1615 MILLCREEK WAY, Salt Lake City, UT 84106
4BD/—BA Residential in Salt Lake City, UT 84106. 5,308 sqft. Built 1937. Listed at $2,500,000. MLS #2133536.
4BD/—BA Residential in Salt Lake City, UT 84106. 5,308 sqft. Built 1937. Listed at $2,500,000. MLS #2133536.
!!!MAJOR PRICE IMPROVEMENT!!!! An exceptional value for this luxury Millcreek residence, offering a rare opportunity in one of the area's most desirable neighborhoods. This historic 1937 residence was fully reimagined through a no-expense-spared renovation, blending timeless character with elevated modern design. A gallery-style hall anchors the layout, connecting the main living spaces and opening to a private yard and terrace-ideal for both everyday living and entertaining. Light wood floors, crisp white walls, and custom millwork showcase the home's architectural detail, while dark-trimmed windows add depth and contrast throughout. The expansive great room features custom built-ins, a statement marble fireplace, and a showpiece kitchen with premium cabinetry, designer lighting, and top-tier appliances. The main-level primary suite is a private retreat, complemented by an adjoining speakeasy-inspired study with a dramatic lighted granite feature wall, creating an intimate and unexpected space for relaxing or entertaining. Additional bedrooms with vaulted ceilings, a flexible media room, a lower-level theater, and generous storage round out the home. Refined outdoor spaces include an inviting front porch, manicured gardens, custom fencing, and a secluded terrace that extends the living experience. A truly distinctive home offering exceptional design, privacy, and location in one of Millcreek's most desirable neighborhoods.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
PARK
County
Salt Lake
Zoning
Single-Family
Construction
Stucco
Lot Size
0.41 sq ft
Above Grade Area
3,996 sq ft
Condition
Blt./Standing
MLS #
2133536
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
PARK
County
Salt Lake
Zoning
Single-Family
Construction
Stucco
Lot Size
0.41 sq ft
Above Grade Area
3,996 sq ft
Condition
Blt./Standing
MLS #
2133536
List Price
$2,500,000
Annual Taxes
$19,700
Home Warranty
No
List Price
$2,500,000
Annual Taxes
$19,700
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Partial
Materials
Stucco
Appliances
Ceiling Fan,Dryer,Range Hood,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary,Shares
Sewer
Sewer: Connected,Sewer: Public
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Partial
Materials
Stucco
Appliances
Ceiling Fan,Dryer,Range Hood,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary,Shares
Sewer
Sewer: Connected,Sewer: Public
Garage Spaces
3
Covered Spaces
3
Total Parking
3
Garage Spaces
3
Covered Spaces
3
Total Parking
3
Classification
Standard
Deal Score
10/100
vs Similar Homes
190% above
vs Market Median
76% above
Area Growth (YoY)
0.0%
Deal Score Breakdown
10/100
Priced 190% above the median of similar listings
Priced 76% above the per-subtype city median
0.0% year-over-year ZHVI growth in this area
LT net cashflow -$7,757/mo (-43.5% return on ownership cost) · STR net cashflow -$14,628/mo (-82.1% 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.
Monthly Rent
$11,444/mo
Range: $9,168 – $13,720
Net Monthly Cash Flow
−$7,757 /mo (−$93,078/yr)
Monthly rental income
Monthly ownership cost
Coverage
64%
Net /mo
−$7,757
DSCR
0.78
Est. Annual Revenue
$54,846/yr
$384/night · 39% occupancy · $133/bedroom · $0.41/sqft
Net Monthly Cash Flow
−$14,628 /mo (−$175,536/yr)
Monthly STR income
Monthly ownership cost
Coverage
26%
Net /mo
−$14,628
DSCR
0.25
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
11
Available Providers
$587,500
+326% vs median
41 days
744
$11,000 – $7,995,000
$19,700
High Crime
28.7
per 1,000
83.9
per 1,000
34.5
per 1,000
147.1
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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