8931 NORTHCOVE, Park City, UT 84098
6BD/—BA Residential in Park City, UT 84098. 5,208 sqft. Built 2004. Listed at $2,750,000. MLS #2152255.
6BD/—BA Residential in Park City, UT 84098. 5,208 sqft. Built 2004. Listed at $2,750,000. MLS #2152255.
Tucked into one of Jeremy Ranch's most peaceful and private settings, this beautifully remodeled home offers comfort, space, and a seamless connection to the outdoors. Backing to 157 acres of open space, the property enjoys sweeping mountain views from Deer Valley to the Uinta Mountains and beyond, creating a sense of calm and openness that's hard to find. Remodeled in 2018 with timeless, high-end finishes, the home is filled with natural light and designed for easy, everyday living. The kitchen is both functional and inviting, featuring rifted oak cabinetry, professional-grade Thermador appliances, a walk-in pantry, and an oversized stone island with waterfall edges. A cozy banquette provides the perfect spot for morning coffee or casual meals, while access to the private backyard patio and expansive front deck makes indoor-outdoor living effortless. The main living area is warm and welcoming, with vaulted ceilings, a floor-to-ceiling stone fireplace, and large windows that bring in natural light throughout the day. The main-level primary suite offers a true retreat with a spa-like bathroom including heated floors, soaking tub, steam shower, and custom walk-in closet. Two additional main-level rooms with built-ins provide flexible space for offices or bedrooms. Upstairs features two bedrooms connected by a Jack-and-Jill bath with a loft, while the lower level offers a second living area and two additional bedrooms--ideal for guests or multi-generational living. With two patios, a spacious view deck, an oversized laundry room, and a three-car garage, this home blends comfort and functionality. With quick access to both Park City and Salt Lake City, this is a true commuter's dream, while still feeling like a quiet retreat. Surrounded by trails and endless recreation, it's a place where neighbors connect, the outdoors is part of daily life and home feels exactly the way it should - Comfortable, welcoming & easy to enjoy.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Tri/Multi-Level
Stories
3
Subdivision
HIDDEN COVE
County
Summit
Zoning
Single-Family
Construction
Stone,Stucco,Other
Lot Size
0.63 sq ft
Above Grade Area
3,844 sq ft
Condition
Blt./Standing
MLS #
2152255
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Tri/Multi-Level
Stories
3
Subdivision
HIDDEN COVE
County
Summit
Zoning
Single-Family
Construction
Stone,Stucco,Other
Lot Size
0.63 sq ft
Above Grade Area
3,844 sq ft
Condition
Blt./Standing
MLS #
2152255
List Price
$2,750,000
HOA Fees
$106 / Annually
Annual Taxes
$7,549
Home Warranty
No
List Price
$2,750,000
HOA Fees
$106 / Annually
Annual Taxes
$7,549
Home Warranty
No
Heating
Forced Air,Radiant Floor
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Full
Materials
Stone,Stucco,Other
Appliances
Ceiling Fan,Dryer,Range Hood,Refrigerator,Washer,Water Softener Owned
Patio & Porch
Covered,Patio: Open
Water Source
Private
Sewer
Septic Tank
View
Mountain(s),Valley
Heating
Forced Air,Radiant Floor
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Full
Materials
Stone,Stucco,Other
Appliances
Ceiling Fan,Dryer,Range Hood,Refrigerator,Washer,Water Softener Owned
Patio & Porch
Covered,Patio: Open
Water Source
Private
Sewer
Septic Tank
View
Mountain(s),Valley
Garage Spaces
3
Covered Spaces
3
Total Parking
3
Garage Spaces
3
Covered Spaces
3
Total Parking
3
Why this is a deal
Classification
Standard
Deal Score
72/100
vs Similar Homes
31% above
vs Market Median
13% below
Area Growth (YoY)
0.2%
Deal Score Breakdown
72/100 · 1 qualifying signal
Priced 13% below the per-subtype city median
Priced 31% above the median of similar listings
0.2% year-over-year ZHVI growth in this area
LT net cashflow -$6,178/mo (-34.3% return on ownership cost) · STR net cashflow -$13,933/mo (-77.4% 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.
Why this classification
Monthly Rent
$13,443/mo
Range: $9,960 – $16,926
Net Monthly Cash Flow
−$6,178 /mo (−$74,138/yr)
Monthly rental income
Monthly ownership cost
Coverage
75%
Net /mo
−$6,178
DSCR
0.86
Est. Annual Revenue
$69,854/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$13,933 /mo (−$167,196/yr)
Monthly STR income
Monthly ownership cost
Coverage
32%
Net /mo
−$13,933
DSCR
0.30
$1,900,000
+45% vs median
82 days
467
$14,000 – $30,500,000
$7,549
$106/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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