ActiveResidential · sale

1000 W UPPER COVE RD

Park City, UT 84098

$4,738,000

  • 7 beds
  • 6 baths
  • 5,795 sq ft
  • 10.38 acres
  • Built 2023

Listed by Equity Real Estate (Advantage) · MLS #2135876

1000 W UPPER COVE RD, Park City, UT 84098 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Additional spaces

Completed in 2023, this custom-built retreat offers 7 bedrooms plus a studio guest house, 6 baths, 3 kitchens, breathtaking mountain views, and seamless indoor-outdoor living with walk-out access at the rear of the home, where four bedrooms open directly onto decks or patios.

Year built

Built in 2023.

Garage parking

8 garage spaces listed.

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

THE PROPERTY

Get to know the property.

Luxury meets self-sufficiency on 10.38 private acres of pines and aspens in a gated mountain community in Park City. This exceptional home is connected to the electrical grid while also featuring a Tesla Solar Roof with battery backup to keep your electrical bills low, blending cutting-edge energy technology with refined mountain living. An exterior yard fire sprinkler system was installed as an added layer of protection for mountain living. If you're looking for a newer home where thoughtful attention was given to the details, this is it. Completed in 2023, this custom-built retreat offers 7 bedrooms plus a studio guest house, 6 baths, 3 kitchens, breathtaking mountain views, and seamless indoor-outdoor living with walk-out access at the rear of the home, where four bedrooms open directly onto decks or patios. Designed for both comfort and entertaining, the property features oversized view decks, garage parking for up to eight vehicles, and beautifully landscaped grounds supported by a sprinkler system. Upgraded features you might not notice include 5/8'' drywall throughout, Rockwool insulation in ALL interior walls, blown-in insulation between floors, insulated garages, high-efficiency heat pumps, electrical pre-wired for a hot tub on the back patio, two 1,000-gallon propane tanks in addition to the heat pumps that provide most of the home's heating. The community voted to pave the two main roads, Kimball and Basin, over the next two years, which is a major improvement for the neighborhood. The current owners have already paid their contribution for both years, so no paving assessment will be passed on to the buyer. It is conveniently located just 15 minutes from Kimball Junction, 25 minutes from Park City Main Street and Deer Valley, and 35-45 minutes from Salt Lake City International Airport. It has exceptional privacy without sacrificing convenience. (Total square footage includes both the main home (4,972 sq ft) and the detached studio guest house (823 sq ft), for a total of 5,795 sq ft. Basement 2 in the floor plan/MLS represents the guest house and is not a second basement.)
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THE NEIGHBORHOOD

Explore the location.

1000 W UPPER COVE RD, Park City, UT 84098

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2023
Full baths
4
Half baths
1
Garage spaces
8
Cooling
Heat Pump
Heating
Electric,Heat Pump,Wood
Appliances
Ceiling Fan,Dryer,Microwave,Range Hood,Refrigerator,Washer,Water Softener Owned
Flooring
Carpet,Laminate,Tile,Slate
Utilities
Electricity Connected,Sewer: Septic Tank,Water Connected
Accessibility
Accessible Hallway(s)
Pool
No
Spa
No
Subdivision
STAGECOACH ESTATES
Zoning
Single-Family
Parcel
SG-B-78
HOA amenities
Gated
HOA fee frequency
Annually
Elementary school
Trailside
Middle school
Ecker Hill
High school
Park City
Annual property tax
$9,390.00
HOA fee
$1,100.00

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$13,405.88
Estimated monthly rent$19,741.67
Cap rate3.65%

Annual operating income: $172,715.59

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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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1000 W UPPER COVE RD, Park City, UT 84098 · MLS #2135876

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Listing information

MLS #2135876 · Utah Real Estate MLS

Listing brokerage: Equity Real Estate (Advantage)
Listing agent: Briana Allred

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.