Wallace Homes under $700,000

Wallace Homes under $700,000

Welcome to Wallace, Idaho—a hidden gem nestled in the heart of Shoshone County! Known for its rich mining history and stunning natural landscapes, Wallace offers a unique blend of small-town charm and outdoor adventure. With a population of just over 900 residents, this quaint city is surrounded by the breathtaking Bitterroot Mountains and is conveniently located along the scenic Route of the Hiawatha, making it a haven for outdoor enthusiasts and history buffs alike.

Wallace boasts a vibrant downtown area filled with historic buildings, local shops, and delightful eateries, where you can savor the flavors of the region. The city is also home to the famous Wallace Mining Museum, which showcases the area’s storied past and celebrates its mining heritage.

For those looking to call Wallace home, you’ll be pleased to discover a variety of charming residences available for under $700,000. Whether you’re seeking a cozy bungalow with mountain views or a spacious family home with easy access to outdoor recreation, Wallace has something to suit every taste and budget. The real estate market here offers an array of options, from beautifully restored historic homes to modern builds, all set against the backdrop of Idaho’s stunning natural beauty.

Experience the warmth and community spirit of Wallace, where outdoor adventures await and a welcoming atmosphere makes it easy to feel at home. Discover your perfect slice of Idaho today!

Newest Wallace Homes under $700,000

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
302 2nd, Wallace
$660,000
26-6303 MLS
Discover a rare investment opportunity in the heart of historic Wallace--this classic brick five-unit apartment building blends timeless character and unbeatable access to North Idaho's outdoor lifestyle. Located in one of Wallace's most charming and walkable neighborhoods, residents can enjoy easy access to local shops, dining, and the town's rich mining-era history all just steps from the front door. Wallace serves as a true gateway to the outdoors with access to two ski hills and the nearby Trail of the Coeur d' Alenes along with countless recreational opportunity.

302 2nd, 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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