Garden City, UT
Property Description
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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $8,300,000 |
| No. of Units: | 194 |
| Year Built: | 2024 |
| Lot Size: | 2,700.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $42,784 |
| Property Website | Click Here |
| Number of Bedrooms: | 776 |
| Number of Bathrooms: | 582 |
ID: 3yd-WFRMLSUT-2002052
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