831 EXPLORER PEAK, Heber City, UT 84032
7BD/—BA Residential in Heber City, UT 84032. 20,905 sqft. Built 2017. Listed at $14,995,000. MLS #2159615.
7BD/—BA Residential in Heber City, UT 84032. 20,905 sqft. Built 2017. Listed at $14,995,000. MLS #2159615.
Elevated above the rest, this striking mountain estate claims one of the most commanding ridgelines within the coveted Red Ledges gated community, offering panoramic views that sweep across the Wasatch Range and Heber Valley. Designed by visionary architect Michael Upwall and brought to life by the renowned Shawn Johnstun, this exceptional residence blends bold architectural form with the warmth and function of a true legacy retreat. Just 15 minutes from Deer Valley Resort, the home balances alpine seclusion with resort-level accessibility. Nearly 21,000 square feet of thoughtfully designed living space offers an extraordinary backdrop for both intimate moments and grand entertaining. Every detail has been considered, with timeless materials, flawless craftsmanship, and seamless indoor-outdoor flow throughout. World-class amenities include an indoor sport court, a fitness suite with private sauna and steam rooms, a 50-foot indoor pool and spa, and a 2,000 square foot rooftop putting green with sweeping alpine vistas. A state-of-the-art indoor golf simulator ensures year-round play, no matter the weather. Expansive terraces with fire features and built-in audio create the perfect setting for relaxed mountain evenings and unforgettable events. The home offers 7 bedrooms and 11 bathrooms, including a serene primary wing, a two-bedroom private guest casita with full kitchen and garage, and a whimsical custom bunk room designed to host generations of guests in style. Offered fully furnished with custom-selected pieces and artwork, the interiors are ready for effortless move-in. The grounds are as extraordinary as the interiors, with cascading water features, massive Wyoming boulders, manicured lawns, and a private 75-yard par 3 golf hole with an infinity-edge green. It's all surrounded by the natural beauty and stillness of the mountain landscape. Red Ledges premier club amenities include the Jack Nicklaus Signature Golf Course, ski and adventure clubs.
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
2.17 sq ft
Above Grade Area
9,209 sq ft
Condition
Blt./Standing
MLS #
2159615
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
2.17 sq ft
Above Grade Area
9,209 sq ft
Condition
Blt./Standing
MLS #
2159615
List Price
$14,995,000
HOA Fees
$3,400 / Annually
Annual Taxes
$83,141
Home Warranty
No
List Price
$14,995,000
HOA Fees
$3,400 / Annually
Annual Taxes
$83,141
Home Warranty
No
Heating
Forced Air,Gas: Central,Radiant Floor
Cooling
Central Air
Roof
Metal
Flooring
Carpet,Hardwood,Tile
Basement
Walk-Out Access
Materials
Stone,Metal Siding,Other
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s),Valley
Heating
Forced Air,Gas: Central,Radiant Floor
Cooling
Central Air
Roof
Metal
Flooring
Carpet,Hardwood,Tile
Basement
Walk-Out Access
Materials
Stone,Metal Siding,Other
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s),Valley
Garage Spaces
14
Covered Spaces
14
Total Parking
14
Garage Spaces
14
Covered Spaces
14
Total Parking
14
Classification
Standard
Deal Score
25/100
vs Similar Homes
126% above
vs Market Median
63% above
Area Growth (YoY)
1.5%
Deal Score Breakdown
25/100
1.5% year-over-year ZHVI growth in this area
Priced 126% above the median of similar listings
Priced 63% above the per-subtype city median
LT net cashflow -$65,830/mo (-64.2% return on ownership cost) · STR net cashflow -$98,567/mo (-96.2% 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
$41,643/mo
Range: $29,334 – $53,953
Net Monthly Cash Flow
−$65,831 /mo (−$789,967/yr)
Monthly rental income
Monthly ownership cost
Coverage
41%
Net /mo
−$65,830
DSCR
0.49
Est. Annual Revenue
$67,025/yr
$606/night · 77% occupancy · $113/bedroom · $0.12/sqft
Net Monthly Cash Flow
−$98,567 /mo (−$1,182,806/yr)
Monthly STR income
Monthly ownership cost
Coverage
6%
Net /mo
−$98,567
DSCR
0.05
Best Download
1 Gbps
Best Upload
1 Gbps
Fiber Available
Yes
Providers
8
Available Providers
$843,000
+1679% vs median
101 days
412
$14,900 – $31,000,000
$83,141
$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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