On the 4th of July, the fireworks reflect off Lake Coeur d'Alene from this deck. That momentdoesn't make the brochure -- but it's why the next owner is going to find this listing.Cave Bay on Lake Coeur d'Alene. Wrap-around deck with a pergola. Your own boat slip about 2minutes from the front door. Members-only sandy beach, private boat launch, community park-- all walking distance. HOA covers community water, sewer, and snow removal, so winterbelongs to someone else.Independent appraisal on file at $430,000 (May 2026). Recent home inspection complete. Nowlisted BELOW APPRAISED VALUE at $429,999. Most furniture included -- walk in, drop the bags,pour a drink. 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. Metal roof. 1-car garage.High-speed internet. All appliances included.For the buyer rental. BNBCalc A-rated. $71,656 projected annual revenue. 19.3% cash-on-cash. 11.1% cap rate. Top 9% of comparable Cave Bay 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 -- preferably before the 4th.
Listed By
Agency Name: EXP Realty
Shown By
Agent Name: Jeff Palmer
Agent Phone: (509) 710-5780
Agency Title: Coldwell Banker Tomlinson
Estimated Payment
$ 1,180.24 per month $956.99 Principal & Interest $97.83 Property Tax $125.42 Homeowner's Insurance
23160 S Madrona Loop | MLS# 26-2938
This single family home located at 23160 S Madrona Loop, Worley, ID 83876 is currently listed for sale with an asking price of $429,999. This property was built in 1979 and has 3 bedrooms with 1608 sq. ft. S Madrona Loop is located in the Carrolls Cave Bay subdivision within the Plummer-Worley - 44 school district. Search Carrolls Cave Bay real estate on jpalmer.cbspokane.com today.