1964 UPPER LOOKOUT KNOLL, Heber City, UT 84032
5BD/—BA Residential in Heber City, UT 84032. 7,860 sqft. Built 2024. Listed at $7,450,000. MLS #2085711.
5BD/—BA Residential in Heber City, UT 84032. 7,860 sqft. Built 2024. Listed at $7,450,000. MLS #2085711.
This luxury retreat at the pinnacle of desirable Red Ledges offers the opportunity to gather with friends and family in a breathtaking setting complemented by the year round recreational opportunities of this extraordinary lifestyle community. Designed by Kevin Price and Carol Levins and built by Red Ledges Construction, this stunning home provides a pervasive feeling of relaxation and expansiveness, bringing the outdoors in with multiple gathering areas highlighting sweeping views of Mt. Timpanogos, Deer Creek Reservoir, Deer Valley East and the Wasatch Mountains. From the moment you enter the front door, this impressive property is drenched in natural light, opening to a stunning foyer with glass sliders leading to a covered outdoor living area with kitchen, fireplace, and breathtaking views of the mountains in the distance. An open-concept layout featuring a gourmet kitchen defined by carefully selected stone and elegant lighting includes an adjacent dining area with a temperature controlled wine wall. A spacious, luxurious primary suite offers the added amenities of a fireplace, beverage bar and private terrace, with two separate, oversized closets and an indulgent, spa-like bathroom with soaking tub and stunning views. Downstairs, two guest bedrooms with private decks and a bunk room are steps away from a second living and entertainment area with a dry sauna and walk-out patio with steps leading down to a private terrace with an 8 person hot tub and oversizedfirepit overlooking the expansive valley and mountain vista in the distance. The epitome of luxury, this layout boasts an additional 1,400 square feet of outdoor living areas, an ideal retreat for day to day enjoyment and entertaining friends and family after golf, tennis, swimming, horse-back riding, biking, or skiing. Red Ledges is a year round lifestyle community with numerous daily ski shuttles to/from Deer Valley Resort and East Village. Additionally,there is a Golf Membership available for this home, and the adjacent lot is available for purchase.
Property Type
Residential
Property Style
Single Family Residence
Stories
2
Subdivision
RED LEDGES
County
Wasatch
Zoning
Single-Family
Construction
Cedar,Stone,Metal Siding
Lot Size
1.12 sq ft
Above Grade Area
3,930 sq ft
Condition
Blt./Standing
MLS #
2085711
Property Type
Residential
Property Style
Single Family Residence
Stories
2
Subdivision
RED LEDGES
County
Wasatch
Zoning
Single-Family
Construction
Cedar,Stone,Metal Siding
Lot Size
1.12 sq ft
Above Grade Area
3,930 sq ft
Condition
Blt./Standing
MLS #
2085711
List Price
$7,450,000
Original Price
$7,900,000
HOA Fees
$3,400 / Annually
Annual Taxes
$38,318
Home Warranty
Yes
List Price
$7,450,000
Original Price
$7,900,000
HOA Fees
$3,400 / Annually
Annual Taxes
$38,318
Home Warranty
Yes
Heating
Electric,Gas: Central,Gas: Stove,Radiant Floor
Cooling
Central Air
Roof
Metal,Tar/Gravel
Flooring
Carpet,Hardwood,Tile
Basement
Full,Walk-Out Access
Materials
Cedar,Stone,Metal Siding
Laundry
Gas Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Lake,Mountain(s),Valley,View: Red Rock
Heating
Electric,Gas: Central,Gas: Stove,Radiant Floor
Cooling
Central Air
Roof
Metal,Tar/Gravel
Flooring
Carpet,Hardwood,Tile
Basement
Full,Walk-Out Access
Materials
Cedar,Stone,Metal Siding
Laundry
Gas Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Lake,Mountain(s),Valley,View: Red Rock
Garage Spaces
3
Covered Spaces
3
Total Parking
3
Garage Spaces
3
Covered Spaces
3
Total Parking
3
Why this is a deal
Classification
Standard
Deal Score
60/100
vs Similar Homes
74% above
vs Market Median
49% above
Price Reduced
5.7%
Area Growth (YoY)
1.5%
Deal Score Breakdown
60/100 · 1 qualifying signal
6% price reduction from original list — seller may be motivated
1.5% year-over-year ZHVI growth in this area
Priced 74% above the median of similar listings
Priced 49% above the per-subtype city median
LT net cashflow -$38,532/mo (-75.3% return on ownership cost) · STR net cashflow -$48,114/mo (-94.0% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
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
$14,350/mo
Range: $10,541 – $18,159
Net Monthly Cash Flow
−$38,532 /mo (−$462,378/yr)
Monthly rental income
Monthly ownership cost
Coverage
28%
Net /mo
−$38,532
DSCR
0.33
Est. Annual Revenue
$52,216/yr
$606/night · 77% occupancy · $113/bedroom · $0.12/sqft
Net Monthly Cash Flow
−$48,114 /mo (−$577,370/yr)
Monthly STR income
Monthly ownership cost
Coverage
9%
Net /mo
−$48,114
DSCR
0.08
Best Download
2 Gbps
Best Upload
1 Gbps
Fiber Available
Yes
Providers
10
Available Providers
$843,000
+784% vs median
107 days
398
$14,900 – $24,000,000
$38,318
$3,400/annually
Moderate
7.8
per 1,000
22.4
per 1,000
14.8
per 1,000
45.0
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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