ActiveResidential · sale

850 S 500 E

Parowan, UT 84761

$2,799,000

  • 2 beds
  • 6 baths
  • 6,956 sq ft
  • 13.9 acres
  • Built 1983

Listed by FATHOM REALTY SG · MLS #118726

Listing status & updates
MLS last changed
Not supplied by this listing source
Availability last checked
No per-listing check is recorded

Source changes and availability checks are different. A website import or photo check does not confirm that a property is still available. Confirm availability with the listing agent. Ask about the listing status

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PROPERTY QUESTIONS & SHOWINGS

Ask about this property.

850 S 500 E, Parowan, UT 84761 · MLS #118726

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A FEW THINGS TO NOTICE

What stands out.

Additional spaces

A second guest suite, main-floor laundry, and a half bath complete the main level.

Living spaces

The basement of the main home includes a walk-in safe, wine cellar and ample storage.

Details worth a look

A detached, 1000+ square foot guest house includes a dedicated fireplace, a full kitchen and its own covered deck.

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

THE PROPERTY

Get to know the property.

Discover this rare and exceptional opportunity to own a 13.9 acre, mountain retreat that perfectly combines convenience and serenity. Enjoy the security of a private, gated estate, bordered by BLM land, with abundant nature and expansive views combined with the convenience of city services and public utilities. This one-of-a-kind property features multiple structures offering countless options and opportunities and is a mere 15 minutes from Brian Head Resort.

The primary structure, a custom log home containing nearly 7000 square feet, is an entertainer's dream. It is rich in rustic elegance and is complemented by an array of thoughtfully designed amenities. The inviting great room is enhanced by a large stone fireplace, high ceilings and exposed log truss work. The expansive kitchen in cludes two bars, 4 sinks and a remarkable appliance package that will accommodate your largest gatherings. The 2-story, 2000+ square foot primary suite is a true sanctuary, complete with a cozy fireplace, his-and-hers walk-in closets, his-and-hers water closets, and a generous loft with two private decks. The beautiful log work continues through an additional entertaining area and a large office complete with... yet another fireplace. A second guest suite, main-floor laundry, and a half bath complete the main level. Several custom fixtures and log furniture pieces are included, adding to the home's distinctive character and mountain-lodge appeal. The basement of the main home includes a walk-in safe, wine cellar and ample storage. A large, natural gas generator provides enhanced security and convenience.

The property's impressive amenities extend well beyond the main residence. A detached, 1300 square foot pool house features an indoor swimming pool and wall shower, offering year-round enjoyment. A detached, 1000+ square foot guest house includes a dedicated fireplace, a full kitchen and its own covered deck. The guest house provides comfortable accommodations for family, guests, extended stays and offers a great opportunity for supplemental income. An additional, detached studio offers a dedicated space for creativity, crafts, or hobbies. Plus a spacious flex room offering more than 800 additional square feet. Use it for your personal gym, office, storage space, or home-based business.

Additional outdoor spaces include a massive covered BBQ area, an enclosed gazebo, numerous covered decks, a green house, storage sheds, garden beds, a fenced orchard, and dog runs.

Garage space and storage are in abundant supply with multiple structures totaling nearly 2800 square feet with extra depth and oversized doors to accommodate all your vehicles and toys.

This sizable parcel combined with direct access to BLM land provides the best in country living. Hiking, biking, horseback riding, hobby farming, skiing, off-roading and countless other activities are all at your fingertips. R3 (Multi-Family Residential) zoning offers many options for personal use and potential income. Enjoy convenient access to Brian Head Resort for year-round recreation along with proximity to local amenities. Whether envisioned as a remarkable private estate, a corporate retreat, a multigenerational gathering place, or a stunning wedding and event venue, this extraordinary property offers a rare combination of space, character, amenities, and versatility. A truly unique opportunity to own an expansive Southern Utah retreat where the possibilities are as remarkable as the setting.

Showings by appointment only. Buyer and Agent to verify square footage and all information.

THE NEIGHBORHOOD

Explore the location.

850 S 500 E, Parowan, UT 84761

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LOCAL MARKET CONTEXT

Iron County housing market

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

12-month price trend$415,298Up 4.1% vs. the previous 12 months
Months of supply5.712-month average
Days on market8012-month weighted average

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
1983
Full baths
3
Half baths
3
Garage spaces
6
Cooling
Central Air, Ceiling Fan(s)
Heating
Electric, Natural Gas, Forced Air
Appliances
Dishwasher, Disposal, Refrigerator, Range Hood, Washer, Dryer, Microwave, Freezer, Range, Gas, Vented Exhaust Fan, Warming Drawer
Flooring
Tile, Carpet, Hardwood
Utilities
Culinary, City
Parking
RV Access/Parking
Subdivision
Parowan City
Zoning
R3
Parcel
A-0516-0516-0002
Elementary school
Parowan
Middle school
Parowan
High school
Parowan
Annual property tax
$11,259.00

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

Investor outlook Rental potential, ownership costs and property management

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$7,505.19
Estimated monthly rent$11,662.50
Cap rate3.47%

Annual operating income: $97,059.80

HOA: No HOA cost is included because the listing source does not report one. Confirm whether HOA dues apply before relying on this estimate.

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

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

A team for what comes next.

Put your investment outlook into practice. Team ERA can help you confirm local rental potential and plan for the day-to-day of ownership.

  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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Listing information

MLS #118726 · Iron County MLS

Listing brokerage: FATHOM REALTY SG
Listing agent: RUSSELL LARSEN

Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. Confirm current availability and price with the listing agent.