8048 PARK MEADOW Unit 002 Lake Point, UT 84074

Rare Find: This is a .18 acre build lot fenced in on three sides. The big selling point of this property is that this is a rare piece of land in established Lake Point that is not a part of the HOA. Land is rarely up for sale to private individuals in Lake Point, it is typically reserved for builde...rs. Great mountain view on your future back porch with no obstructions and is an established neighborhood. .65 water share is associated with this lot, .45 will go to culinary and that leaves a good amount left over for grass and trees. The following can be a positive or a negative for this sale as this is a combo sale with a stabilized duplex just around the corner, so this is a great opportunity for kids, grandkids, parents and grandparents to live in proximity but in separate homes and allows for parents to help their children buy an investment property and to help build for them some investment generating income, while helping them keep an eye on the duplex from their new build home on this land. It is also a great opportunity to buy two pieces of property in the boom town of Lake Point. The new LDS Temple opening in November is only a short 10-minute drive. Water, internet, power and sewer are all stubbed to the land. The gas line is about 75' from the property so that needs to be dug and stubbed in. The gas line is on the neighboring lot still so to stub it to this land should be simple work and the neighboring lot is a lot owned by the seller of this land as well so they will sign off on the right to come onto their land to do that stubbing. This seller plans on doing a 1031 exchange in combination with this and the duplex listing and both must be sold together or very close in time, meaning this land must be purchased with the duplex listing just aroundthe corner and that needs to be a part of the 1031 exchange, too, so they basically have to be purchased together. The duplex MLS # is 2006857 Continue reading