Bush Tax Cuts May Expire January 1: Homeowners of $1 M+ Properties Beware
Do you own a home valued over 1 million dollars? Beware! Congress may allow the Bush Tax Cuts to expire on January 1, 2013. What does this mean for homeowners of properties valued over $1,000,000? Capital Gains taxes may rise as high as 20% from the current 15%. CNBC reports that if these go into effect, wealthy home owners could owe millions of dollars more in taxes on their home sales. Because Bush Tax Cuts may expire January 1, Homeowners of $1 M+ Properties are contacting REALTORS across the country, hoping to get their home on the market and sold before January 1.
But don’t panic! Regardless of the rate rise, the $500,000 capital gains exclusion remains in effect. This means that, under the current federal Tax Code, any sales gain of $250,000 or less for single filers and $500,000 or less for married couples filing jointly will still be exempt from capital gains tax. So…is it time to rush right out and sell your $1,000,000+ property? Can you afford to take your time? The best way for you to make that decision is to call The Oetkens! We have our finger on the pulse of the North Idaho Real Estate Market, and we keep a close eye on the news, politics, and other factors that can have a major influence on the Coeur d’Alene Real Estate market. Let’s start by establishing the current market value of your property.
Call us today for a complimentary Comparative Market Analysis.
Once we establish the value of your property, then we can help you determine the wisest course of action based on your specific circumstances. We’re in the business of helping you Own The Lifestyle. We have proven strategies for optimizing your Real Estate Investment Portfolio, and we have the experience, education and expertise you can trust. Call us today! Call
For more information on our local Real Estate Market, visit
Virtual Tour: 10 Acre Country Estate: 3BR/3.5BA Luxury Home, Guest House, 4 Bay Shop
click the graphic above to view the Virtual Tour, or click on the link below to visit the YouTube page for this listing
For a property description, visit 10 Acre North Idaho Estate with 3BR/3.5BA Luxury Home, Guest House & Huge 4 Bay Shop
Country…Music 10 Acre North Idaho Country Estate Stylish Comfort, Grounded Refinement. In 2005, this 5161 sq ft Country Home was nestled in the wooded privacy of this private acreage, close enough to city amenities for convenience, yet far enough out so that you can still sit out on your Open Deck and try to count about a million stars against an inky evening expanse. Family and Friends Gather Here. The open floor-plan demonstrates a commitment to informal togetherness and comfortable familiarity. The Family Table is a prominent feature here in the extra-long 26 ft Dining area off the Great Room. Heart, Home. A Gourmet Kitchen does not need to be stuffy in order to be stylish. Cook & Company alike can enjoy the warm & inviting beauty of this kitchen, adorned by a Trio of Mullioned Palladian View Windows above the Sink. Natural light filters through the French Doors Opening to the Covered Deck. A Massive Granite Island with Prep Sink & Full-Length Breakfast Bar will surely become a favored gathering place. Knotty Alder Cabinetry with Pan Drawers & Pull-Outs keep everything orderly and accessible. Entertaining and food prep are a breeze with this suite of Kitchen Aid Appliances: Wine Cooler, Built in Refrigerator, Double Wall Ovens, 6 Burner Commercial Gas Cook Top with Hood as well as Built In Microwave, Dishwasher & Trash Compactor. Island, Cabinetry, & Appliances are settled atop an expanse of beautiful Hardwood. After dinner, cozy around the Wood-Burning Fireplace in the Magnificent 26×44 Great Room. You cannot imagine how enchanting simple Rock Work can be when it is beautifully fashioned into a massive Floor-to-Ceiling Fireplace wall like this rugged edifice, crowned with Log Mantle. From the Great Room, sliders open to the large, open deck & beautiful woodland & mountain viewing. In-floor Radiant Heat add to the ambiance & efficiency of this space. An upward glance reveals Hand-Hewn Log Stair & Loft Railings &Vaulted Faux-Painted Ceiling. Showcase personal collections or Artwork in the Built-in Niches that adorn the wall space above the Great Room. The Open Loft Living/Sitting Room could serve as a serene Library or Office Area. Also upstairs are Two additional Bedroom “EnSuites” & 14X39 Bonus or Rec Room. Main Floor Master Suite is stunning. Chandeliers gently illuminate the Travertine-Tiled Jetted Tub, Walk-In Shower, “Hubbardton Forge” Mirror & Fixtures. This Bedroom features a HUGE Walk-In Closet. Large Main-Level Laundry/Craft Room has Crackle-Finished Built-in Cabinetry, Pantry & Under-Cabinet Lighting that illuminates a desk-level work counter. This is a well-equipped & flexible work space. A 4 ft Staircase with Hand-Hewn Railing & Treads descends to the Lower Level. This Finished space reveals a Family Room or possible Theater Room with 8’ Ceilings, Radiant Hot Water Heating & Track Lighting. The Old Home Place… The property’s original Bungalow home now serves as a charming Guest House, with Bedroom, Kitchen, Bath, Wood Stove & Covered Porch. It has a dedicated Septic & Drain Field. In addition to the Finished, Insulated & Heated Attached 2 Car Garage on the Main House, the property also features a 50×26 4Bay Insulated & Heated Shop with 8ft Doors. Each Bay measures 10×26. Proudly Presented at $750,000
For more information on this property listing located at 29201 N Hindman, Athol, visit the property listing for this address on our Featured Listings Page:
Text HIND to 72727
Rustic Craftsman Elegance is articulated in an impressive list of posh amenities. 2.4 Acre Harbor View Estate. Single level residence incorporates nature’s finest materials: Granite Counters, Custom Knotty Alder woodwork & Cabinetry & stone rockwork throughout. An exceptionally equipped Gourmet Kitchen is outfitted with an entire Suite of Upscale Appliances, Walk-in Master Suite Steam Shower & 4+ Car Garage are only a few of numerous amenities. Outdoor grounds boast the same attention to excellence and detail with landscape curbing, lush lawn, colorful flora and a lovely mountain view.
