One of the Last Great Development Opportunities Overlooking Bear Lake One of the last large remaining privately owned development properties overlooking Bear Lake is now being offered for sale. Opportunities of this scale, location, and development potential rarely come to market. Kentucky West Estates encompasses approximately 142.5 contiguous acres across seven parcels on the desirable northwest side of Bear Lake, approximately two miles south of St. Charles, Idaho. Situated on an elevated bench, the property commands sweeping panoramic views of Bear Lake's world-renowned turquoise waters and the surrounding mountain ranges, creating one of the most remarkable development settings in the Intermountain West. Unlike many remaining properties around Bear Lake that have already been subdivided or incorporated into existing developments, Kentucky West Estates remains one of the few large privately owned landholdings capable of supporting a thoughtfully designed master-planned community overlooking the lake. A Truly Unique Location Kentucky West Estates offers an extraordinary combination of natural assets that is increasingly difficult to find anywhere in the Mountain West. From the property, residents and visitors can experience panoramic views of Bear Lake while also enjoying direct access to the vast Uinta-Wasatch-Cache National Forest. This unique setting places two of the region's greatest recreational resources at the doorstep of a future community. Few remaining development properties offer the opportunity to move seamlessly from boating, paddleboarding, sailing, and fishing on Bear Lake to hiking, mountain biking, horseback riding, ATV and UTV adventures, hunting, wildlife viewing, camping, snowmobiling, and exploring more than one million acres of protected national forest-all from a single destination. This rare combination of lake, mountain, and forest access creates an experience that cannot easily be replicated. A Market Driven by Strong Demand Known as the "Caribbean of the Rockies," Bear Lake has become one of the Intermountain West's premier four-season recreational destinations, attracting more than one million visitors annually. The area's turquoise waters, outdoor recreation, and proximity to northern Utah continue to generate strong demand for vacation homes, resorts, and destination communities. The property is approximately 12 miles from Bear Lake County Airport and within a day's drive of Salt Lake City, Park City, Jackson Hole, Grand Teton National Park, Yellowstone National Park, and Sun Valley, making it highly accessible to residents and visitors throughout the western United States. Exceptional Development Potential Several years ago, Bear Lake County granted Kentucky West Estates a conditional-use permit contemplating a master-planned community of up to 496 residential units, subject to satisfying county requirements, including adequate water, sewer infrastructure, and secondary access. Prospective purchasers should independently verify the current status of all approvals, zoning, governmental requirements, utilities, and development standards through their own due diligence. The property's exceptional size, elevated topography, panoramic views, and unique recreational setting create an opportunity to develop far more than a traditional subdivision. A visionary mixed-use master-planned community could thoughtfully integrate residential neighborhoods, boutique commercial amenities, hospitality, gathering places, parks, walking trails, and recreational facilities into a destination that complements the character and beauty of Bear Lake while creating lasting value for generations to come. Flexible Acquisition Opportunities Recognizing the significance of this offering, the seller is willing to consider a variety of acquisition structures for qualified purchasers, including traditional acquisitions, phased purchases, seller financing, joint ventures, and strategic development partnerships. In addition, t
