1501 Kokanee Loop, Cle Elum, WA 98922
- $6,200,000
- 9
- BD
- 7
- BA
- 8,300
- SqFt
Listing courtesy of COMPASS.
- List Price
- $6,200,000
- Status
- ACTIVE
- Days on Market
- 105
- MLS#
- 2507143
- Subtype
- Residential
- Style
- 16 - 1 Story w/Bsmnt.
- Year Built
- 2024
- Bedrooms
- 9
- Bathrooms
- 7
- Living Area
- 8,300
- Lot Size
- 37,026
- Acres
- 0.85
- Subdivision
- Suncadia
- Neighborhood
- Suncadia
- MLS Area Major
- Upper Kittitas County
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.
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Additional Information
- 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
- Exterior Features
- Metal/Vinyl
- Property Description
- 16 - 1 Story w/Bsmnt.
- Flooring
- Ceramic Tile, Hardwood, Carpet
- Heating
- Forced Air, Heat Pump, Radiant
- Air Conditioning
- Central Air
- Levels
- One
- Roof
- Metal
- Pool
- Yes
- Parking Features
- Attached Garage
- School District
- Kittitas
Based on information submitted to the MLS GRID as of . 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, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.