1490 MEADOW LOOP, Park City, UT 84098
3BD/—BA Residential in Park City, UT 84098. 2,193 sqft. Built 1988. Listed at $1,950,000. MLS #2166069.
3BD/—BA Residential in Park City, UT 84098. 2,193 sqft. Built 1988. Listed at $1,950,000. MLS #2166069.
Silver Springs Pond-View Retreat | Updated Finishes & Exceptional Setting. Nestled in the highly sought-after Silver Springs neighborhood, this beautifully updated 3-bedroom home offers sophisticated contemporary style, quality craftsmanship, and an exceptional connection to the outdoors. Updated tile, brand-new carpeting, Hunter Douglas window treatments, air conditioning, and custom metalwork throughout both the interior and exterior create a distinctive and inviting living experience. The spacious primary suite features an ensuite bath, walk-in closet, and private balcony, providing the perfect place to unwind. A second bedroom and powder bath on the upper level offer flexibility for guests, a home office, or family living. The lower level includes a cozy family room with fireplace, a third bedroom, full bathroom, and abundant storage, including an easy-access crawl space with concrete floors and a cedar-lined walk-in closet. Designed to embrace its exceptional setting, the home enjoys a rare pond-front location with Silver Springs Pond just beyond the backyard, creating a peaceful backdrop and beautiful year-round views. Enjoy morning coffee on the deck while watching ducks glide across the water and wildlife gather along the shoreline. The fully landscaped yard, mature trees, and tranquil water views create a seamless connection to nature while maintaining the privacy and comfort of your own backyard retreat. Recent exterior improvements include new deck stairs and railing, enhancing both function and style. Heated tile floors in the main-level bathrooms add an extra touch of comfort and luxury. Conveniently located within walking distance of Parley's Park Elementary and close to parks, trails, and outdoor recreation, this is a rare opportunity to own a thoughtfully updated home in one of Park City's most desirable neighborhoods.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Tri/Multi-Level
Stories
3
Subdivision
SILVER SPRINGS
County
Summit
Zoning
Single-Family
Construction
Cedar
Lot Size
0.09 sq ft
Above Grade Area
1,462 sq ft
Condition
Blt./Standing
MLS #
2166069
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Tri/Multi-Level
Stories
3
Subdivision
SILVER SPRINGS
County
Summit
Zoning
Single-Family
Construction
Cedar
Lot Size
0.09 sq ft
Above Grade Area
1,462 sq ft
Condition
Blt./Standing
MLS #
2166069
List Price
$1,950,000
HOA Fees
$50 / Monthly
Annual Taxes
$4,595
Home Warranty
No
List Price
$1,950,000
HOA Fees
$50 / Monthly
Annual Taxes
$4,595
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Composition
Flooring
Carpet,Tile
Basement
Full
Materials
Cedar
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Lake,Mountain(s)
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Composition
Flooring
Carpet,Tile
Basement
Full
Materials
Cedar
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Lake,Mountain(s)
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
100/100
vs Similar Homes
42% below
vs Market Median
25% above
Area Growth (YoY)
-3.0%
Deal Score Breakdown
100/100 · 1 qualifying signal
Priced 42% below the median of similar listings
Priced 25% above the per-subtype city median
-3.0% year-over-year ZHVI growth in this area
LT net cashflow -$7,655/mo (-59.7% return on ownership cost) · STR net cashflow -$10,670/mo (-83.2% 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
$5,871/mo
Range: $4,933 – $6,808
Net Monthly Cash Flow
−$7,654 /mo (−$91,854/yr)
Monthly rental income
Monthly ownership cost
Coverage
46%
Net /mo
−$7,655
DSCR
0.53
Est. Annual Revenue
$36,885/yr
$397/night · 39% occupancy · $132/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$10,670 /mo (−$128,037/yr)
Monthly STR income
Monthly ownership cost
Coverage
24%
Net /mo
−$10,670
DSCR
0.22
Best Download
2 Gbps
Best Upload
2 Gbps
Fiber Available
Yes
Providers
10
Available Providers
$1,875,000
+4% vs median
77 days
616
$24,900 – $55,000,000
$4,595
$50/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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