228 IBAPAH PEAK, Heber City, UT 84032
5BD/—BA Residential in Heber City, UT 84032. 5,728 sqft. Built 2017. Listed at $3,899,000. MLS #2158996.
5BD/—BA Residential in Heber City, UT 84032. 5,728 sqft. Built 2017. Listed at $3,899,000. MLS #2158996.
This home is a breathtaking mountain contemporary masterpiece nestled on a large private lot inside Red Ledges gates. It features an arched entryway that carries through the great room to the outdoor spaces showcasing a picturesque frame of Mt. Timpanogos! With clean lines and a flowing, open floor plan this home is ready to impress. The large chef's kitchen is sure to make the cooks in your life happy. The butler's pantry makes party preparation a breeze and allows for maximum entertaining space without the mess. With a dedicated humdity controlled wine cellar, you're never going to run out your favorite beverages. The large secluded lot has plenty of privacy for your spa time. Pets and other family members are sure to enjoy the fenced backyard with two fire pits, a spa, barbeque, and plenty of open space there is always something to enjoy! An oversized three-car garage is sure to fit all of your toys. This home has an ideal living environment you will never want to leave! There is a golf membership opportunity with deposit available with this property! Red Ledges' luxurious amenities include the award-winning Jack Nicklaus Signature Golf Course, par 3 golf park, the Jim McLean Golf School & Practice Facility, winter shuttle services to Deer Valley, many pickleball and tennis courts, Cliff Drysdale Tennis School, multiple swimming pools, fitness clubs and an equestrian program offering lessons and trail rides. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement. Please call listing agent for additional details or with questions. Call listing agent to arrange showings.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
RED LEDGES
County
Wasatch
Zoning
Single-Family
Construction
Stone,Other
Lot Size
1.23 sq ft
Above Grade Area
2,890 sq ft
Condition
Blt./Standing
MLS #
2158996
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
RED LEDGES
County
Wasatch
Zoning
Single-Family
Construction
Stone,Other
Lot Size
1.23 sq ft
Above Grade Area
2,890 sq ft
Condition
Blt./Standing
MLS #
2158996
List Price
$3,899,000
HOA Fees
$3,400 / Annually
Annual Taxes
$20,483
Home Warranty
No
List Price
$3,899,000
HOA Fees
$3,400 / Annually
Annual Taxes
$20,483
Home Warranty
No
Heating
Forced Air,Gas: Central,>= 95% efficiency
Cooling
Central Air
Roof
Asphalt,Metal
Flooring
Carpet,Hardwood,Tile
Basement
Daylight,Entrance,Full,Walk-Out Access
Materials
Stone,Other
Appliances
Dryer,Range Hood,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s),Valley
Heating
Forced Air,Gas: Central,>= 95% efficiency
Cooling
Central Air
Roof
Asphalt,Metal
Flooring
Carpet,Hardwood,Tile
Basement
Daylight,Entrance,Full,Walk-Out Access
Materials
Stone,Other
Appliances
Dryer,Range Hood,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s),Valley
Garage Spaces
3
Covered Spaces
3
Total Parking
9
Garage Spaces
3
Covered Spaces
3
Total Parking
9
Classification
Standard
Deal Score
45/100
vs Similar Homes
3% above
vs Market Median
98% above
Area Growth (YoY)
4.0%
Deal Score Breakdown
45/100
4.0% year-over-year ZHVI growth in this area
Priced 3% above the median of similar listings
Priced 98% above the per-subtype city median
LT net cashflow -$17,423/mo (-65.5% return on ownership cost) · STR net cashflow -$24,045/mo (-90.3% 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
$10,449/mo
Range: $6,923 – $13,975
Net Monthly Cash Flow
−$17,423 /mo (−$209,077/yr)
Monthly rental income
Monthly ownership cost
Coverage
39%
Net /mo
−$17,423
DSCR
0.47
Est. Annual Revenue
$44,116/yr
$606/night · 54% occupancy · $109/bedroom · $0.12/sqft
Net Monthly Cash Flow
−$24,046 /mo (−$288,549/yr)
Monthly STR income
Monthly ownership cost
Coverage
14%
Net /mo
−$24,045
DSCR
0.13
Best Download
1 Gbps
Best Upload
1 Gbps
Fiber Available
Yes
Providers
8
Available Providers
$850,000
+359% vs median
117 days
366
$14,900 – $25,000,000
$20,483
$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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