Garden City, UT, 84028
$8,300,000
Est. $47,483/mo
- Beds
- 776
- Baths
- 582
- Sq ft
- 2,700
- Built
- 2024
Why this home stands out
About this home
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.
Features
- New construction
Agents
Connect with your buyer agent
Get local guidance on this home from Juston.
Salt Lake County Realtor | Smart Real Estate. Lasting Legacy.
20 yrs experience
Listed by Blaine D Larsen
KW Success Keller Williams Realty (North Ogden)
MLS #2002052
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- Deal score
- Estimated value
- Rental income
Schools
Rich- North Rich
Elementary
- Rich
Middle School
- Rich
High School
Home details
Property
- Type
- Residential
- Style
- > 4 Units
- Year built
- 2024
- New construction
- Yes
- Stories
- 0
- Subdivision
- SWEETWATER RESORT
- County
- Rich
- MLS #
- 2002052
Costs
- List price
- $8,300,000
- Original price
- $7,760,000
- Annual taxes
- $5,116
- Home warranty
- No
Lot and parking
- Lot
- 29 ac
- Covered spaces
- 0
- Total parking
- 0
Systems
- Water
- Culinary
- Sewer
- Sewer: Available
All home details39 details
Property Info
- Property Type
- Residential
- Property Style
- > 4 Units
- MLS #
- 2002052
- County
- Rich
- Subdivision
- SWEETWATER RESORT
- Year Built
- 2024
- New Construction
- Yes
- Stories
- 0
- Total Rooms
- 0
- Living Area
- 2,700 sq ft
- Lot Size (Acres)
- 29.3
- Lot Size
- 1,276,308 sq ft
Bedrooms & Baths
- Bedrooms
- 776
- Total Bathrooms
- 582
Financial
- List Price
- $8,300,000
- Original Price
- $7,760,000
- HOA
- No
- Annual Taxes
- $5,116
- Home Warranty
- No
Lot & Land
- Waterfront
- No
- Horse Property
- No
Parking
- Garage
- No
- Carport
- No
- Covered Spaces
- 0
- Total Parking
- 0
- ADU
- No
Amenities
- Fireplace
- No
- Pool
- No
- Spa/Hot Tub
- No
Utilities
- Water Source
- Culinary
- Sewer
- Sewer: Available
- Utilities
- Electricity Available,Sewer Available
Schools
- Elementary
- North Rich
- Middle School
- Rich
- High School
- Rich
- Elementary District
- Rich
Timeline
- Listed
- May 30, 2024
- Days on Market
- 367
- Status
- Active
Garden City market
Explore Garden CityGarden City median
$525,000
This home: 1481% above
Days to sell
163
Utah: 70
Homes for sale
162
Price range
$65k – $4.4M
Sale to list
95%
Market
Buyer's market
Common questions
About this property, Garden City, UtahWhat is the asking price for this property, Garden City?
this property, Garden City is listed at $8,300,000 ($3074/sqft). The original list price was $7,760,000, representing a increase of $540,000. This listing is currently active and available for showings.
Is this property, Garden City a good deal?
Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 25/100. This analysis considers price relative to comparables, days on market, price reductions, and market conditions.
What lifestyle features does this property, Garden City offer?
Propaired's AI has identified 5 lifestyle features for this property: Golf Community, Scenic Views, New Construction, Large Acreage, Short-Term Rental. The primary lifestyle niche is "golf_community." These tags are derived from MLS data, property features, and location analysis.
What schools serve this property, Garden City?
Assigned schools: Elementary: North Rich; Middle: Rich; High: Rich. School district: Rich.
Is this property, Garden City in a flood zone?
This property is classified as low. Flood insurance is not typically required but may be recommended. Always verify current FEMA maps as they are periodically updated.
How does this listing compare to the Garden City market?
this property, Garden City is listed at $8,300,000, which is above the Garden City median of $525,000 by $7,775,000. There are currently 162 active listings in Garden City. Homes in Garden City sell in an average of 163 days. The average sale-to-list ratio is 94.8%.
All 8 questions
What would homeowner's insurance cost for this property, Garden City?
Homeowner's insurance in Utah typically ranges from 0.3% to 0.5% of the home's value annually. For a home listed at $8,300,000, expect approximately $24,900-$41,500/year ($2,075-$3,458/month). Get multiple quotes — rates vary significantly by insurer.
Could this property, Garden City be a 1031 exchange property?
Yes, this property, Garden City could potentially qualify for a 1031 like-kind exchange if used as an investment or business property. A 1031 exchange allows deferral of capital gains taxes by reinvesting proceeds from one investment property into another. Key requirements include identifying a replacement property within 45 days and closing within 180 days. The property must be held for investment purposes — personal residences do not qualify. Consult a qualified intermediary and tax advisor for specific guidance.
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