Description
Two dwellings on 4.87 wooded acres with mountain views in the sought-after Cougar Gulch area, approximately 10 minutes from downtown Coeur d'Alene. Acreage properties with multiple living spaces this close to town are increasingly difficult to find. Designed for flexibility, the property is well suited for multi-generational living, a private compound setup, or buyers looking to create equity through renovation. The 1,824 sq ft main home and separate 990 sq ft guest house with office space provide natural separation for extended living, guests, or potential rental use. The dual-dwelling configuration also presents strong potential for short-term rental or hybrid use, allowing an owner to live in one residence while generating income from the other. An unfinished loft above the garage adds additional flexibility for a future bedroom, studio, or workspace. The county assessor currently values the property at $960,000, highlighting the potential value gap between the current opportunity price and stabilized value once improvements are completed. A contractor repair estimate is available to help buyers better understand the scope of work. The property includes a private well with pump house, 3,000-gallon water storage, and deeded access to a spring. Quiet wooded setting offering privacy and space while remaining minutes from downtown Coeur d'Alene, shopping, dining, and lake access. The main home has completed professional water remediation by Allklean with the source corrected. Interior sheetrock and flooring were removed approximately two feet as part of the remediation process, creating a defined starting point for renovation.
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4BEDS
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4.43ACRES
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3BATHS
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11/2 BATHS
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2,814SQFT
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$290$/SQFT
Description
Two dwellings on 4.87 wooded acres with mountain views in the sought-after Cougar Gulch area, approximately 10 minutes from downtown Coeur d'Alene. Acreage properties with multiple living spaces this close to town are increasingly difficult to find. Designed for flexibility, the property is well suited for multi-generational living, a private compound setup, or buyers looking to create equity through renovation. The 1,824 sq ft main home and separate 990 sq ft guest house with office space provide natural separation for extended living, guests, or potential rental use. The dual-dwelling configuration also presents strong potential for short-term rental or hybrid use, allowing an owner to live in one residence while generating income from the other. An unfinished loft above the garage adds additional flexibility for a future bedroom, studio, or workspace. The county assessor currently values the property at $960,000, highlighting the potential value gap between the current opportunity price and stabilized value once improvements are completed. A contractor repair estimate is available to help buyers better understand the scope of work. The property includes a private well with pump house, 3,000-gallon water storage, and deeded access to a spring. Quiet wooded setting offering privacy and space while remaining minutes from downtown Coeur d'Alene, shopping, dining, and lake access. The main home has completed professional water remediation by Allklean with the source corrected. Interior sheetrock and flooring were removed approximately two feet as part of the remediation process, creating a defined starting point for renovation.
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