315 BEAR LAKE, Garden City, UT 84028
4BD/—BA Residential in Garden City, UT 84028. 6,886 sqft. Built 2008. Listed at $1,649,000. MLS #2135121.
4BD/—BA Residential in Garden City, UT 84028. 6,886 sqft. Built 2008. Listed at $1,649,000. MLS #2135121.
Exceptional craftsmanship meets incredible flexibility on nearly .70 acres just minutes from Bear Lake. This beautifully built home offers room to spread out today, along with exciting possibilities for the future. Quality craftsmanship is evident throughout, including a gourmet kitchen with Wolf and Sub-Zero appliances, custom knotty cherry cabinetry, granite countertops, hardwood flooring, wood Pella windows, solid wood doors and trim, and 9-foot and vaulted ceilings. Light-filled living spaces provide plenty of room to gather, while the private primary suite includes direct access to a covered patio. The basement features in-floor radiant heat, generous living space, and ample storage. The exterior was professionally repainted in fall 2025. Outside, the beautifully landscaped yard includes mature pine trees, a garden, fruit trees, raspberries, strawberries, and lake views. Beyond the established yard is an expansive open area ready for whatever you envision, including additional garage space, a larger shop, outdoor entertaining, recreation, or simply enjoying the extra elbow room. The separate 30x44 heated shop and garage includes power and its own bathroom, offering outstanding versatility for hobbies, woodworking, a home business, additional bedrooms, guest quarters, or a potential ADU, subject to buyer verification. An RV hookup with sewer access beside the shop makes hosting family and friends even easier. Nightly rentals are allowed, and the property is within walking distance of the city park with beach access, downtown shopping, dining, and the famous raspberry shakes. Buyer is advised to verify all information, including nightly rental and ADU requirements. Square footage figures are provided as a courtesy estimate only and were obtained from floor plans. Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
County
Rich
Zoning
Single-Family, Short Term Rental Allowed
Construction
Brick,Stone,Cement Siding
Lot Size
0.68 sq ft
Above Grade Area
3,840 sq ft
Condition
Blt./Standing
MLS #
2135121
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
County
Rich
Zoning
Single-Family, Short Term Rental Allowed
Construction
Brick,Stone,Cement Siding
Lot Size
0.68 sq ft
Above Grade Area
3,840 sq ft
Condition
Blt./Standing
MLS #
2135121
List Price
$1,649,000
Annual Taxes
$2,986
Home Warranty
No
List Price
$1,649,000
Annual Taxes
$2,986
Home Warranty
No
Heating
Forced Air,Gas: Central,Propane,Radiant Floor
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Daylight,Full
Materials
Brick,Stone,Cement Siding
Appliances
Ceiling Fan,Microwave,Refrigerator,Water Softener Owned
Patio & Porch
Covered,Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected
View
Lake,Mountain(s)
Heating
Forced Air,Gas: Central,Propane,Radiant Floor
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Daylight,Full
Materials
Brick,Stone,Cement Siding
Appliances
Ceiling Fan,Microwave,Refrigerator,Water Softener Owned
Patio & Porch
Covered,Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected
View
Lake,Mountain(s)
Garage Spaces
3
Covered Spaces
3
Total Parking
9
Garage Spaces
3
Covered Spaces
3
Total Parking
9
Why this is a deal
Classification
Great Deal (vs Market)
Deal Score
92/100
vs Similar Homes
113% above
vs Market Median
29% below
Area Growth (YoY)
1.1%
Deal Score Breakdown
92/100 · 1 qualifying signal
Priced 29% below the per-subtype city median
1.1% year-over-year ZHVI growth in this area
Priced 113% above the median of similar listings
LT net cashflow -$3,527/mo (-32.3% return on ownership cost) · STR net cashflow -$9,109/mo (-83.4% 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
$8,406/mo
Range: $1,620 – $15,193
Net Monthly Cash Flow
−$3,528 /mo (−$42,336/yr)
Monthly rental income
Monthly ownership cost
Coverage
77%
Net /mo
−$3,527
DSCR
0.87
Est. Annual Revenue
$31,131/yr
$473/night · 37% occupancy · $125/bedroom · $0.23/sqft
Net Monthly Cash Flow
−$9,110 /mo (−$109,317/yr)
Monthly STR income
Monthly ownership cost
Coverage
24%
Net /mo
−$9,109
DSCR
0.21
Best Download
2 Gbps
Best Upload
2 Gbps
Fiber Available
Yes
Providers
7
Available Providers
$655,000
+152% vs median
135 days
187
$68,500 – $4,400,000
$2,986
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