459 ELK HOLLOW, Wanship, UT 84017
4BD/—BA Residential in Wanship, UT 84017. 5,518 sqft. Built 2026. Listed at $3,800,000. MLS #2153924.
4BD/—BA Residential in Wanship, UT 84017. 5,518 sqft. Built 2026. Listed at $3,800,000. MLS #2153924.
$3,800,000
Discover Cherry Ridge, nestled in the quiet, scenic hills of Cherry Canyon with 30 homesites. Located only minutes from Park City and Blue Sky Resort, this secluded community offers 15 acre lots with sweeping mountain and valley views, underground utilities, fiber internet, paved roads, and a private trail system ideal for horseback riding and hiking. No club membership is required. This stunning mountain modern home, is thoughtfully positioned to maximize its panoramic views. The floor plan features ensuite bedrooms throughout, a dedicated private office, and a spacious deck complete with a fireplace for year-round enjoyment. Additional highlights include an extra-deep third-car garage, sauna, golf simulator, and home gym. Purchase now to personalize finishes and select your preferred colors and design details. Experience a rare setting that feels far removed from it all, yet is conveniently located just 45 minutes from Salt Lake City International Airport.
Property Type
Residential
Property Style
Single Family Residence
Stories
2
County
Summit
Zoning
Single-Family
Construction
Stone,Metal Siding,Other
Lot Size
1.04 sq ft
Above Grade Area
2,446 sq ft
MLS #
2153924
Property Type
Residential
Property Style
Single Family Residence
Stories
2
County
Summit
Zoning
Single-Family
Construction
Stone,Metal Siding,Other
Lot Size
1.04 sq ft
Above Grade Area
2,446 sq ft
MLS #
2153924
List Price
$3,800,000
HOA Fees
$400 / Monthly
Annual Taxes
$1,895
Home Warranty
No
List Price
$3,800,000
HOA Fees
$400 / Monthly
Annual Taxes
$1,895
Home Warranty
No
Heating
Gas: Central
Cooling
Central Air
Roof
Asphalt,Metal
Flooring
Carpet,Hardwood,Tile
Basement
Daylight
Materials
Stone,Metal Siding,Other
Water Source
Culinary,Irrigation,Shares
Sewer
Sewer: Public
View
Mountain(s),Valley
Heating
Gas: Central
Cooling
Central Air
Roof
Asphalt,Metal
Flooring
Carpet,Hardwood,Tile
Basement
Daylight
Materials
Stone,Metal Siding,Other
Water Source
Culinary,Irrigation,Shares
Sewer
Sewer: Public
View
Mountain(s),Valley
Garage Spaces
4
Covered Spaces
4
Total Parking
4
Garage Spaces
4
Covered Spaces
4
Total Parking
4
Why this is a deal
Classification
Great Deal (vs Market)
Deal Score
100/100
vs Market Median
43% below
Area Growth (YoY)
-1.1%
Deal Score Breakdown
100/100 · 1 qualifying signal
Priced 43% below the per-subtype city median
-1.1% year-over-year ZHVI growth in this area
LT net cashflow -$13,920/mo (-56.7% return on ownership cost) · STR net cashflow -$22,879/mo (-93.2% 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
Not enough comparable listings
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
$12,091/mo
Range: $7,189 – $16,993
Net Monthly Cash Flow
−$13,920 /mo (−$167,045/yr)
Monthly rental income
Monthly ownership cost
Coverage
49%
Net /mo
−$13,920
DSCR
0.56
Est. Annual Revenue
$28,821/yr
$191/night · 35% occupancy · $112/bedroom · $0.13/sqft
Net Monthly Cash Flow
−$22,879 /mo (−$274,544/yr)
Monthly STR income
Monthly ownership cost
Coverage
10%
Net /mo
−$22,879
DSCR
0.09
Best Download
1 Gbps
Best Upload
1 Gbps
Fiber Available
Yes
Providers
6
Available Providers
$810,000
+369% vs median
100 days
8
$399,900 – $7,200,000
$1,895
$400/monthly
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Devin Tanner - Utah Realtor
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