Beautiful Retreat on 12.2 Acres
Offered At: $395,000
Street: 415 Tonic Ridge Road
Features: Spectacular Views, Thriving Rental Business, Sleeps 10+ comfortably, Remote yet close to town, 6GPM Well, Additional building sites, 30'x40' Shop, Pond
This 12.2 Acre Retreat, built-out since 2010, features spectacular sweeping views and privacy while still being located in close proximity to all the amenities of in-town living! Currently operated as a seasonal retreat rental (Spring-Summer-Fall), possible uses for the property are endless!
The upper portion of this property is set on 11.7 acres and serves as the primary retreat, consisting of a main cabin, 3 separate sleeping cabins, a bath house with laundry facilities and two storage buildings. Outdoors you will find a covered patio with outdoor kitchen, a large infinity deck, hammock, fire-pit and ample parking space. All cabins are exceptionally clean, well-maintained and constructed for year-round living. ALL fixtures and furniture are included!
The lower portion of the property is a separate .477 acre parcel featuring a 30’ x 40’ garage with concrete floors and power, along with a year-round pond. Space is available next to the garage for a mobile or manufactured home, which would be a perfect spot for an owner occupied or property manager living quarters, should you choose to expand the established seasonal rentals into a year-round business.
Multiple sites with incredible views exist throughout the property to add additional structures (perfect for manufactured, mobile units or Tiny Houses) separate from the main retreat area.
Water Purification System – 6 GPM Well – Avista Power
Cell service is VERY strong and satellite internet is available.
Entrance to the property is on a county-maintained (plowed in winter) and paved road.
INCLUDED IN SALE: 2005 Rhino (pictures in photos) is included, as are two 2001 Yamaha 125cc dirt bikes, 12’ flatbed trailer, grader attachment for Rhino, 5k watt generator, numerous bicycles, multiple inflatable rafts, tools (table saw, Dewalt miter saw, etc.)!
For the past 1.5 years the property has been operated as a seasonal (spring-summer-fall) vacation rental, with the entire retreat available for nightly or weekly bookings. The 2017 year is on pace for approximately $23k revenue (almost completely booked through the remaining Summer). Established accounts on VRBO and AirBnB (all 5 star ratings/reviews) can be included in the sale along with guidance/consultation on continuing operation of the property as a seasonal rental business. HUGE potential exists in expanding the established Spring/Summer rentals into a year-round operation for snowmobilers and skiers, while also adding additional income-producing units to the property.
The retreat is situated in close proximity to the Trail of the Coeur d’Alenes, The Hiawatha Trail, Silver Mountain Ski Resort, Thompson Pass, Rose Lake, the north fork of the Coeur d’Alene River, Caribou Ridge National Recreation Area, Fourth of July Pass Recreation Area, Galena Ridge Golf Course, Cataldo Mission State Park, Lake Coeur d’Alene, the Historic town of Wallace, and so much more! Skiing, Snowboarding, Snowmobiling, Fishing, Hunting, Hiking, Biking, Rafting, Swimming, Kayaking, Paddleboarding, 4-wheeling – it’s all here!
Property Taxes are approximately $1700/yr, with NO CCRs and NO HOA.