2031 W Terrace Avenue, Chelan, WA, 98816
About This Home
Rare opportunity to own a home w/ dock & boat lift in one of Chelan’s most idyllic neighborhoods. This is one of the best locations on Lake Chelan - providing the perfect amount of sun exposure to be comfortable all day. This beloved block is tucked away and hasn't had a home on the market in years. The proximity to everything is unbeatable: walk to Sigillo Cellars rooftop patio, Lakeside Tavern, Lakeside Surf & Downtown Chelan on the soon-to-be-completed Lakeside trail. With a beautiful & spacious floor plan that includes 2 expansive primary suites, gorgeous back patio, large recreation room, 2 decks for enjoying the lake view & tons of storage & parking, this home offers the ultimate lifestyle in a setting that’s impossible to replicate.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1993
Materials
- Roof: Composition
- Construction materials: Wood Products
Type & Style
- Home type: SingleFamily
- Architectural style: Tri-Level
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Dryer,Microwave,Refrigerator,Stove(s)/Range(s),Trash Compactor,Washer,Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Washer(s)
Basement
- Has basement: Yes
- Basement: Finished
Bathroom Full
- Level: Second
Bathroom Full
- Level: Lower
Bathroom Full
- Level: Main
Bathroom Three Quarter
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Lower
Bedroom
- Level: Lower
Bedroom
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 3/4 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Features
- Bath Off Primary,Central Vacuum
- Number of fireplaces: 1
- Fireplace features: Gas,Main Level: 1,Fireplace
- Fireplace: Yes
Heating & Cooling
- Heating features: Fireplace,Forced Air,Heat Pump,Electric
- Cooling features: Forced Air,Heat Pump
Interior Area
- Total structure area: 3,985
- Total interior livable area: 3,985 sqft
Property
Details
- Parcel number: 272214662351
- Zoning description: Jurisdiction: City
- Special condition: Standard
Features
- Levels: Three Or More
- Patio & porch: Bath Off Primary,Built-In Vacuum,Fireplace,Jetted Tub,Walk-In Closet(s)
- Spa features: Bath
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- On waterfront: Yes
- Waterfront features: Lake
Lot
- Lot size: 6,534 sqft
- Features: Paved,Deck,Dock,Moorage,Patio
Parking
- Total spaces: 2
- Parking features: Attached Garage
- Has garage: Yes
- Covered spaces: 2
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
- Wildfire
- Avalanche
- Lightning
- Cold Wave
- Hail
- Heat Wave
- Landslide
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Chelan County and Washington
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $13,905 | $166,860 |
| Home Insurance * | $844 | $10,128 |
| Property Taxes | $1,539 | $18,468 |
| Electricity | $272 | $3,270 |
| Total | $16,560 | $198,720 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-09 | Listed for sale | $2,750,000 |
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