Cascade Reservoir Homes with Two Story w/ Below Grade Stories

Welcome to Cascade Reservoir, a picturesque subdivision nestled in the heart of Donnelly, Idaho, where nature’s beauty meets modern living. This stunning area is renowned for its breathtaking views and recreational opportunities, making it an ideal destination for families, outdoor enthusiasts, and anyone seeking a serene lifestyle.

Cascade Reservoir is perfectly situated near the shimmering waters of the reservoir, offering residents easy access to a plethora of activities, from boating and fishing to hiking and biking on the surrounding trails. The community is characterized by its friendly atmosphere and a strong sense of belonging, making it a wonderful place to call home.

One of the standout features of homes in this subdivision is the availability of two-story residences with below-grade stories. These thoughtfully designed homes provide ample space for families, with multiple levels that enhance both privacy and communal living. The below-grade stories often serve as versatile spaces, perfect for a home theater, game room, or additional guest accommodations. With large windows and open layouts, these homes are flooded with natural light, creating a warm and inviting ambiance.

In Cascade Reservoir, you’ll find a perfect blend of comfort and style, with properties that reflect the beauty of the surrounding landscape. Whether you’re sipping coffee on your deck while soaking in the mountain views or hosting friends for a barbecue in your spacious backyard, life in this enchanting subdivision is nothing short of magical. Discover your dream home in Cascade Reservoir, where adventure awaits just outside your door!

Newest Cascade Reservoir Homes with Two Story w/ Below Grade Stories

$3,490,000

5 Beds ⋅ 6 Baths ⋅ 7,189 SqFt. ⋅ 3.1 Acres ⋅ 98981966 MLS

Perched above Lake Cascade, this custom mountain retreat offers panoramic lake views from every bedroom and the great room. Located just minutes from Tamarack Resort, the home provides significantly more space and privacy than many in-resort properties, while maintaining convenient access to year-round recreation. A spacious deck and hot tub overlook the water, creating an ideal setting to relax and take in the scenery. Designed for gathering and entertaining, the home features a massive great room with expansive windows framing the lake and mountain views, generous living spaces, a large bonus room, and a sauna. The 40x30 garage with 12x16 doors offers ample room for boats, RVs, snowmobiles, and gear. Set on 3.1 private wooded acres, the property offers 7,189 sq ft of living space and a rare combination of scale, privacy, and proximity to Tamarack, Lake Cascade, skiing, golf, and year-round outdoor recreation. Currently operating as a short-term rental, the home is offered fully furnished and turnkey.

1505 Bear Rock Trail, Donnelly

$999,500

3 Beds ⋅ 3 Baths ⋅ 2,045 SqFt. ⋅ 1.112 Acres ⋅ 98980761 MLS

Experience elevated mountain living in this private, year-round retreat just minutes from Tamarack Resort. Surrounded by nature and designed for comfort, this property offers panoramic Lake views enjoyed from the expansive wrap-around deck—perfect for morning coffee or sunset entertaining. A nearby new marina will feature boat slips, fuel services, rentals, and lakeside food and beverage options with cabanas. Inside, the open-concept living space showcases hardwood floors, granite countertops, and a fireplace insert. The main-level primary suite offers a walk-in closet and private bath, while the upper level includes two bedrooms, a full bath, and a versatile loft ideal for guests, office, or media space. The lower level adds a multipurpose room, cool-storage pantry, and premium infrastructure including reverse osmosis, tankless water heater, propane furnace, and water tanks. Additional highlights include an artesian well, backup generator, fire pit, ample RV/toy parking, no HOA, and vacation rental appeal.

1539 West Mountain Rd, Donnelly

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