Check it out at
- North Idaho Real Estate: Community Waterfront 2.4 Acre Estate in Coeur d’Alene (realestatebrowser.wordpress.com)
- North Idaho Real Estate: Take Advantage LOW Prices on Lake Coeur d’Alene Waterfront (realestatebrowser.wordpress.com)
Craftsman Elegance is articulated in an impressive list of posh amenities.
Superlative Gourmet Kitchen
Granite Counters throughout
Custom Knotty Alder woodwork & cabinetry throughout
Stone Rockwork throughout
Master Suite Steam Shower
Meticulous Landscaping & Lovely Mountain View
Check it out at
Text MEAD to 72727
2-4 Msgs, Text/Data Charges may apply.
- North Idaho Real Estate: Lake Coeur d’Alene View Home with Separate In-Law/Guest Quarters (realestatebrowser.wordpress.com)
- North Idaho Real Estate: Take Advantage LOW Prices on Lake Coeur d’Alene Waterfront (realestatebrowser.wordpress.com)
- Randy and Christy Oetken Quoted about Coeur d’Alene Idaho in Language of Luxury Blog (realestatebrowser.wordpress.com)
Pristine and serene are words that best describe one of the most beautiful lakes in America. Yet, Lake Coeur d’Alene in Idaho is just one of 13 magnificent lakes in a mountainous region that includes the towns of Coeur d’Alene, Sandpoint and Hayden Lake. With 5 ski resorts within a short drive of these towns, the area is steadily gaining a reputation for quality of life that is unsurpassed, especially if you enjoy a full range of winter and summer recreational sports. Located just 30 minutes from Spokane International Airport, the Coeur d’Alene area is not just a destination for vacationers it is a great place to retire or simply call home.
LANGUAGE OF LUXURY BLOG – Language Of Luxury
4538 sq ft
4BR/3.5BA Luxury Craftsman Style Home
This 5.3 Acre Luxury Estate is nestled above peerless Lake Coeur d’Alene just off one of Idaho’s Scenic Byways, Highway 97 & only 8 miles to I90. Trace its path along a meandering shoreline, bedecked with emerald-forested mountains rising above a sublime expanse of ultramarine, North Idaho’s Crown Jewel. Here, the majestic eagles soar on zephyrs of transparent azure. Osprey, royal fishers of the skies, hold court from natural diadems perched above shimmering sapphire.
A craftsman style 4500 sq ft Luxury home nests among towering mountain pines, featuring custom Brazilian Cherry woodwork & flooring, buffed to a soft glow. Granite gourmet kitchen sparkles with a full suite of stainless appliances. Clean elegant lines frame woodland, mountain & lake Coeur d’Alene vistas. Host a proper social gathering in the formal dining room adjacent to the Butler’s Pantry. Sip coffee with the morning paper in the Breakfast Nook. Soak in lake views from the open back deck. Great Room & Family Room Gas Fireplaces warm the heart as well as the hearth. Amenities include fly-tying room, main level master suite with tiled corner jetted tub, & wet bar in the spacious Rec Room area. A Covered Front Porch crowns the much-coveted “North Idaho” exterior, articulated in rustic Rock & Wood accents. A 3-Car Garage & RV parking help you explore this dominion of the divine at a moment’s notice. Boat slip in the gated community dock is also included. Inhabit Nature’s Grandeur.
to schedule your private tour.
Check it out at
- NORTH IDAHO REAL ESTATE: Price Reduction on Lake Coeur d’Alene View Home (realestatebrowser.wordpress.com)
- JUST SOLD: Exquisite Lake Coeur d’Alene View home (realestatebrowser.wordpress.com)
- JUST LISTED: Hauser Lake Waterfront Resort & Restaurant (realestatebrowser.wordpress.com)
- JUST LISTED: Coeur d’Alene Lakefront Parcel with Shop & Dock (realestatebrowser.wordpress.com)
Reminiscent of an English Country Manor, mortared in Rocky Mountain Granite, this singular Lake Coeur d’Alene gated estate has few rivals. While premium waterfront property typically claims no more than a mere acre or two, this massive gated estate is nestled on a full 15 Acres, on 510 feet of deep water lakefront.
