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Investment Properties for Sale in Lake Point, Utah
Lake Point sits at the foot of the Oquirrh Mountains where I-80 meets SR-36, about 25 minutes from downtown Salt Lake City when traffic cooperates. For investors, that geography is the whole story: it's close enough to the SLC job market to draw reliable commuter tenants, but priced well below anything on the Salt Lake County side of the point of the mountain. Lots are bigger, taxes run through Tooele County (generally lighter than Salt Lake County), and the buyer pool for resale skews toward families priced out of Stansbury Park, Magna, and the southwest valley. That combination has made rental math here work in years when it stopped working closer to the city.
The inventory that hits the market as investment-grade tends to be single-family homes on quarter-acre to one-acre lots, a handful of horse properties off Saddleback and Marina Drive, and older homes near the original Lake Point townsite that work as fix-and-hold plays. Cap rates typically run higher than Salt Lake County comps, though appreciation has historically been steadier than spectacular — Lake Point is more of a cash-flow market than a flip market. Be aware of well and septic on the rural parcels, water shares on anything with pasture, and the canyon wind that funnels through the area. Browse the active listings below to see what's currently available and what the numbers look like on each property.
May 2026 · Lake Point market
Live from the Utah MLS — what's actually happening in Lake Point right now.
Median sale
$599,990
3 closed in May 2026
Median DOM
29 days
listing → contract
Sale-to-list
100.3%
of final list price
Unsold inventory
22
active + pending
3 matching · page 1 of 1
Active listings
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Common questions
About investment properties in Lake Point.
What kinds of investment properties show up in Lake Point? ▾
Most of what trades here falls into three buckets: single-family rentals on larger lots (often a quarter to a full acre), small horse properties that command premium rents from equestrian tenants, and the occasional duplex or home with a legal basement apartment. True multifamily is rare — Tooele County zoning skews residential and agricultural, so single-family rentals are the bread and butter.
How do rents in Lake Point compare to the Salt Lake side? ▾
Rents run roughly 10-15% below comparable Salt Lake County suburbs, but purchase prices are also lower, which is why the cap rates pencil better here than in Daybreak or Herriman. Three-bedroom single-family homes typically rent in a range that supports positive cash flow when you're putting down 20-25%, depending on rate environment.
Who rents in Lake Point? ▾
Tenants tend to be commuters working at the Kennecott/Rio Tinto operations, the Utah Motorsports Campus, the growing warehouse and logistics corridor along I-80, and Hill AFB contractors who don't mind the drive. Families looking for yard space and a slower pace also make up a solid share of the renter pool.
Are short-term rentals (Airbnb/VRBO) allowed in Lake Point? ▾
Lake Point sits in unincorporated Tooele County, and short-term rental rules are stricter than most investors expect — overnight rentals under 30 days generally require a conditional use permit, and enforcement has tightened as the area has grown. Verify with Tooele County Planning before underwriting a deal on STR income.
What should I watch for during due diligence out here? ▾
Three things specifically: water rights and shares (especially on the larger-lot and horse properties), septic system age and condition since not every property is on sewer, and wind exposure — the stretch between Stansbury and the lake gets hammered by canyon winds, which affects roof and siding lifespans. A local inspector who knows Tooele County is worth paying for.
How's appreciation looked in Lake Point over the past few years? ▾
Lake Point has tracked Tooele County overall, which has outpaced Salt Lake County in percentage terms during recent cycles because the entry price was so much lower. The completion of the Midvalley Highway and continued I-80 corridor industrial growth are the two drivers most local investors point to for the next leg.