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$8,300,000

776
beds
2,700
sqft
2024
year built

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.

Highlights

  • Residential
  • Multi Family
  • New Construction
  • Built in 2024
  • 29.3 Acre Lot
  • 898 days on Market

  • Bedrooms
    776
  • Year Built
    2024
  • Living Area
    2700.0
  • Cooling
    None
  • Heating
    None

  • Acres
    29.3
  • Utilities
    Sewer Available, Electricity Available

  • Area
    Garden Cty; Lake Town; Round
  • County
    Rich
  • City
    Garden City
  • Neighborhood
    SWEETWATER RESORT
  • Zip Code
    84028
  • High School
    Rich
  • Middle School
    Rich
  • Elementary School
    North Rich

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Frequently Asked Questions

How do I schedule a tour of ?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to .

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about ?

Click Ask a Question to talk with our team. You already know it is a 776 bed, N/A bath, listed for $8,300,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Garden City, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for ?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for at around $47,660. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy ?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Rich County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for ?

In most cases, yes. Whether is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Garden City's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on ?

We can handle that for you. Our preferred local agent specializes in residentials in Garden City and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $8,300,000 with 2,700 sqft of space—that comes out to approximately $3,074 per square foot.

How long has this property been on the market?

was listed on May 29, 2024, which means it's been on the market for 898 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 2024, making it approximately 2 years old.

What is the lot size of this property?

sits on a 29.3-acre lot, which is 1,276,308 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: North Rich
  • Middle: Rich
  • High: Rich

Want to see how these schools compare? Check out our Rich County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for ?

The most recent public record shows annual property taxes for were approximately $5,116. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of November 13, 2026 at 10:10PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: November 13, 2026 at 10:10PM | Source: UtahRealEstatecom | MLS#: 2002052