Coeur d'Alene, Idaho, nestled among North Idaho’s stunning natural beauty, offers some of the most sought-after luxury properties in the U.S. Known for its pristine lakes, majestic mountains, and vibrant community, this area provides a rich selection of waterfront estates, mountain retreats, and modern homes in desirable neighborhoods.

The 2024 Luxury Market in North Idaho

The luxury real estate market in Northern Idaho is experiencing a balanced phase in 2024, characterized by increased inventory and steady demand:

• Median Luxury Sales Price: $1,350,000 as of October 2024, a 4% increase from the previous year.
• Market Activity: Inventory stands at 524 listings, with a total of 71 sales in October. Homes are selling at 94.88% of their list price.
• Days on Market: Luxury homes spend a median of 109 days on the market, reflecting a slower pace than in 2023​.

Coeur d'Alene remains a hot spot for buyers seeking outdoor recreation, privacy, and upscale living. The most active price band is $1,000,000 to $1,099,999, with a sales ratio of 44%​.

While luxury homes sales have ticked up since 2023, inventory increases have given buyers more choices and the opportunity to negotiate on price.

Finding the Best Properties: Waterfront and Mountain Estates

Luxury buyers in Coeur d'Alene are drawn to two main property types: waterfront and mountain-view homes.

Waterfront Properties

Homes along Lake Coeur d'Alene and Hayden Lake are iconic, offering:

• Direct lake access for boating, kayaking, or fishing.
• Sweeping water views with decks and patios that maximize outdoor enjoyment.
• Premium amenities such as private docks, infinity pools, and chef’s kitchens.

Top Locations for Waterfront Homes:

1. Lake Coeur d'Alene: Known for its clear waters and vibrant surroundings.
2. Hayden Lake: A quieter alternative with luxury estates tucked along the shore.

Mountain-View Retreats

For those seeking privacy and panoramic landscapes, Coeur d'Alene’s mountain homes deliver:

• Secluded locations with expansive acreage.
• Stunning views of rolling hills, valleys, and pristine forests.
• Architecturally significant designs, blending rustic elegance with modern luxury.

Best Neighborhoods for Luxury Living

Coeur d'Alene boasts several neighborhoods catering to diverse luxury preferences:

1. Golf Course Communities

Coeur d'Alene is home to world-class golf courses, surrounded by exquisite real estate:

• The Club at Black Rock: Known for its gated estates and access to top-tier amenities.
• Coeur d'Alene Resort Golf Course: Homes near this iconic floating green offer both luxury and prestige.
• Gozzer Ranch & Golf Club: Known for its exclusivity and a roster of celebrity property owners.

2. Family-Friendly Communities

For families, neighborhoods like Mill River and Riverstone offer:

• Proximity to schools and parks.
• Access to community hubs with restaurants and entertainment.
• A balance of comfort and upscale living, community beaches and docks.

3. New Developments

Luxury buyers looking for modern designs should explore:

• Harrison’s new gated communities, such at Gotham Bay Estates for expansive lake views and contemporary craftsman builds.
• Atlas Waterfront Community for urban waterfront living and modern contemporary homes.
  
  

How to Navigate the Luxury Market if You're Considering Buying Before the End of the Year

Work with a Local Expert

The luxury market in Coeur d'Alene and surrounding areas requires a knowledgeable agent who understands the nuances of waterfront and mountain properties, as well as community dynamics. Choosing an experienced luxury Realtor will help with negotiations and finding that perfect property to add to your portfolio.

Prioritize Amenities

From private docks to multi-car garages, ensure the property matches your lifestyle and investment goals.

Consider Market Timing

With homes spending longer on the market, buyers have more leverage in negotiations in 2024. The luxury market in 2025 could see a significant change now that we are out of the election year and economic stability increases confidence with buyers. Also, keep in mind that if interest rates begin to fall significantly, home prices can increase. If you're ready to add an exceptional property to your portfolio, contact us today!