2054 PADDINGTON, Park City, UT 84060
4BD/—BA Residential in Park City, UT 84060. 4,809 sqft. Built 2004. Listed at $3,800,000. MLS #2164763.
4BD/—BA Residential in Park City, UT 84060. 4,809 sqft. Built 2004. Listed at $3,800,000. MLS #2164763.
Discover timeless mountain living in this beautifully updated home in Park City's quiet and coveted Chatham Hills neighborhood. This stunning 4-bedroom, 4-bathroom home offers 4,809 square feet of thoughtfully designed living space on a beautifully landscaped 0.34-acre lot. Surrounded by open space in both the front and back, this residence offers the perfect blend of comfort, privacy, and access to nature. Step inside to find warmth and charm with exposed timber beams, vaulted ceilings, and rich hardwood floors. Natural light fills the spacious great room, where a dramatic fireplace creates a inviting gathering space. The gourmet kitchen is a chef's dream, featuring a 6-burner range, large island, and generous prep and storage space - perfect for entertaining. The main-level master suite is a serene retreat, complete with its own fireplace, private patio, and a beautifully updated ensuite bathroom boasting heated floors, a soaking tub, and a walk-in shower. Downstairs, the expansive family room with a second fireplace and bar offers the perfect space for relaxing or hosting guests. Step outside to enjoy peaceful evenings on the back patio, surrounded by mature landscaping and the quiet of nature. Out the front door you will find direct access to the Rail Trail-ideal for biking, hiking, cross country skiing and year-round outdoor enjoyment. Additional highlights include a new roof, central vacuum, new concrete driveway, and an oversized 3-car garage with room for all your gear and extra storage. This home truly has it all-style, space, serenity, and unmatched access to Park City's outdoor lifestyle.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
2
Subdivision
CHATHAM CROSSING SUB
County
Summit
Zoning
Single-Family
Construction
Stone,Stucco,Metal Siding
Lot Size
0.34 sq ft
Above Grade Area
4,809 sq ft
Condition
Blt./Standing
MLS #
2164763
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
2
Subdivision
CHATHAM CROSSING SUB
County
Summit
Zoning
Single-Family
Construction
Stone,Stucco,Metal Siding
Lot Size
0.34 sq ft
Above Grade Area
4,809 sq ft
Condition
Blt./Standing
MLS #
2164763
List Price
$3,800,000
HOA Fees
$200 / Annually
Annual Taxes
$17,602
Home Warranty
No
List Price
$3,800,000
HOA Fees
$200 / Annually
Annual Taxes
$17,602
Home Warranty
No
Heating
Forced Air
Cooling
Central Air
Roof
Metal
Flooring
Carpet,Hardwood,Tile,Slate
Basement
Walk-Out Access
Materials
Stone,Stucco,Metal Siding
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Heating
Forced Air
Cooling
Central Air
Roof
Metal
Flooring
Carpet,Hardwood,Tile,Slate
Basement
Walk-Out Access
Materials
Stone,Stucco,Metal Siding
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
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
65/100
vs Similar Homes
10% below
vs Market Median
1% above
Area Growth (YoY)
-2.2%
Deal Score Breakdown
65/100 · 1 qualifying signal
Priced 10% below the median of similar listings
Priced 1% above the per-subtype city median
-2.2% year-over-year ZHVI growth in this area
LT net cashflow -$10,016/mo (-38.8% return on ownership cost) · STR net cashflow -$19,884/mo (-77.1% 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
$17,942/mo
Range: $13,503 – $22,381
Net Monthly Cash Flow
−$10,016 /mo (−$120,192/yr)
Monthly rental income
Monthly ownership cost
Coverage
70%
Net /mo
−$10,016
DSCR
0.82
Est. Annual Revenue
$101,500/yr
$668/night · 38% occupancy · $241/bedroom · $1.01/sqft
Net Monthly Cash Flow
−$19,885 /mo (−$238,616/yr)
Monthly STR income
Monthly ownership cost
Coverage
33%
Net /mo
−$19,884
DSCR
0.31
Best Download
2 Gbps
Best Upload
1 Gbps
Fiber Available
Yes
Providers
11
Available Providers
$1,900,000
+100% vs median
82 days
538
$24,900 – $55,000,000
$17,602
$200/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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Daryn Edmunds - High Road Properties

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