23160 S Madrona LOOP, Worley, ID 83876
Local realty services provided by:CENTURY 21 Beutler & Associates
Listed by: jeremy specials
Office: exp realty
MLS#:26-2938
Source:ID_CDAR
Price summary
- Price:$439,990
- Price per sq. ft.:$273.63
About this home
Cash flow on Lake Coeur d'Alene. BNBCalc rates this property A for short-term rental -- $71,656 projected annual revenue, 58% occupancy, $338 average nightly. 19.3% cash-on-cash. 11.1% cap rate. HOA-approved STR. Boat slip on Cave Bay included.
This is the lake property that pays for itself. Wrap-around deck with a pergola, panoramic mountain and water views, your own slip on a private community marina, members-only sandy beach, private boat launch, community park -- all about 2 minutes from the front door. HOA covers community water, sewer, and snow removal.
Owner has invested $30,000+ since 2017 -- new deck, new gutters, updated flooring, remodeled bathroom, washer/dryer, appliances, septic pump. Heat pump and central air. Propane backup stove keeps the house warm when the grid doesn't cooperate. Metal roof. 1-car garage. High-speed internet. All appliances included.
Independent appraisal on file from May 2026 -- full report available to qualified buyers. Top 9% of comparable Cave Bay area units on occupancy.
7 min to Coeur d'Alene Casino & Resort. 30 min to downtown CDA. 55 min to Spokane International -- non-stop to LA, SF, Denver, Seattle. 1979 HUD-compliant double-wide. Cash, conventional, portfolio, and DSCR financing welcome. Schedule a private showing.
Second-home buyer who wants a boat slip and a property that pays its own way? This is the file. Schedule a private showing.
Relocating to North Idaho? Lake CDA address, Spokane airport 55 min, no state income tax. Schedule a private showing....
Contact an agent
Home facts
- Year built:1979
- Listing ID #:26-2938
- Added:65 day(s) ago
- Updated:June 07, 2026 at 10:15 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Carpet, Vinyl
- Basement:Yes
- Basement Description:Crawl Space
- Living area:1,608 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Heat Pump
Structure and exterior
- Roof:Metal
- Year built:1979
- Building area:1,608 sq. ft.
- Lot area:0.39 Acres
- Lot Features:CDA Reservation
- Exterior Features:Open Deck, Rain Gutters
- Foundation Description:Block
Utilities
- Water:Community System, Shared Well, Transfer Fee
- Sewer:Community System, Lagoon, Lift Station
Finances and disclosures
- Price:$439,990
- Price per sq. ft.:$273.63
- Tax amount:$1,175 (2025)
Features and amenities
- Laundry features:Electric Dryer, Washer
- Amenities:Fireplace
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