3855 GRAND SUMMIT, Park City, UT 84098
—BD/—BA Residential in Park City, UT 84098. 388 sqft. Built 2000. Listed at $199,900. MLS #2156037.
—BD/—BA Residential in Park City, UT 84098. 388 sqft. Built 2000. Listed at $199,900. MLS #2156037.
Grand Summit Hotel Fractional Interest located in the BEST location in the Canyons Village with World Class skiing/snowboarding just steps outside your property. Step outside and grab the Gondola or Orange Bubble Express Chairlift and you're on the slopes! Also enjoy the Summer Events that Park City offers. Studio unit that owners will enjoy rotating every 4 weeks. The amazing amenities such as beautiful heated pool, hot tub, steam room, full service spa, fitness center, owners lounge, restaurants, shuttle service, 24 hour front desk, valet, underground parking. Owners receive free parking at the hotel. This is a completely turn key experience. The HOA provides all furniture, dishes, and bedding. Just drop off the key and leave. Great location and value and step outside to the the slopes.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; High Rise
Stories
1
County
Summit
Zoning
Multi-Family
Construction
Stone,Stucco
Lot Size
0.01 sq ft
Above Grade Area
388 sq ft
Condition
Blt./Standing
MLS #
2156037
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; High Rise
Stories
1
County
Summit
Zoning
Multi-Family
Construction
Stone,Stucco
Lot Size
0.01 sq ft
Above Grade Area
388 sq ft
Condition
Blt./Standing
MLS #
2156037
List Price
$199,900
HOA Fees
$603 / Quarterly
Annual Taxes
$151
Home Warranty
No
List Price
$199,900
HOA Fees
$603 / Quarterly
Annual Taxes
$151
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Metal
Flooring
Carpet,Tile
Basement
None
Materials
Stone,Stucco
Appliances
Microwave,Refrigerator
Water Source
Private
Sewer
Sewer: Connected
View
Mountain(s),Valley
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Metal
Flooring
Carpet,Tile
Basement
None
Materials
Stone,Stucco
Appliances
Microwave,Refrigerator
Water Source
Private
Sewer
Sewer: Connected
View
Mountain(s),Valley
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
Why this is a deal
Classification
Exceptional DealDeal Score
100/100
vs Similar Homes
45% below
vs Market Median
51% below
Area Growth (YoY)
-0.6%
Deal Score Breakdown
100/100 · 2 qualifying signals
Priced 45% below the median of similar listings
Priced 51% below the per-subtype city median
LT net cashflow -$223/mo (-15.1% return on ownership cost) · STR net cashflow -$965/mo (-65.4% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
-0.6% year-over-year ZHVI growth in this area
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
$1,424/mo
Range: $1,131 – $1,718
Net Monthly Cash Flow
−$223 /mo (−$2,679/yr)
Monthly rental income
Monthly ownership cost
Coverage
97%
Net /mo
−$223
DSCR
1.26
Est. Annual Revenue
$8,769/yr
$400/night · 39% occupancy · $132/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$965 /mo (−$11,586/yr)
Monthly STR income
Monthly ownership cost
Coverage
50%
Net /mo
−$965
DSCR
0.51
Best Download
2 Gbps
Best Upload
1 Gbps
Fiber Available
Yes
Providers
10
Available Providers
$1,900,000
-89% vs median
82 days
467
$14,000 – $30,500,000
$151
$603/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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