23160 S Madrona LOOP Worley, ID 83876
3 Beds
2 Baths
1,608 SqFt
UPDATED:
Key Details
Property Type Manufactured Home
Sub Type Manufactured < 2 Acres
Listing Status Active
Purchase Type For Sale
Square Footage 1,608 sqft
Price per Sqft $273
Subdivision Carrolls Cave Bay
MLS Listing ID 26-2938
Style Manufactured Double Wide
Bedrooms 3
HOA Y/N Yes
Year Built 1979
Annual Tax Amount $1,174
Tax Year 2025
Lot Size 0.390 Acres
Acres 0.39
Property Sub-Type Manufactured < 2 Acres
Source Coeur d'Alene Multiple Listing Service
Property Description
BNBCalc analysis projecting $71,656 in annual STR revenue at 58% occupancy and $338 ADR.
A-rated STR market. 19.3% cash-on-cash. 11.1% cap rate. Boat slip on Lake Coeur d'Alene
included.
On Cave Bay, Lake CDA. From a wrap-around deck with a pergola, you watch the water go gold
every evening -- your own boat slip, members-only sandy beach, private boat launch, and
community park 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.
7 min to Coeur d'Alene Casino & Resort. 30 min to downtown CDA. 55 min to Spokane International (non-stops to LA, SF, Denver, Seattle).
1979 HUD-compliant double-wide. Cash, Conventional, portfolio, and DSCR welcome. Prior
buyer's financing fell through -- not the property. Appraisal and BNBCalc analysis available to
qualified buyers. Schedule a private showing.
Investor underwriting? A-rated BNBCalc, $71,656 projected revenue, 11.1% cap rate. Schedule a
private showing.
Relocating to North Idaho? Spokane airport is 55 min with non-stops to LA, SF, Denver, Seattle.
Schedule a private showing
Location
State ID
County Kootenai
Community Carrolls Cave Bay
Area 14 - Benewah
Zoning Residential
Direction Worley to Cave Bay rd to Madrona Loop
Rooms
Basement Crawl Space
Main Level Bedrooms 3
Interior
Interior Features Fireplace, High Speed Internet, Smart Thermostat, Washer Hookup
Heating Electric, Propane, Forced Air, Heat Pump, Propane Stove
Cooling Central Air
Fireplaces Type Gas
Fireplace Yes
Exterior
Exterior Feature Boat Slip, Dock, Open Deck, Rain Gutters
Parking Features Att Garage
Garage Description 1 Car
Fence None
View Mountain(s), Territorial, Lake
Roof Type Metal
Attached Garage Yes
Building
Lot Description Steep Slope, Sloped, CDA Reservation
Foundation Block
Sewer Septic Tank, Community System, Lift Station, Lagoon
Water Community System, Shared Well, Transfer Fee
New Construction No
Schools
School District Plummer/Worley - 44
Others
Tax ID 012010010040
Virtual Tour https://www.vr-360-tour.com/e/NwgBnTfUl1Q/e?hide_background_audio=true&hide_e3play=true&hide_logo=true&hide_nadir=true&hidelive=false