23160 S Madrona LOOP, Worley, ID 83876
23160 S Madrona LOOP, Worley, ID 83876
23160 S Madrona LOOP, Worley, ID 83876
23160 S Madrona LOOP, Worley, ID 83876
23160 S Madrona LOOP, Worley, ID 83876
23160 S Madrona LOOP, Worley, ID 83876
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$ 439,990
Est. payment | /mo

3 Beds

2 Baths

1,608 SqFt


$ 439,990
Est. payment | /mo

3 Beds

2 Baths

1,608 SqFt

Key Details

Property Type Manufactured Home

Sub Type Manufactured < 2 Acres

Listing Status Active

Purchase Type For Sale

Square Footage 1,608 sqft

Price per Sqft $273

Subdivision Carrolls Cave Bay

MLS Listing ID 26-2938

Style Manufactured Double Wide

Bedrooms 3

HOA Y/N Yes

Year Built 1979

Annual Tax Amount $1,174

Tax Year 2025

Lot Size 0.390 Acres

Acres 0.39

Property Sub-Type Manufactured < 2 Acres

Source Coeur d'Alene Multiple Listing Service

Property Description

Cash flow on Lake Coeur d'Alene. BNBCalc rates this property A for short-term rental -- $71,656 projected annual revenue, 58% occupancy, $338 average nightly. 19.3% cash-on-cash. 11.1% cap rate. HOA-approved STR. Boat slip on Cave Bay included.
This is the lake property that pays for itself. Wrap-around deck with a pergola, panoramic mountain and water views, your own slip on a private community marina, members-only sandy beach, private boat launch, community park -- all about 2 minutes from the front door. HOA covers community water, sewer, and snow removal.
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 cooperate. Metal roof. 1-car garage. High-speed internet. All appliances included.
Independent appraisal on file from May 2026 -- full report available to qualified buyers. Top 9% of comparable Cave Bay area 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.
Second-home buyer who wants a boat slip and a property that pays its own way? This is the file. Schedule a private showing.
Relocating to North Idaho? Lake CDA address, Spokane airport 55 min, no state income tax. Schedule a private showing.

Location

State ID

County Kootenai

Community Carrolls Cave Bay

Area 14 - Benewah

Zoning Residential

Direction Worley to Cave Bay rd to Madrona Loop

Rooms

Basement Crawl Space

Main Level Bedrooms 3

Interior

Interior Features Fireplace, High Speed Internet, Smart Thermostat, Washer Hookup

Heating Electric, Propane, Forced Air, Heat Pump, Propane Stove

Cooling Central Air

Fireplaces Type Gas

Fireplace Yes

Exterior

Exterior Feature Boat Slip, Dock, Open Deck, Rain Gutters

Parking Features Att Garage

Garage Description 1 Car

Fence None

View Mountain(s), Territorial, Lake

Roof Type Metal

Attached Garage Yes

Building

Lot Description Steep Slope, Sloped, CDA Reservation

Foundation Block

Sewer Septic Tank, Community System, Lift Station, Lagoon

Water Community System, Shared Well, Transfer Fee

New Construction No

Schools

School District Plummer/Worley - 44

Others

Tax ID 012010010040

Virtual Tour https://www.vr-360-tour.com/e/NwgBnTfUl1Q/e?hide_background_audio=true&hide_e3play=true&hide_logo=true&hide_nadir=true&hidelive=false

Listed by EXP Realty

NEARBY SCHOOL & BUSINESS

Brenda Burk

+1(208) 818-3668

brenda@brendaburk.com

2000 Northwest Boulevard, Coeur d'Alene, ID, 83814

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23160 S Madrona LOOP