bds
|
ba
|
sqft
ac lot
|
car garage
|
|
Investment Properties for Sale in Fish Lake, Utah
Fish Lake sits at roughly 8,800 feet in the Fishlake National Forest, about 3.5 hours south of Salt Lake City and an hour west of Richfield. It is Utah's largest natural mountain lake — six miles long, drawing anglers chasing splake, lake trout, and tiger musky from May through October, then snowmobilers and ice fishermen once Highway 25 freezes over. Most of the shoreline is federal land, so private real estate is limited to a handful of cabin tracts, the Lakeside and Bowery Haven areas, and surrounding parcels in Sevier and Piute counties. That scarcity is the entire reason investment property here pencils out: short-term rental supply cannot grow much, and demand from Wasatch Front families looking for a weekend cabin is steady.
Investors typically look at three plays around Fish Lake — a nightly-rental cabin marketed on Airbnb and VRBO, a long-term rental in nearby Loa, Lyman, or Koosharem for forest service and ranch workers, or raw acreage held for appreciation as Wayne and Sevier counties continue to draw retirees and remote workers. Cabin prices generally run from the mid $300s for older A-frames up past $900K for newer log builds with lake access. Snow load, septic systems, well shares, and seasonal road closures on the back routes all factor into the numbers in ways they would not on a Washington County rental. Browse the active listings below to see what is currently on the market.
April 2026 · Fish Lake market
Live from the Utah MLS — what's actually happening in Fish Lake right now.
Median sale
$1,100,000
1 closed in April 2026
Median DOM
290 days
listing → contract
Sale-to-list
73.3%
of final list price
Unsold inventory
2
active + pending
1 matching · page 1 of 1
Active listings
Prefer the map?
See all 1 investment properties on a map
Pan around Fish Lake and refine by drawing your own boundary.
Common questions
About investment properties in Fish Lake.
Can you legally run a short-term rental at Fish Lake? ▾
It depends on whether the cabin sits on private deeded land or a Forest Service recreation residence permit. Permitted cabins through the USFS cannot be rented commercially — that is a hard rule. Privately owned parcels in Sevier or Piute County can usually be operated as nightly rentals, but verify zoning and any HOA covenants in tracts like Lakeside before you write an offer.
What kind of nightly rental income do Fish Lake cabins generate? ▾
Well-managed lakefront or near-lake cabins typically book 90-130 nights a year at $250-$450 per night, with the strongest weeks falling during the summer fishing season, the fall pageantry of Pando aspen turning gold, and holiday weekends. Winter brings snowmobile renters but at lower rates. Gross revenue in the $35K-$60K range is realistic for a well-furnished 3-bedroom.
Are there long-term rental options nearby instead of vacation cabins? ▾
Yes — Loa, Lyman, Bicknell, and Richfield all have small long-term rental pools serving teachers, healthcare workers at Sevier Valley Hospital, and ranch hands. Cap rates tend to run higher than along the Wasatch Front because purchase prices are lower, though tenant turnover and the smaller labor pool are real considerations.
What should I know about utilities and access at a Fish Lake cabin? ▾
Most cabins run on propane, septic, and either a private well or a shared community well. Highway 25 is plowed in winter, but side roads into some cabin tracts are not, so guests often park and use snowmobiles or UTVs to reach the property from December through March. Factor propane delivery costs and winterization into your operating budget.
How does altitude affect construction and insurance costs here? ▾
At 8,800 feet, snow loads on roofs are significant — county code in this zone typically requires 70-90 psf design. That drives up build costs and means older cabins sometimes need roof upgrades. Insurance carriers also price in wildfire risk given the surrounding national forest, so get a quote before closing rather than after.
Is raw land around Fish Lake a reasonable hold? ▾
Buildable private parcels are rare and tightly held, which is the appeal. Lots that do come up in Johnson Valley, Koosharem, or the Fremont River corridor have appreciated steadily as Wayne County's profile rises with Capitol Reef tourism. Just confirm water rights, access easements, and septic feasibility before treating any parcel as a sure thing.