1000 UPPER COVE, Park City, UT 84098
7BD/—BA Residential in Park City, UT 84098. 5,795 sqft. Built 2023. Listed at $4,750,000. MLS #2135876.
7BD/—BA Residential in Park City, UT 84098. 5,795 sqft. Built 2023. Listed at $4,750,000. MLS #2135876.
Luxury meets self-sufficiency on 10.38 private acres of pines and aspens in a gated mountain community in Park City. This exceptional home is connected to the electrical grid while also featuring a Tesla Solar Roof with battery backup to keep you powered during power outages, blending cutting-edge energy technology with refined mountain living. An exterior yard fire sprinkler system was installed as an added layer of protection for mountain living. If you're looking for a newer home where thoughtful attention was given to the details, this is it. Completed in 2023, this custom-built retreat offers 7 bedrooms plus a studio guest house, breathtaking mountain views, and seamless indoor-outdoor living with walk-out access at the rear of the home, where four bedrooms open directly onto decks or patios. Designed for both comfort and entertaining, the property features oversized view decks, garage parking for up to eight vehicles, and beautifully landscaped grounds supported by a sprinkler system. Upgraded features you might not notice include 5/8'' drywall throughout, Rockwool insulation in ALL interior walls, blown-in insulation between floors, insulated garages, high-efficiency heat pumps, electrical pre-wired for a hot tub on the back patio, two 1,000-gallon propane tanks in addition to the heat pumps that provide most of the home's heating. The community voted to pave the two main roads, Kimball and Basin, over the next two years, which is a major improvement for the neighborhood. The current owners have already paid their contribution for both years, so no paving assessment will be passed on to the buyer. It is conveniently located just 15 minutes from Kimball Junction, 25 minutes from Park City Main Street and Deer Valley, and 35-45 minutes from Salt Lake City International Airport. It has exceptional privacy without sacrificing convenience. (Total square footage includes both the main home (4,972 sq ft) and the detached studio guest house (823 sq ft), for a total of 5,795 sq ft. Basement 2 in the floor plan/MLS represents the guest house and is not a second basement.)
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
3
Subdivision
STAGECOACH ESTATES
County
Summit
Zoning
Single-Family
Construction
Cement Siding,Metal Siding
Lot Size
10.38 sq ft
Above Grade Area
2,451 sq ft
Condition
Blt./Standing
MLS #
2135876
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
3
Subdivision
STAGECOACH ESTATES
County
Summit
Zoning
Single-Family
Construction
Cement Siding,Metal Siding
Lot Size
10.38 sq ft
Above Grade Area
2,451 sq ft
Condition
Blt./Standing
MLS #
2135876
List Price
$4,750,000
HOA Fees
$1,100 / Annually
Annual Taxes
$9,390
Home Warranty
No
List Price
$4,750,000
HOA Fees
$1,100 / Annually
Annual Taxes
$9,390
Home Warranty
No
Heating
Electric,Heat Pump,Wood
Cooling
Heat Pump
Flooring
Carpet,Laminate,Tile,Slate
Basement
Daylight,Walk-Out Access
Materials
Cement Siding,Metal Siding
Appliances
Ceiling Fan,Dryer,Microwave,Range Hood,Refrigerator,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Septic Tank
View
Mountain(s)
Heating
Electric,Heat Pump,Wood
Cooling
Heat Pump
Flooring
Carpet,Laminate,Tile,Slate
Basement
Daylight,Walk-Out Access
Materials
Cement Siding,Metal Siding
Appliances
Ceiling Fan,Dryer,Microwave,Range Hood,Refrigerator,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Septic Tank
View
Mountain(s)
Garage Spaces
8
Covered Spaces
8
Total Parking
8
Garage Spaces
8
Covered Spaces
8
Total Parking
8
Classification
Standard
Deal Score
25/100
vs Similar Homes
108% above
vs Market Median
44% above
Area Growth (YoY)
1.6%
Deal Score Breakdown
25/100
1.6% year-over-year ZHVI growth in this area
Priced 108% above the median of similar listings
Priced 44% above the per-subtype city median
LT net cashflow -$17,650/mo (-56.8% return on ownership cost) · STR net cashflow -$26,702/mo (-86.0% 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
$15,229/mo
Range: $11,737 – $18,721
Net Monthly Cash Flow
−$17,649 /mo (−$211,793/yr)
Monthly rental income
Monthly ownership cost
Coverage
49%
Net /mo
−$17,650
DSCR
0.56
Est. Annual Revenue
$74,553/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$26,703 /mo (−$320,432/yr)
Monthly STR income
Monthly ownership cost
Coverage
20%
Net /mo
−$26,702
DSCR
0.18
$1,875,000
+153% vs median
77 days
616
$24,900 – $55,000,000
$9,390
$1,100/annually
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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Daryn Edmunds - High Road Properties

Devin Tanner - Utah Realtor
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