299 OAK FOREST, Salt Lake City, UT 84103
5BD/—BA Residential in Salt Lake City, UT 84103. 6,903 sqft. Built 2023. Listed at $7,500,000. MLS #2158805.
5BD/—BA Residential in Salt Lake City, UT 84103. 6,903 sqft. Built 2023. Listed at $7,500,000. MLS #2158805.
Nestled within the prestigious, gated North Cove community - complete with 24/7 security - this exceptional estate offers refined luxury living on 3.36 acres of beautifully landscaped grounds. Enjoy breathtaking views, a private swimming pool with patio and an additional patio overlooking the valley, featuring a fully enclosed glass atrium, an idyllic setting for outdoor dining. Heated driveway ensures effortless access in every season and leads to a spacious, attached two car garage. Inside, the home reveals a stunning, thoughtfully curated interior. A grand entry makes a striking first impression with hand painted mural wallpaper and a sweeping staircase that sets an elegant tone throughout. The formal dining room and inviting family room each showcase gas fireplaces with intricate mantels, creating warm yet sophisticated gathering spaces. The custom, gourmet eat in kitchen is a chef's dream, appointed with a L'Atelier Paris gas range, generous prep space, and a charming dining nook featuring custom walnut-stained table and bench. A well-equipped butler's pantry offers a La Cornue range, Jennair microwave, custom cabinets for additional storage and an open pantry space. The main level is completed by a cozy den, powder bath, and functional mudroom. Upstairs, the luxurious primary suite captures sweeping Wasatch Mountain views and features vaulted ceilings, a private patio, gas fireplace, spacious walk-in closet, and an expansive en-suite bath with dual vanities, an oversized shower, and a soaking tub. Three additional bedrooms - including one en-suite with captivating views, a full bathroom, and a large laundry room with built-in-cabinetry and ample counter space complete the upper level. Designed for both entertaining and versatility, the lower level includes a home theater with bar seating, a guest bathroom, and an impressive 1,000 square foot custom closet with built-ins and tailored cabinetry. A bonus room offers ideal space for a game room or home office. Enhancing the property's flexibility is a three-level accessory dwelling unit, complete with a workout room, full kitchenette, bedroom, and 3/4 bathroom-perfect for guests, extended family, or private living quarters. All information herein is deemed reliable but is not guaranteed. Buyer is responsible to verify all listing information, including square feet/acreage, to buyer's own satisfaction.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Tudor
Stories
3
Subdivision
NORTH COVE ESTATES
County
Salt Lake
Zoning
Single-Family
Construction
Brick,Stucco,Other
Lot Size
3.36 sq ft
Above Grade Area
4,260 sq ft
Condition
Blt./Standing
MLS #
2158805
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Tudor
Stories
3
Subdivision
NORTH COVE ESTATES
County
Salt Lake
Zoning
Single-Family
Construction
Brick,Stucco,Other
Lot Size
3.36 sq ft
Above Grade Area
4,260 sq ft
Condition
Blt./Standing
MLS #
2158805
List Price
$7,500,000
HOA Fees
$1,945 / Quarterly
Annual Taxes
$24,579
Home Warranty
No
List Price
$7,500,000
HOA Fees
$1,945 / Quarterly
Annual Taxes
$24,579
Home Warranty
No
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Marble,Tile
Basement
Full
Materials
Brick,Stucco,Other
Appliances
Gas Grill/BBQ,Microwave,Range Hood,Refrigerator,Water Softener Owned
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Marble,Tile
Basement
Full
Materials
Brick,Stucco,Other
Appliances
Gas Grill/BBQ,Microwave,Range Hood,Refrigerator,Water Softener Owned
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Garage Spaces
2
Covered Spaces
2
Total Parking
6
Garage Spaces
2
Covered Spaces
2
Total Parking
6
Why this is a deal
Classification
Standard
Deal Score
80/100
vs Similar Homes
275% above
vs Market Median
72% above
Area Growth (YoY)
8.2%
Deal Score Breakdown
80/100 · 1 qualifying signal
8.2% year-over-year ZHVI growth in this area
Priced 275% above the median of similar listings
Priced 72% above the per-subtype city median
LT net cashflow -$42,144/mo (-83.4% return on ownership cost) · STR net cashflow -$46,441/mo (-92.0% 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
$9,498/mo
Range: $6,900 – $12,096
Net Monthly Cash Flow
−$42,144 /mo (−$505,732/yr)
Monthly rental income
Monthly ownership cost
Coverage
19%
Net /mo
−$42,144
DSCR
0.22
Est. Annual Revenue
$69,618/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$46,441 /mo (−$557,290/yr)
Monthly STR income
Monthly ownership cost
Coverage
12%
Net /mo
−$46,441
DSCR
0.11
$580,000
+1193% vs median
45 days
662
$195,000 – $7,995,000
$24,579
$1,945/quarterly
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.

Daryn Edmunds - High Road Properties

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

Salt Lake City Specialist Driving Smart Home Deals
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