Land with Home for Sale in Island Park, Idaho

Set on 3.31 acres with stunning views of Island Park Reservoir, this fully furnished mountain retreat offers luxury, flexibility, & investment potential without the HOA restrictions & costs often associated with reservoir-area properties. The 2,486 sqft home features 5 bedrooms and 3.5 bathrooms, thoughtfully designed for personal enjoyment & successful short-term rental use. Warm mountain character blends with modern comfort, creating an inviting year-round retreat. Currently operating as an income-producing vacation rental, this turnkey property offers immediate revenue potential. Designed with accessibility & long-term functionality in mind, the home includes a ramp entrance, wheelchair-accessible shower, accessible vanity, main-level primary suite, and main-level laundry. Proactive building features include a high-producing private well, an oversized septic, an EV charging station, & a basement for entertaining, currently set up as a bunkhouse basecamp. Expansive outdoor living spaces capture incredible Island Park sunsets, with a covered wrap-around deck, a hot tub, a fire pit, & room to expand, add a shop or garage. The property's location offers direct access to IP Res in minutes, Henry's Lake, Yellowstone, Montana, and endless recreation opportunities from the driveway.