4552 ZARAHEMLA, Millcreek, UT 84124
5BD/—BA Residential in Millcreek, UT 84124. 7,261 sqft. Built 1993. Listed at $4,495,000. MLS #2152913.
5BD/—BA Residential in Millcreek, UT 84124. 7,261 sqft. Built 1993. Listed at $4,495,000. MLS #2152913.
**Sunset Open House ~ Thursday, July 2 ~ 7-9pm ** Nestled on a secluded 1.42 acre lot, this gated mountain retreat on Zarahemla Drive is a one of a kind property that you won't want to miss. This beautiful home was fully remodeled, down to the studs in 2013! The soaring windows offer breathtaking views and an abundance of natural light, making this residence a true sanctuary. Step inside and be immediately captivated by the rich, handcrafted Alder, Oak and Cherry woodwork that adorns every corner, from the wood beams in the vaulted ceilings to the custom cabinetry in the entertainers kitchen. Every sunset in this home makes you feel like you're on vacation. Through the sliding glass doors you will find your private deck, where nature and luxury living meet. Unwind in the stunning infinity hot tub, perfectly positioned to offer uninterrupted, panoramic views of the surrounding mountains and city skyline - where the sunsets are unmatched anywhere in Olympus Cove. Each evening the sky transforms into an unforgettable panoramic display, painting the sky in changing hues that must be seen to be believed. The primary suite features its own fireplace and en-suite bathroom with a deep walk in closet. The open-concept floor plan is designed for both entertaining and relaxed living. The large stone fireplace in the great room sets the tone for winter nights, while the wall of windows brings the beauty of the mountains indoors. On the lower level, an indoor 32 ft. heated pool and spa allowing year-round enjoyment and sweeping views of the entire valley, complemented by a fully equipped wet bar, a ping pong table, pool table room and a fireplace. Three additional bedrooms and bathrooms on this level will accommodate your needs. The private lane with a heated driveway and three-plus car garage is perfect for storing your cars and bikes. The maintenance free copper roof and chimneys add lasting durability to this exceptional home. With breathtaking views, exceptional craftsmanship, and sophisticated design, this home defines mountain living at its finest. Short Term Seller Financing Available at 4.5%
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
MT. OLYMPUS COVE
County
Salt Lake
Zoning
Single-Family
Construction
Stone,Stucco
Lot Size
1.42 sq ft
Above Grade Area
3,427 sq ft
Condition
Blt./Standing
MLS #
2152913
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
MT. OLYMPUS COVE
County
Salt Lake
Zoning
Single-Family
Construction
Stone,Stucco
Lot Size
1.42 sq ft
Above Grade Area
3,427 sq ft
Condition
Blt./Standing
MLS #
2152913
List Price
$4,495,000
Annual Taxes
$20,608
Home Warranty
No
List Price
$4,495,000
Annual Taxes
$20,608
Home Warranty
No
Heating
Forced Air,Gas: Central,Gas: Stove
Cooling
Central Air
Roof
Metal
Flooring
Carpet,Hardwood,Tile,Slate
Basement
Daylight,Entrance,Walk-Out Access
Materials
Stone,Stucco
Appliances
Ceiling Fan,Dryer,Microwave,Range Hood,Refrigerator,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Lake,Mountain(s),Valley
Heating
Forced Air,Gas: Central,Gas: Stove
Cooling
Central Air
Roof
Metal
Flooring
Carpet,Hardwood,Tile,Slate
Basement
Daylight,Entrance,Walk-Out Access
Materials
Stone,Stucco
Appliances
Ceiling Fan,Dryer,Microwave,Range Hood,Refrigerator,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Lake,Mountain(s),Valley
Garage Spaces
3
Covered Spaces
3
Total Parking
13
Garage Spaces
3
Covered Spaces
3
Total Parking
13
Classification
Standard
Deal Score
10/100
vs Similar Homes
92% above
vs Market Median
60% above
Area Growth (YoY)
0.8%
Deal Score Breakdown
10/100
Priced 92% above the median of similar listings
Priced 60% above the per-subtype city median
0.8% year-over-year ZHVI growth in this area
LT net cashflow -$16,330/mo (-53.9% return on ownership cost) · STR net cashflow -$26,207/mo (-86.6% 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
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.
Monthly Rent
$15,846/mo
Range: $9,236 – $22,457
Net Monthly Cash Flow
−$16,331 /mo (−$195,966/yr)
Monthly rental income
Monthly ownership cost
Coverage
52%
Net /mo
−$16,330
DSCR
0.62
Est. Annual Revenue
$69,726/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$26,207 /mo (−$314,484/yr)
Monthly STR income
Monthly ownership cost
Coverage
19%
Net /mo
−$26,207
DSCR
0.18
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
11
Available Providers
$650,000
+592% vs median
38 days
118
$214,000 – $4,495,000
$20,608
Listed by
Stephanie Poulos ArrasiBerkshire Hathaway HomeServices Utah Properties (Salt Lake)
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