Rare Dual-Structure Property in Old Town Hailey

Located in the heart of Old Town Hailey, this rare dual-structure property blends historic charm with modern flexibility. The cottage offers warmth and character, while the 2007-built second dwelling provides a bright, contemporary space with vaulted ceilings. With separate entrances and alley access, ideal for rental income, live/work, or multi-generational living. 2 garages + storage. There's something special about Old Hailey. The mature trees. The historic cottages. The ability to leave your car parked and walk to coffee, dinner, the farmers market, or a concert in the park. It's the kind of neighborhood people talk about moving to for years before they finally do. What makes 413 N 1st Avenue different is that it doesn't force you into one path. Live comfortably in the guest house while you restore the original home. Create rental income while planning your future build. Hold it as an investment while you decide what's next. The property gives you flexibility today and possibilities for tomorrow. And now, with a significant price improvement, that opportunity has become even more compelling. Don't let it slip away.