360 ELKS RIDGE, Garden City, UT 84028
7BD/—BA Residential in Garden City, UT 84028. 5,495 sqft. Built 2026. Listed at $2,000,000. MLS #2126419.
7BD/—BA Residential in Garden City, UT 84028. 5,495 sqft. Built 2026. Listed at $2,000,000. MLS #2126419.
To-be-built, energy-efficient luxury retreat overlooking Bear Lake featuring 7 bedrooms, 7.5 bathrooms, and 5,495 sq ft of beautifully designed living space with vaulted ceilings and a dream kitchen, all capturing panoramic views of the turquoise-blue water known as the "Caribbean of the Rockies." This STR-approved property includes a huge deep tandem garage with RV parking, an electric vehicle charging station, pickleball court, basketball standard, hot tub, play gym, and spacious walk-in closets throughout. Enjoy direct access to miles of ATV, dirt bike, side-by-side, snowmobile, and snow bike trails connecting to Laketown, Randolph, Peter Sinks, Temple Peak, Boulder Mountain, Strawberry Valley, Hardware Ranch, and Monte Cristo, creating an unmatched year-round adventure base. Located close to Garden City-walk or take your ORV to enjoy famous raspberry shakes and lake activities. Fully improved lot with water, electricity, and sewer stubbed and ready for your build. A rare opportunity to own a premier Bear Lake property offering incredible views, recreation access, luxury amenities, and strong short-term rental potential.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
County
Rich
Zoning
Single-Family
Construction
Clapboard/Masonite,Stone
Lot Size
0.89 sq ft
Above Grade Area
2,360 sq ft
MLS #
2126419
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
County
Rich
Zoning
Single-Family
Construction
Clapboard/Masonite,Stone
Lot Size
0.89 sq ft
Above Grade Area
2,360 sq ft
MLS #
2126419
List Price
$2,000,000
HOA Fees
$400 / Annually
Annual Taxes
$739
Home Warranty
No
List Price
$2,000,000
HOA Fees
$400 / Annually
Annual Taxes
$739
Home Warranty
No
Heating
Gas: Central,Propane,>= 95% efficiency
Cooling
Central Air
Roof
Metal,Pitched
Flooring
Carpet
Basement
Full,Walk-Out Access
Materials
Clapboard/Masonite,Stone
Appliances
Ceiling Fan,Freezer,Gas Grill/BBQ,Microwave,Refrigerator,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup
Patio & Porch
Covered,Porch: Open,Patio: Open
Water Source
Culinary
Sewer
Sewer: Available
View
Lake,Mountain(s),Valley
Heating
Gas: Central,Propane,>= 95% efficiency
Cooling
Central Air
Roof
Metal,Pitched
Flooring
Carpet
Basement
Full,Walk-Out Access
Materials
Clapboard/Masonite,Stone
Appliances
Ceiling Fan,Freezer,Gas Grill/BBQ,Microwave,Refrigerator,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup
Patio & Porch
Covered,Porch: Open,Patio: Open
Water Source
Culinary
Sewer
Sewer: Available
View
Lake,Mountain(s),Valley
Garage Spaces
6
Covered Spaces
6
Total Parking
14
Garage Spaces
6
Covered Spaces
6
Total Parking
14
Why this is a deal
Classification
Standard
Deal Score
70/100
vs Similar Homes
56% above
vs Market Median
5% below
Area Growth (YoY)
6.1%
Deal Score Breakdown
70/100 · 1 qualifying signal
6.1% year-over-year ZHVI growth in this area
Priced 5% below the per-subtype city median
Priced 56% above the median of similar listings
LT net cashflow -$5,011/mo (-39.1% return on ownership cost) · STR net cashflow -$10,466/mo (-81.8% 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
$8,852/mo
Range: $2,442 – $15,263
Net Monthly Cash Flow
−$5,011 /mo (−$60,134/yr)
Monthly rental income
Monthly ownership cost
Coverage
69%
Net /mo
−$5,011
DSCR
0.78
Est. Annual Revenue
$40,028/yr
$448/night · 31% occupancy · $140/bedroom · $0.20/sqft
Net Monthly Cash Flow
−$10,467 /mo (−$125,610/yr)
Monthly STR income
Monthly ownership cost
Coverage
26%
Net /mo
−$10,466
DSCR
0.23
Best Download
1 Gbps
Best Upload
1 Gbps
Fiber Available
Yes
Providers
5
Available Providers
$655,000
+205% vs median
145 days
185
$68,500 – $4,400,000
$739
$400/annually
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