Acreage, Garage, Lake Access, Income Potential
Three Buildings, Mountain Views, Private Well on 2 Acres — $119,000
6
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 7 | 2 acres, mountain + lake views, ADU, heated shop garage, private well, fenced |
| Condition | 25% | 5 | "Require further work to finish" signals incomplete renovation; no system dates given |
| Price / Sq Ft | 15% | 6 | Listing $95/sqft vs zip median ~$100/sqft; ~5% below median, thin 2-comp data |
| Price vs. Market | 5% | 4 | Listing $119K vs median $119,965 — essentially at market; 1 comp, very thin |
| Market Conditions | 5% | 5 | DOM 70 median vs 22 here; sale-to-list 100%, 19.8% price drops — neutral/mild buyer signal |
The address says Ocean View Road, and it delivers. From this nearly 2-acre lot in rural Pavillion, Wyoming, you get mountain views in one direction and water views of Ocean Lake in the other. That combination on a private well with a fenced perimeter would be a fair deal at this price on its own. The fact that the property comes with three separate buildings is what makes you stop.
The main house is 1,256 square feet, built in 1998, with fully segmented rooms rather than an open layout. One bedroom, one bath. Enough space for one person or a couple who want to live in Wyoming and have room to breathe outside. The ADU is the second building, with its own kitchen and bathroom. That is a functional guest house, a rental unit, or a place for family. The third building is a heated shop garage with lighting already in place. Three independent structures on two acres with well water in high desert Wyoming is a specific and useful setup.
Here is the honest part: both the house and the ADU need work. The listing says they "require further work to finish," which is agent language for renovation that stopped somewhere short of done. There are no dates on any systems. You are walking into an unfinished situation, and the price needs to be weighed against what it will actually cost to get these buildings to livable. The shop is the most functional thing on the lot right now.
At $119,000, you are essentially at market for this area based on thin comparable data. So the price does not represent a discount. What it represents is the cost of entry into a two-acre parcel in Wyoming with views, a well, a shop, and an ADU that could pay you back once the work is finished. If you have the bandwidth to see a project through, this is a property that could end up doing several things at once. If you need move-in ready, this is the wrong call entirely.
