60 PROSPECT, Park City, UT 84060
1BD/—BA Residential in Park City, UT 84060. 1,097 sqft. Built 1900. Listed at $1,350,000. MLS #2154368.
1BD/—BA Residential in Park City, UT 84060. 1,097 sqft. Built 1900. Listed at $1,350,000. MLS #2154368.
Rare Old Town Park City redevelopment opportunity in the Historic District. Located at the top of Prospect Avenue, this gutted property is ready for a full custom build with plans. Designed to preserve historic charm while introducing a modern mountain aesthetic, the proposed expansion maximizes livability, views, and value. The elevated lot captures sweeping views of Old Town, ski runs, and surrounding mountains. Premier location just steps to Main Street, world-class skiing, dining, and trail access. Dedicated parking-an exceptional and rare feature in Old Town. Ideal for investors, developers, or end users looking to create a custom luxury home in one of Park City's most sought-after neighborhoods. Strong upside potential with plans already in motion.
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
$1,350,000
Annual Taxes
$9,414
Home Warranty
No
List Price
$1,350,000
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
29% above
Area Growth (YoY)
-6.2%
Deal Score Breakdown
100/100 · 1 qualifying signal
Priced 60% below the median of similar listings
Priced 29% above the per-subtype city median
-6.2% year-over-year ZHVI growth in this area
LT net cashflow -$6,530/mo (-69.3% return on ownership cost) · STR net cashflow -$7,576/mo (-80.4% 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
$3,290/mo
Range: $2,504 – $4,076
Net Monthly Cash Flow
−$6,530 /mo (−$78,361/yr)
Monthly rental income
Monthly ownership cost
Coverage
35%
Net /mo
−$6,530
DSCR
0.42
Est. Annual Revenue
$31,700/yr
$668/night · 38% occupancy · $241/bedroom · $1.01/sqft
Net Monthly Cash Flow
−$7,575 /mo (−$90,905/yr)
Monthly STR income
Monthly ownership cost
Coverage
28%
Net /mo
−$7,576
DSCR
0.27
Best Download
2 Gbps
Best Upload
2 Gbps
Fiber Available
Yes
Providers
10
Available Providers
$1,900,000
-29% vs median
82 days
549
$24,900 – $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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