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Vacation Rental Properties for Sale in Island Park, Utah
Island Park stretches along Highway 20 between the western edge of Yellowstone and Henry's Lake, and it's built almost entirely around the seasonal visitor economy. That makes it one of the few spots in the Intermountain West where a cabin bought as a short-term rental can realistically cash-flow through both winter and summer. Snowmobilers fill the corridor from December through March, riding straight out of driveways onto groomed trail systems connecting to West Yellowstone, and then fly-fishing families and Yellowstone-bound travelers take over from June through September. Properties near Big Springs, Mack's Inn, or along the Buffalo River tend to book fastest because of direct river or trail access. Fremont County has no zoning that blocks short-term rentals countywide the way some Utah mountain towns do, though individual subdivisions can carry their own covenants, so confirming rental restrictions on a specific parcel before writing an offer matters. Most rental cabins here run from simple two-bedroom A-frames near $400,000 to newer six-plus bedroom log homes over $1.5 million, with furnishings, hot tubs, and snowmobile garages factored into asking prices more often than in a typical residential market. Because this is Idaho-adjacent but marketed heavily to Utah buyers, comparing cap rates against similar cabins in Island Park versus Utah's own mountain towns is worth doing before you commit to a range. Browse the active listings below to see what's currently on the market.
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
3
active + pending
3 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.