1174 EXPLORER PEAK, Heber City, UT 84032
6BD/—BA Residential in Heber City, UT 84032. 7,210 sqft. Built 2023. Listed at $7,400,000. MLS #2159287.
6BD/—BA Residential in Heber City, UT 84032. 7,210 sqft. Built 2023. Listed at $7,400,000. MLS #2159287.
Welcome to an exceptional mountain retreat tucked behind the private gates of Red Ledges, where refined luxury meets timeless alpine charm. This newer built, stunning 6 bedroom, 8 bathroom residence is thoughtfully designed, and showcases an open-concept floor plan with elevated finishes and expansive living spaces ideal for entertaining family and guests. Perfectly positioned on a rare double lot, the property offers enhanced privacy and room to breathe, an uncommon find within the community. Extensive landscaping work was completed by the current owners, including rock walls, trees, and a beautiful yard for play with the afternoon shade. Take in sweeping, unobstructed views of Mount Timpanogos and the entire Heber Valley from multiple vantage points, creating a truly breathtaking backdrop year-round. Offering a full golf membership, residents enjoy access to the award-winning Jack Nicklaus Signature Golf Course at Red Ledges, a premier 18-hole championship course renowned for its dramatic elevation changes, red rock cliffs, and sweeping Wasatch Mountain views. Designed to challenge and inspire players of all skill levels, this world-class course offers a true private club experience with no two holes alike. Conveniently located just 15 minutes from Deer Valley East Village and 25 minutes from Park City, you'll enjoy effortless access to world-class skiing. A rare opportunity to own a legacy property in one of Utah's most sought-after private communities.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
RED LEDGES
County
Wasatch
Zoning
Single-Family
Construction
Stone,Metal Siding,Other
Lot Size
1.96 sq ft
Above Grade Area
4,471 sq ft
Condition
Blt./Standing
MLS #
2159287
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
RED LEDGES
County
Wasatch
Zoning
Single-Family
Construction
Stone,Metal Siding,Other
Lot Size
1.96 sq ft
Above Grade Area
4,471 sq ft
Condition
Blt./Standing
MLS #
2159287
List Price
$7,400,000
HOA Fees
$1,800 / Monthly
Annual Taxes
$50,638
Home Warranty
No
List Price
$7,400,000
HOA Fees
$1,800 / Monthly
Annual Taxes
$50,638
Home Warranty
No
Heating
Forced Air
Cooling
Central Air
Roof
Metal
Flooring
Carpet,Hardwood,Tile
Basement
Walk-Out Access
Materials
Stone,Metal Siding,Other
Patio & Porch
Covered,Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Heating
Forced Air
Cooling
Central Air
Roof
Metal
Flooring
Carpet,Hardwood,Tile
Basement
Walk-Out Access
Materials
Stone,Metal Siding,Other
Patio & Porch
Covered,Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Garage Spaces
4
Covered Spaces
4
Total Parking
4
Garage Spaces
4
Covered Spaces
4
Total Parking
4
Classification
Standard
Deal Score
25/100
vs Similar Homes
63% above
vs Market Median
48% above
Area Growth (YoY)
1.5%
Deal Score Breakdown
25/100
1.5% year-over-year ZHVI growth in this area
Priced 63% above the median of similar listings
Priced 48% above the per-subtype city median
LT net cashflow -$40,870/mo (-76.6% return on ownership cost) · STR net cashflow -$50,268/mo (-94.2% 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
$14,219/mo
Range: $10,445 – $17,994
Net Monthly Cash Flow
−$40,870 /mo (−$490,438/yr)
Monthly rental income
Monthly ownership cost
Coverage
27%
Net /mo
−$40,870
DSCR
0.33
Est. Annual Revenue
$53,404/yr
$606/night · 77% occupancy · $113/bedroom · $0.12/sqft
Net Monthly Cash Flow
−$50,268 /mo (−$603,222/yr)
Monthly STR income
Monthly ownership cost
Coverage
8%
Net /mo
−$50,268
DSCR
0.08
Best Download
1 Gbps
Best Upload
1 Gbps
Fiber Available
Yes
Providers
8
Available Providers
$843,000
+778% vs median
107 days
398
$14,900 – $24,000,000
$50,638
$1,800/monthly
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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