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504 First St

Wallace, ID 83873

6 beds
4 baths
5,058 sqft
3,920 sqft lot
$257 per sqft
1920 build
– on site

Fully Restored Historic Mansion with year-round natural creek featuring over 5,000 sqft of finished living space with high ceilings including 6 bedrooms, 4 bathrooms, a large office with original floor-to-ceiling leaded glass bookcases, a professional gourmet chef's kitchen, expansive formal dining room, stained glass, walk-in pantry/coffee or breakfast area, second-story sunroom with additional sunny private sleeping quarters, opulent and luxurious master bath suite featuring imported Italian tile and marble, billiards/game room with bar, hidden small room behind secret bookcase, expansive garages/workspace and more. Extensive porches and elevated outdoor living space for entertaining or dining al fresco while enjoying the sounds of the stream running the length of the property. Secondary living quarters with separate outside entrance for mother-in-law, AirBnB, college student or other incoming producing use. Several large storage rooms, paved off-street parking, and two-car attached garage. Located in Wallace, Idaho with festivals nearly every weekend and nestled between two ski resorts, Look Out Pass and Silver Mountain. This home truly is a dream and in arguably the most charming small town in North Idaho.

Listing courtesy of CDAMLS / Kelly Right Real Estate

Last checked: Checking… • Last updated Jun 2, 2025 •

MLS# 25-5575 —

The Building

Year Built:

1920
Year Built Effective:

2024
New Construction:

No
Construction Materials:

Wood, Brick, Frame
Builder Name:

None
Roof:

Composition
Accessibility Features:

None
Window Features:

None
Patio And Porch Features:

None
Direction Faces:

None
Common Walls:

No Common Walls
Roof -Comp Shingle:

true
Basement:

Finished, Walk-out
Basement Finished:

true
Foundation Details:

Concrete Perimeter
Foundation -Concrete:

true
Exterior -Wood:

true
Exterior -Brick:

true
Stories:

None
Building Area Total:

5058.0
# of Units Total:

None

Interior

Interior Features:

Dryer Hookup - Elec, DSL Available, Fireplace, High Speed Internet, Satellite, Washer Hookup
Rooms Total:

None
Security Features:

None
Flooring:

Wood, Tile, Stone
Flooring -Tile:

true
Flooring -Wood:

No
Flooring -Stone:

true
Fireplaces Total:

None
Fireplace:

No
Fireplace:

true
Fireplace Features:

None

Room Dimensions

Living Area:

5058.0

Location

Directions:

Located at 1st Street & Bank Street
Latitude:

47.47147
Longitude:

-115.931844

The Property

Parcel Number:

B0300004001A
Property Type:

Residential
Property Subtype:

Site Built < 2 Acre
View:

Mountain(s), Territorial, River, Neighborhood
Lot Features:

Corner Lot, Level, Open Lot
Lot Size Acres:

0.09
Lot Size Area:

0.09
Lot Size SqFt:

3920.4
Zoning:

Residential
Current Use:

None
Possible Use:

None
Topography:

None
Pasture Area:

None
Wooded Area:

None
View:

true
Fencing:

None
Waterfront Features:

Lot Type 2
Waterfront:

false
Water Source:

Public
Road Responsibility:

Public Maintained Road
Road Surface Type:

Paved
Additional Parcels Description:

2241
Flood Zone:

No

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

4846.0
Tax Legal Description:

WALLACE MALLONS ADD 24-48-4 LOT 1 N 1/2 OF LOT 2 BLK 4

Beds

Bedrooms Total:

6

Baths

Total Baths:

4
Total Baths:

4.0
Full Baths:

None
Three Quarter Baths:

None
Half Baths:

None
Quarter Baths:

None
Partial Baths:

None

The Listing

Virtual Tour URL Branded:

None

Heating & Cooling

Cooling:

No
Cooling:

None
Heating:

Natural Gas, Wood, Forced Air, Fireplace(s), Furnace
Heating:

true
Heating -Forced Air:

true
Furnace:

true

Utilities

Utilities:

None
Electric:

None
Water -City:

true
Sewer:

Public Sewer
Sewer - City Sewer:

true

Appliances

Appliances:

Electric Water Heater, Washer, Refrigerator, Range/Oven - Gas, Microwave, Dryer, Electric, Disposal, Dishwasher
Appliances -Dishwasher:

true
Appliances -Disposal:

true
Appliances -Washer

true
Appliances -Dryer Electric:

true
Appliances -Electric Water Heater:

true
Refrigerator:

true
Range Oven -Gas:

true
Microwave:

true
Washer Hookup:

true
Dryer Hookup - Electric:

true

Schools

Elementary School:

None
Elementary School District:

None
Middle Or Junior School:

None
Middle Or Junior School District:

None
High School:

None
High School District:

Wallace - 393

The Community

Subdivision Name:

N/A
Spa Features:

None
Pool Features:

None
Pool Private:

No
Association Amenities:

None
Association:

false
Association Fee:

$None

Parking

Garage:

No
Garage Spaces:

None
Carport:

No
Carport Spaces:

None
Covered Spaces:

None
Parking Features:

None
Exterior Features:

Curbs, Landscaping, Lighting, Open Deck, Open Patio, Open Porch, Paved Parking, Rain Gutters, RV Parking - Open, Satellite Dish, Sidewalks, Fencing - Full, Lawn
Attached Garage:

true

Monthly cost estimate

Asking price

$1,300,000

Expense	Monthly cost
Mortgage	$6,961
Taxes	$403
Insurance	$357
Utilities	$209 See report
Total	$7,930/mo.^*
	^*This is an estimate

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From

Walk Score®

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Bike Score®

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Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
5/31/25 May 31, 2025	Listed / Active	CDAMLS	$1,300,000

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Similar sold homes

This house located in Wallace, ID 83873 is currently for sale for $1,300,000. 504 First St is a 5,058 square foot house with 6 beds and 4 baths that has been on Estately for 18 days. This house is in the attendance area of Silver Hills Elementary School and Wallace Jr-Sr High School.

Listing Courtesy of: CDAMLS and Kelly Right Real Estate.

IDX information is provided by the Coeur d’Alene Multiple Listing Service exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.