4531 MATHEWS, Salt Lake City, UT 84124
6BD/—BA Residential in Salt Lake City, UT 84124. 8,143 sqft. Built 1977. Listed at $2,950,000. MLS #2134861.
6BD/—BA Residential in Salt Lake City, UT 84124. 8,143 sqft. Built 1977. Listed at $2,950,000. MLS #2134861.
Custom luxury home located in Salt Lake City's highly sought-after Olympus Cove at the base of Mount Olympus, offering sweeping valley, city and mountain views and the end of the cul da sac. The main level is designed to maximize views and livability, featuring an open entry anchored by a floor-to-ceiling stone fireplace and expansive windows that frame the surrounding landscape. The kitchen includes a generous island, a full suite of high-end appliances, custom cabinetry, a large walk-in pantry, and adjacent main-floor laundry. A waterfall feature integrated into the exterior connects the home naturally to the mountainside and serves as a distinctive architectural element. A designated home gym overlooks the valley. The home offers 6 bedrooms and 6 bathrooms, including a spacious primary suite on the main level with deck access and an en-suite bath featuring dual vanities and a steam shower, as well as double walk in closets. The upper level includes two bonus spaces, one currently used as an office with incredible views overlooking Neffs Canyon.The fully finished walkout lower level provides additional living space, including a dedicated theater room, custom bunk room, additional guest bedroom, and a versatile bonus room suitable for recreation or entertaining. Ample custom built-ins are found throughout, along with a concealed temperature controlled wine room integrated into the bookcase. Additional upgrades include radiant in-floor heating throughout the main living areas, primary suite, driveway, and walkways, a home sound system, backup generator, play set, and hot tub. This elevated setting provides privacy while remaining conveniently close to freeway access, downtown Salt Lake City, Salt Lake International Airport, and year-round outdoor recreation.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
4
Subdivision
MT. OLYMPUS COVE
County
Salt Lake
Zoning
Single-Family
Construction
Stone,Stucco,Other
Lot Size
0.38 sq ft
Above Grade Area
5,575 sq ft
Condition
Blt./Standing
MLS #
2134861
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
4
Subdivision
MT. OLYMPUS COVE
County
Salt Lake
Zoning
Single-Family
Construction
Stone,Stucco,Other
Lot Size
0.38 sq ft
Above Grade Area
5,575 sq ft
Condition
Blt./Standing
MLS #
2134861
List Price
$2,950,000
Annual Taxes
$22,430
Home Warranty
No
List Price
$2,950,000
Annual Taxes
$22,430
Home Warranty
No
Heating
Forced Air,Gas: Radiant,>= 95% efficiency,Radiant Floor
Cooling
Central Air
Roof
Asphalt,Pitched
Flooring
Carpet,Hardwood,Stone,Tile,Slate,Travertine
Basement
Daylight,Entrance,Full,Walk-Out Access
Materials
Stone,Stucco,Other
Appliances
Dryer,Microwave,Range Hood,Refrigerator,Washer
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Covered,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Heating
Forced Air,Gas: Radiant,>= 95% efficiency,Radiant Floor
Cooling
Central Air
Roof
Asphalt,Pitched
Flooring
Carpet,Hardwood,Stone,Tile,Slate,Travertine
Basement
Daylight,Entrance,Full,Walk-Out Access
Materials
Stone,Stucco,Other
Appliances
Dryer,Microwave,Range Hood,Refrigerator,Washer
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Covered,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Garage Spaces
3
Covered Spaces
3
Total Parking
11
Garage Spaces
3
Covered Spaces
3
Total Parking
11
Why this is a deal
Classification
Standard
Deal Score
65/100
vs Similar Homes
26% above
vs Market Median
9% below
Area Growth (YoY)
0.8%
Deal Score Breakdown
65/100 · 1 qualifying signal
Priced 9% below the per-subtype city median
LT net cashflow -$4,175/mo (-20.3% return on ownership cost) · STR net cashflow -$16,083/mo (-78.0% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 26% above the median of similar listings
0.8% 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
$18,677/mo
Range: $10,886 – $26,468
Net Monthly Cash Flow
−$4,175 /mo (−$50,098/yr)
Monthly rental income
Monthly ownership cost
Coverage
91%
Net /mo
−$4,175
DSCR
1.11
Est. Annual Revenue
$77,626/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$16,082 /mo (−$192,984/yr)
Monthly STR income
Monthly ownership cost
Coverage
31%
Net /mo
−$16,083
DSCR
0.31
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
11
Available Providers
$587,500
+402% vs median
39 days
660
$175,000 – $7,995,000
$22,430
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.
Select agents you’d like to hear from. They’ll be notified of your interest — your contact details stay private until you choose to respond.

Salt Lake City Real Estate Broker Focused on Pricing, Positioning, and Results

Daryn Edmunds - High Road Properties

Devin Tanner - Utah Realtor
Your inquiry goes to the listing agent.
Fast Response
Typically within 2 hours during business hours
Built with AI to help you find your perfect home
Powered by AI • Secured by Supabase • Trusted by Agents