863 EMERY, Elk Ridge, UT 84651
5BD/—BA Residential in Elk Ridge, UT 84651. 5,500 sqft. Built 2026. Listed at $1,700,000. MLS #2162583.
5BD/—BA Residential in Elk Ridge, UT 84651. 5,500 sqft. Built 2026. Listed at $1,700,000. MLS #2162583.
Perched in the coveted hills of Elk Ridge, this exceptional luxury residence captures unobstructed, panoramic views of Utah County, Utah Lake, and the entire valley below a setting that truly elevates everyday living. Designed for those who appreciate both refined craftsmanship and peaceful surroundings, this home offers a seamless blend of elegance, functionality, and breathtaking scenery. Inside, you'll find an open, thoughtfully designed floor plan highlighted by vaulted ceilings, expansive windows, and luxury finishes throughout. The heart of the home is built for connection and entertaining, flowing effortlessly into indooroutdoor living spaces where you can unwind on the patio beside the outdoor fireplace, all while taking in the stunning views. The main level features a private primary suite, a dedicated formal office, and beautifully appointed ensuite bedrooms, offering comfort and privacy for family and guests alike. An attached mother-in-law suite adds flexibility for multi-generational living or extended stays. Every detail has been carefully curated, from the high end tile work and custom millwork to the overall design aesthetic that creates a warm yet sophisticated atmosphere. Additional amenities include a home gym, private theater room, and a spacious 3-car garage, along with a bonus garage space perfect for storage or easily transformed into a golf simulator, batting cage, art studio, or expanded fitness area. This one-of-a-kind home is the result of a meticulous collaboration between Navy Gray Designs and DYZN Builders, known for crafting distinctive, non-replicated homes with unmatched attention to detail. Whether you're entertaining, relaxing, or simply enjoying the views, this Elk Ridge masterpiece offers a rare opportunity to experience luxury living at its finest. **Buyer is advised to obtain an independent measurement. Buyer/Buyers Agent to verify all info including sq. ft.
Property Type
Residential
Property Style
Single Family Residence
Stories
3
County
Utah
Zoning
Single-Family
Construction
Stone,Stucco
Lot Size
0.36 sq ft
Above Grade Area
3,150 sq ft
Condition
Blt./Standing
MLS #
2162583
Property Type
Residential
Property Style
Single Family Residence
Stories
3
County
Utah
Zoning
Single-Family
Construction
Stone,Stucco
Lot Size
0.36 sq ft
Above Grade Area
3,150 sq ft
Condition
Blt./Standing
MLS #
2162583
List Price
$1,700,000
Annual Taxes
$2,611
Home Warranty
No
List Price
$1,700,000
Annual Taxes
$2,611
Home Warranty
No
Heating
Gas: Central,Gas: Stove,Hot Water
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Full,Walk-Out Access
Materials
Stone,Stucco
Appliances
Ceiling Fan,Dryer,Microwave,Range Hood,Refrigerator,Washer
Patio & Porch
Covered,Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Lake,Mountain(s),Valley
Heating
Gas: Central,Gas: Stove,Hot Water
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Full,Walk-Out Access
Materials
Stone,Stucco
Appliances
Ceiling Fan,Dryer,Microwave,Range Hood,Refrigerator,Washer
Patio & Porch
Covered,Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Lake,Mountain(s),Valley
Garage Spaces
4
Covered Spaces
4
Total Parking
4
Garage Spaces
4
Covered Spaces
4
Total Parking
4
Why this is a deal
Classification
Standard
Deal Score
70/100
vs Similar Homes
26% above
vs Market Median
49% above
Area Growth (YoY)
7.9%
Deal Score Breakdown
70/100 · 1 qualifying signal
7.9% year-over-year ZHVI growth in this area
Priced 26% above the median of similar listings
Priced 49% above the per-subtype city median
LT net cashflow -$4,816/mo (-43.4% return on ownership cost) · STR net cashflow -$8,453/mo (-76.2% 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.
Why this classification
Monthly Rent
$7,139/mo
Range: $5,354 – $8,923
Net Monthly Cash Flow
−$4,816 /mo (−$57,795/yr)
Monthly rental income
Monthly ownership cost
Coverage
64%
Net /mo
−$4,816
DSCR
0.73
Est. Annual Revenue
$45,348/yr
$283/night · 41% occupancy · $113/bedroom · $0.17/sqft
Net Monthly Cash Flow
−$8,453 /mo (−$101,439/yr)
Monthly STR income
Monthly ownership cost
Coverage
34%
Net /mo
−$8,453
DSCR
0.31
Best Download
2 Gbps
Best Upload
1 Gbps
Fiber Available
Yes
Providers
10
Available Providers
$619,000
+175% vs median
99 days
26
$550,000 – $2,500,000
$2,611
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Daryn Edmunds - High Road Properties

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Devin Tanner - Utah Realtor
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