PROS:
The view is amazing. End of the road, quiet, secluded spot. The dock itself is cool. The house has a sod roof, and is cozy and cute-looking from the outside. There's a flat space to park or hang out in front of the house, and a nice concrete slab to the side of the house with chairs where you can sit with your back to the hillside and watch the moon rise over the lake. We saw osprey, bats, frogs, swallows. Beautiful location. It's rustic.
CONS:
It says children are welcome...but this place is NOT kid friendly. It's on a cliff.
Getting from the house to the stairs of the dock (they start halfway down the steep hillside) is iffy at best--a dusty, rutted, steep trail that intersects with the plumbing pipes running aboveground. It's definitely possible to slip and seriously fall if you're a good walker. If you have any trouble on your feet for any reason, it would be a risky walk down to the dock. If the trail was maintained better, this could be mitigated.
The house was dirty. There were tons of dead bugs stuck to the tops of the kitchen lights. Dust bunnies and spiderwebs all over in the corners and up high. Someone's old water bottle, half-drunk, under the bed. The pillow shams and decorative comforter were clearly unwashed and felt dirty to the touch. (The sleeping pillows, sheets and duvet were clean, however.) There are two couches in the tiny living room and they were filthy and old. (Also, why two couches? This is a tiny, two-person place.) The garbage can in the kitchen didn't have a lid so it immediately attracted bugs--flies, fruit flies, wasps. Gross. So many fruit flies!! Even after I crammed the garbage into the under-sink cupboard, the bugs could still crawl in there. The outside trash cans hadn't been emptied and were nearly full with other people's garbage. The little outdoor grill was filthy and when we arrived the gas tank was on and making the place smell mysteriously scary like propane.
OVERALL:
We knew it the place would be rustic, and that's what we came for. The cons for me were upkeep-related issues and nothing to do with the actual location or the small size of the house.
If the house was cleaner, at least 3 stars. Given the kinda dilapidated nature of many of the furnishings, I think the place was overpriced--there's clearly not a ton of attention given to the inside of the house. But if you're looking to basically go glamping on a quiet part of Lake Chelan, it might be your cup of tea.