779 SILVER, Leeds, UT 84746
4BD/—BA Residential in Leeds, UT 84746. 3,658 sqft. Built 1999. Listed at $3,495,000. MLS #2136582.
4BD/—BA Residential in Leeds, UT 84746. 3,658 sqft. Built 1999. Listed at $3,495,000. MLS #2136582.
Private 34+ acre gated Southern Utah estate offering rare seclusion, sweeping red rock views, and unobstructed open sky at the end of a paved road. Built by Mark Fahrenkamp in 1999 and extensively updated, the 3-bedroom, 3-bath home with den features a dramatic great room and expansive glass-railed deck capturing stunning sunsets. Below the home, a peaceful bass and bluegill stocked pond with lily pads and gazebo creates a serene retreat. The main residence offers a desirable split-bedroom layout with a spacious primary suite featuring two walk-in closets (one with built-in safe) and a custom bath with dual sinks and walk-in shower. Two additional bedrooms each offer nearby or private 3/4 baths. Major 2017 updates include an enclosed back porch with Indian Temple Door, Art Nouveau fireplace, remodeled kitchen and primary bath featuring custom hand made ceramic tile by K.J. Patterson and new flooring throughout. The gourmet kitchen features a large solid granite island, stainless steel countertops, built-in Wolf induction cooktop and oven, touch-activated sinks, integrated-panel dishwasher, walk-in pantry, and a flexible office/butler's pantry/laundry space. The home connects to an attached 2-car garage with utility sink and laundry hookups. Designed for privacy and flexible living, the property includes a converted cold storage basement into a private mother-in-law apartment with separate entrance providing a 4th bedroom and bathroom, kitchenette, full bath, walk-in closet, and studio space. Additional features include an RV garage with mezzanine and multiple entry points, a barn garage (both built into bedrock), plus a bathroom located in the garage/workshop loft. The home is equipped with a whole-house generator with 500-gallon propane tank, two HVAC systems, three hot water tanks, whole-home vacuum and water softener, fire pit, greenhouse, caged garden beds, and drip irrigation. The property includes six culinary water allotments with ASSSD, 1.75 irrigation shares with Leeds Water Company, spans three parcels, and offers future subdivision potential (buyer to verify). A rare opportunity to own a secure, private retreat combining luxury living, water, infrastructure, and long-term self-sufficiency in Southern Utah.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
SILVER VALLEY EST 2 AMD & EXT
County
Washington
Zoning
Single-Family
Construction
Stucco
Lot Size
34.8 sq ft
Above Grade Area
3,191 sq ft
Condition
Blt./Standing
MLS #
2136582
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
SILVER VALLEY EST 2 AMD & EXT
County
Washington
Zoning
Single-Family
Construction
Stucco
Lot Size
34.8 sq ft
Above Grade Area
3,191 sq ft
Condition
Blt./Standing
MLS #
2136582
List Price
$3,495,000
Original Price
$3,850,000
Annual Taxes
$4,271
Home Warranty
No
List Price
$3,495,000
Original Price
$3,850,000
Annual Taxes
$4,271
Home Warranty
No
Heating
Electric,Propane,Wood
Cooling
Central Air
Roof
Tile
Flooring
Hardwood,Tile
Basement
Partial
Materials
Stucco
Appliances
Ceiling Fan,Portable Dishwasher,Dryer,Freezer,Microwave,Range Hood,Refrigerator,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup
Patio & Porch
Covered,Porch: Open
Water Source
Culinary,Private,Rights: Owned
Sewer
None,Septic Tank
View
Mountain(s),Valley,View: Red Rock
Heating
Electric,Propane,Wood
Cooling
Central Air
Roof
Tile
Flooring
Hardwood,Tile
Basement
Partial
Materials
Stucco
Appliances
Ceiling Fan,Portable Dishwasher,Dryer,Freezer,Microwave,Range Hood,Refrigerator,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup
Patio & Porch
Covered,Porch: Open
Water Source
Culinary,Private,Rights: Owned
Sewer
None,Septic Tank
View
Mountain(s),Valley,View: Red Rock
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
73/100
vs Similar Homes
259% above
vs Market Median
297% above
Price Reduced
9.2%
Area Growth (YoY)
5.8%
Deal Score Breakdown
73/100 · 2 qualifying signals
9% price reduction from original list — seller may be motivated
5.8% year-over-year ZHVI growth in this area
Priced 259% above the median of similar listings
Priced 297% above the per-subtype city median
LT net cashflow -$17,876/mo (-79.2% return on ownership cost) · STR net cashflow -$20,529/mo (-91.0% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
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
$5,323/mo
Range: $2,185 – $8,462
Net Monthly Cash Flow
−$17,876 /mo (−$214,512/yr)
Monthly rental income
Monthly ownership cost
Coverage
24%
Net /mo
−$17,876
DSCR
0.27
Est. Annual Revenue
$34,813/yr
$166/night · 31% occupancy · $99/bedroom · $0.13/sqft
Net Monthly Cash Flow
−$20,529 /mo (−$246,347/yr)
Monthly STR income
Monthly ownership cost
Coverage
13%
Net /mo
−$20,529
DSCR
0.12
Best Download
1 Gbps
Best Upload
30 Mbps
Fiber Available
No
Providers
8
Available Providers
$579,000
+504% vs median
99 days
5
$669,000 – $3,495,000
$4,271
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Devin Tanner - Utah Realtor
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