The Flats at Teton Peaks Condominiums | 201 E Ross Ave
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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 avenue for homeownership and investment opportunities for everyone while being central to outdoor adventure, the culinary scene, restaurants, and the mountain atmosphere! Whether you are acquiring a single condominium or a few at a time, an eight-unit building or multiple buildings, The Flats at Teton Peaks is ideal for all buyers and investors, offering a unique, hassle-free investment opportunity while addressing the growing demand 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 stackable washers and dryers, a ducted VTAC HVAC system for year-round comfort, window blinds, LED recessed lighting, and 9-foot ceilings. The exterior offers aesthetic appeal with corrugated metal, stone, and pre-painted composite siding.
Currently Phase 2 is underway, with the first buildings slated for completion in early 2025. Prices are only $389,000, and there is an opportunity to get a $30,000 discount on certain limited units held for workforce housing and non-short-term rental use. Contact the agent for more information.
- 184 unit Condominium project
- Five total phases over the course of the next 2–3 years
- Pricing is $389,000 per condominium = $3,112,000 per 8-plex building.
- Phase 2 is coming April-May 2025
- Phase 2 units are all under construction to be completed and ready to start the closing process in the spring of April – May 2025.
- 1031 exchanges are acceptable
- Each unit is a 2 bed, 2 full bath, ducted HVAC systems, 9' ceilings, quartz countertops throughout, LED recessed lighting, stainless steel appliances, full-size washer/dryer, full size 50-gallon water heaters
- HOA $200 per month: Water, sewer, garbage, landscape maintenance, snow removal, Internet, insurance on exterior of buildings
- Park area with gazebo, play area, pickleball court, and a large fenced dog walking area.
- 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 stackable washers and dryers, a ducted VTAC HVAC system for year-round comfort, window blinds, LED recessed lighting, and 9-foot ceilings. The exterior offers aesthetic appeal with corrugated metal, stone, and pre-painted composite siding.
Currently Phase 2 is underway, with the first buildings slated for completion in early 2025. Prices are only $389,000, and there is an opportunity to get a $30,000 discount on certain limited units held for workforce housing and non-short-term rental use. Contact the agent for more information.
- 184 unit Condominium project
- Five total phases over the course of the next 2–3 years
- Pricing is $389,000 per condominium = $3,112,000 per 8-plex building.
- Phase 2 is coming April-May 2025
- Phase 2 units are all under construction to be completed and ready to start the closing process in the spring of April – May 2025.
- 1031 exchanges are acceptable
- Each unit is a 2 bed, 2 full bath, ducted HVAC systems, 9' ceilings, quartz countertops throughout, LED recessed lighting, stainless steel appliances, full-size washer/dryer, full size 50-gallon water heaters
- HOA $200 per month: Water, sewer, garbage, landscape maintenance, snow removal, Internet, insurance on exterior of buildings
- Park area with gazebo, play area, pickleball court, and a large fenced dog walking area.
- 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
| Price | $3,112,000 | Building Class | B |
| Price Per Unit | $389,000 | Construction Status | Under Construction |
| Sale Type | Investment | Building Size | 6,400 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment |
| Price | $3,112,000 |
| Price Per Unit | $389,000 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Construction Status | Under Construction |
| Building Size | 6,400 SF |
| No. Stories | 2 |
| Year Built | 2025 |
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 |
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!
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Travis Greene -
Idaho Agents Real Estate
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The Flats at Teton Peaks Condominiums | 201 E Ross Ave
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