701 2990, Lehi, UT 84043
6BD/—BA Residential in Lehi, UT 84043. 3,472 sqft. Built 2019. Listed at $920,000. MLS #2159504.
6BD/—BA Residential in Lehi, UT 84043. 3,472 sqft. Built 2019. Listed at $920,000. MLS #2159504.
Stunning Park Place Villas home located in one of Lehi's most sought-after communities, where luxury, comfort, and an incredible lifestyle come together. Built in 2019, this meticulously designed Ivory rambler offers an open and inviting floor plan filled with natural light and thoughtfully crafted spaces for both everyday living and entertaining. The spacious great room flows seamlessly into a gourmet kitchen featuring a walk-in pantry, while new main-floor carpet adds a fresh touch throughout. Enjoy movie nights around beautiful custom built-ins and take advantage of over 100% finished daylight basement space, creating abundant room for gathering, relaxing, and entertaining. Situated on a fully landscaped .25-acre lot with a 3-car garage, the backyard is designed for making memories with a playset, in-ground trampoline, basketball hoop, and mature peach trees. Perfectly located adjacent to Ivory Ridge Park and Splash Pad, this family-friendly neighborhood offers minimal through traffic and a true sense of community. Residents enjoy premium amenities including a swimming pool, clubhouse, exercise room, pickleball and tennis courts, while being just minutes from the Murdock Trail, Thanksgiving Point, Skyridge High School, and the future Lehi Utah Temple. This is more than a home-it's a lifestyle. This is one you won't want to miss!
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
PARK PLACE VILLAS PHASE 2
County
Utah
Zoning
Single-Family
Construction
Brick,Stucco,Cement Siding
Lot Size
0.25 sq ft
Above Grade Area
1,709 sq ft
Condition
Blt./Standing
MLS #
2159504
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
PARK PLACE VILLAS PHASE 2
County
Utah
Zoning
Single-Family
Construction
Brick,Stucco,Cement Siding
Lot Size
0.25 sq ft
Above Grade Area
1,709 sq ft
Condition
Blt./Standing
MLS #
2159504
List Price
$920,000
HOA Fees
$106 / Monthly
Annual Taxes
$3,881
Home Warranty
No
List Price
$920,000
HOA Fees
$106 / Monthly
Annual Taxes
$3,881
Home Warranty
No
Heating
Forced Air,Gas: Central,>= 95% efficiency
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Laminate,Tile
Basement
Daylight,Full
Materials
Brick,Stucco,Cement Siding
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Forced Air,Gas: Central,>= 95% efficiency
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Laminate,Tile
Basement
Daylight,Full
Materials
Brick,Stucco,Cement Siding
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected
Garage Spaces
3
Covered Spaces
3
Total Parking
3
Garage Spaces
3
Covered Spaces
3
Total Parking
3
Classification
Standard
Deal Score
45/100
vs Market Median
11% above
Area Growth (YoY)
4.9%
Deal Score Breakdown
45/100
4.9% year-over-year ZHVI growth in this area
Priced 11% above the per-subtype city median
LT net cashflow -$2,680/mo (-42.9% return on ownership cost) · STR net cashflow -$2,251/mo (-36.1% 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
Not enough comparable listings
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
$4,046/mo
Range: $3,446 – $4,645
Net Monthly Cash Flow
−$2,680 /mo (−$32,155/yr)
Monthly rental income
Monthly ownership cost
Coverage
65%
Net /mo
−$2,680
DSCR
0.78
Est. Annual Revenue
$68,395/yr
$364/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$2,251 /mo (−$27,012/yr)
Monthly STR income
Monthly ownership cost
Coverage
91%
Net /mo
−$2,251
DSCR
0.87
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$575,000
+60% vs median
63 days
314
$309,900 – $3,950,000
$3,881
$106/monthly
Low Crime
5.3
per 1,000
11.5
per 1,000
4.5
per 1,000
21.2
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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