8
See all 8 photos
$1,295,000
Est. payment /mo
9.13 Acres Lot
New
1550 W COVE VIEW RD Richfield, UT 84701
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Key Details
Property Type Vacant Land
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Valley Ridge Twin Homes
MLS Listing ID 2190836
HOA Y/N No
Annual Tax Amount $3,227
Lot Size 9.130 Acres
Acres 9.13
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type Multi Family
Property Description
Rare 9+ Acre Twin-Home Development Opportunity in Richfield, Utah! Builders, developers, and investors-capitalize on the opportunity to develop Valley Ridge Twin Homes, a thoughtfully planned residential community featuring 38 planned multifamily lots on approximately 9+ acres in a highly desirable location adjacent to Cove View Golf Course. With Planning Commission and City Council approvals already secured, the project is awaiting completion of final engineering. This is an exceptional opportunity to advance a residential development featuring generous lot sizes, spectacular Monroe Mountain views, and a sought-after recreational location. ENGINEERED BUILDING PLANS IN PLACE - The proposed home design features approximately 4,140 square feet per twin-home side, combining spacious living with practical features tailored to today's buyers. The open-concept floor plan includes 10-foot main-level ceilings, main-level living, three bedrooms, two full bathrooms, and 9-foot basement ceilings. A standout feature is the oversized three-car garage, designed to accommodate two vehicles plus a golf cart, ATV, side-by-side, or additional recreational storage. This distinctive design offers an appealing combination of space, functionality, and recreational versatility rarely found in a twin-home layout. FLEXIBLE MARKETING POTENTIAL - Each twin-home side can be marketed separately with its own listing, offering flexibility in how the finished homes are brought to market. Individual parcel numbers and property addresses are expected to be assigned to each lot upon recording of the final subdivision plat. DEVELOPMENT STATUS - Planning Commission and City Council approvals have been secured, and the project is awaiting completion of final engineering. This represents a significant step forward in the development process while leaving the final engineering and subdivision recording stages to be completed. AN EXCEPTIONAL RECREATIONAL LOCATION - Situated adjacent to the 18-hole Cove View Golf Course, Valley Ridge offers convenient access to some of Utah's best ATV and side-by-side trails, as well as Fishlake National Forest, renowned for fishing, hunting, camping, and year-round outdoor recreation. Residents can enjoy beautiful Monroe Mountain views, nearby schools, shopping, everyday conveniences, and convenient freeway access for travel throughout Central and Southern Utah, including destinations such as Moab and St. George. POSITIONED FOR FUTURE GROWTH - As rising housing costs in Utah's major population centers encourage buyers to explore communities beyond the Wasatch Front and southern Utah, Richfield offers an appealing combination of small-town living, affordability, recreational amenities, and convenient regional access. Its outdoor lifestyle and central location make it an attractive market for buyers seeking more space and a different pace of life. Valley Ridge Twin Homes offers builders and investors an opportunity to position themselves in this market with a thoughtfully planned residential development in a desirable location. THE OPPORTUNITY - Valley Ridge Twin Homes brings together scale, municipal approvals, engineered home plans, distinctive home designs, and a sought-after golf course location. With 38 planned multifamily lots and a home design tailored to buyers who value spacious living and recreational storage, this development offers an opportunity to create a distinctive residential community in Richfield. Whether you are a builder looking to bring a new community to market or an investor evaluating your next residential project, Valley Ridge Twin Homes deserves your consideration. Buyer to verify subdivision status, final engineering, plat recording, zoning, utilities, lot configuration, building plans, development requirements, and all applicable approvals.
Location
State UT
County Sevier
Area Central Sevier
Zoning Multi-Family
Interior
Fireplace No
Exterior
Utilities Available Natural Gas Available, Electricity Available, Sewer Available
View Y/N Yes
Present Use Multi-Family
Private Pool No
Building
Lot Description View: Mountain
Sewer Sewer: Available
New Construction No
Schools
Elementary Schools Ashman
Middle Schools Red Hills
High Schools Richfield
School District Sevier
Others
Senior Community No
Tax ID 1-11-16
Acceptable Financing Cash, Conventional, Seller Finance
Listing Terms Cash, Conventional, Seller Finance
Listed by Equity Real Estate (Advisors)
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