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  • $184,000

    464 E Velvet Rub Rd, Malad City, ID 83252

    --beds
    --baths
    2.5Acres
    Residential
    Built in ----
    2.5 Acres Lot
    $255,100 Zestimate®
    $--/sqft
    $38/mo HOA

    What's special

    Abundant wildlifeTowering pinesBreathtaking mountain views
    Build your dream mountain retreat in the highly sought-after Malad Summit, affectionately known by locals as "God Country" for its breathtaking mountain views, towering pines, abundant wildlife, and endless outdoor recreation. This exceptional property is truly build-ready, with many of the costly and time-consuming improvements already completed. A shared well serving only one other lot has been drilled, recorded with the county, and equipped with a new continuous pressure system for reliable water service. A newly installed, insulated septic system is stubbed and ready for connection. Power and fiber internet are available at the lot, while the driveway, road base, and major excavation work have already been completed. The site is prepared for a modular, manufactured, or stick-built home, with additional excavation already in place for a future ADU, guest house, shop, or other improvements. Simply bring your home, install a propane tank, and begin enjoying mountain living. This desirable subdivision offers outstanding flexibility, allowing manufactured homes, modular homes, stick-built homes, ADUs (with county approval), and short-term rentals, making it an excellent opportunity for both a private mountain getaway and an income-producing investment property. The HOA is minimal and primarily focused on maintaining the roads, entrances, and shared amenities. Annual HOA dues are approximately $150 per acre, totaling roughly $450 per year. Enjoy year-round access with an easy commute while being surrounded by some of Southern Idaho's most spectacular scenery. Outdoor enthusiasts will love the nearby hiking, ATV and UTV trails, horseback riding, fishing streams, reservoirs, hunting, and thousands of acres of public recreational land. With an estimated $65,000-$75,000 already invested in site improvements, this property offers tremendous value while allowing you to bypass much of the expense, time, and hassle associated with preparing raw land. Whether you're looking to build your forever home, a vacation retreat, or an investment property with short-term rental potential, this rare offering checks all the boxes. Don't miss this opportunity to own a ready-to-build mountain property in one of Idaho's most scenic and desirable recreational communities. Be sure to check out the video tour! Buyer to verify all information.
    18 hours
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    25
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    2
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    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Amy Rupp 435-760-3286,

    Berkshire Hathaway Home Services Intermountain Properties

    Source: PCTMLS,MLS#: 582934MLS Logo

      Facts & features

      Property

      Lot
      • Size: 2.5 Acres
      Details
      • Parcel number: RP0281939
      • Zoning description: City Zoning: Residential,County Zoning: Residential Rural

      Utilities & green energy

      • Water: Well-Private

      Community & HOA

      Community
      • Subdivision: Elkhorn Ridge
      HOA
      • Has HOA: Yes
      • HOA fee: $450 annually
      Location
      • Region: Malad City

      Financial & listing details

      • Tax assessed value: $50,000
      • Annual tax amount: $250
      • Date on market: 6/25/2026
      • Listing terms: Cash,Conventional

        Estimated market value

        $255,100

        $176,000 - $352,000

        $773/mo

        Price history

        DateEventPrice
        6/26/2026Listed for sale$184,000
        Source: UtahRealEstate.com #2168266 Report a problem
        4/29/2026Listing removed$500
        Source: Zillow Rentals Report a problem
        4/8/2026Listed for rent$500
        Source: Zillow Rentals Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$261 +8.6%$50,000
        2023$240 -14.8%$50,000
        2022$282 +79.1%$50,000 +100%
        2021$157 +31.2%$25,000 +39.9%
        2020$120 +2960.2%$17,875 +3092%
        2019$4 +4.3%$560 -5.1%
        2018$4 -4.1%$590 +15%
        2017$4 +11.4%$513
        2016$4 -4.3%$513
        2015$4 -9.8%$513
        2014$4 $513

        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 83252

        Getting around

        0 / 100
        Car-Dependent
        19 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Malad
        • Middle: Malad
        • High: Malad

        Source: PCTMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

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