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Property Detail

East Ross Avenue
The Flats at Teton Peaks offers investors a rare opportunity to secure a newly constructed.
$389,000

Description

  • The Flats at Teton Peaks offers investors a rare opportunity to secure a newly constructed eight-unit condominium in serene Driggs, Idaho.
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  • Boasting striking exteriors made of corrugated metal, stone, and pre-painted composite, the buildings fuse modern mountain living with modern design.
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  • Driggs is a haven for outdoor enthusiasts, surrounded by the breathtaking Teton, Big Hole, and Snake River Mountain ranges.
  • Each unit features quartz countertops, luxury vinyl plank flooring, and an appealing appliance package, ensuring a comfortable living experience.
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  • Community amenities such as playgrounds, pavilions, and pickleball courts will benefit residents and foster a vibrant neighborhood atmosphere.
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  • Seize the opportunity to invest in a brand-new residential community minutes from downtown Driggs and just over an hour to Jackson Hole.

Executive Summary

The Flats at Teton Peaks is a captivating new condominium development in Driggs, Idaho. This development features an affordable avenue for homeownership and investment opportunities for everyone while being central to outdoor adventure, the culinary scene, restaurants, and the mountain atmosphere! Whether you are acquiring a single condominium or a few at a time, an eight-unit building or multiple buildings, The Flats at Teton Peaks is ideal for all buyers and investors, offering a unique, hassle-free investment opportunity while addressing the growing demand for comfortable and affordable housing.

Each unit will come with contemporary amenities, including quartz countertops, luxury vinyl plank (LVP) flooring, a comprehensive stainless steel appliance package, full-size stackable washers and dryers, a ducted VTAC HVAC system for year-round comfort, window blinds, LED recessed lighting, and 9-foot ceilings. The exterior offers aesthetic appeal with corrugated metal, stone, and pre-painted composite siding.

Currently Phase 2 is underway, with the first buildings slated for completion in early 2025. Prices are only $389,000, and there is an opportunity to get a $30,000 discount on certain limited units held for workforce housing and non-short-term rental use. Contact the agent for more information.

- 184 unit Condominium project
- Five total phases over the course of the next 2–3 years
- Pricing is $389,000 per condominium = $3,112,000 per 8-plex building.
- Phase 2 is coming April-May 2025
- Phase 2 units are all under construction to be completed and ready to start the closing process in the spring of April – May 2025.
- 1031 exchanges are acceptable
- Each unit is a 2 bed, 2 full bath, ducted HVAC systems, 9' ceilings, quartz countertops throughout, LED recessed lighting, stainless steel appliances, full-size washer/dryer, full size 50-gallon water heaters
- HOA $200 per month: Water, sewer, garbage, landscape maintenance, snow removal, Internet, insurance on exterior of buildings
- Park area with gazebo, play area, pickleball court, and a large fenced dog walking area.
- Near recognized locations such as Grand Teton National Park, Yellowstone Park, Grand Targhee Ski Resort, Jackson Hole, Wyoming, Palisades Reservoir, Island Park, and Snake River.

The Flats at Teton Peaks Condominiums

Listing ID : 00799

SKU: 799

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Price History

DateEventPrice
December 11 2024Listed$389,000.00