740 SPRUCE, Garden City, UT 84028
9BD/—BA Residential in Garden City, UT 84028. 9,140 sqft. Built 2007. Listed at $2,499,000. MLS #2168917.
9BD/—BA Residential in Garden City, UT 84028. 9,140 sqft. Built 2007. Listed at $2,499,000. MLS #2168917.
This is one of the best investment properties we've ever owned. It has generated outstanding nightly rental income while giving our family an incredible place to create memories whenever it isn't occupied. It's truly a kid's dream come to life and a home that continually impresses family, friends, and clients alike. Offered fully furnished, this extraordinary 9 bedroom, 6 bathroom home comfortably sleeps up to 46 guests and is approved for nightly rentals, making it a rare opportunity to own a luxury mountain retreat with exceptional income potential. Luxury Living & Comfort Designed for large gatherings, the home offers spacious living areas, gas fireplaces, and four Trex decks with breathtaking unobstructed views, even from the basement. Every level has its own furnace, air conditioning system, and smart thermostat, allowing independent climate control throughout the home. The entire structure is enveloped with urethane foam and BIB insulation, including between every floor joist, creating exceptional energy efficiency, sound reduction, and year round comfort. Tinted windows further enhance efficiency and comfort. The gourmet kitchen was built to accommodate large groups with granite countertops, stainless steel appliances, an adjoining bistro dining area that seats approximately 38 guests, two sinks, two dishwashers, two ovens, two ranges, two microwaves, and one oversized refrigerator. Just outside is a large propane grill connected directly to the home's propane system, making outdoor cooking simple and convenient. Indoor Playground & Entertainment The indoor playground is truly one of a kind. It features a buried trampoline, basketball court, putting green, slide, swing, playhouse, and fully padded walls from floor to ceiling, creating an incredible space for children to safely play year round. Beyond the playground, the home also includes a theater room, air hockey, ping pong, and custom slides connecting every level of the home, making it an unforgettable destination for guests of all ages. An outdoor playground provides even more space for family fun. Exceptional Engineering & Construction This home was engineered and built to a standard rarely found in residential construction. The suspended 6 car garage spans more than 50 feet with no vertical supports, creating the enormous unobstructed indoor playground below. Originally designed with support columns, the owners invested in a custom engineered structural system designed and built by a parking structure company to eliminate the need for supports and maximize the usable space. The main family room floors were framed 12 inches ,on center, for exceptional strength and rigidity. The home is supported by massive 6 foot wide footings with double mat reinforced foundation walls and was engineered with seismic resilience in mind. Premium Systems & Infrastructure Additional features include five washers and dryers for efficient guest turnovers, lockout owner closets in nearly every bedroom, an on demand water heater, water softener, ManaBloc manifold plumbing system, a 1,000 gallon buried propane tank, drinking fountain, and robust 400 amp electrical service. This is far more than a vacation home. It is a thoughtfully designed custom estate that combines luxury, engineering, entertainment, and proven income potential in a way that is extraordinarily difficult to duplicate.
Property Type
Residential
Property Style
Single Family Residence
Stories
3
Subdivision
BUTTERCUP ESTATES
County
Rich
Zoning
Single-Family, Short Term Rental Allowed
Construction
Stone,Stucco
Lot Size
0.35 sq ft
Above Grade Area
4,890 sq ft
Condition
Blt./Standing
MLS #
2168917
Property Type
Residential
Property Style
Single Family Residence
Stories
3
Subdivision
BUTTERCUP ESTATES
County
Rich
Zoning
Single-Family, Short Term Rental Allowed
Construction
Stone,Stucco
Lot Size
0.35 sq ft
Above Grade Area
4,890 sq ft
Condition
Blt./Standing
MLS #
2168917
List Price
$2,499,000
Annual Taxes
$6,257
Home Warranty
No
List Price
$2,499,000
Annual Taxes
$6,257
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile,Concrete
Basement
Daylight,Full,Walk-Out Access
Materials
Stone,Stucco
Appliances
Ceiling Fan,Dryer,Freezer,Gas Grill/BBQ,Microwave,Range Hood,Refrigerator,Satellite Equipment,Satellite Dish,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Lake,Mountain(s)
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile,Concrete
Basement
Daylight,Full,Walk-Out Access
Materials
Stone,Stucco
Appliances
Ceiling Fan,Dryer,Freezer,Gas Grill/BBQ,Microwave,Range Hood,Refrigerator,Satellite Equipment,Satellite Dish,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Lake,Mountain(s)
Garage Spaces
6
Covered Spaces
6
Total Parking
12
Garage Spaces
6
Covered Spaces
6
Total Parking
12
Why this is a deal
Classification
Standard
Deal Score
77/100
vs Similar Homes
51% above
vs Market Median
14% below
Area Growth (YoY)
5.0%
Deal Score Breakdown
77/100 · 2 qualifying signals
Priced 14% below the per-subtype city median
5.0% year-over-year ZHVI growth in this area
LT net cashflow -$3,440/mo (-21.0% return on ownership cost) · STR net cashflow -$12,611/mo (-76.9% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 51% above the median of similar listings
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
$14,725/mo
Range: $4,062 – $25,387
Net Monthly Cash Flow
−$3,440 /mo (−$41,278/yr)
Monthly rental income
Monthly ownership cost
Coverage
90%
Net /mo
−$3,440
DSCR
1.03
Est. Annual Revenue
$64,910/yr
$427/night · 38% occupancy · $128/bedroom · $0.23/sqft
Net Monthly Cash Flow
−$12,611 /mo (−$151,328/yr)
Monthly STR income
Monthly ownership cost
Coverage
33%
Net /mo
−$12,611
DSCR
0.30
Best Download
500 Mbps
Best Upload
100 Mbps
Fiber Available
No
Providers
7
Available Providers
$655,000
+282% vs median
145 days
185
$68,500 – $4,400,000
$6,257
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