1978 COLETTE, Lake Point, UT 84074
4BD/—BA Residential in Lake Point, UT 84074. 4,948 sqft. Built 2023. Listed at $710,000. MLS #2154638.
4BD/—BA Residential in Lake Point, UT 84074. 4,948 sqft. Built 2023. Listed at $710,000. MLS #2154638.
Built in 2023, this better-than-new Lake Point home offers a custom four-season sunroom designed for year-round enjoyment. The home features a thoughtfully upgraded kitchen with quality finishes, along with a fully landscaped yard that's ready to enjoy. The backyard is fully fenced with double gates and includes space for RV parking (up to 30 feet), an in-ground trampoline, and a 12' x 16' Tuff Shed for additional storage. Inside and out, you'll find practical upgrades like custom window well covers with EZ Lift systems and overhead garage storage racks. The backyard opens to protected green space with unobstructed views, creating a peaceful setting and beautiful sunsets. Located in Lake Point, this home offers a quieter lifestyle with convenient access to everything you need-approximately 25 minutes to downtown Salt Lake City and about 35 minutes to the University of Utah and Research Park. Move-in ready and thoughtfully finished, this home offers the benefits of new construction without the wait.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
SADDLEBACK
County
Tooele
Zoning
Single-Family
Construction
Stone,Stucco,Cement Siding
Lot Size
0.25 sq ft
Above Grade Area
2,847 sq ft
Condition
Blt./Standing
MLS #
2154638
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
SADDLEBACK
County
Tooele
Zoning
Single-Family
Construction
Stone,Stucco,Cement Siding
Lot Size
0.25 sq ft
Above Grade Area
2,847 sq ft
Condition
Blt./Standing
MLS #
2154638
List Price
$710,000
HOA Fees
$45 / Quarterly
Annual Taxes
$4,168
Home Warranty
Yes
List Price
$710,000
HOA Fees
$45 / Quarterly
Annual Taxes
$4,168
Home Warranty
Yes
Heating
Forced Air,Gas: Central,>= 95% efficiency
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Laminate,Vinyl
Basement
Full
Materials
Stone,Stucco,Cement Siding
Appliances
Ceiling Fan,Microwave,Range Hood,Water Softener Owned
Laundry
Electric Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Lake,Mountain(s)
Heating
Forced Air,Gas: Central,>= 95% efficiency
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Laminate,Vinyl
Basement
Full
Materials
Stone,Stucco,Cement Siding
Appliances
Ceiling Fan,Microwave,Range Hood,Water Softener Owned
Laundry
Electric Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Lake,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
Strong Cash FlowDeal Score
95/100
vs Similar Homes
14% above
vs Market Median
1% below
Area Growth (YoY)
5.3%
Deal Score Breakdown
95/100 · 2 qualifying signals
LT net cashflow +$1,333/mo (+27.5% return on ownership cost) · STR net cashflow -$3,131/mo (-64.6% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
5.3% year-over-year ZHVI growth in this area
Priced 1% below the per-subtype city median
Priced 14% above the median of similar listings
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
$7,022/mo
Range: $3,485 – $10,560
Net Monthly Cash Flow
+$1,332 /mo (+$15,984/yr)
Monthly rental income
Monthly ownership cost
Coverage
145%
Net /mo
+$1,333
DSCR
1.75
Est. Annual Revenue
$29,410/yr
$139/night · 70% occupancy · $54/bedroom · $0.04/sqft
Net Monthly Cash Flow
−$3,132 /mo (−$37,586/yr)
Monthly STR income
Monthly ownership cost
Coverage
51%
Net /mo
−$3,131
DSCR
0.48
Best Download
2 Gbps
Best Upload
1 Gbps
Fiber Available
Yes
Providers
9
Available Providers
$604,990
+17% vs median
93 days
21
$504,990 – $1,200,000
$4,168
$45/quarterly
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