ActiveResidential · sale

1174 N EXPLORER PEAK DR

Heber City, UT 84032

$6,995,000

  • 6 beds
  • 8 baths
  • 7,210 sq ft
  • 1.96 acres
  • Built 2023

Listed by Summit Sotheby's International Realty · MLS #2159287

1174 N EXPLORER PEAK DR, Heber City, UT 84032 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2023.

Garage parking

4 garage spaces listed.

Property size

1.96 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Welcome to an exceptional mountain retreat tucked behind the private gates of Red Ledges, where refined luxury meets timeless alpine charm. This newer built, stunning 6 bedroom, 8 bathroom residence is thoughtfully designed, and showcases an open-concept floor plan with elevated finishes and expansive living spaces ideal for entertaining family and guests. Perfectly positioned on a rare double lot, the property offers enhanced privacy and room to breathe, an uncommon find within the community. Extensive landscaping work was completed by the current owners, including rock walls, trees, and a beautiful yard for play with the afternoon shade. Take in sweeping, unobstructed views of Mount Timpanogos and the entire Heber Valley from multiple vantage points, creating a truly breathtaking backdrop year-round. Offering a full golf membership, residents enjoy access to the award-winning Jack Nicklaus Signature Golf Course at Red Ledges, a premier 18-hole championship course renowned for its dramatic elevation changes, red rock cliffs, and sweeping Wasatch Mountain views. Designed to challenge and inspire players of all skill levels, this world-class course offers a true private club experience with no two holes alike. Conveniently located just 15 minutes from Deer Valley East Village and 25 minutes from Park City, you'll enjoy effortless access to world-class skiing. A rare opportunity to own a legacy property in one of Utah's most sought-after private communities.
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THE NEIGHBORHOOD

Explore the location.

1174 N EXPLORER PEAK DR, Heber City, UT 84032

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2023
Full baths
7
Half baths
1
Garage spaces
4
Cooling
Central Air
Heating
Forced Air
Flooring
Carpet,Hardwood,Tile
Utilities
Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected
Pool
No
Spa
No
Subdivision
RED LEDGES
Zoning
Single-Family
Parcel
00-0021-0298
HOA amenities
Clubhouse,Concierge,Gated,Golf Course,Fitness Center,Hiking Trails,Horse Trails,Pets Permitted,Playground,Pool,Security,Snow Removal,Tennis Court(s)
HOA fee frequency
Monthly
Elementary school
J R Smith
Middle school
Timpanogos Middle
High school
Wasatch
Annual property tax
$50,638.00
HOA fee
$1,800.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase$15,122.37
Estimated monthly rent$29,145.83
Cap rate2.84%

Annual operating income: $198,955.97

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Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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1174 N EXPLORER PEAK DR, Heber City, UT 84032 · MLS #2159287

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Listing information

MLS #2159287 · Utah Real Estate MLS

Listing brokerage: Summit Sotheby's International Realty
Listing agent: Damon Leake

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.