108 powerline rd

Gorgeous sunset views on popular Cape Horn! Enjoy all that Priest Lake has to offer in this classic 3Bed/1Bath Priest Lake waterfront cabin on an extra large IDL leased lot (1.37 acres) The large deck showcases the views north, west and south. With approx 150 feet of frontage. Large wood burning fireplace and electric heat for the chilly nights. Great location near Indian Creek Boat launch & store. The $199K purchase price is for the CABIN ONLY. The current lot appraised at 1.358 Million by the state of Idaho The current state lease for the lot runs through the end of 2024 and there is an option to buy the lot in Fall of '2025. New owners have the option to extend the lease 5, 10, or 15 years. Annual lease rate in 2025 is $54,000. Cash offers only.