4755 MOUNTAIN, Millcreek, UT 84124
4BD/—BA Residential in Millcreek, UT 84124. 4,641 sqft. Built 1985. Listed at $1,499,000. MLS #2138228.
4BD/—BA Residential in Millcreek, UT 84124. 4,641 sqft. Built 1985. Listed at $1,499,000. MLS #2138228.
Perched in a prestigious gated enclave of Olympus Cove, this exceptional residence captures breathtaking views of the Salt Lake Valley and Oquirrh Mountains. Thoughtfully designed for both everyday living and elegant entertaining, the home offers a rare main-level primary suite complete with a spacious walk-in closet, creating a private retreat with effortless convenience.The heart of the home is a generous kitchen with a family room, where expansive windows fill the space with natural light. Ideal for gathering, the open layout flows seamlessly to outdoor living areas. The beautifully terraced backyard features a tranquil water feature-perfect for relaxing, entertaining, or enjoying serene mountain evenings. Multiple levels of outdoor space provide opportunities for dining, lounging, and gardening, all set against an unforgettable backdrop. Located in one of Salt Lake City's most coveted neighborhoods, this gated community offers privacy, security, and proximity to world-class recreation, top schools, and downtown amenities.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Tri/Multi-Level
Stories
3
Subdivision
COVE MT OLYMPUS
County
Salt Lake
Zoning
Single-Family
Construction
Frame,Stone,Other
Lot Size
0.21 sq ft
Above Grade Area
3,051 sq ft
Condition
Blt./Standing
MLS #
2138228
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Tri/Multi-Level
Stories
3
Subdivision
COVE MT OLYMPUS
County
Salt Lake
Zoning
Single-Family
Construction
Frame,Stone,Other
Lot Size
0.21 sq ft
Above Grade Area
3,051 sq ft
Condition
Blt./Standing
MLS #
2138228
List Price
$1,499,000
Original Price
$1,550,000
HOA Fees
$237 / Monthly
Annual Taxes
$7,063
Home Warranty
No
List Price
$1,499,000
Original Price
$1,550,000
HOA Fees
$237 / Monthly
Annual Taxes
$7,063
Home Warranty
No
Heating
Forced Air,Gas: Central,Heat Pump,>= 95% efficiency
Cooling
Central Air,Heat Pump
Roof
Asphalt
Flooring
Carpet,Hardwood,Stone
Basement
Daylight,Entrance,Full,Walk-Out Access
Materials
Frame,Stone,Other
Appliances
Ceiling Fan,Trash Compactor,Dryer,Gas Grill/BBQ,Microwave,Refrigerator,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Heating
Forced Air,Gas: Central,Heat Pump,>= 95% efficiency
Cooling
Central Air,Heat Pump
Roof
Asphalt
Flooring
Carpet,Hardwood,Stone
Basement
Daylight,Entrance,Full,Walk-Out Access
Materials
Frame,Stone,Other
Appliances
Ceiling Fan,Trash Compactor,Dryer,Gas Grill/BBQ,Microwave,Refrigerator,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Garage Spaces
4
Covered Spaces
4
Total Parking
8
Garage Spaces
4
Covered Spaces
4
Total Parking
8
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
95/100
vs Similar Homes
22% below
vs Market Median
42% above
Price Reduced
3.3%
Area Growth (YoY)
0.9%
Deal Score Breakdown
95/100 · 1 qualifying signal
Priced 22% below the median of similar listings
3% price reduction from original list — seller may be motivated
LT net cashflow -$2,244/mo (-21.6% return on ownership cost) · STR net cashflow -$7,144/mo (-68.7% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 42% above the per-subtype city median
0.9% year-over-year ZHVI growth in this area
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
$9,263/mo
Range: $6,372 – $12,155
Net Monthly Cash Flow
−$2,245 /mo (−$26,941/yr)
Monthly rental income
Monthly ownership cost
Coverage
89%
Net /mo
−$2,244
DSCR
1.08
Est. Annual Revenue
$55,759/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$7,144 /mo (−$85,722/yr)
Monthly STR income
Monthly ownership cost
Coverage
45%
Net /mo
−$7,144
DSCR
0.43
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
12
Available Providers
$632,700
+137% vs median
44 days
123
$214,000 – $4,495,000
$7,063
$237/monthly
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