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Vacation Rental Properties for Sale in Island Park, Utah
Island Park sits along Highway 20 between Ashton and the west entrance of Yellowstone, and its cabin-and-lodge economy runs almost entirely on visitors headed to the park, the Henry's Fork, and Mesa Falls. Most homes here were built with rental income in mind — post-and-beam cabins with bunk rooms, lofts, and hot tubs sleeping ten or more, tucked along the river or backed up to national forest. Because the town has no zoning against short-term rentals and Fremont County has historically been landlord-friendly on that front, a large share of the housing stock is already set up as an active nightly or weekly rental, complete with furniture, linens, and booking history a buyer can review before closing. Winter is the other half of the story: snowmobile traffic out of West Yellowstone and Big Springs keeps cabins booked from December through March, so income here isn't just a summer play the way it is in some mountain towns. Expect property taxes and insurance that reflect a second-home/rental designation rather than owner-occupied rates, well and septic systems on most parcels, and HOA rules in some subdivisions (like Big Springs or Golden Trout) that specifically address minimum stay lengths and rental permits. Prices range from older three-bedroom cabins in the $500s to newer log-and-timber lodges well past $1.5 million depending on river frontage and square footage. Browse the active listings below to see what's currently on the market and which ones come with existing rental history and reservations.
June 2026 · Island Park market
Live from the Utah MLS — what's actually happening in Island Park right now.
Median sale
$1,110,000
1 closed in June 2026
Median DOM
—
listing → contract
Sale-to-list
93.7%
of final list price
Unsold inventory
2
active + pending
2 matching · page 1 of 1
Active listings
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Common questions
About vacation rental properties in Island Park.
Wait — is Island Park in Utah or Idaho? ▾
Island Park is just across the Idaho border, but it's a popular search for Utah buyers because it's an easy drive from Logan, Ogden, and Salt Lake — roughly four to five hours up I-15 and US-20. Many Utah families have owned cabins here for generations, which is why it shows up alongside Utah second-home searches. The market operates on the same MLS feeds Utah agents work with daily.
Can I legally run a short-term rental in Island Park? ▾
Yes — Island Park has long allowed nightly rentals, and it's one of the few mountain destinations in the region without a heavy restriction layer. Fremont County requires a short-term rental permit, lodging tax registration, and septic compliance. Always verify the specific subdivision's CC&Rs, since some HOAs (parts of Shotgun, Aspen Ridge, and a few others) cap or prohibit rentals.
What rental income can I realistically expect? ▾
Cabins sleeping 8–12 within 20 minutes of West Yellowstone typically gross $45,000–$90,000 per year, with summer (mid-June through Labor Day) doing the heavy lifting. Snowmobile season from late December through February is the second revenue pillar. Shoulder seasons are slow, so underwrite conservatively and expect 90–140 booked nights annually.
Which areas rent best? ▾
Anything with quick access to Henrys Lake, Island Park Reservoir, the Buffalo River, or the groomed snowmobile trail system books fastest. Mack's Inn, Last Chance, Ponds Lodge, and the Henrys Lake corridor are the proven performers. Riverfront and lakefront cabins command the highest nightly rates and the longest booking windows.
How's the winter access? ▾
US-20 is plowed and open year-round, but most side roads into subdivisions are not — owners and guests park at a trailhead and snowmobile in from roughly December through April. That's a feature, not a bug, for the sledding crowd, but it means winter guests need to be the right kind of guest. Factor snowmobile-trailer parking into your property choice.
What should Utah buyers know about financing a cabin up here? ▾
Most lenders treat Island Park cabins as second homes or investment properties, which means 10–25% down and slightly higher rates than a primary residence. If the cabin lacks year-round road access or has a non-conforming septic, conventional financing gets harder and you may need a portfolio lender or cash. Talk to a lender familiar with Fremont County rural properties before writing an offer.