1765 KINGS PEAK, Heber City, UT 84032
3BD/—BA Residential in Heber City, UT 84032. 3,183 sqft. Built 2015. Listed at $1,495,000. MLS #2154911.
3BD/—BA Residential in Heber City, UT 84032. 3,183 sqft. Built 2015. Listed at $1,495,000. MLS #2154911.
Welcome to your perfect mountain retreat! This charming cottage located within the private gates of Red Ledges presents an incredible value to own in the community and take advantage of all the club has to offer. This home features a spacious, open floor plan with the convenience of main-level living. The indoor/outdoor living spaces blend seamlessly and the second family room on the lower level is ideal for entertaining guests and family. This cottage is perfect for a primary residence or a second home as it is fully HOA maintained including landscaping and snow removal. The location could not be more ideal located within walking distance to the village center amenities and situated near the member's entrance gate allowing for easy access in and out of the community. A Red Ledges Lifestyle Membership is available with deposit. Red Ledges encompasses nearly 2,000 acres of spectacular Utah real estate located 20 minutes from Park City. Red Ledges' luxurious amenities include the award-winning Jack Nicklaus Signature Golf Course, the Jim McLean Golf School and practice facility and a Cliff Drysdale Tennis School. Other amenities include a Swim and Fitness Club, resort-style pool and grill, and an equestrian program offering lessons and trail rides. In the winter, Utah's world-renowned powder can be found a short drive away at Deer Valley Resort where members enjoy an exclusive member partnership with Stag Lodge at Deer Valley and The Deer Crest Club at the St. Regis Deer Valley.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
2
Subdivision
COTTAGE AT RED LEDGES
County
Wasatch
Zoning
Single-Family
Construction
Cedar,Concrete,Stone
Lot Size
0.09 sq ft
Above Grade Area
1,591 sq ft
Condition
Blt./Standing
MLS #
2154911
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
2
Subdivision
COTTAGE AT RED LEDGES
County
Wasatch
Zoning
Single-Family
Construction
Cedar,Concrete,Stone
Lot Size
0.09 sq ft
Above Grade Area
1,591 sq ft
Condition
Blt./Standing
MLS #
2154911
List Price
$1,495,000
HOA Fees
$9,400 / Annually
Annual Taxes
$8,003
Home Warranty
No
List Price
$1,495,000
HOA Fees
$9,400 / Annually
Annual Taxes
$8,003
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Wood
Flooring
Carpet,Hardwood,Tile
Basement
Daylight
Materials
Cedar,Concrete,Stone
Appliances
Ceiling Fan,Dryer,Microwave,Refrigerator,Washer,Water Softener Owned
Patio & Porch
Covered,Porch: Open
Water Source
Culinary,Private,Secondary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Wood
Flooring
Carpet,Hardwood,Tile
Basement
Daylight
Materials
Cedar,Concrete,Stone
Appliances
Ceiling Fan,Dryer,Microwave,Refrigerator,Washer,Water Softener Owned
Patio & Porch
Covered,Porch: Open
Water Source
Culinary,Private,Secondary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Garage Spaces
2
Covered Spaces
2
Total Parking
6
Garage Spaces
2
Covered Spaces
2
Total Parking
6
Why this is a deal
Classification
Great Deal (vs Market)
Deal Score
92/100
vs Similar Homes
3% below
vs Market Median
27% below
Area Growth (YoY)
1.5%
Deal Score Breakdown
92/100 · 1 qualifying signal
Priced 27% below the per-subtype city median
Priced 3% below the median of similar listings
1.5% year-over-year ZHVI growth in this area
LT net cashflow -$6,685/mo (-61.1% return on ownership cost) · STR net cashflow -$9,509/mo (-86.9% 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
$4,844/mo
Range: $3,412 – $6,276
Net Monthly Cash Flow
−$6,685 /mo (−$80,222/yr)
Monthly rental income
Monthly ownership cost
Coverage
44%
Net /mo
−$6,685
DSCR
0.57
Est. Annual Revenue
$24,678/yr
$606/night · 77% occupancy · $113/bedroom · $0.12/sqft
Net Monthly Cash Flow
−$9,509 /mo (−$114,104/yr)
Monthly STR income
Monthly ownership cost
Coverage
19%
Net /mo
−$9,509
DSCR
0.19
Best Download
2 Gbps
Best Upload
2 Gbps
Fiber Available
Yes
Providers
9
Available Providers
$843,000
+77% vs median
101 days
412
$14,900 – $31,000,000
$8,003
$9,400/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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