863 EMERY, Elk Ridge, UT 84651
5BD/—BA Residential in Elk Ridge, UT 84651. 5,500 sqft. Built 2026. Listed at $1,650,000. MLS #2162583.
5BD/—BA Residential in Elk Ridge, UT 84651. 5,500 sqft. Built 2026. Listed at $1,650,000. MLS #2162583.
Move-in-ready modern luxury with thoughtfully designed spaces that offer exceptional flexibility and comfort. This newly completed 5,500-square-foot home features refined interiors, a four-car garage, a finished walkout lower level, and versatile living spaces ideal for entertaining, working from home, recreation, or a variety of lifestyle needs. Set on a peaceful 0.36-acre lot with no HOA, it delivers the craftsmanship and quality of a custom home without the wait, uncertainty, or countless decisions of building from the ground up. Fully finished and ready for immediate occupancy, this home offers generous bedroom and gathering spaces, elevated Utah County views, and a warm, contemporary design that balances modern finishes with timeless appeal. Enjoy the benefits of new construction without the typical 1218 month build timeline. The spacious four-car garage provides abundant room for vehicles, storage, recreational equipment, or workshop space. Located in Elk Ridge, the property offers a peaceful, lower-density setting with convenient access to Salem, Mapleton, Woodland Hills, and Spanish Fork.
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
$1,650,000
Annual Taxes
$2,611
Home Warranty
No
List Price
$1,650,000
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
10% above
vs Market Median
30% 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 10% above the median of similar listings
Priced 30% above the per-subtype city median
LT net cashflow -$4,488/mo (-41.2% return on ownership cost) · STR net cashflow -$8,296/mo (-76.1% 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
$7,287/mo
Range: $5,362 – $9,211
Net Monthly Cash Flow
−$4,487 /mo (−$53,847/yr)
Monthly rental income
Monthly ownership cost
Coverage
67%
Net /mo
−$4,488
DSCR
0.76
Est. Annual Revenue
$44,651/yr
$285/night · 43% occupancy · $114/bedroom · $0.17/sqft
Net Monthly Cash Flow
−$8,295 /mo (−$99,544/yr)
Monthly STR income
Monthly ownership cost
Coverage
34%
Net /mo
−$8,296
DSCR
0.31
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
15
Available Providers
$890,000
+85% vs median
61 days
28
$530,000 – $3,150,000
$2,611
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