3855 GRAND SUMMIT, Park City, UT 84098
2BD/—BA Residential in Park City, UT 84098. 1,238 sqft. Built 2000. Listed at $1,599,000. MLS #2135650.
2BD/—BA Residential in Park City, UT 84098. 1,238 sqft. Built 2000. Listed at $1,599,000. MLS #2135650.
Rare Full Ownership Residence at Grand Summit Hotel. Experience the ultimate in mountain living with this stunning 2-bedroom, 2-bathroom residence at the Grand Summit Hotel in Canyons Village. Featuring lockout capability, this property offers incredible flexibility, allowing you to maximize rental income while enjoying a luxurious retreat for yourself. Situated in a prime location within the Grand Summit Hotel, this ski condo offers expansive windows with views towards the village, surrounding mountains, and the pool. The Cabriolet lift runs right by your window. The property includes two king bedrooms, a spacious living room with additional sleeping capacity, a fully equipped kitchen, and a dining area. Amenities include a 24-hour front desk service, valet and bell service, a full-service spa, fitness room, outdoor pool, hot tub, sauna, steam room, underground parking, shuttle service, an on-site restaurant and caf, kids club, ski and golf club storage, and an owner lounge. Enjoy direct access to the Orange Bubble Express chairlift and the Red Pine Gondola, making this property a true ski-in/ski-out gem. The Grand Summit is also located at the 1st tee of the Canyons Golf Course making it the perfect destination for year-round recreation. Offered fully furnished, and turnkey. Information deemed reliable but not guaranteed. Buyer to verify all information to their satisfaction.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Middle Level
Subdivision
GRAND SUMMIT HOTEL
County
Summit
Zoning
Short Term Rental Allowed
Lot Size
0.03 sq ft
Condition
Blt./Standing
MLS #
2135650
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Middle Level
Subdivision
GRAND SUMMIT HOTEL
County
Summit
Zoning
Short Term Rental Allowed
Lot Size
0.03 sq ft
Condition
Blt./Standing
MLS #
2135650
List Price
$1,599,000
HOA Fees
$7,001 / Quarterly
Annual Taxes
$1,994
Home Warranty
No
List Price
$1,599,000
HOA Fees
$7,001 / Quarterly
Annual Taxes
$1,994
Home Warranty
No
Heating
Forced Air
Cooling
Central Air
Roof
Metal
Flooring
Carpet,Tile
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Forced Air
Cooling
Central Air
Roof
Metal
Flooring
Carpet,Tile
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Covered Spaces
0
Total Parking
1
Covered Spaces
0
Total Parking
1
Classification
Standard
Deal Score
10/100
vs Similar Homes
38% above
vs Market Median
29% above
Area Growth (YoY)
-3.5%
Deal Score Breakdown
10/100
Priced 38% above the median of similar listings
Priced 29% above the per-subtype city median
-3.5% year-over-year ZHVI growth in this area
LT net cashflow -$8,694/mo (-68.3% return on ownership cost) · STR net cashflow -$11,418/mo (-89.7% 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
$4,591/mo
Range: $3,769 – $5,413
Net Monthly Cash Flow
−$8,694 /mo (−$104,329/yr)
Monthly rental income
Monthly ownership cost
Coverage
36%
Net /mo
−$8,694
DSCR
0.50
Est. Annual Revenue
$22,566/yr
$397/night · 39% occupancy · $132/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$11,418 /mo (−$137,011/yr)
Monthly STR income
Monthly ownership cost
Coverage
15%
Net /mo
−$11,418
DSCR
0.16
Best Download
2 Gbps
Best Upload
1 Gbps
Fiber Available
Yes
Providers
10
Available Providers
$1,900,000
-16% vs median
82 days
538
$24,900 – $55,000,000
$1,994
$7,001/quarterly
High Crime
16.7
per 1,000
33.8
per 1,000
7.4
per 1,000
57.9
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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