Lookout on East Gros Ventre Butte
360-degree views of the Teton, Gros Ventre, Elk Refuge and Town of Jackson.

Lookout on East Gros Ventre Butte

$2,500,000
/ MLS# 17-3273
East Gros Ventre Butte
Land Property Type
45.8 Acres

Property Description

45.8 acres of wild and scenic land on East Gros Ventre Butte with 360-degree views overlooking the Teton Range, National Elk Refuge, Gros Ventre Range and the Town of Jackson, WY. The parcel is located in the natural and scenic resource overlay, which aims to protect the wildlife and opens space in Teton County. It is a corridor property into and out of the Town of Jackson, adjacent to the National Elk Refuge and considered a sensitive wildlife area for mule deer and sage grouse. The opportunity for a transfer of development rights exists to a non-contiguous parcel including placing this parcel into a conservation easement.

Four scenarios exist:

#1 End-User
With a 2+/- acre building envelope in the northwest corner, private property owner would have a commanding view of Jackson Hole. The end-user could consider placing the other 43+/- acres into a conservation easement.

#2 Transfer of Development Rights / Rural Planned Residential Development (PRD)
Current Teton County land development regulations allow for a density transfer of the development entitlements on the property to non-contiguous parcels (zoned R1 or R2) for both residential and commercial use. Depending on the size of the receiving parcel it can be subdivided to create three to four additional lots that can be sold fee simple.

#3 Family Compound / Floor Area Ratio Transfer
Transfer of three accessory units (ARUs) of up to 5,000 sqft each to a receiving parcel for a maximum development of 23,086 sqft. Great opportunity to build out a family compound.

#4 Conservation Buyer
The adjacent parcels to the north are already in conversation easements. This is an opportunity to protect another 45.8 acres for its wildlife and scenic value.

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