8245 W Coeur D Alene Lake Shr

This 5-bedroom, 2-bath waterfront home on Casco Bay stands out for its combination of privacy, direct water access, and group-friendly layout, making it well-suited for high-end short-term rental strategies targeting families and larger groups. Underwriting metrics indicate high expected cash flow and a strong cash-on-cash return, driven by a premium ADR and solid occupancy assumptions. The property’s unique waterfront setting and proximity to city amenities enhance its guest appeal, but the investment thesis depends on maintaining premium rental rates and occupancy. The primary caveat is the elevated purchase price, which requires ongoing strong STR demand to justify returns.

Coeur D Alene, ID is a sought-after waterfront market with strong appeal for vacationers seeking natural beauty and recreational amenities. The property type—a large, private waterfront home—positions it well for premium short-term rental demand, especially among families and groups. The market supports high ADRs, but performance is sensitive to seasonality and competition from other luxury waterfront rentals.

The property’s secluded setting on Casco Bay, combined with proximity to city amenities via a short boat ride, enhances its appeal for guests seeking both privacy and convenience. The large lot and waterfront access are likely to attract high-value bookings, though conclusions about neighborhood-specific demand are moderate-confidence due to limited detailed location signals.

At a $1,695,000 purchase price, underwriting projects a monthly expected income of $22,630 and cash flow of $8,491, with a 30.1% expected cash-on-cash return. These figures are based on a $1,200 ADR, 62% occupancy, 25% expense ratio, and 20% down payment at a 6.4% interest rate. The investment case is strong if premium rental performance is sustained, but returns are sensitive to occupancy and rate assumptions, making ongoing STR demand and operational execution critical to achieving projected outcomes.