1501 Kokanee Loop Cle Elum WA 98922
$ 6,200,000
  9   |    3 Full  2 Half   |    8300 Sq Feet
Listed By: COMPASS

Listing ID

#2507143

Property Type

Single Family Residence

County

Kittitas

Neighborhood

Suncadia

Year Built

2024

Days on website

4

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
Financial Information
List Price:  $ 6200000
Taxes:  $ 20327
Property Features
Appliances:  Disposal, Stove(s)/Range(s)
Association Fee Includes:  Common Area Maintenance, Road Maintenance, Security
Basement:  Finished
Exterior Features:  Metal/Vinyl
Fee Frequency:  Monthly
Fireplace Features:  Gas
Flooring:  Carpet, Ceramic Tile, Hardwood
Foundation Details:  Slab
Interior Or Room Features:  Bath Off Primary, Dining Room, Fireplace, Fireplace (Primary Bedroom), Hot Tub/Spa, Pantry, Security System, Sprinkler System, Wet Bar, Wine/Beverage Refrigerator, Wired for Generator
Levels:  One
Lot Features:  Paved
Parking Features:  Attached Garage
Pool Features:  In Ground
Property Condition:  Very Good
Roof:  Metal
Security Features:  Fully Fenced, Security Service, Security System
Sewer:  Sewer Connected
Structure Type:  House
Water Source:  Community
MLSAreaMajor:  948 - Upper Kittitas County
City:  Cle Elum
Subdivision Name:  Suncadia
Association Fee:  800
Listed By:     COMPASS  206-328-7200