60 PROSPECT, Park City, UT 84060
1BD/—BA Residential in Park City, UT 84060. 1,097 sqft. Built 1900. Listed at $1,250,000. MLS #2154368.
1BD/—BA Residential in Park City, UT 84060. 1,097 sqft. Built 1900. Listed at $1,250,000. MLS #2154368.
PRICE REDUCTION. Newly priced and ready for its next chapter, this is a rare opportunity to create a custom mountain home in the heart of Old Town Park City with much of the upfront planning already completed. Located at the top of Prospect Avenue, the circa-1895 residence is recognized as a Significant Historic Site and has received Historic Preservation Board approval for the proposed preservation work and rear addition, subject to the outlined conditions and final permitting. The thoughtfully designed plans preserve the character of the original mining-era home while introducing a modern addition intended to improve livability, functionality and connection to the surrounding views. A builder has already been selected and is prepared to begin work once the remaining permits are issued, providing the next owner with a clear path toward construction. The elevated setting captures sweeping views across Old Town, Park City Mountain ski runs and the surrounding mountains. Dedicated off-street parking adds significant value in the Historic District, where parking is exceptionally difficult to find. Enjoy convenient access to Historic Main Street, world-class skiing, dining, entertainment and Park City's extensive trail system. Ideal for an end user, investor or developer seeking an approved Old Town Park City renovation and redevelopment opportunity with strong long-term potential. This is a chance to create a one-of-a-kind luxury home without beginning the historic review process from scratch.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
PARK CITY
County
Summit
Zoning
Single-Family
Lot Size
0.05 sq ft
Above Grade Area
723 sq ft
Condition
Blt./Standing
MLS #
2154368
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
PARK CITY
County
Summit
Zoning
Single-Family
Lot Size
0.05 sq ft
Above Grade Area
723 sq ft
Condition
Blt./Standing
MLS #
2154368
List Price
$1,250,000
Annual Taxes
$9,414
Home Warranty
No
List Price
$1,250,000
Annual Taxes
$9,414
Home Warranty
No
Basement
None
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Basement
None
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
100/100
vs Similar Homes
60% below
vs Market Median
20% above
Area Growth (YoY)
-6.2%
Deal Score Breakdown
100/100 · 1 qualifying signal
Priced 60% below the median of similar listings
Priced 20% above the per-subtype city median
-6.2% year-over-year ZHVI growth in this area
LT net cashflow -$5,228/mo (-58.9% return on ownership cost) · STR net cashflow -$7,121/mo (-80.2% 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
$4,147/mo
Range: $3,521 – $4,773
Net Monthly Cash Flow
−$5,228 /mo (−$62,741/yr)
Monthly rental income
Monthly ownership cost
Coverage
47%
Net /mo
−$5,228
DSCR
0.57
Est. Annual Revenue
$30,114/yr
$624/night · 39% occupancy · $237/bedroom · $0.96/sqft
Net Monthly Cash Flow
−$7,120 /mo (−$85,439/yr)
Monthly STR income
Monthly ownership cost
Coverage
28%
Net /mo
−$7,121
DSCR
0.27
Best Download
2 Gbps
Best Upload
2 Gbps
Fiber Available
Yes
Providers
9
Available Providers
$1,875,000
-33% vs median
75 days
640
$12,500 – $55,000,000
$9,414
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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