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Julie Paterson

julie@bestcdahomes.com +1(208) 277-4499

$895,000

Est. payment - /mo

2 Beds

2 Baths

1,590 SqFt

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Key Details

Property Type Condo

Sub Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 1,590 sqft

Price per Sqft $562

MLS Listing ID 20261590

Style Contemporary

Bedrooms 2

Year Built 2023

Annual Tax Amount $439

Tax Year 2023

Lot Size 0.350 Acres

Property Sub-Type Condo

Property Description

Investor opportunity in the heart of downtown Sandpoint, where comparable residences within the building have demonstrated strong short-term rental performance and five of the six residences are investor-owned. This level of investor ownership reflects the building's proven appeal as both a luxury residence and income-producing asset. As the final residence available in the highly sought-after 5th & Cedar development, #203 offers a rare opportunity to combine income potential, personal use flexibility, and long-term appreciation. This 1,590-square-foot luxury condominium features one of the largest floor plans in the building, with a spacious open-concept design, primary en-suite, guest bedroom, full bath, detached garage, EV charging, high-speed internet, secure building access, and elevator service. Guests and owners enjoy premium rooftop amenities including a hot tub, fire table, outdoor TV, BBQ area, and lake views. Located in downtown Sandpoint's most walkable district, restaurants, shopping, coffee shops, City Beach, Lake Pend Oreille, and the Farmers Market are just steps away. With limited hotel inventory in downtown Sandpoint and strong demand for high-quality vacation rentals, properties like this continue to attract both visitors and investors. Schweitzer Mountain Resort, the region's premier year-round destination, is only 25 minutes away. Eligible for short-term rental use within Sandpoint's commercial zoning district.

Location

State ID

County Bonner

Rooms

Dining Room Open to Kitchen with Neighborhood Views

Kitchen GE Cafe Appliances, Quartz Counters, Breakfast Bar

Interior

Interior Features Security System, Insulated, Secure Access, Sprinkler System, Storage, Air Exchange System, Air Conditioning

Heating Radiant, Fireplace, Gas-Natural, Heat Pump, Ductless Split

Flooring Vinyl

Fireplaces Type Built In Fireplace, Mantel, Natural Gas, Stone/Masonry, 1 Fireplace

Laundry Convenient Stackable Machine

Exterior

Exterior Feature Brick-Accent, Steel, Wood

Parking Features 1 Car Detached, Electricity, 220 Volt, Opener

Roof Type Flat Roof

Building

Foundation Slab

Sewer Public

Water Public

Schools

Elementary Schools Washington

Middle Schools Sandpoint

High Schools Sandpoint

School District Lake Pend Oreille

Others

Ownership Condominium

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Listed by TOMLINSON SOTHEBY`S INTL. REAL

Nearby School & Business

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Julie Paterson

+1(208) 277-4499

Agent | License ID: SP47587

Agent License ID: SP47587

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503-203 Cedar St Sandpoint, ID 83864

Julie Paterson

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others