ActiveResidential · sale

3246 E HORSEHEAD PEAK DR

Heber City, UT 84032

$12,995,000

  • 5 beds
  • 7 baths
  • 9,789 sq ft
  • 1.79 acres
  • Built 2021

Listed by EXP Realty, LLC (Park City) · MLS #2194231

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.

3246 E HORSEHEAD PEAK DR, Heber City, UT 84032 · MLS #2194231

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Your purchase plans

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A FEW THINGS TO NOTICE

What stands out.

Living spaces

It has three guest suites, a second family room that opens to the pool, and a state of the art gym with its own bath.

Details worth a look

Days fill easily with the putting green, the ax-throwing lane, a hanging bed swing and a sculptural water feature, all set among more than 100 mature trees.

Year built

Built in 2021.

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

THE PROPERTY

Get to know the property.

This Michael Upwall designed mountain modern estate in Red Ledges, Heber City, Utah, has 5 en-suite bedrooms and 7 bathrooms in 9,789 square feet on 1.79 private acres. Four hundred tons of steel. Imported stone. Walls of glass aimed squarely at Mt. Timpanogos. Phelps Construction built it in 2021 to a commercial standard. Summer here centers on 4,000 square feet of covered outdoor living. Dinner starts in the 1,100-square-foot al fresco pavilion at the Wolf 54-inch grill, with a fire pit beside the table and a soft-serve machine for dessert. Below, a 22' x 65' saltwater pool has a classic wooden diving board, and a Bullfrog hot tub sits nearby. Three outdoor fireplaces carry the evening past dark. Days fill easily with the putting green, the ax-throwing lane, a hanging bed swing and a sculptural water feature, all set among more than 100 mature trees. Inside, the great room opens to the view under white oak floors, a concrete-and-steel fireplace and hidden in-wall sound. The kitchen is built for hosting: a Wolf 60-inch dual-fuel range, Sub-Zero refrigeration, two Cove dishwashers, a bar that seats 8 and dining for 14. A butler's pantry with a Wolf steam oven keeps the prep out of sight. The primary suite sits apart, reached by a cantilevered private hallway, with its own fireplace, a sauna, a steam shower, a soaking tub and a custom dressing closet. The walkout lower level, with 12-foot ceilings, is built for guests and family gatherings. It has three guest suites, a second family room that opens to the pool, and a state of the art gym with its own bath. Movie nights take place in a 12-seat tiered theater with a concession bar and a sound system finished to audiophile standards. Day-to-day upkeep is handled by the home's systems: a snowmelt driveway, a Generac whole-home generator, five climate zones with air purification, Control4 automation, perimeter cameras and automatic leak shutoff. An elevator and extra-wide hallways reach every level. Heated garages hold 10+ vehicles across 3,100 square feet, with EV-ready circuits, car-lift prep and a concrete-walled vault room. A screened trailer pad keeps toys out of sight. A Red Ledges golf membership is available with a deposit. The community's Jack Nicklaus Signature course and clubhouse are minutes away, as are Jordanelle Reservoir, Deer Valley East Village and Park City, Utah.

THE NEIGHBORHOOD

Explore the location.

3246 E HORSEHEAD PEAK DR, Heber City, UT 84032

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Map position comes from the listing source. Open directions in Google Maps

LOCAL MARKET CONTEXT

Wasatch County housing market

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

12-month price trend$1,137,254Up 9.0% vs. the previous 12 months
Months of supply8.012-month average
Days on market8712-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
2021
Full baths
1
Half baths
2
Garage spaces
8
Cooling
Central Air
Heating
Gas: Central
Flooring
Carpet,Hardwood,Tile
Utilities
Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected
Accessibility
Accessible Elevator Installed
Pool
Yes
Pool features
Heated,In Ground
Spa
No
Subdivision
AMENDED RED LEDGES PHASE 1 AMENDED
Zoning
Single-Family
Parcel
00-0020-7424
HOA amenities
Clubhouse,Gated,Golf Course,Pets Permitted,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
$31,675.00
HOA fee
$3,400.00

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$33,369.29
Estimated monthly rent$54,145.83
Cap rate3.33%

Annual operating income: $432,918.97

HOA: Includes $3,400.00 per month in HOA dues, converted from the $3,400.00 monthly fee reported by the listing source.

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.

More in Heber City.

Listing information

MLS #2194231 · Utah Real Estate MLS

Listing brokerage: EXP Realty, LLC (Park City)
Listing agent: Mike Hludzinski

Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. 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.