Incredible 87 acre property with DEVELOPMENT POTENTIAL. Located near mile marker 137 just 5 miles north of Panguitch, this property is a developers dream: Preliminary approval for a 7-lot subdivision!! The plan calls for SIX 7.5-acre residences and one 43-acre agricultural lot! The agricultural lot has a newly installed irrigation pond, 2 BRAND NEW water wheel lines (included), and pressurized irrigation system ready for raising crops. The agricultural lot features the Sevier river running right through it, a rare and beautiful opportunity for recreation and enjoyment! The VIEWS and backdrop are simply stunning! One could build homes to be used for AirBnB or vacation rentals as it's within a short ~30 minute drive to Bryce Canyon! Many other recreational sites such as Zion National Park, Goblin Valley, Cedar Breaks, etc are all within 2 hours. Property is fully-fenced and has easy year-round access. 83 shares of irrigation water included, as well as 2 culinary shares (for 6 future residences). Power and natural gas are both at the property line. Perc tests completed. Water rights requirements have been approved and fees paid for. *Seller will consider seller financing!*