |
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Price List Price: $3,250,000Price Per Sqft: $663 |
Status Change & Dates Possession Timing: Close Of Escrow |
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Direction & Address City: ChelanCommunity: Chelan |
School Information Elementary School: Buyer To VerifyJr High / Middle School: Buyer To VerifyHigh School: Buyer To VerifyHigh School District: Lake Chelan |
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Listing Agent Listing ID: 2472707 |
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Building Area Building Area: 4903 Square Feet |
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Community Features: CCRsNot Senior Community |
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HOA Fee Includes: Common Area MaintenanceHOA Fee: $880/Annually |
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Lot Area: 8276.4 sqft |
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Special Conditions: Standard |
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Listing Terms: Conventional |
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BasementMls Number: 2472707Offer Review: Seller intends to review offers upon receiptWater ViewWater View: LakeShowing Requirements: Appointment Only, MLS Keybox |
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CCRsInternet Entire Listing Display YN C |
Market trends in Chelan
Last updated April 2026
Avg. sale price
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Sale-to-List Price
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Price per sq ft
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Available listings
111 34MoM
Price History for 231 Key Lane
| Date | Price | Event | Source |
|---|---|---|---|
| 05/05/2026 | $3,250,000 | PriceChange | NWMLS as distributed by MLS GRID #2472707 |
| 03/31/2026 | $3,500,000 | PriceChange | NWMLS as distributed by MLS GRID #2472707 |
| 01/31/2026 | $3,900,000 | Listed For Sale | NWMLS as distributed by MLS GRID #2472707 |
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Property Tax and Assessment
| Year | 2024 |
|---|---|
| Tax | $13,203 |
| Assessment | $1,890,368 |
Home facts updated by county records
Comparable Sales for 231 Key Lane
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.22 | Single-Family Home | $735,000 | 02/13/26 | 3 | 3 | 2,446 | |
0.45 | Single-Family Home | $2,800,000 | 11/18/25 | 5 | 4.5 | 4,206 | |
0.51 | Single-Family Home | $1,010,000 | 06/12/25 | 4 | 3.5 | 3,175 | |
0.43 | Single-Family Home | $870,000 | 08/15/25 | 3 | 3 | 2,522 | |
0.50 | Single-Family Home | $600,000 | 09/23/25 | 3 | 3 | 2,420 | |
0.47 | Single-Family Home | $1,020,000 | 06/20/25 | 2 | 3 | 2,708 | |
0.86 | Single-Family Home | $2,475,000 | 10/30/25 | 4 | 4 | 3,788 | |
0.59 | Single-Family Home | $1,100,000 | 04/30/26 | 3 | 2 | 2,926 | |
0.78 | Single-Family Home | $1,550,000 | 01/09/26 | 5 | 4 | 3,441 | |
0.64 | Single-Family Home | $950,000 | 09/05/25 | 4 | 2.5 | 2,229 |
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Assigned Schools
These are the assigned schools for 231 Key Lane.
- Chelan Middle School
- 6-8
- Public
- 324 Students
6/10GreatSchools RatingParent Rating Average
No reviews available for this school. - Holden Village Community School
- K-12
- Public
- 7 Students
NAGreatSchools RatingParent Rating AverageN/AStudent Review19y ago - Morgen Owings Elementary School
- K-5
- Public
- 489 Students
4/10GreatSchools RatingParent Rating AverageMy two sons have attended Morgen Owings Elementary for the past six years and they have received a great education from caring, talented teachers who put in extra effort to help every child succeed. We came from a private school in Medina, WA (Bellevue) that was world class and I believe the life experience they are getting at MOE, in addition to a great education, has helped them grow in a diverse community.Parent Review7y ago - Chelan High School
- 9-12
- Public
- 446 Students
6/10GreatSchools RatingParent Rating AverageI am currently a senior at Chelan High School and I love it. The teachers and school officials genuinely care about every student. Advanced placement classes are great and now as I am going on to college, I know that my education in Chelan has prepared me to succeed. Thank you Chelan!!Student Review15y ago 
Check out schools near 231 Key Lane.
What Locals Say about Chelan
At least 17 Trulia users voted on each feature.
95 % Say it's dog friendly
88 % Say kids play outside
83 % Say there's holiday spirit
76 % Say there's wildlife
75 % Say it's walkable to grocery stores
74 % Say parking is easy
74 % Say car is needed
67 % Say people would walk alone at night
65 % Say it's walkable to restaurants
65 % Say they plan to stay for at least 5 years
65 % Say streets are well-lit
60 % Say yards are well-kept
55 % Say there are sidewalks
54 % Say it's quiet
47 % Say neighbors are friendly
25 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Mary Signorelli, RE/MAX Advantage
Based on information submitted to the MLS GRID as of 2026-06-03 10:14:31 PDT. 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.
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. ©2026 NWMLS Click here for more information
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. ©2026 NWMLS Click here for more information
231 Key Lane, Chelan, WA 98816 is a 5 bedroom, 4 bathroom, 4,903 sqft single-family home built in 1999. This property is currently available for sale and was listed by NWMLS as distributed by MLS GRID on Jan 31, 2026. The MLS # for this home is MLS# 2472707.