223 IBAPAH PEAK, Heber City, UT 84032
7BD/—BA Residential in Heber City, UT 84032. 10,311 sqft. Built 2015. Listed at $6,500,000. MLS #2151944.
7BD/—BA Residential in Heber City, UT 84032. 10,311 sqft. Built 2015. Listed at $6,500,000. MLS #2151944.
Perched within the scenic landscape of Red Ledges, this exceptional 1.29-acre estate captures sweeping views of Mt. Timpanogos and the surrounding red rock formations, all framed by mature juniper trees and native landscaping. Thoughtfully designed with an open-concept floor plan, the home offers seamless indoor-outdoor living with expansive gathering spaces and seven well-appointed en-suite bedrooms, creating an ideal setting for both entertaining and private retreat. Every element of the home has been curated to balance refined mountain luxury with everyday comfort and functionality, resulting in a truly timeless residence suited for legacy ownership. A full Red Ledges Golf Membership is available with deposit, providing access to the community's Jack Nicklaus Signature Golf Course and Golf Park, along with a full suite of amenities including tennis and pickleball courts, resort-style pools, multiple dining venues, a state-of-the-art fitness center, equestrian facilities, and a year-round lifestyle highlighted by a private ski program with shuttle service to Deer Valley.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
County
Wasatch
Construction
Cedar,Stone
Lot Size
1.29 sq ft
Above Grade Area
6,555 sq ft
Condition
Blt./Standing
MLS #
2151944
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
County
Wasatch
Construction
Cedar,Stone
Lot Size
1.29 sq ft
Above Grade Area
6,555 sq ft
Condition
Blt./Standing
MLS #
2151944
List Price
$6,500,000
HOA Fees
$3,400 / Annually
Annual Taxes
$25,891
Home Warranty
No
List Price
$6,500,000
HOA Fees
$3,400 / Annually
Annual Taxes
$25,891
Home Warranty
No
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Walk-Out Access
Materials
Cedar,Stone
Patio & Porch
Covered,Patio: Open
Sewer
Sewer: Connected
View
Lake,Mountain(s),Valley,View: Red Rock
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Walk-Out Access
Materials
Cedar,Stone
Patio & Porch
Covered,Patio: Open
Sewer
Sewer: Connected
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
Classification
Standard
Deal Score
30/100
vs Similar Homes
47% above
vs Market Median
4% above
Area Growth (YoY)
1.5%
Deal Score Breakdown
30/100
Priced 4% above the per-subtype city median
1.5% year-over-year ZHVI growth in this area
Priced 47% above the median of similar listings
LT net cashflow -$25,433/mo (-57.7% return on ownership cost) · STR net cashflow -$40,881/mo (-92.8% 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.
Monthly Rent
$21,148/mo
Range: $15,535 – $26,762
Net Monthly Cash Flow
−$25,434 /mo (−$305,203/yr)
Monthly rental income
Monthly ownership cost
Coverage
48%
Net /mo
−$25,433
DSCR
0.57
Est. Annual Revenue
$54,219/yr
$606/night · 77% occupancy · $113/bedroom · $0.12/sqft
Net Monthly Cash Flow
−$40,879 /mo (−$490,552/yr)
Monthly STR income
Monthly ownership cost
Coverage
10%
Net /mo
−$40,881
DSCR
0.10
Best Download
1 Gbps
Best Upload
1 Gbps
Fiber Available
Yes
Providers
8
Available Providers
$843,000
+671% vs median
107 days
398
$14,900 – $24,000,000
$25,891
$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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Devin Tanner - Utah Realtor
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