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4923 N Cortona
Meridian, ID 83646
55 Resort | Independent Living · Land For Sale
·
6.56 AC
INVESTMENT HIGHLIGHTS
- Unique Resort Lifestyle Opportunity
- Fully Entitled 160 Units
- Located in the Heart of Meridian
EXECUTIVE SUMMARY
55 Resort is a new take on independent living with a true resort lifestyle and vibrant social environment, plus all of the amenities and services retirees and near retirees expect in a senior living community.
The Boise Metropolitan Statistical Area (MSA) is experiencing a significant demographic shift, with retirees increasingly choosing the region for its affordability, natural beauty, and high quality of life. As of 2024, over 123,800 residents aged 65 and older now call the Boise-Nampa MSA home, representing 15.7% of the total population. This marks a steady increase in the senior population, driven by both in-state aging and a strong influx of out-of-state retirees seeking a vibrant yet peaceful retirement destination. With the MSA’s population surpassing 845,000 and continuing to grow, the demand for high-quality senior living options is outpacing current supply. This presents a prime opportunity for developers to meet the rising need for thoughtfully designed, amenity-rich senior living communities that cater to this expanding demographic. Investing in a senior living development site in Boise is not just timely
—it’s essential
The Boise Metropolitan Statistical Area (MSA) is experiencing a significant demographic shift, with retirees increasingly choosing the region for its affordability, natural beauty, and high quality of life. As of 2024, over 123,800 residents aged 65 and older now call the Boise-Nampa MSA home, representing 15.7% of the total population. This marks a steady increase in the senior population, driven by both in-state aging and a strong influx of out-of-state retirees seeking a vibrant yet peaceful retirement destination. With the MSA’s population surpassing 845,000 and continuing to grow, the demand for high-quality senior living options is outpacing current supply. This presents a prime opportunity for developers to meet the rising need for thoughtfully designed, amenity-rich senior living communities that cater to this expanding demographic. Investing in a senior living development site in Boise is not just timely
—it’s essential
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Lot Size | 6.56 AC |
| Lot Size | 6.56 AC |
CBRE is pleased to present 55 Resort. A fully entitled 160 Unit independent living community located at 4923 N Cortona Way in Meridian, Idaho.
DESCRIPTION
55 Resort is an approved development project of an age restricted (55+) senior living community with 160 apartments, 42 detached garages and 122 carport spaces. There will be 2 residential wings of four stories each providing elevators and conditioned hallways anchored by a two-story central amenity building. On site amenities include a senior friendly gym, fitness studio, library, theater, salon, an indoor pool as well as a full spa including a hot tub, sauna, steam room, and massage room. Outdoor amenities include a pickleball court and community gardens.
PROPERTY TAXES
| Parcel Number | R9010680071 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $6,745,300 |
PROPERTY TAXES
Parcel Number
R9010680071
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$6,745,300
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