1940 PROSPECTOR, Park City, UT 84060
—BD/—BA Residential in Park City, UT 84060. 280 sqft. Built 1988. Listed at $270,000. MLS #2159224.
—BD/—BA Residential in Park City, UT 84060. 280 sqft. Built 1988. Listed at $270,000. MLS #2159224.
Welcome to the most upgraded studio in Carriage House - fully remodeled in 2023 and the only unit in the building with a dedicated heat pump for both heating and air conditioning, a rare luxury in Park City. You'll also enjoy the building's only ground-floor walk-out patio, a private semi-enclosed outdoor space accessible via sliding glass doors - perfect for gear storage, morning coffee, or winding down after a day on the mountain. Inside, everything is fresh: LVP flooring throughout, dark cabinetry with butcher block counters, stainless appliances, and an updated bath. The unit is turnkey and fully furnished with two queen beds - ready for personal use or immediate rental income. Short-term rentals are permitted with no rental cap. Located steps from the free Park City transit line with direct access to Main Street, PCMR, and Deer Valley. The Historic Rail Trail runs adjacent to the building. HOA covers water, sewer, trash, and snow removal at just $286/month - one of the lowest HOA fees in the Prospector Square area. Building amenities include a heated outdoor pool, indoor hot tub/spa, fire pit, and on-site laundry. Seller financing available - call agent for details. Square footage figures are provided as a courtesy estimate only and were obtained from County Records. Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Studio
Stories
1
Subdivision
CARRIAGE HOUSE CONDOMINIUMS
County
Summit
Zoning
Single-Family, Short Term Rental Allowed
Lot Size
0.1 sq ft
Above Grade Area
280 sq ft
Condition
Blt./Standing
MLS #
2159224
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Studio
Stories
1
Subdivision
CARRIAGE HOUSE CONDOMINIUMS
County
Summit
Zoning
Single-Family, Short Term Rental Allowed
Lot Size
0.1 sq ft
Above Grade Area
280 sq ft
Condition
Blt./Standing
MLS #
2159224
List Price
$270,000
Original Price
$279,000
HOA Fees
$286 / Monthly
Annual Taxes
$1,466
Home Warranty
No
List Price
$270,000
Original Price
$279,000
HOA Fees
$286 / Monthly
Annual Taxes
$1,466
Home Warranty
No
Heating
Heat Pump
Cooling
Heat Pump,Natural Ventilation
Basement
None
Patio & Porch
Covered
Sewer
Sewer: Available,Sewer: Public
Heating
Heat Pump
Cooling
Heat Pump,Natural Ventilation
Basement
None
Patio & Porch
Covered
Sewer
Sewer: Available,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
95/100
vs Similar Homes
24% below
vs Market Median
2% above
Price Reduced
3.2%
Area Growth (YoY)
-2.2%
Deal Score Breakdown
95/100 · 1 qualifying signal
Priced 24% below the median of similar listings
3% price reduction from original list — seller may be motivated
Priced 2% above the per-subtype city median
-2.2% year-over-year ZHVI growth in this area
LT net cashflow -$853/mo (-39.9% return on ownership cost) · STR net cashflow -$1,382/mo (-64.7% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
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
$1,458/mo
Range: $805 – $2,112
Net Monthly Cash Flow
−$853 /mo (−$10,239/yr)
Monthly rental income
Monthly ownership cost
Coverage
68%
Net /mo
−$853
DSCR
0.94
Est. Annual Revenue
$12,925/yr
$668/night · 38% occupancy · $241/bedroom · $1.01/sqft
Net Monthly Cash Flow
−$1,383 /mo (−$16,598/yr)
Monthly STR income
Monthly ownership cost
Coverage
50%
Net /mo
−$1,382
DSCR
0.55
Best Download
2 Gbps
Best Upload
1 Gbps
Fiber Available
Yes
Providers
10
Available Providers
$1,900,000
-86% vs median
82 days
549
$24,900 – $55,000,000
$1,466
$286/monthly
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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