12298 GRAYSTONE, Draper, UT 84020
6BD/—BA Residential in Draper, UT 84020. 4,350 sqft. Built 1994. Listed at $1,225,000. MLS #2142335.
6BD/—BA Residential in Draper, UT 84020. 4,350 sqft. Built 1994. Listed at $1,225,000. MLS #2142335.
Amazing home in prestigious Pheasant Hills PUD with stunning mountain & valley views. Great room boasts vaulted ceilings, tons of natural light, travertine floors, fireplace & plantation shutters. Resort-style backyard: large saltwater pool w/ slide, fountain, lights; sunken hot tub w/ mountain views; natural stream waterfall. Expansive deck off the main & primary bedroom overlooking the valley. Bright walk-out basement w/ new carpet, remodeled bath, family room, bedroom & storage. Oversized 3-car garage & large pool shed. New roof (2024), water heater/softener (2025), dual HVAC, upstairs furnace (2024), central vac. The HOA offers a community pool and tennis courts. Quiet cul-de-sac, no backyard neighbors, pure views! The school bus stops at the backyard gate of Corner Canyon schools. Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
PHEASANT HILLS PLAT 4 P U D
County
Salt Lake
Zoning
Single-Family
Construction
Brick,Stucco
Lot Size
0.41 sq ft
Above Grade Area
2,824 sq ft
Condition
Blt./Standing
MLS #
2142335
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
PHEASANT HILLS PLAT 4 P U D
County
Salt Lake
Zoning
Single-Family
Construction
Brick,Stucco
Lot Size
0.41 sq ft
Above Grade Area
2,824 sq ft
Condition
Blt./Standing
MLS #
2142335
List Price
$1,225,000
Original Price
$1,250,000
HOA Fees
$780 / Annually
Annual Taxes
$4,573
Home Warranty
Yes
List Price
$1,225,000
Original Price
$1,250,000
HOA Fees
$780 / Annually
Annual Taxes
$4,573
Home Warranty
Yes
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile,Travertine
Basement
Daylight,Full,Walk-Out Access
Materials
Brick,Stucco
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile,Travertine
Basement
Daylight,Full,Walk-Out Access
Materials
Brick,Stucco
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Garage Spaces
3
Covered Spaces
3
Total Parking
9
Garage Spaces
3
Covered Spaces
3
Total Parking
9
Why this is a deal
Classification
Standard
Deal Score
65/100
vs Similar Homes
10% below
vs Market Median
4% above
Price Reduced
2.0%
Area Growth (YoY)
5.0%
Deal Score Breakdown
65/100 · 1 qualifying signal
Priced 10% below the median of similar listings
5.0% year-over-year ZHVI growth in this area
Priced 4% above the per-subtype city median
2% price reduction from original list — seller may be motivated
LT net cashflow -$2,660/mo (-32.1% return on ownership cost) · STR net cashflow -$4,661/mo (-56.3% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
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.
Why this classification
Monthly Rent
$6,387/mo
Range: $4,207 – $8,566
Net Monthly Cash Flow
−$2,659 /mo (−$31,910/yr)
Monthly rental income
Monthly ownership cost
Coverage
77%
Net /mo
−$2,660
DSCR
0.91
Est. Annual Revenue
$62,043/yr
$364/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$4,661 /mo (−$55,931/yr)
Monthly STR income
Monthly ownership cost
Coverage
62%
Net /mo
−$4,661
DSCR
0.58
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
11
Available Providers
$860,000
+42% vs median
60 days
152
$320,000 – $6,500,000
$4,573
$780/annually
Low Crime
6.7
per 1,000
22.7
per 1,000
5.5
per 1,000
34.9
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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