Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ski In/Ski Out Homesite Title is generated by Realmo AI

    L3 B2 Tall Timber, Sandpoint, ID 83864

    View on Map
    Claim this Listing
    For Sale
    $485,000

    LAND - Sandpoint, ID

    Lot size:
    0.19 Acres
    Added:
    Feb 12, 2026
    Days on Market:
    105
    Last Refresh:
    May 28 at 5:06 pm

    Property Features for L3 B2 Tall Timber

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Alpine Village
    Standard status
    Active
    APN
    RP045460020030A
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    20-58N-2W South Ridge Ski Second Addition Plat Two Blk 2 Lot 3
    Tax Annual Amount
    1553

    We can help!

    Listing Contact
    Michele Matthews

    Listing agent Michele Matthews License #SP58198

    Listing office CENTURY 21 Beutler & Associates 1836 Northwest Blvd, ID

    Listing date Feb 12, 2026

    MLS# 26-1252 Listing URL

    Copyright © 2026 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Ski‑in/ski‑out access to Schweitzer Mountain's world‑class terrain.
    • Panoramic views of Schweitzer Mountain and Lake Pend Oreille.
    • Located in an exclusive, gated 80‑acre community with private on‑site skiing.
    • Custom build‑ready homesite with included geotechnical survey.
    • Four‑season recreational opportunities: skiing, mountain biking, hiking, lake activities.
    • Meticulously maintained roads and seamless access to Schweitzer village amenities.

    Overview

    This 0.19-acre property in Sandpoint, ID, offers a premier custom homesite with ski in/ski out living. Located in The Spires, it features views of Schweitzer Mountain and Lake Pend Oreille. The surveyed property is custom build ready and includes a geotechnical survey. Residents enjoy access to Schweitzer's terrain for lift-served mountain biking, hiking, scenic chairlift rides, and huckleberry picking during the summer. Lake Pend Oreille offers opportunities for boating, sailing, paddle boarding, fishing, and beach days. Situated within Schweitzer's exclusive 80-acre, gated community, owners benefit from private on-site skiing across 50 acres, meticulously maintained roads, and seamless access to village amenities. The property is located in the Alpine Village zoning district and offers a four-season alpine retreat.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Restaurant Spa & Massage Center Grocery & Convenience Store Cafe & Coffee Shop Real Estate Agency Travel Agency Bed & Breakfast Bar & Pub Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sandpoint
    County
    Bonner
    State
    Idaho
    Longitude
    -116.62426
    Latitude
    48.358895

    Nearby Similar for Sale

    • $800,000
      2,791 SF

      Downtown Sandpoint Commercial Property

      Commercial property in downtown Sandpoint with parking and alley access.
      525 Cedar St, Sandpoint, ID 83864
      View Details
    • $1,800,000
      6,436 SF

      Boutique Motel in Downtown Sandpoint

      Landmark motel with 19 units near Lake Pend Oreille.
      501 N 4th Ave, Sandpoint, ID 83864
      View Details
    • $1,150,000
      1,848 SF

      Prime Commercial Land on Highway

      3.68 acres of commercial land with Highway 95 frontage.
      59 W Bronx Rd, Sandpoint, ID 83864
      View Details
    • $1,495,000
      5,600 SF

      Sandpoint Commercial Property For Sale

      Turnkey investment opportunity: profitable business with purpose-built facility.
      102 S Division Ave, Sandpoint, ID 83869
      View Details
    • $2,650,000
      42,253 SF

      Turnkey Sandpoint Mobile Home Park

      17-space mobile home park with full occupancy and future upside.
      702 N Florence Ave, Sandpoint, ID 83864
      View Details
    • $1,495,000

      Turnkey Sandpoint Commercial Investment Opportunity

      Profitable business and purpose-built facility for sale in Sandpoint, ID.
      102 S Division Ave, Sandpoint, ID 83864
      View Details
    • $950,000
      3,174 SF

      Downtown Sandpoint Income Property

      Income-producing property near Schweitzer Mountain and Lake Pend Oreille.
      417 Pine St, Sandpoint, ID 83864
      View Details
    • $665,000
      784 SF

      Renovated Duplexes in Sandpoint Heart

      Newly renovated duplexes in Sandpoint, ideal for investment.
      1715 MAIN St, Sandpoint, ID 83864
      View Details
    • $399,000

      Sandpoint Industrial Land Opportunity

      Shovel-ready 0.98-acre industrial land with utilities in Sandpoint, ID.
      2413 N Boyer Ave, Sandpoint, ID 83864
      View Details
    • $2,795,000
      9,680 SF

      Downtown Sandpoint Commercial Opportunity

      Rare commercial property with water view and high foot traffic.
      208 N 1st Avenue, Sandpoint, ID 83864
      View Details
    • $289,000

      Sandpoint Gastropub Restaurant Opportunity

      Established gastropub with loyal customer base in Sandpoint, Idaho.
      301 Cedar St, Sandpoint, ID 83864
      View Details
    • $1,100,000
      3,872 SF

      Prime Sandpoint Commercial Opportunity

      Highly visible Sandpoint commercial property with mixed-use potential.
      421 Church St, Sandpoint, ID 83864
      View Details

    FAQs

    What type of property is this?
    Recreation land - Premier homesite with ski in/ski out living and mountain views.
    Where is this recreation land located?
    The property is located at L3 B2 Tall Timber Sandpoint, ID.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: Ski‑in/ski‑out access to Schweitzer Mountain's world‑class terrain.; Panoramic views of Schweitzer Mountain and Lake Pend Oreille.; Located in an exclusive, gated 80‑acre community with private on‑site skiing.
    (208) 770-1929
    We can help!
    Listing Contact
    Michele Matthews
    Real Estate License ID: SP58198
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    L3 B2 Tall Timber, Sandpoint, ID 83864
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!