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    30 And Otter Crk Dr Laketown, UT 84038

    For Sale
    $16,144,000

    1792 Acres, Lake Views, Approved for 1792 Units

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1,792-acre property in Laketown, Utah, presents a unique investment opportunity. Located at the intersection of Highway 30 and Otter Creek Drive, in Rich County, zip code 84038 (latitude 41.8072181, longitude -111.2498226), this expansive land parcel boasts breathtaking views of Bear Lake. The property is zoned for a mixed-use development, with pre-approved plans for 1792 units encompassing single-family homes, multi-family dwellings, and commercial spaces. This allows for a diverse and potentially highly profitable development strategy. The asking price is $16,144,000. A significant advantage is the inclusion of water shares, ensuring ample water resources for the planned development. The property's location in a popular tourist destination, known for its scenic beauty and recreational activities, promises strong potential for both residential and commercial success. This is a rare chance to acquire a large-scale development site with pre-approved plans and abundant water rights in a highly desirable location. The property's size and versatility make it ideal for a large-scale project, offering significant returns on investment. Serious inquiries only.

    Property Features for 30 And Otter Crk Dr

    General Information

    Property type
    Land
    Lot Size
    78,059,520 SF

    HighLights

    • 1,792‑acre mixed‑use development site in Laketown, UT (zip code 84038).
    • Located at Highway 30 & Otter Creek Drive, Rich County, with Bear Lake views.
    • Pre‑approved plans for 1792 units (single‑family, multi‑family, & commercial).
    • $16,144,000 asking price, includes ample water shares.
    • Highly desirable location in a popular tourist destination.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Laketown
    County
    Rich
    State
    Utah
    Longitude
    -111.2498226
    Latitude
    41.8072181

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    FAQs

    What type of property is this?
    Land - 1792 Acres, Lake Views, Approved for 1792 Units
    Where is this land located?
    The property is located at 30 And Otter Crk Dr Laketown, UT.
    What is the asking price?
    The asking price for this property is $16,144,000.
    What are key features of this property?
    This property features: 1,792-acre mixed-use development site in Laketown, UT (zip code 84038).; Located at Highway 30 & Otter Creek Drive, Rich County, with Bear Lake views.; Pre-approved plans for 1792 units (single-family, multi-family, & commercial).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    30 And Otter Crk Dr Laketown, UT 84038
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