Wallace Homes under $500,000

Wallace Homes under $500,000

Welcome to Wallace, Idaho – a hidden gem nestled in the heart of Shoshone County. Known for its rich history and stunning natural beauty, Wallace is a charming small town that offers a unique blend of outdoor adventure and community spirit. With its picturesque mountain backdrop and vibrant downtown area, Wallace is the perfect place for those seeking a peaceful lifestyle while still enjoying the amenities of modern living.

Wallace is renowned for its well-preserved historical architecture and is designated as a National Historic Landmark District. Stroll through its quaint streets and discover local shops, cozy cafes, and art galleries that showcase the talent of local artisans. For outdoor enthusiasts, the surrounding mountains provide endless opportunities for hiking, biking, and winter sports, making it a paradise for nature lovers.

If you're considering making Wallace your home, you'll be pleased to know that there are beautiful properties available for under $500,000. From charming single-family homes with character to modern townhouses that offer low-maintenance living, there’s something for everyone in this price range. These homes provide the perfect opportunity to enjoy the serene lifestyle that Wallace has to offer without breaking the bank.

Whether you’re a first-time homebuyer or looking to downsize, Wallace’s affordable housing market, combined with its breathtaking scenery and tight-knit community, makes it an ideal place to call home. Discover the charm of Wallace, Idaho, and find your perfect home today!

Newest Wallace Homes under $500,000

153 Burke, Wallace
$175,900
2 Beds ⋅ 1 Baths ⋅ 26-9544 MLS
Enjoy the North Idaho lifestyle from this charming 2-bedroom, 1-bath home with beautiful mountain views and the sounds of Canyon Creek just across the street! This 672 sq ft home features a recently remodeled bath, newer carpet and vinyl flooring, plus new vinyl windows in 2024. Outside you'll find a detached 2-car garage with 15x25 workshop, fully fenced yard, raised garden bed, raspberries, 10' gazebo, and covered front and back porches. Plenty of parking with a concrete pad in front plus RV parking beside the shop. Ideally located between Lookout Pass and Silver Mountain, with hunting, fishing, Centennial Trail and the Route of the Hiawatha nearby. Just minutes from historic downtown Wallace with great dining, unique shopping and small-town charm. Previously used as an investment property--perfect as a full-time home, recreational getaway or investment opportunity.

153 Burke, Wallace
36C Gorge Gulch, Wallace
$320,000
2 Beds ⋅ 1 Baths ⋅ 26-6489 MLS
3 adjoining parcels in Burke, Idaho, located just up-canyon from the renowned Star Mine. The 2-bedroom, 1-bath home with approximately 960 square feet of living space provides comfortable year-round living or a conveniently located basecamp for all of your outdoor recreation dreams. Parcel 2 retains grandfathered septic eligibility, and Parcel 3 is ready as a 2nd homesite with a septic permit, water, & power available, enhancing future use and improvement possibilities. Surrounded by the natural beauty of the upper Burke Canyon, the property is situated in a peaceful wooded area while remaining just minutes from historic Wallace, Idaho and easy access to Interstate 90. All 3 parcels are being offered together as a single sale and will not be sold separately. Whether you're seeking a primary residence, mountain retreat, or long-term investment, this property offers exceptional potential. The 500 gallon propane tank & water rights stay with the property. Property is being sold as-is.

36C Gorge Gulch, Wallace
804 Residence, Wallace
$439,999
5 Beds ⋅ 2 Baths ⋅ 26-5796 MLS
Discover the perfect blend of small-town charm and outdoor adventure with this beautifully remodeled 5-bedroom, 2-bath home including a master bedroom with a large walk in closet in the heart of historic Wallace. Whether you're searching for a spacious family residence or an established vacation rental investment, this property offers exceptional versatility and comfort. Completely remodeled in 2020, the home features a fully updated interior along with new exterior siding and metal roof providing peace of mind for years to come. Nestled between Silver Mountain Resort, Lookout Pass, and surrounded by national forest, this location is a year-round paradise for skiing, biking, hiking, ATV riding, hunting, fishing, and endless outdoor recreation. Wallace's vibrant historic downtown offers unique shops, restaurants, and rich mining history, all just minutes from your front door. Whether you're looking for a primary residence, a mountain getaway, or a turnkey short-term rental opportunity, this move-in-ready home offers the perfect basecamp for enjoying everything North Idaho has to offer.

804 Residence, Wallace
531 Burke, Wallace
$269,000
2 Beds ⋅ 2 Baths ⋅ 26-3773 MLS
Fully remodeled manufactured home offering a clean, functional layout with thoughtful upgrades throughout. This 2-bedroom home includes a dedicated office and two bathrooms, including a primary suite with a private en suite, providing flexibility for everyday living, guests, or remote work. The interior features a natural gas stove and wall A/C unit for year-round comfort. The kitchen and living areas are well-integrated, creating an efficient and highly livable space. The second bathroom includes a stand-up shower insert, and a dedicated laundry area with electric dryer adds everyday convenience. Exterior improvements include a newly constructed deck, ideal for outdoor enjoyment and entertaining. A standout feature is the fully permitted and inspected freestanding roof structure rated for a 60 lb snow load. Move-in ready with key upgrades already completed, this property offers a practical and well-maintained option for buyers seeking functionality, flexibility, and value.

531 Burke, Wallace
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