Hold or do something?

[Tomoko Hale]

We purchased 40 acres lot that is very closed to a lake in Idaho.  We wanted to build a cabin for us but learned there is nothing and off grid so it has been sitting there for last three years and paying the property tax. We've been hearing eventually that area will be developed but don't know when. The place has been appreciated 70 K last three years. If you were us, what would you do? Build camp grounds or something, or just let it sit for the appreciation?  Any advise please.

[Tomoko Hale]

Thank you for your reply. Our property is situated in the mountains, approximately 100-150 feet from the waterline, and I can see the lake(State Park) from the property. There are ski resorts close to our property, and the lake is a very popular destination for families and friends to visit during the summer and fall. There are caves, a golf course, hiking trails, and a state park nearby. It has the least flood risk. I haven't had an appraisal done, but the property tax we pay keeps increasing based on the estimated property value. Perhaps this isn't the best way to measure the value of the property.

I will keep your advice in mind and continue to think about whether there's a way to utilize the land or if it's best to leave it as it is for now. Thank you.