7296 RIDGE, Lake Point, UT 84074
5BD/—BA Residential in Lake Point, UT 84074. 3,703 sqft. Built 2007. Listed at $785,000. MLS #2174187.
5BD/—BA Residential in Lake Point, UT 84074. 3,703 sqft. Built 2007. Listed at $785,000. MLS #2174187.
Experience luxury country living in this immaculate home that shows better than new, perfectly situated on a spacious 1-acre corner lot with breathtaking mountain, valley, and lake views. From the beautifully landscaped front yard and inviting entryway to the thoughtfully designed interior, every detail has been carefully crafted to create a warm and welcoming atmosphere. This versatile property offers endless possibilities, whether you envision keeping horses or other animals, building a shop, barn, detached garage, swimming pool, or creating the ultimate outdoor recreation space. An additional gravel driveway provides convenient side and rear access, while direct access from the property allows you to enjoy UTV, ATV, horseback, and biking trails right from your backyard. The oversized 3-car garage, RV parking, and extensive parking space make it easy to accommodate all your vehicles and outdoor toys. The professionally landscaped yard features automatic sprinklers with a drip irrigation system, a charming chicken coop, and plenty of room to relax or entertain while enjoying spectacular sunsets from the patio. Inside, the open-concept floor plan is designed for both everyday living and entertaining. The spacious great room centers around a cozy fireplace and flows seamlessly into the gourmet kitchen, complete with granite countertops, abundant cabinetry, and generous workspace for those who love to cook. The main level also features a dedicated office, three bedrooms, and a luxurious primary suite with its own fireplace, French doors leading to the patio, and a spa-inspired ensuite bathroom. Beautiful hardwood flooring, tile, and plush carpet add warmth and elegance throughout. The basement expands the living space with an additional office, a large family room currently used as a home gym, two additional bedrooms, abundant storage, and a convenient cold storage room. A valuable water share is included with the sale.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
LAKEPOINT ESTATES
County
Tooele
Zoning
Single-Family
Construction
Asphalt,Stone,Stucco
Lot Size
1 sq ft
Above Grade Area
1,781 sq ft
Condition
Blt./Standing
MLS #
2174187
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
LAKEPOINT ESTATES
County
Tooele
Zoning
Single-Family
Construction
Asphalt,Stone,Stucco
Lot Size
1 sq ft
Above Grade Area
1,781 sq ft
Condition
Blt./Standing
MLS #
2174187
List Price
$785,000
Annual Taxes
$4,874
Home Warranty
No
List Price
$785,000
Annual Taxes
$4,874
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Full
Materials
Asphalt,Stone,Stucco
Appliances
Ceiling Fan,Portable Dishwasher,Microwave
Laundry
Electric Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary,Shares
Sewer
Sewer: Connected
View
Lake,Mountain(s),Valley
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Full
Materials
Asphalt,Stone,Stucco
Appliances
Ceiling Fan,Portable Dishwasher,Microwave
Laundry
Electric Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary,Shares
Sewer
Sewer: Connected
View
Lake,Mountain(s),Valley
Garage Spaces
3
Covered Spaces
3
Total Parking
9
Garage Spaces
3
Covered Spaces
3
Total Parking
9
Why this is a deal
Classification
Standard
Deal Score
70/100
vs Similar Homes
21% above
vs Market Median
22% above
Area Growth (YoY)
7.9%
Deal Score Breakdown
70/100 · 1 qualifying signal
7.9% year-over-year ZHVI growth in this area
LT net cashflow -$950/mo (-17.3% return on ownership cost) · STR net cashflow -$4,260/mo (-77.6% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 21% above the median of similar listings
Priced 22% above the per-subtype city median
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
$5,158/mo
Range: $3,936 – $6,379
Net Monthly Cash Flow
−$950 /mo (−$11,394/yr)
Monthly rental income
Monthly ownership cost
Coverage
94%
Net /mo
−$950
DSCR
1.12
Est. Annual Revenue
$21,058/yr
$164/night · 51% occupancy · $55/bedroom · $0.06/sqft
Net Monthly Cash Flow
−$4,260 /mo (−$51,116/yr)
Monthly STR income
Monthly ownership cost
Coverage
32%
Net /mo
−$4,260
DSCR
0.30
Best Download
2 Gbps
Best Upload
2 Gbps
Fiber Available
Yes
Providers
11
Available Providers
$659,990
+19% vs median
163 days
28
$494,000 – $979,999
$4,874
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Devin Tanner - Utah Realtor

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Daryn Edmunds - High Road Properties
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