1884 E Shepard Ln, Lake Point, UT 84074
Local realty services provided by:Better Homes and Gardens Real Estate Momentum
Listed by: ryan j konen, charlotte a konen
Office: real broker, llc.
MLS#:2096777
Source:SL
Price summary
- Price:$1,500,000
- Price per sq. ft.:$520.83
About this home
Rare Lake Point Duplex with Acreage, Mountain Views & Horse Property Rights. Discover a rare investment or house-hack opportunity in beautiful Lake Point! This charming 1.10-acre duplex offers the freedom of no HOA, horse property rights, and incredible potential-live in one unit and rent out the other, or keep both as part of your growing portfolio. Built in 2001 and lovingly maintained by the original owners, each unit includes a one-car garage, central air and heat, and Kinetico filtered water at the kitchen sink, plus a shared water softener. Both units feature walkout unfinished basements with exterior entries-a rare setup that provides the opportunity to finish and add even more rental income down the road. Enjoy peaceful, rural living with open mountain views and plenty of space for animals, trailers, or future development. The City of Lake Point may allow an ADU on the excess land in the future (buyer to verify). You'll love being just 25 minutes from Salt Lake City, with easy I-80 access, Lake Point Park nearby, and a bus stop less than half a block away. This property is one of only five grandfathered duplexes in Lake Point-a true limited inventory gem. Annual gross income is approximately $44,590, with a 2024 NOI of $38,600 and both leases secured through 2026. The sale includes two separate water rights for culinary and irrigation use. This duplex may be sold alone or alongside the nearby 0.18-acre buildable lot (MLS# 2096867), making it ideal for investors or those pursuing a 1031 exchange. Don't miss this chance to own one of Lake Point's rare multi-unit properties!
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Home facts
- Year built:2001
- Listing ID #:2096777
- Added:130 day(s) ago
- Updated:November 15, 2025 at 12:06 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Living area:2,880 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas: Central
Structure and exterior
- Roof:Asbestos Shingle
- Year built:2001
- Building area:2,880 sq. ft.
- Lot area:1.1 Acres
Schools
- High school:Stansbury
- Middle school:Tooele
- Elementary school:Old Mill
Utilities
- Water:Culinary, Water Connected
- Sewer:Sewer Connected, Sewer: Connected
Finances and disclosures
- Price:$1,500,000
- Price per sq. ft.:$520.83
- Tax amount:$4,053
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