503-203 Cedar St, Sandpoint, ID 83864
- $895,000
- 2
- BD
- 2
- BA
- 1,590
- SqFt
- List Price
- $895,000
- Status
- ACTIVE
- MLS#
- 20261590
- Style
- Contemporary
- New Construction
- Yes
- Year Built
- 2023
- Bedrooms
- 2
- Bathrooms
- 2
- Lot Size
- 15,246
- Acres
- 0.35
- Living Area
- 1,590
- Region
- Sandpoint
- 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.
Additional Information
- Lot Features
- City Lot, In Town, Irrigation System, Landscaped, Level, Corner Lot, Southern Exposure
- Acres
- 0.35
- Interior Features
- High Speed Internet, Insulated, Storage, Air Exchange System
- Appliances
- Built In Microwave, Dishwasher, Disposal, Range Hood, Microwave, Range/Oven, Refrigerator, Washer
- Heating
- Radiant, Fireplace(s), Natural Gas, Heat Pump, Ductless
- Exterior Features
- Balcony, Fire Pit
- Exterior
- Metal Stud, Brick Veneer, Steel Siding, Wood Siding
- Water
- Public
- Sewer
- Public Sewer
- Garage Description
- Detached, Electricity, Garage Door Opener, Asphalt, Off Street, Assigned, Open
- Garage Spaces
- 1
- School District
- Lake Pend Oreille
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Listing courtesy of TOMLINSON SOTHEBY`S INTL. REAL.