3246 HORSEHEAD PEAK, Heber City, UT 84032
4BD/—BA Residential in Heber City, UT 84032. 9,789 sqft. Built 2021. Listed at $13,475,000. MLS #2157309.
4BD/—BA Residential in Heber City, UT 84032. 9,789 sqft. Built 2021. Listed at $13,475,000. MLS #2157309.
This custom architectural masterpiece, designed by Michael Upwall and built by Phelps Construction, sits on 1.93 acres with stunning west-facing views of Mt. Timanogos. Access is available to a full golf membership at Red Ledges with deposit. The residence showcases commercial-grade construction with full-stack imported stone, custom metal trim, and a two-dimensional roof that maximizes the property. Oversized hallways and doorways, an elevator, and 12' lower-level ceilings provide exceptional quality and accessibility. Inside, the dramatic great room features floor-to-ceiling windows, white oak flooring, invisible surround sound, and a striking full-length concrete and steel hearth fireplace. The gourmet kitchen offers Wolf, Sub-Zero, and Cove appliances, including a 60'' dual-fuel range, flowing into 1,100 sq ft of covered al fresco dining with a Wolf outdoor kitchen, gas firepit, and soft-serve ice cream machine. The lavish master suite includes a steam shower, sauna, free-standing tub, and massive custom closet system. Additional highlights include a 12-seat theater with premium sound system, fully equipped gym, and multiple guest suites. Outdoor living is resort-style with a 22' x 65' saltwater pool and spa, large jacuzzi, three outdoor fireplaces, maintenance-free artificial turf, golf practice green, ax throwing, outdoor bed swing, and bespoke water feature. The property includes a fully automated sprinkler/fertilization system and over 100 mature trees. Additional premium features include a massive 10+ car garage (1,900 sq ft main + 1,200 sq ft lower with lift), both heated with polyurea flooring and EV charging, plus a Fort Knox vault. Other luxuries: whole-home Generac generator, 360 surveillance, commercial fire suppression, five HVAC units with purification, heated driveway, hidden trailer pad, and full Control 4 automation. Luxury lives here.
Property Type
Residential
Property Style
Single Family Residence
Stories
2
Subdivision
AMENDED RED LEDGES PHASE 1 AMENDED
County
Wasatch
Zoning
Single-Family
Construction
Stone,Metal Siding
Lot Size
1.79 sq ft
Above Grade Area
4,374 sq ft
Condition
Blt./Standing
MLS #
2157309
Property Type
Residential
Property Style
Single Family Residence
Stories
2
Subdivision
AMENDED RED LEDGES PHASE 1 AMENDED
County
Wasatch
Zoning
Single-Family
Construction
Stone,Metal Siding
Lot Size
1.79 sq ft
Above Grade Area
4,374 sq ft
Condition
Blt./Standing
MLS #
2157309
List Price
$13,475,000
HOA Fees
$3,400 / Annually
Annual Taxes
$31,675
Home Warranty
No
List Price
$13,475,000
HOA Fees
$3,400 / Annually
Annual Taxes
$31,675
Home Warranty
No
Heating
Gas: Central
Cooling
Central Air
Roof
Metal,Tar/Gravel
Flooring
Carpet,Hardwood,Tile
Basement
Walk-Out Access
Materials
Stone,Metal Siding
Appliances
Gas Grill/BBQ,Microwave,Refrigerator,Washer
Patio & Porch
Covered
Water Source
Culinary,Irrigation
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley,View: Red Rock
Heating
Gas: Central
Cooling
Central Air
Roof
Metal,Tar/Gravel
Flooring
Carpet,Hardwood,Tile
Basement
Walk-Out Access
Materials
Stone,Metal Siding
Appliances
Gas Grill/BBQ,Microwave,Refrigerator,Washer
Patio & Porch
Covered
Water Source
Culinary,Irrigation
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley,View: Red Rock
Garage Spaces
10
Covered Spaces
10
Total Parking
10
Garage Spaces
10
Covered Spaces
10
Total Parking
10
Classification
Standard
Deal Score
10/100
vs Similar Homes
242% above
vs Market Median
68% above
Area Growth (YoY)
0.7%
Deal Score Breakdown
10/100
Priced 242% above the median of similar listings
Priced 68% above the per-subtype city median
0.7% year-over-year ZHVI growth in this area
LT net cashflow -$71,238/mo (-80.9% return on ownership cost) · STR net cashflow -$84,632/mo (-96.1% 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
$19,090/mo
Range: $13,289 – $24,891
Net Monthly Cash Flow
−$71,238 /mo (−$854,856/yr)
Monthly rental income
Monthly ownership cost
Coverage
22%
Net /mo
−$71,238
DSCR
0.25
Est. Annual Revenue
$58,369/yr
$139/night · 43% occupancy · $87/bedroom · $0.11/sqft
Net Monthly Cash Flow
−$84,631 /mo (−$1,015,571/yr)
Monthly STR income
Monthly ownership cost
Coverage
6%
Net /mo
−$84,632
DSCR
0.05
Best Download
1 Gbps
Best Upload
1 Gbps
Fiber Available
Yes
Providers
8
Available Providers
$850,000
+1485% vs median
117 days
366
$14,900 – $25,000,000
$31,675
$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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