ActiveResidential · sale

1940 PROSPECTOR AVE #408

Park City, UT 84060

$295,000

  • 1 baths
  • 250 sq ft
  • 0.01 acres
  • Built 1988

Listed by Summit Sotheby's International Realty · MLS #2132458

1940 PROSPECTOR AVE #408, Park City, UT 84060 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1988.

Property size

0.01 acres listed.

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

THE PROPERTY

Get to know the property.

This top-floor, corner condo in Park City boasts mountain views and ultra convenience. Experience the ultimate in mountain living at Prospector Square! Perfectly positioned along the free Park City transit route, this stylish condo puts you just minutes from the world-class slopes of Park City and Deer Valley Mountains. Step into the Carriage House building and be welcomed by a spacious, vibrant lobby-ideal for meeting friends, grabbing a quick snack from the vending machines, or unwinding after a day on the trails. Take advantage of resort-style amenities including a bubbling hot tub, plentiful parking, outdoor grills, and a cozy community fire pit, perfect for gathering with friends or relaxing under the stars! Inside your unit, discover a warm and inviting retreat, expertly renovated with contemporary touches and a keen sense of style. The mini kitchen featuring gleaming quartz countertops that extend seamlessly into the living and bathroom areas. Sunlight pours in through large window, creating a cheerful and bright atmosphere throughout the thoughtfully designed living space. The Prospector Square location is absolutely unbeatable-whether you're searching for a convenient second home, a welcoming full-time primary rental, or a lucrative short-term rental investment. The famous Rail Trail sits just across the street, offering direct access to more than 400 miles of scenic trails that weave through the spectacular Park City Trail Network. Plus, you're mere minutes from Main Street, with its amazing array of local restaurants, trendy bars, unique shops, and lively events. Ready to start earning? This unit is perfectly set up as a turnkey Airbnb, allowing you to enjoy immediate rental income the moment you take ownership. Offered fully furnished and move-in ready, it's a comfortable, smart space crafted for effortless enjoyment. Embrace everything Park City has to offer! Call today to schedule your private tour and make this stunning property your own!
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THE NEIGHBORHOOD

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1940 PROSPECTOR AVE #408, Park City, UT 84060

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LOCAL MARKET CONTEXT

Summit County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$1,651,849Up 13.3% vs. the previous 12 months
Months of supply7.212-month average
Days on market7512-month weighted average

Latest available data: July 2026. Research by ERA Brokers Consolidated.

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These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1988
Full baths
1
Pool
No
Spa
No
Subdivision
CARRIAGE HOUSE CONDOMINIUMS
Parcel
CHC-103
HOA fee frequency
Monthly
Elementary school
McPolin
Middle school
Ecker Hill
High school
Park City
Annual property tax
$720.00
HOA fee
$245.00

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$583.88
Estimated monthly rent$1,229.17
Cap rate2.63%

Annual operating income: $7,744.03

HOA: Includes $245.00 per month in HOA dues, converted from the $245.00 monthly fee reported by the listing source.

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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
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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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1940 PROSPECTOR AVE #408, Park City, UT 84060 · MLS #2132458

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Listing information

MLS #2132458 · Utah Real Estate MLS

Listing brokerage: Summit Sotheby's International Realty
Listing agent: Shannon Lee

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.