2747 PALMA, Cottonwood Heights, UT 84121
5BD/—BA Residential in Cottonwood Heights, UT 84121. 3,966 sqft. Built 1993. Listed at $1,250,000. MLS #2166319.
5BD/—BA Residential in Cottonwood Heights, UT 84121. 3,966 sqft. Built 1993. Listed at $1,250,000. MLS #2166319.
Tucked away on a quiet cul-de-sac in the desirable Mill Hollow neighborhood, this beautifully updated Cottonwood Heights home offers the perfect blend of comfort, style, and location. Surrounded by mature trees and mountain views, you'll enjoy a peaceful setting just minutes from everything that makes this area so special. Inside, the thoughtfully designed floor plan is filled with natural light, vaulted ceilings, hardwood floors, and beautifully updated living spaces. The remodeled kitchen is the heart of the home, featuring quartz countertops, stainless steel appliances, abundant pantry storage, and a spacious center island perfect for everyday living and effortless entertaining. French doors open to a private deck overlooking mature landscaping, creating an inviting outdoor space for morning coffee, summer dinners, or relaxing after a day in the mountains. The spacious primary suite offers a beautifully updated bathroom with a separate tub and shower, a walk-in closet, and a peaceful retreat at the end of the day. With five bedrooms and multiple living spaces, this home offers flexibility for guests, a home office, hobbies, or room to grow. Additional features include a spacious three-car garage with extra width and length, plantation shutters, updated lighting, a smart thermostat, and generous storage throughout. Located just minutes from Big and Little Cottonwood Canyons, world-class skiing, hiking and biking trails, parks, shopping, dining, Park City, downtown Salt Lake City, Salt Lake City International Airport, and within the highly regarded Brighton High School boundary, this home offers an exceptional opportunity to enjoy one of Cottonwood Heights' most desirable neighborhoods.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
MILL HOLLOW
County
Salt Lake
Zoning
Single-Family
Construction
Brick,Stucco
Lot Size
0.21 sq ft
Above Grade Area
2,628 sq ft
Condition
Blt./Standing
MLS #
2166319
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
MILL HOLLOW
County
Salt Lake
Zoning
Single-Family
Construction
Brick,Stucco
Lot Size
0.21 sq ft
Above Grade Area
2,628 sq ft
Condition
Blt./Standing
MLS #
2166319
List Price
$1,250,000
Annual Taxes
$7,102
Home Warranty
No
List Price
$1,250,000
Annual Taxes
$7,102
Home Warranty
No
Heating
Forced Air,Gas: Central,>= 95% efficiency
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Full
Materials
Brick,Stucco
Appliances
Ceiling Fan,Dryer,Microwave,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Forced Air,Gas: Central,>= 95% efficiency
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Full
Materials
Brick,Stucco
Appliances
Ceiling Fan,Dryer,Microwave,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Garage Spaces
3
Covered Spaces
3
Total Parking
6
Garage Spaces
3
Covered Spaces
3
Total Parking
6
$762,000
+64% vs median
58 days
70
$259,900 – $9,500,000
$7,102
Moderate
4.6
per 1,000
27.2
per 1,000
8.9
per 1,000
40.7
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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Daryn Edmunds - High Road Properties

Salt Lake City Real Estate Broker Focused on Pricing, Positioning, and Results

Devin Tanner - Utah Realtor
Your inquiry goes to the listing agent.
Fast Response
Typically within 2 hours during business hours
Classification
Standard
Deal Score
30/100
vs Similar Homes
45% above
vs Market Median
2% above
Area Growth (YoY)
2.2%
Deal Score Breakdown
30/100
Priced 2% above the per-subtype city median
2.2% year-over-year ZHVI growth in this area
Priced 45% above the median of similar listings
LT net cashflow -$3,674/mo (-42.9% return on ownership cost) · STR net cashflow -$5,392/mo (-62.9% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
No price reduction from original list
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Monthly Rent
$5,566/mo
Range: $4,175 – $6,958
Net Monthly Cash Flow
−$3,675 /mo (−$44,095/yr)
Monthly rental income
Monthly ownership cost
Coverage
65%
Net /mo
−$3,674
DSCR
0.78
Est. Annual Revenue
$54,524/yr
$358/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$5,392 /mo (−$64,703/yr)
Monthly STR income
Monthly ownership cost
Coverage
53%
Net /mo
−$5,392
DSCR
0.50
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