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Additional details

Mick Hanson

Engel & Völkers Mercer Island

mick.hanson@engelvoelkers.com +1(206) 571-3040

Listed by:COMPASS • Ned Hosford

$ 6,200,000

Est. payment -/mo

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1501 Kokanee LOOP Cle Elum, WA 98922

9 Beds

5.5 Baths

8,300 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 8,300 sqft

Price per Sqft $746

Subdivision Suncadia

MLS Listing ID 2507143

Style 16 - 1 Story w/Bsmnt.

Bedrooms 9

Full Baths 3

Half Baths 2

HOA Fees $800/mo

Year Built 2024

Annual Tax Amount $20,327

Lot Size 0.850 Acres

Property Sub-Type Single Family Residence

Property Description

High-Yield Luxury STR Asset A rare opportunity to acquire a fully stabilized, large-group luxury short-term rental in one of the Pacific Northwest's most sought-after resort destinations. Built in 2024 and purpose-designed for 22+ guest occupancy, this retreat operates at the top of the Suncadia rental market. Two full kitchens, heated pool, hot tub, movie theatre, built-in arcade, outdoor kitchen, multiple fire pits, and beds for 22+ make it one of a handful of properties capable of hosting groups at this scale. The Financials Year 1 (2025): $128,852 gross, 54 nights | $2,386 ADR Year 2 (2026): $205,000 booked, 67 nights | $3,000+ ADR Year 3 (2027): Projected $400,000+ gross revenue Market Rate Potential: $600,000+ gross annual revenue The Upside Pricing has been kept below market while the owner built reviews and repeat clientele. Comparable properties at this scale in Suncadia rent at $4,200+ per night. At market rate, annual gross revenue exceeds $600,000. The $400K projection assumes below-market pricing. The Asset 8,300 square feet of architecturally designed living space on just under an acre, one of only three properties of this scale in Suncadia. Two full kitchens, heated pool, hot tub, movie theatre, built-in arcade, outdoor kitchen, multiple BBQs, and beds for 22+ paired with luxury finishes throughout. Private, yet steps from Suncadia's trail network for running, biking, and cross-country skiing. Built 2024. Fully turnkey, no deferred maintenance.

Location

State WA

County Kittitas

Area 948 - Upper Kittitas County

Rooms

Basement Finished

Main Level Bedrooms 5

Interior

Interior Features Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Fireplace, Fireplace (Primary Bedroom), Hot Tub/Spa, Pantry, Security System, Sprinkler System, Wet Bar, Wine/Beverage Refrigerator, Wired for Generator

Flooring Ceramic Tile, Hardwood, Carpet

Fireplaces Number 3

Fireplaces Type Gas

Fireplace true

Appliance Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer

Exterior

Exterior Feature Metal/Vinyl

Pool In Ground

Amenities Available Cable TV, Fenced-Fully, Gas Available, High Speed Internet, Hot Tub/Spa

View Y/N No

Roof Type Metal

Garage Yes

Building

Lot Description Paved

Story One

Sewer Sewer Connected

Water Community

New Construction No

Schools

School District Kittitas

Others

HOA Fee Include Common Area Maintenance,Road Maintenance,Security

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOLS & PROPERTIES

Mick Hanson

Real Estate Advisor | License ID: 106643

+1(206) 571-3040

HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?

Mick Hanson

1501 Kokanee LOOP Cle Elum, WA 98922

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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1501 Kokanee LOOP