The fortune and misfortune of Bonanza Ranch in Coeur d'Alene, Idaho

By
Real Estate Agent with Keller Williams Realty Coeur d'Alene AB37665

 

 

Back in the 60's someone platted out a little subdivision in the woods aboBonanza Ranchve the north eastern end of Lake Coeur d'Alene and named it Bonanza Ranch.  Yes, that Bonanza Ranch.  Roads have names like Hoss, Little Joe and Cartwright, so it must have been someone who enjoyed the old western TV series back in the day. This is the area of the lake that is famous as a regional destination for watching the bald eagles who come every fall to feast on spawning Kokanee salmon.  I don't know much of the history, except that at some point early on the county declared that no more septic permist would be issued because the ground didn't perk.  There are a few homes that are grandfathered in, and then there are dozens, maybe hundreds, of platted lots about .20 acres that can't be built upon.

In recent years big shops have sprung up on some of these lots.  Yes, men in north Idaho love their Man Caves.  There are some lots with greenhouses, and there are storage sheds.  There are some with just "stuff" on them.  Oh, all rght, let's just say it like it is.  Junk.  Although Bonanza Ranch is situated in a beautiful wooded area with easy lake access, the presence of such random fixtures on the lots in the neighborhood makes it less than desirable for the mainstream.  You could say that Bonanza Ranch is the poster child for a neighborhood that does not have a HOA, or anything like unto it.  However, for a substantial segment of the north Idaho population, this lack of any controls makes Bonanza Ranch pure paradise.  North Idahoans certainly do love their property rights.  Dont tread on me. Bonanza Ranch

Many if not most of these lots have been held onto for generations, awaiting the time when they would increase in value.  Without the ability to install septic, that increased value has never materialized.  At any given time there are a few of them for sale, and quite often they are being sold by the estate of someone who was hanging on to the land for decades. Vacant lots greatly outnumber those with any building or structure on them.

The least expensive MLS listing in the entire county is one I currently have listed for sale in Bonanza Ranch on Last Chance Road for $4,500.  For $4,500 you can have a very pretty 1/5 of an acre in the woods with electricity already to the property.  How cool is that!  The other two lots are combined into one parcel of just under 1/2 acre on Wagon Wheel Road for $12,500.  There is no doubt about it that this is pretty darn cheap dirt.  I'm sure these lots will sell to some very grateful people who have a desire for a little piece of land for who knows what purpose.  They always do. 

No need to call me to ask if the seller will finance them for you, he won't.  It's cash on the barrel head for the first buyer to sashay on up to my office.  Yeehaw!

Posted by

Janna Rankin Scharf provides a superior level of real estate service to home buyers and sellers in Coeur d'Alene and Kootenai County, Idaho. Visit www.JannaScharf.com for area information and to search for all homes in the Coeur d'Alene Multiple Listing Service. 

No matter how grand or modest your real estate dreams may be, you can turn to me in confidence.  Give me a call today so I can  be of service to you!

Janna Rankin Scharf AB, GRI, CLHMS, PMN, SFR  208.651.9700

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Comments (7)

Sharon Paxson
Compass - Newport Beach, CA
Newport Beach Real Estate

I absolutely love this area, and have been there the past two summers and think it is incredible. Will definitely follow your blog!!

Aug 10, 2014 01:54 PM
Janna Scharf
Keller Williams Realty Coeur d'Alene - Coeur d'Alene, ID
Coeur d'Alene Idaho Real Estate Expert

Hi Sharon, very nice to meet you.  Stop by my office next time you're in town and say hello!

Aug 11, 2014 02:16 AM
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Janna,

I love Coeur d'Alene. We use to rent a boat every Summer and just ride around when we use to live in Spokane. You are so lucky to be able to enjoy the pristine view on a daily basis.

Aug 11, 2014 03:29 PM
Janna Scharf
Keller Williams Realty Coeur d'Alene - Coeur d'Alene, ID
Coeur d'Alene Idaho Real Estate Expert

Sarah, the same offer I gave to Sharon applies!  Pop in next time you're in town.  I'll treat you to lunch and talk about California referrals.  :)

Nov 17, 2014 03:43 AM
Anonymous
Mr

I have two lots for sale. Asking $2500 each and 4 adjoining lots that have a spring and a pond on them also for sale.
Email brendanbutler@live.com if you are interested.

As I recall Mr. Templin that owned Templins Resort originally platted this land. Before that there was a large fruit orchard that was established on this site around the early settlement timeframe of this area.

Sep 17, 2015 03:48 AM
#5
Anonymous
Otto

Anymore lots for sale? Prices have skyrocketed. The last lot I say for sale was for $12000. A steep increase from 3-5k a few years ago. If you know of some for sale let me know, I have cash on hand. I'm going to grab these lots up and flip them in a few years.
email remember_otto@yahoo.com

Nov 28, 2016 09:45 AM
#6
Anonymous
Robert

Thanks for making it sound like the area is hillbillyville. We have lived here for 30 plus years and love it here. Maybe you should have done a little more research on your Bonanza Ranch piece like the great water system and it close to town.

Mar 03, 2017 08:52 AM
#7

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