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Active

367Days on Market

$8,300,000

$3,074/sqft+8.8%/yrHome values in the 84028 zip code have grown an average of 8.8% per year over the last 5 years.

$7,760,000↑$540,000 (7%)Aug 15

New Construction

Price history — protected

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About This Property

I'm interested

Rare large-scale development opportunity in the heart of Bear Lake. This 29.3-acre parcel in Garden City is fully entitled and approved for 194 residential units with nightly rental zoning already in place, offering a true shovel-ready opportunity for developers looking to move quickly in a high-demand destination market. Ideally positioned with direct access to the adjoining golf course and surrounded by lake, mountain, and valley views, the property supports a wide range of development possibilities including resort-style living, short-term rentals, or a thoughtfully planned residential community. Infrastructure has already been initiated with road construction completed for 29 pads, utilities available, and water shares included. Priced at less than $43,000 per door, this offering represents one of the most compelling cost-per-unit opportunities currently available in the Bear Lake area. With entitlements secured and strong year-round tourism demand, this is a rare chance to develop at scale in a rapidly growing recreation market. Contact agent for full development package, approvals, and due diligence materials.

Unit Breakdown

Type 1

0 bath

$0/mo

Total Actual Rent

$0/mo

Location

Estimated Monthly Payment

$44,078/mo

Down Payment$1,660,000 (20%)

Principal & Interest$42,096

Property Tax$426/mo

Insurance (est.)$1,556/mo

Est. Total$44,078/mo

Based on 20% down, 6.529% rate, 30-yr fixed. For estimation only.

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MLS# 2002052• Tax ID: 360400055

Courtesy of Blaine D Larsen, KW Success Keller Williams Realty (North Ogden) · 801-452-5413 · blainedlarsen@kw.com

Property data from UtahRealEstate.com. Home value index from Zillow Research (zillow.com/research/data). Walkability data from Walk Score. Rent estimates from Rentometer. Public records (owner + loan) from the Salt Lake County Recorder; loan rate estimated from FRED's 30-yr average at origination month, balance assumes a 30-yr fixed with no extra payments. Property valuations by Rocco Value. Information deemed reliable but not guaranteed.