The Flats at Teton Peaks Condominiums 201 E Ross Ave 8 Unit Apartment Building $3,112,000 ($389,000/Unit) Driggs, ID 83422
INVESTMENT HIGHLIGHTS
- The Flats at Teton Peaks offers investors a rare opportunity to secure a newly constructed eight-unit condominium in serene Driggs, Idaho.
- Boasting striking exteriors made of corrugated metal, stone, and pre-painted composite, the buildings fuse modern mountain living with modern design.
- 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.
- Community amenities such as playgrounds, pavilions, and pickleball courts will benefit residents and foster a vibrant neighborhood atmosphere.
- 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 solution for both homeowners and investors! The Flats at Teton Peaks is central to local outdoor adventure, the culinary scene, restaurants, the magnificent Grand Tetons and the renowned "Grand Targhee Ski Resort"! In addition, the famous town of Jackson Hole Wyoming is only 40 miles away! Whether you are acquiring a single condominium, 8-plex building or multiple 8-plex buildings,....The Flats at Teton Peaks is ideal for all buyers and investors, offering a unique, hassle-free opportunity 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 front load stacked washers and dryers, a ducted VTAC HVAC heating and cooling system for year-round comfort, window blinds, LED recessed lighting, 9-foot ceilings and common area with pickle-ball court, Gazebo, fenced dog walking area and large grass area. The exterior finishes offer aesthetic appeal with corrugated metal, stone, and pre-painted composite siding along with plenty of landscaping!
Phase 1: is nearly sold out with only 3 units available!
Phase 2: is underway, with Four "8-plex" buildings (32 total units), slated for completion June 2025. Prices are only $389,000 per door with an opportunity to get a $30,000 discount on limited units. Bulk pricing is also available. Contact the agent for more information.
General Information:
- 184 unit Condominium project
- Five total phases over the course of the next 2–3 years
- Pricing is $389,000 per condominium *with optional $30,000 discount on certain units. *Contact agent for details.
- Phase 2 will be available June 2025.
- 1031 exchange, Cash, portfolio financing, certain Conventional financing. *Contact agent for details.
- Each unit has: 2 beds, 2 full baths, ducted HVAC heating and cooling systems, 9' ceilings, quartz countertops throughout, LED recessed lighting, stainless steel appliances, full-size front load washer/dryer, full size 50-gallon water heaters, window blinds.
- HOA $200 per month: Water, sewer, garbage, landscape maintenance, snow removal, Internet, insurance on exterior of buildings.
- Common area with: gazebo, grass play area, pickle-ball court, and a large fenced dog walking area.
- Located 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.
Each unit will come with contemporary amenities, including quartz countertops, luxury vinyl plank (LVP) flooring, a comprehensive stainless steel appliance package, full-size front load stacked washers and dryers, a ducted VTAC HVAC heating and cooling system for year-round comfort, window blinds, LED recessed lighting, 9-foot ceilings and common area with pickle-ball court, Gazebo, fenced dog walking area and large grass area. The exterior finishes offer aesthetic appeal with corrugated metal, stone, and pre-painted composite siding along with plenty of landscaping!
Phase 1: is nearly sold out with only 3 units available!
Phase 2: is underway, with Four "8-plex" buildings (32 total units), slated for completion June 2025. Prices are only $389,000 per door with an opportunity to get a $30,000 discount on limited units. Bulk pricing is also available. Contact the agent for more information.
General Information:
- 184 unit Condominium project
- Five total phases over the course of the next 2–3 years
- Pricing is $389,000 per condominium *with optional $30,000 discount on certain units. *Contact agent for details.
- Phase 2 will be available June 2025.
- 1031 exchange, Cash, portfolio financing, certain Conventional financing. *Contact agent for details.
- Each unit has: 2 beds, 2 full baths, ducted HVAC heating and cooling systems, 9' ceilings, quartz countertops throughout, LED recessed lighting, stainless steel appliances, full-size front load washer/dryer, full size 50-gallon water heaters, window blinds.
- HOA $200 per month: Water, sewer, garbage, landscape maintenance, snow removal, Internet, insurance on exterior of buildings.
- Common area with: gazebo, grass play area, pickle-ball court, and a large fenced dog walking area.
- Located 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.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 8 | - | 800 |
Bike Score®
Very Bikeable (81)
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Teton Thai | Thai | $$ | 14 min walk |
| Tatanka Tavern | Pizza | $ | 14 min walk |
| Wrap & Roll | Deli | $ | 16 min walk |
RETAIL |
||
|---|---|---|
| First American Title | Insurance | 13 min walk |
| KeyBank | Bank | 14 min walk |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $11,928 | |
| Land Assessment | $811,085 | Total Assessment | $823,013 |
SALE ADVISOR
SALE ADVISOR
Travis Greene, Associate Broker
(208) 201-9953
Contact
Travis Greene is the Associate Broker of South East Idaho's elite Real Estate Brokerage, Idaho Agents Real Estate, formerly Team Greene Real Estate. Travis has been providing real estate services to clients for over 20 years, and he ensures a seamless and successful real estate experience for his clients! Travis Greene is a member of the National Association of Realtors, past president of the Upper Valley Association of Realtors, and an Award winner from USDA for working with first-time home buyers. Travis worked as an exclusive and dedicated home "Buyer Specialist" for over eight years of his career; he works hard to reach his client's goals and meet their needs, and in 2024, he was awarded "Idaho's Best Realtor of the Year"! A trusted resource!
