3311 COVE, Layton, UT 84040
7BD/—BA Residential in Layton, UT 84040. 7,551 sqft. Built 1992. Listed at $2,000,000. MLS #2154314.
7BD/—BA Residential in Layton, UT 84040. 7,551 sqft. Built 1992. Listed at $2,000,000. MLS #2154314.
Homes like this rarely come up on Layton's upper bench. Backing directly to Adams Canyon, this extensively renovated home offers unobstructed views, exceptional privacy, and a setting that is difficult to replicate, with no rear neighbors and direct access to the Wasatch Mountains. With approximately $450,000 in upgrades, the home has been updated throughout while maintaining the space and presence of an established property. From the new stucco exterior and front door to updated flooring, molding, and finishes, nearly every major surface has been improved. Natural light pours in through oversized windows, complemented by soaring ceiling heights and a layout that feels open and comfortable. The kitchen features high-end appliances, a generous workspace, and seamless flow into the surrounding living areas. The main level includes a spacious primary suite along with an additional ensuite bedroom that works well for guests or a home office, offering flexibility that is hard to find. The outdoor setting is what truly separates this property. The yard offers a rare combination of usability and privacy for the upper bench, with a park like feel and space to relax or entertain. A newly built deck extends the living space and captures views of Antelope Island and the Great Salt Lake, while sitting at the base of the mountains. Direct access to hiking and mountain biking trails, including the Bonneville Shoreline Trail and the full canyon trail network, places one of the area's most well known waterfall hikes within easy reach from your back door. A large storage area beneath the garage provides space for tools, gear, and recreational equipment without giving up garage functionality. Convenient access to nearby amenities, commuter routes, and a community pool round out the setting. All property information, boundaries, and documents to be verified by the buyer.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
TANGLEWOOD/TWIN PEAK
County
Davis
Construction
Brick,Stucco
Lot Size
0.76 sq ft
Above Grade Area
3,858 sq ft
Condition
Blt./Standing
MLS #
2154314
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
TANGLEWOOD/TWIN PEAK
County
Davis
Construction
Brick,Stucco
Lot Size
0.76 sq ft
Above Grade Area
3,858 sq ft
Condition
Blt./Standing
MLS #
2154314
List Price
$2,000,000
HOA Fees
$650 / Annually
Annual Taxes
$6,068
Home Warranty
No
List Price
$2,000,000
HOA Fees
$650 / Annually
Annual Taxes
$6,068
Home Warranty
No
Heating
Forced Air,Gas: Central,Wood
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Laminate,Tile
Basement
Daylight,Full,Walk-Out Access
Materials
Brick,Stucco
Appliances
Ceiling Fan,Dryer,Microwave,Range Hood,Refrigerator,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Lake,Mountain(s),Valley
Heating
Forced Air,Gas: Central,Wood
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Laminate,Tile
Basement
Daylight,Full,Walk-Out Access
Materials
Brick,Stucco
Appliances
Ceiling Fan,Dryer,Microwave,Range Hood,Refrigerator,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Lake,Mountain(s),Valley
Garage Spaces
6
Covered Spaces
6
Total Parking
6
Garage Spaces
6
Covered Spaces
6
Total Parking
6
Why this is a deal
Classification
Standard
Deal Score
62/100
vs Similar Homes
130% above
vs Market Median
57% above
Area Growth (YoY)
5.4%
Deal Score Breakdown
62/100 · 1 qualifying signal
5.4% year-over-year ZHVI growth in this area
LT net cashflow -$1,630/mo (-12.4% return on ownership cost) · STR net cashflow -$8,651/mo (-65.6% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 130% above the median of similar listings
Priced 57% 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
$13,139/mo
Range: $2,426 – $23,853
Net Monthly Cash Flow
−$1,631 /mo (−$19,569/yr)
Monthly rental income
Monthly ownership cost
Coverage
100%
Net /mo
−$1,630
DSCR
1.16
Est. Annual Revenue
$77,862/yr
$364/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$8,651 /mo (−$103,815/yr)
Monthly STR income
Monthly ownership cost
Coverage
49%
Net /mo
−$8,651
DSCR
0.46
$500,000
+300% vs median
59 days
176
$214,900 – $2,500,000
$6,068
$650/annually
Moderate
9.3
per 1,000
25.7
per 1,000
9.3
per 1,000
44.4
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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