748 EXPLORER PEAK, Heber City, UT 84032
5BD/—BA Residential in Heber City, UT 84032. 6,146 sqft. Built 2017. Listed at $3,690,000. MLS #2156935.
5BD/—BA Residential in Heber City, UT 84032. 6,146 sqft. Built 2017. Listed at $3,690,000. MLS #2156935.
Experience breathtaking views of Heber Valley and the Wasatch Mountains from this stunning modern mountain retreat along the coveted Explorer Peak Drive within the private gates of Red Ledges. Designed for seamless indoor-outdoor living, the open-concept floor plan features panoramic sliding glass doors, a dramatic double-sided fireplace, and a chef's kitchen with custom cabinetry, waterfall island, plus expansive butler's pantry. All five bedrooms offer luxurious en-suite baths and custom walk-in closets, while the private primary suite showcases a beautiful plaster fireplace. The walkout lower level is built for entertaining with a spacious gathering area, wet bar, stone fireplace, and custom bunk room. Enjoy expansive decks, elevated outdoor spaces, and access to Red Ledges' world-class golf, tennis, fitness, equestrian, and Deer Valley partnerships. This one is worth a peak, schedule your private showing today!
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
RED LEDGES
County
Wasatch
Zoning
Single-Family
Construction
Cedar,Stone
Lot Size
0.82 sq ft
Above Grade Area
2,578 sq ft
Condition
Blt./Standing
MLS #
2156935
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
RED LEDGES
County
Wasatch
Zoning
Single-Family
Construction
Cedar,Stone
Lot Size
0.82 sq ft
Above Grade Area
2,578 sq ft
Condition
Blt./Standing
MLS #
2156935
List Price
$3,690,000
HOA Fees
$2,875 / Annually
Annual Taxes
$32,000
Home Warranty
No
List Price
$3,690,000
HOA Fees
$2,875 / Annually
Annual Taxes
$32,000
Home Warranty
No
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt,Metal
Flooring
Carpet,Hardwood,Tile
Basement
Daylight,Full,Walk-Out Access
Materials
Cedar,Stone
Appliances
Refrigerator
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt,Metal
Flooring
Carpet,Hardwood,Tile
Basement
Daylight,Full,Walk-Out Access
Materials
Cedar,Stone
Appliances
Refrigerator
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
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
65/100
vs Similar Homes
9% below
vs Market Median
24% above
Area Growth (YoY)
4.0%
Deal Score Breakdown
65/100 · 1 qualifying signal
Priced 9% below the median of similar listings
4.0% year-over-year ZHVI growth in this area
Priced 24% above the per-subtype city median
LT net cashflow -$16,132/mo (-61.5% return on ownership cost) · STR net cashflow -$23,529/mo (-89.8% 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.
Why this classification
Monthly Rent
$11,456/mo
Range: $7,591 – $15,322
Net Monthly Cash Flow
−$16,133 /mo (−$193,595/yr)
Monthly rental income
Monthly ownership cost
Coverage
44%
Net /mo
−$16,132
DSCR
0.55
Est. Annual Revenue
$46,021/yr
$606/night · 54% occupancy · $109/bedroom · $0.12/sqft
Net Monthly Cash Flow
−$23,531 /mo (−$282,370/yr)
Monthly STR income
Monthly ownership cost
Coverage
15%
Net /mo
−$23,529
DSCR
0.15
Best Download
1 Gbps
Best Upload
1 Gbps
Fiber Available
Yes
Providers
8
Available Providers
$850,000
+334% vs median
117 days
366
$14,900 – $25,000,000
$32,000
$2,875/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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