By Kjel Jones, Licensed Real Estate Agent (Idaho) · LPT Realty

Published 2026-09-12

Pebble Creek subdivision in Rexburg, Idaho

The plat and the ground

The recorded facts first. Pebble Creek — Phase No. 1 was platted by Bench Farms LLLP and recorded September 19, 2023 (instrument 458441): 6.91 acres in southwest Rexburg near West 2000 South, dedicating Smith Ranch Road, Prairie View Drive, and 2000 South rights-of-way. The plat certifies that the City of Rexburg agreed in writing to serve the lots with water and sewer, and that lots receive no irrigation water rights (the irrigation company signed off with no issues). "Phase No. 1" is the plat's own label — the name itself plans for more.

Read the covenants before you write the offer, not after. They are usually short, they are always binding, and they decide things people assume they get to choose.

— Kjel Jones, Licensed Real Estate Agent (Idaho), LPT Realty, 2026

Seventeen homes, one year, one shape

• 51 parcels in the county pull: 17 improved homes, unbuilt residential lots, and common-area parcels (September 2026).
• Every built home carries a 2025 year-built. Nothing before, nothing after yet — the whole neighborhood is one construction season old.
• 1,576–1,664 sq ft above grade, all two-story, all 3-bedroom, zero basements (17 of 17). County assessor detail records both a ground floor (671–717 sq ft) and an upper floor (905–947 sq ft) on every one. Most Rexburg subdivisions this site has profiled run basements in 70–95% of homes; Pebble Creek runs none, so what you see is the whole house — no "unfinished basement" upside.
• Assessed values reached about $303,000 on improved parcels in the September 2026 county pull — a taxation number, not a price, quoted for scale.
• Zoning is LDR3, one of Rexburg's low-density residential districts — home lots here sit at the small end (about 0.04–0.1 acres), which is exactly how seventeen attached units fit on 6.91 acres. Confirm what LDR3 permits with Rexburg Planning and Zoning rather than from any summary, this one included.

One honest read, labeled as a read: seventeen near-identical homes appearing in one year is the signature of a single builder running one program. The county data does not name the builder, so this page does not either — ask the seller, and ask whether the remaining lots continue the same product.

Covenants: recorded, in force, and easy to miss

This site reads covenants from the recorded documents before repeating anything about them. Pebble Creek has them. On September 22, 2025, Pebble Creek Property Fund LLC recorded a 42-page Declaration of Covenants, Conditions and Restrictions (instrument 470150). Its Exhibit A binds “All of Pebble Creek – Phase No. 1”, meaning every lot, and section 13.3 says the covenants run with and bind the project in perpetuity. No amendment has been recorded as of September 2026.

It is worth knowing how nearly invisible this document is. It is filed under the type “Declaration” rather than “Covenants”, its description field in the county index is blank, and it is indexed to Pebble Creek Property Fund LLC rather than to Bench Farms LLLP, the company named on the plat. A buyer who reads the plat and stops there, or who searches the recorder the obvious way, will conclude there is no association here and will be wrong. The plat's own owner's certificate says nothing about covenants; the declaration arrived two and a half years later.

What the recorded text establishes:

• There is an association. Pebble Creek Property Owners Association, Inc., an Idaho nonprofit corporation. It owns the common areas and is responsible for snow removal, irrigation, and each unit's roof and siding. Owners handle the rest, down to sweeping their own patios and entryways.
• There are dues, and they are enforceable. Each unit pays an equal share of an annual budget the board adopts without an owner vote. Assessments fall delinquent after five days, carry interest, and are secured by a lien the association can foreclose. Each buyer also pays a non-refundable working-capital deposit equal to two monthly assessments, plus a transfer fee the board sets. The recorded document names no dollar amount, so this page quotes none. Ask the association and the title company for the current figure, the budget and the reserve balance.
• Renting is limited. You may not lease less than the entire unit, and no lease may run shorter than 30 days unless the board has approved that specific unit as a short-term rental in advance, application and named platform included. The board may refuse simply because no short-term-rental slots are available.
• Parking is the strict one. Cars, motor homes, recreational vehicles, boats, boat trailers, travel trailers, campers, all-terrain vehicles and mobile homes may be kept only in a designated parking area, and the board may have a violating vehicle towed without notice at the owner's expense. Unregistered or inoperable vehicles get ten days.
• Two pets, meaning dogs, cats or household birds, without board permission for more; dogs on a leash of six feet or less outside the unit.
• Anything visible from outside needs written board approval, including enclosing a patio or balcony, reflective window coverings, and even a “For Sale” sign. Permanent basketball hoops are prohibited outright, grills are barred from front porches, outdoor clotheslines are barred, and decorative lighting must be off between 11pm and 6am. Several rules carry named fines on a third violation.
• The developer still runs the board. Declarant control lasts until 90 days after 90% of the units are conveyed and the developer no longer holds adjacent land. With most lots still unbuilt, that has not happened.
• Changing the rules takes 67% of the votes in the association, and the developer may amend alone while declarant control lasts.

Because these are attached townhomes, the declaration sets no minimum square footage, roof, siding, fence or setback rules. The association owns and maintains the exteriors, so those questions never arise. Read the full document at the county before relying on any summary, this one included, and read the title commitment's exceptions page for your specific lot.

Flood, utilities, and broadband

• Flood: no FEMA flood feature intersects the plat geometry in the county GIS layer (September 2026). Per-property determination at purchase remains standard.
• Water/sewer: city service certified on the recorded plat — no wells, no septic, no irrigation shares.
• Broadband: per provider-filed FCC National Broadband Map data (December 2025 filings, pulled September 2026): Fybercom fixed wireless up to 300/300 Mbps and Starlink filed at all eight sampled addresses; Silver Star fiber up to 1,000/200 Mbps filed at parts of the subdivision (6 of 8 samples). These are provider filings, not measurements — and FCC location data visibly lags brand-new construction here, so check current options at the exact address.

What Pebble Creek costs: the honest version

Idaho is a non-disclosure state — sale prices are not public record. A one-year-old neighborhood also has essentially no resale history, so nobody can quote an honest "Pebble Creek median." Sourced context for the market around it:

• $434,801 — Zillow's modeled typical home value for the city of Rexburg (ZHVI — an estimate, not a sale record; up 5.0% from a year earlier) (Zillow Research ZHVI, July 2026)
• $633,950 — median listing price, Rexburg metro area (Madison + Fremont counties), up from $599,500 a year earlier (Realtor.com via FRED, August 2026)
• $267 — median listing price per square foot, Rexburg metro area (up from $264 a year earlier) (Realtor.com via FRED, August 2026)

Both series cover the whole city or metro — neither isolates a uniform new subdivision. The useful pricing fact here is the uniformity itself: with seventeen nearly identical homes, any sale or listing among them is an unusually clean comparable for the others. Subdivision-level sale data will be added from MLS records once access and publication permissions are in place.

Common questions about Pebble Creek

Comparing a new townhome here against basement stock elsewhere in town? How buying works here · Summerfield, the west side's big active subdivision · the investor's guide · ask directly →