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21 Grace Lane, Chelan, WA, 98816

4beds
5baths
3,931sqft
$4,375,000
$1,113price/sqft
$26,142/moest. monthly cost
$1,045,680/yrincome needed

About This Home

Set along 83 feet of coveted waterfront on the South Shore of Lake Chelan, this fully remodeled Craftsman-style retreat was designed for effortless indoor-outdoor living and unforgettable gatherings. Accordion-style walls & windows open the heart of the home to a covered lakeside entertaining terrace with heaters, a wet bar area and speakers, creating a seamless transition between indoors and out. Soaring ceilings and floor-to-ceiling windows frame expansive lake views and fill the great room and upper loft with light. The layout features 4 bedrooms, including a main-level primary suite, plus a loft, office, and game room, all centered around an entertainment-sized kitchen designed for hosting. The lower level is comprised of a game room, BR, laundry and 3/4 bath. The upper level has the loft, a full BA, office (with Murphy Bed) and walk-way to the detached ADU which is also accessible via a private entry at the garage. Outside, the waterfront offers a newer bulkhead, private dock with boat lift, buoys, and steps into the lake for easy access to the water. A 1,120 square ft garage accommodates up to 5 cars, has 400 amp power, a built-in pressure washer and could easily accommodate EV charging. Above it, the 720 square foot 1 BR/1 BA ADU with its own view deck provides the perfect space for guests. A rare opportunity to own a home designed as much for gathering as it is for relaxing moments on the lake. A place to make memories now and an investment to hold for generations.

Getting Around

11
WalkingCar-Dependent
0
TransitVery Limited Transit
8
BikeSomewhat Bikeable

Schools

6/10
Chelan Middle SchoolGrades 6-82.6 mi
6/10
Chelan High SchoolGrades 9-122.6 mi

Construction

Condition

  • Year built: 1996

Materials

  • Foundation: Poured Concrete
  • Roof: Composition,Metal
  • Construction materials: Stone,Wood Products

Type & Style

  • Home type: SingleFamily
  • Architectural style: 2 Stories w/Bsmnt
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: 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

Basement

  • Has basement: Yes
  • Basement: Finished

Bathroom Full

  • Level: Second

Bathroom Three Quarter

  • Level: Lower

Bedroom

  • Level: Main

Bedroom

  • Level: Lower

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 5
  • Full bathrooms: 2
  • 3/4 bathrooms: 2
  • 1/2 bathrooms: 1
  • Main level bathrooms: 2
  • Main level bedrooms: 2

Bonus Room

  • Level: Second

Den Office

  • Level: Second

Entry Hall

  • Level: Main

Features

  • Bath Off Primary,Ceiling Fan(s),Loft
  • Door features: French Doors
  • Window features: Dbl Pane/Storm Window
  • Flooring: Engineered Hardwood,Carpet
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning,Main Level: 1,Fireplace
  • Fireplace: Yes

Great Room

  • Level: Main

Heating & Cooling

  • Heating features: Fireplace,Ductless,Heat Pump,Electric
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 3,211
  • Total interior livable area: 3,931 sqft

Kitchen With Eating Space

  • Level: Main

Master Bedroom

  • Level: Main

Other

  • Level: Main

Rec Room

  • Level: Lower

Utility Room

  • Level: Lower

Property

Details

  • Parcel number: 272216410310
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Entry location: Main
  • Patio & porch: Second Kitchen,Bath Off Primary,Ceiling Fan(s),Dbl Pane/Storm Window,Fireplace,French Doors,Loft,Sprinkler System,Vaulted Ceiling(s),Walk-In Closet(s),Water Heater,Wet Bar
  • Has view: Yes
  • View description: Lake,See Remarks,Territorial
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Low Bank,Bulkhead,Lake
  • Frontage length: Waterfront Ft: 83
  • Topography of land: Level,Partial Slope

Lot

  • Lot size: 0.50 Acres
  • Features: Paved,Deck,Dock,High Speed Internet

Parking

  • Total spaces: 5
  • Parking features: Attached Garage
  • Has garage: Yes
  • Covered spaces: 5

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Wildfire
    WildfireVery High
  • Avalanche
    AvalancheRelatively High
  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Landslide
    LandslideModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Wildfire
Avalanche
Lightning
Cold Wave
Hail
Heat Wave
Landslide
Winter Weather

FEMA Declared Disasters in Chelan County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $22,122$265,464
Home Insurance *$1,342$16,104
Property Taxes $2,410$28,920
Electricity $268$3,226
Total$26,142$313,704
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$896,297/yr
40% on housing$784,260/yr
45% on housing$697,120/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.1%
11.1%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 5.0%
5.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,113This listing

vs Other Active Listings

Avg $/sqft

ZIP 98816$449
Chelan County$361

vs Homes Sold Last Month

Median $/sqft

ZIP 98816$360
Chelan County$300

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-27Listed for sale$5,250,000
2018-07-26Listing removed$1,850,000
2018-07-26Listed for sale$1,850,000
2018-07-25Sold$1,775,000
2018-06-23Pending sale$1,850,000
2018-06-09Listed for sale$1,850,000

For Sale by Agent

AgentColleen M Fischesser
BrokerageColdwell Banker Danforth

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