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32272736

4848 GREEN AVE, MANSON, WA 98831-9404 For Sale

SH
WA 23285
Northshore Realty
Listed by Northshore Realty
$4,950,000
78 days on market
Updated 24 days ago

Lake Chelan Retreat

Details
APN 282122612135
Property Type Special Purpose, Hospitality (+1)
Sub Type Hotel, Sports/Entertainment (+1)
Square Footage 23,000
Units 2
Cap Rate 6.02%
NOI $298,237
Class A
Year Built 2016
Buildings 7
Stories 2
Acreage 11.810
Ground Lease No

A rare, turnkey boutique resort with tennis courts, event venue, hotel rooms, and wedding business

Marketing description

Harmony Meadows is a rare opportunity to acquire an established destination resort with multiple income streams already in place, including a strong wedding business with future bookings extending into 2027. Set on a beautifully developed property, the resort combines lodging, event venues, tennis facilities, and supporting infrastructure that would be difficult and costly to recreate today. Unlike a typical investment property, the current owners have operated Harmony Meadows as a stewardship-focused retirement project with philanthropic values, prioritizing guest experience and long-term care over maximizing profit. Now ready to retire, they are seeking the right buyer to carry the vision forward and unlock the property’s full business potential through expanded operations, amenities, and year-round use. There are contracts in place for future weddings that the buyer must honor, and the current operators will help with those events as needed. There are also some seasonal tennis memberships that must be honored. Please see the supplemental document for more information.

Investment highlights

INVESTMENT HIGHLIGHTS

    • Rare, tennis-focused destination resort
    • Established, high-margin wedding business
    • Diversified and complementary revenue streams
    • Strong forward bookings and revenue visibility
    • Recognized brand with regional and national appeal
    • Well-suited for long-term ownership and stewardship
    • Significant real estate and development upside
    • Additional tax parcel number 282115612130

Listing Contacts

SH
WA 23285
Northshore Realty
Listed by Northshore Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$298,237.00
$24,853.08/mo

Valuation Metrics

0
DSCR
6.02%
Cap Rate
6.02%
ROI

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Additional Information

Name
Scott Hutchinson
License
23285
Brokerage
Northshore Realty
Brokerage Phone
2066919923
Title
Managing Broker
Brokerage Address
103 Bighorn Way
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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