Incomparable cerulean lake views from large Palladian picture windows adorn most spaces of the 7330 sq ft 5 Bedroom, 5.5 Bath Main House. Generous expanses of Eastern Butternut hardwood flooring, tongue-in-groove vaulted ceilings & hand-hewn beaming grace the interior of this Cross-gabled Tudor Revival.
Interior hallways and a foyer are founded in Idaho Diamond Plate Rock. Grand Stone Fireplace takes a well-deserved seat of honor in the formal living room. Sun-drenched Palladian picture windows frame a breathless blue Lake View from the exquisite Formal Dining room, featuring a built-in sideboard. Custom “St Charles” cabinetry is augmented in the Gourmet Kitchen, & faces a full suite of appliances, including built-in refrigerator. The chef who masters this domain is treated to another Lake Vista, as well as a large granite island breakfast bar with prep sink & gas Cooktop.
Fairy-tale Master Suite has a Gas Fireplace framed in a charcoal surround with White Mantle & hearth. The restful watery dreamscape is again a dominant focus to this heavenly retreat.
Bonus “Trophy” room is perfect for any prize: from big game or your Biggest Games. Equipped with a “Murphy” bed and its own bathroom, this could also serve as another bedroom or guest room.
Daylight lower level boasts a Home Gym, Wine Room & Theater Room with two rows of theater-style seating. Also included in lower level are 2 full bedrooms with bath, sitting room and secret safe room.
Main Level Family Room features a wood-burning fireplace in a rocked wall with media niche, flanked by two walls of Lake Views, one of which opens onto an Outdoor Patio.
The grounds are beautifully landscaped with paved walkways and stairways, granite rockwork walls, lush shrubbery, colorful flora & Champion-Quality Tennis Court.
The Luxury 1500 sq ft guest house could serve as two separate guest quarters. Main Level has a Rocked Corner Fireplace in the Great Room, Master Suite & Full Granite Kitchen. Upper Level features a Bedroom Suite with Granite Kitchenette. Guest House also features un-impeded Lake viewing.
Scenic patios boast views of Lake Coeur d’Alene and pine-, fir- and tamarack-studded mountains.
By day, bask in sunny North Idaho perfection from the Sandy Beach at the waterfront. Swim fish or launch almost any type of watercraft from the 1110 sq ft, 3-slip Boat Dock with Lift. Gather around the Outdoor Fireplace at day’s end for an evening of star-gazing.
An adorable single-room ‘Duck House’ on the waterfront might be suitable as artist’s studio or a play cabin.
Located five miles from The Golf Club at Black Rock, a world-class members-only community.
Check it out at www.OwnTheLifestyle.com
- JUST SOLD: Exquisite Lake Coeur d’Alene View home
- REAL ESTATE PRICE REDUCTION: Coeur d’Alene Waterfront Vacation Retreat
- Eagles at Lake Coeur d’Alene in record numbers
- JUST LISTED: Coeur d’Alene Lake-View Home with Double Rental Potential!
- JUST LISTED: Coeur d’Alene Lakefront Parcel with Shop & Dock
Take a Virtual Tour of this rarely available
of Windermere Coeur d’Alene Realty today
for more information:
- NORTH IDAHO REAL ESTATE: Price Reduction in Coeur d’Alene’s Indian Meadows Neighborhood (realestatebrowser.wordpress.com)
by Mike Wheatley – 22 September 2011
Luxury home markets are bouncing back, with bidding wars heating up and properties being sold off at increasingly rapid speeds, bucking the trend set by other real estate markets, says a report in the Washington Post.
Properties valued at $1 million-plus have seen price increases of 0.7% since the end of February, compared to a 1.5% decrease in the value of homes under $1 million, according to the latest available statistics from Zillow.com.
“Luxury real estate is the housing market’s star performer right now,” said Zillow’s chief economist Stan Humphries.
In normal times, these two market segments usually move in the same direction, but now they are doing precisely the opposite. One reason is that a Wall Street rebound has helped fuel a desire for luxury homes on Long Island and in Hamptons, says the Washington Post, which has seen closings return to something close to the level they were at in 2007.
Also doing well is the luxury market segment in California’s Silicon Valley, which has seen double the number of home sales on $5 million-plus properties this year as compared to the last, on the back of a tech boom.
Experts add that international buyers are also playing a big part in the luxury housing market’s come back. Florida is a prime example of the foreign invasion of U.S. real estate, where almost a third of buyers are non-U.S. citizens. Throughout the U.S. as a whole meanwhile, foreign buyers have snapped up almost $82 billion worth of real estate in 2010, compared to just $66 billion the year before.
- Housing Market Split Between Very Rich And Everyone Else (huffingtonpost.com)
- Concierge Auctions to Sell Spectacular Martha’s Vineyard Residence at Live Auction on October 14th (prnewswire.com)