515 S 1st Ave, Hailey, ID 83333

$870,000
Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 1,032 Lot Size (sq. ft.): 10,800 Status: Active
Current Price: $870,000 List Date: 12/21/2025 Last Modified: 3/06/2026

Description

Old Hailey Character: Transitional Zoning. Ideal for professional offices, or a residence, or both. Oversized garage and space for an additional building ADU. Or, start new with a multi-family building. Basement could be converted to additional living or work space. Real Pine hardwood floors. Large quarter-acre. Lots of parking. Mature landscaping. Spacious buffer from neighbors. Alley access.

Supplements: Welcome to a charming 2-bedroom, 1-bathroom log home that embodies Old Hailey. This property showcases original real pine wood floors and features a metal roof that adds both durability and character. Home Features The large entryway welcomes you into an ample and cozy living space, an ample living room, and two rooms that could be for living or professional offices. The spacious kitchen offers stainless steel appliances, including a 5-burner gas oven/range (about four years new). The basement serves as a utility hub, housing the laundry area, a gas forced air furnace (approximately 10 years new), and plenty of storage for all your belongings. Stay comfortable year-round with an air conditioning system (about 10 years new). Additionally, a gas water heater and Ecobee smart thermostat ensure efficient energy management. Garage and Parking The oversized garage, measuring 816 square feet, is finished and insulated, featuring three windows that illuminate the space. Accessible through both a man door and two overhead doors, the garage is equipped with a gas forced air furnace, providing comfort in colder months. An expansive driveway and ample parking in front of the home cater to your vehicle needs and guests. Lot and Location Set on a generous quarter-acre lot, this property boasts mature trees and landscaping that provide a spacious buffer from neighbors, enhancing your privacy. Convenience is at hand with alley access, and walkable to everything in town. The transitional zoning offers flexibility for residential use or low-traffic business opportunities, such as professional offices, while maintaining the charm of a residential neighborhood. There's also room for an accessory dwelling unit, perfect for guests or additional rental income. Transitional Zoning uses include: - Accessory Dwelling Units (ADUs) - Cottage Developments or Dwelling Units - Mixed-Use Developments - Multi-Family Developments - Single-Family Dwellings - Tiny Homes on Wheels - Community Centers - Government Offices - Healthcare and Medical Services - Performing Arts Centers - Religious Institutions - Schools & Day Care Centers - Social Services - Food Preparation for off-site catering, dining, and retail trade - Health and Fitness Facilities - Lodging: Bed and Breakfast, Boarding and Rooming Houses - Offices, Retail, Personal Services - Residential Care Facilities - Garages This property represents a unique blend of classic character and practicality, all in a prime location with development potential. Don't miss your chance to own a piece of Old Hailey! Home - 2-bedrooms, 1-bathroom, entry, kitchen - Basement offers laundry, mechanical, lots of storage - Gas Forced Air furnace approx. 10 years new - Air Conditioning approx. 10 years new - Stainless appliances, including 5-burner gas oven/range approx. 4 years new - Washer / Dryer approx. 4 years new - Gas water heater - Extra insulation in interior walls for privacy - Ecobee smart thermostat Garage - Oversized 816 SF - Three windows, man door and 2 over head doors - Gas forced air furnace - Finished, Insulated - Metal roof - Plenty of parking in driveway and in front of home Lot - Quarter-acre parcel - Room for an Accessory Dwelling Unit - Beautiful lot with mature trees - Buffered from neighbors - Alley access - Across from Hailey Elementary - Transitional Zoning allowing for residential, and development that maintains a residential feel

More Information MLS# 25-333897

Location Tax and Misc

Current Price: $870,000 Sub Type: Single Family Residence Area: Hailey Street Number: 515 Street Direction Pfx: S Street Name: 1st Street Suffix: Ave State/Province: ID Zip Code: 83333 County: Blaine Subdivision: Hailey Townsite Assessor's Parcel #: RPH0000009006A List Price: $870,000

General Property Description

New Construction: No Bedrooms: 2 Studio/Loft: Other Baths: 1 Total SqFt Livable: 1032 SF Bsmt - Unf: 450 SF Garage: 816 SF Deck: 164 SF Per: Other Year Built: 1942 Yr Remodeled Cmplete: 2021 Waterfront: No Furnished: Not Included Geo Lat: 43.515546 Geo Lon: -114.311177

Contract Info

Status: Active List Date: 2025-11-29 Start Showing Date: 2025-12-08 Concession Negotiable: No Directions: Located between E Elm and E Chestnut across from Hailey Elementary School.

Property Features

Zoning: H/TD Road Surface: Paved Road Access: Public Water: City Connected Sewer: City/Public Power: Electrical Features Exterior: Deck; Fence; Infill Lot; Landscaping; Near Park; Views Land Ownership Type: Fee Simple Construction Type: Site-built (Stick) Style: 1 Story; 1 Story Basement; Log; 1st Floor Primary Specialty Rooms: Foyer/Entry; Laundry Basement: Crawl; Non-Egress Windows; Partial; See Realtor Remarks Garage: 2 Car; 3 Car; 4+ Car; Detached; Extra Storage; Finished; Heated; Insulated Features Interior: Air Conditioning; Main Flr Primary Bdrm; Progrmabl Thermostat; Wood Flooring Items Included: Dishwasher; Oven - Gas; Range - Gas; W/D Hookups Heat: GFA Water Heater: Electric Exterior Finish: Log Roof: Metal Documents: Plat Other Disclosures: Lead Base Paint Terms: Cash; New Loan
Listing Office: Windermere Real Estate - SV
Listing Agent: Anna Mathieu
Last Updated: March - 06 - 2026
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