With the recent launch of the Loffs Bay Estates website, a unique development opportunity has now presented itself in one of America’s fastest growing resort towns. Located in Coeur d’Alene, Idaho, Loffs Bay Estates is a 40-acre parcel of scenic mountain property that has the potential to be a very lucrative development prospect and provide real estate developers with a very high return on such an investment.
There’s no doubt that what makes residential development in Loffs Bay Estates so desirable is the rapid rate in which the Coeur d’Alene area is growing. What was once a small mining town in the northern panhandle of Idaho has now blossomed into the second largest metropolitan community in the state and arguably one of the “go-to” cities to vacation or retire in the United States.
The substantial increase in the Coeur d’Alene tourism industry can be attributed to the numerous resorts in the area and the rise in golfing culture. The Coeur d’Alene Resort Golf Course is now considered to be one of the top courses in the entire United States and is actually home to the world’s first and only movable floating island green. But golfing isn’t the only outdoor recreational activity to do around Coeur d’Alene. Two major ski resorts are also located near the area and the expansive Lake Coeur d’Alene enables both tourists and residents alike to enjoy an array of water sports and boating activities.
Real estate developers interested in the Loffs Bay Estates property have the option to subdivide the land into separate lots with no more than 5 acres per lot, or use the land to build a dream family compound that provides plenty of acreage of some of the best mountain outlooks money can buy. Just some of the favorable aspects of the Loffs Bay Estates land for sale include its close proximity to the Loffs Bay boat launch and the fact that the land is utility ready for electricity and phone lines. In addition, the Loffs Bay Estates parcels are also well-water ready and conveniently located adjacent to state-owned wilderness preserves–ensuring the immediate surroundings will always retain the true natural beauty.
Recently, Money Magazine voted Coeur d’Alene as one of the “Best Places to Retire Young,” with Barbara Walters referring to the area as “a little slice of heaven.” As Coeur d’Alene continues to grow, development opportunities are becoming harder and harder to find, so anyone interested in developing Loffs Bay Estates should act fast.
According to census statistics, Coeur d’Alene’s population grew by nearly 10,000 people from 2000 to 2010, while median home or condo values grew over $87,000 from 2000 to 2009.
For more information on the scenic mountain property for sale in Coeur d’Alene or to learn how you can invest in Loffs Bay Estates, contact Louise Study at (312) 981-2072.