$780,000
Sandpoint, ID 83864
MLS# 24-1342
Status: Closed
2 beds | 2 baths | 1334 sqft
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Property Description
Maximize Your Investment Potential in Sandpoint's Growing Vacation Rental Market at 5th & Cedar! Unlock the potential of Sandpoint's thriving vacation rental market with 5th & Cedar, a luxurious urban retreat offering prime revenue opportunities. Ideally located downtown, this turnkey investment is zoned for commercial vacation rentals, providing flexibility and maximizing ROI. Designed for effortless management with eco-friendly systems, a private elevator, and secure garage, it ensures seamless guest experiences. Scandinavian-inspired interiors, modern amenities like Quartz countertops, GE Café appliances, a gas fireplace, and heated bathroom floors elevate comfort and style. The rooftop deck, featuring a hot tub, fire table, and stunning lake and mountain views, boosts guest appeal, making 5th & Cedar the ultimate high-yield rental property in Sandpoint.
Details
Documents
Contract Information
Status: Closed
Listing Type: Condo
Income Producing: No
Area: North (Bonner & Boundary)
Neighborhood Grid #: 440
Begin Date: 2024-02-23
List Price: $780,000
Sold Date: 2025-03-12
Under Contract Date: 2025-01-15
Short Sale: No
REO: No
Financing: Conventional Loan
General Property Description
Realtor.COM Type: Residential - Condo/Townhome
Building Style: Multi-Level
Basement: No
Garage Type: Det Garage
Garage Stall: 1 Car
Total Bedrooms: 2
Total Bathrooms: 2
Total SqFt.: 1334
SqFt Source: Builder
Lot Acres: 0.35
Year Built: 2023
New Construction: Yes, completed
Lot Type 1: Commercial
Legal and Taxes
Legal: 22-57N-2W FOSTERS CROSSINGS LOT 2A REPLAT
AIN/Tax Bill: 13934
Parcel Number: RPS389700002A0A
School District: Lk Pend Oreille - 84
Zoning: Commercial
Taxes: 4800
Tax Year: 2023
Taxes Reflect 1: Lot Only
Subdivision: N/A
Directions: SW corner of 5th Avenue and Cedar Street. Parking entrance on Cedar Street. Additional parking in lot in front of Foster's Crossing.
Remarks
Public Remarks: Maximize Your Investment Potential in Sandpoint's Growing Vacation Rental Market at 5th & Cedar! Unlock the potential of Sandpoint's thriving vacation rental market with 5th & Cedar, a luxurious urban retreat offering prime revenue opportunities. Ideally located downtown, this turnkey investment is zoned for commercial vacation rentals, providing flexibility and maximizing ROI. Designed for effortless management with eco-friendly systems, a private elevator, and secure garage, it ensures seamless guest experiences. Scandinavian-inspired interiors, modern amenities like Quartz countertops, GE Café appliances, a gas fireplace, and heated bathroom floors elevate comfort and style. The rooftop deck, featuring a hot tub, fire table, and stunning lake and mountain views, boosts guest appeal, making 5th & Cedar the ultimate high-yield rental property in Sandpoint.
Address Information
Street Number: 503
Street Name: Cedar
Street Suffix: St
Unit #: #202
State/Province: ID
Postal Code: 83864
County: Bonner
Property Subject to
CC&Rs: Yes
Homeowners Assoc: Yes
HOA Name: 5th and Cedar
Frequency: Monthly
Association Fee: 600
LID: No
Non-Mtg Lien: None
Flood Zone: No
Aircraft Flight Zone: No
Fire Protection Dist: Yes
Fire Protection Name: Sandpoint City
Miscellaneous
Sec: 22
Twn: 57N
Rng: 02W
Rng Dir: WBM
Rooms per Level
1st Fl Living Rm: 1
1st Fl Dining Room: 1
1st Fl Kitchen: 1
1st Fl Mst Bdrm Suite: 1
1st Fl Bdrm(s): 2
Main Level Bedrooms: 3
1st Fl Bath: 2
Main Level Bathrooms: 3
1st Fl Laundry: 1
Kitchen Amenities
Counter Type: Quartz
Architectural Style
Description: Scandinavian Contemporary
Property Features
Association Fee Includes: Maintenance Grounds; Snow Removal; Trash; Water
View: Lake; Mountain(s); Territorial
Lot Features: Corner Lot; Landscaped; Level; Sprinklers In Front; Sprinklers In Rear
Interior Features: Electric Dryer Hookup; Handicap Facility; High Speed Internet; Security System; Washer Hookup
Fireplace Features: Gas
Exterior Features: Covered Patio; Curbs; Fire Pit; Handicap Access; Lighting; Open Deck; Paved Parking; Sidewalks; Spa/Hot Tub
Common Walls: 2+ Common Walls
Appliances: Dishwasher; Disposal; Electric Dryer; Freezer; Gas Range; Microwave; Refrigerator; Electric Water Heater
Fuel: Electric; Natural Gas
Heating: Cadet; Fireplace(s); Heat Pump; Mini-Split; Radiant
Basement: None, Slab on grade
Foundation: Slab
Construction: Post & Beam
Exterior: Brick; Steel Siding; Wood Siding
Flooring: LVP; Tile
Roof: Metal
Road: Paved; Public Maintained Road
Sewer: Public Sewer
Terms Considered: 1031 Exchange; Cash; Conventional
Showing Instructions: ShowingTime Online
Supplements
Condo 202's kitchen and bathrooms are designed to the most stringent standards for accessibility - making this condo an ideal home or vacation rental for the fastest growing population (60+) Enjoy peace of mind in a secure building, blending urban living with outdoor adventure. Experience 5th & Cedar, where meticulous craftsmanship and thoughtful design converge to redefine, upscale condominium living. Don't miss your chance to call this exclusive enclave home. Marina slips available.
PCR 
Listing Office: Tomlinson Sotheby's International Realty (Idaho)
Last Updated: March - 12 - 2025
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