402 SHADOW HILL, Wanship, UT 84017
5BD/—BA Residential in Wanship, UT 84017. 4,732 sqft. Built 2016. Listed at $1,885,000. MLS #2154259.
5BD/—BA Residential in Wanship, UT 84017. 4,732 sqft. Built 2016. Listed at $1,885,000. MLS #2154259.
Located within Sunrise Ridge this exceptional residence offers a rare combination of luxury mountain living, privacy, and investment potential. Whether you're seeking a full-time residence, an elevated second home, or luxury rental, this property delivers a compelling opportunity in one of Summit County's most accessible locations. Just 15 minutes from Park City and 30 minutes from Salt Lake City, with Echo Reservoir, Rockport Reservoir, and the Weber River nearby, it offers the ideal balance of recreation, convenience, and year-round appeal for owners and guests alike. Built by Big Canyon Custom Homes as the builder's personal residence, the home showcases a level of craftsmanship, thoughtful design, and quality construction rarely found. The main level is designed for effortless single-level living and flows naturally to an expansive covered deck that captures sweeping valley views. Wide-plank rough-sawn oak floors add warmth and character throughout, while generous windows flood the home with natural light and frame the surrounding landscape. A striking stone fireplace anchors the great room, creating an inviting gathering space. The kitchen blends beauty and functionality with rich leathered granite countertops with distinctive copper-accented hood and island details. Heated tile floors in the bathrooms provide an added touch of comfort and luxury. The walkout lower level significantly enhances the home's flexibility and appeal, featuring two additional bedrooms, two full bathrooms, generous storage areas, well appointed kitchenette, and a spacious media and game room. With its separate living spaces and entertainment amenities, the lower level is ideally suited for hosting extended family, accommodating guests, or creating a memorable experience for vacation renters. Included wall-mounted TVs and pool table make the space truly turnkey. Outdoor living is equally impressive. The walkout patio features a custom firepit with a hardwired gas line, while both the patio and covered deck include gas hookups for BBQs, creating effortless indoor-outdoor entertaining. The thoughtfully designed tiered backyard includes a horseshoe pit, dedicated garden area, and multiple gathering spaces that invite relaxation and connection. An oversized heated four-car garage and dedicated RV parking provide exceptional convenience for storing recreational vehicles, boats, and outdoor gear-an especially valuable feature for second-home owners and adventure-focused visitors. With luxury finishes, extensive entertainment spaces, breathtaking views, and close proximity to Park City, world-class skiing, reservoirs, fishing, and year-round recreation, this property offers the lifestyle today's buyers are seeking. Equally suited as a primary residence, mountain retreat, or income-producing vacation property, it presents a unique opportunity to enjoy the best of Summit County while benefiting from the flexibility and long-term value that a second-home investment can provide.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
SUNRISE RIDGE SUBDIVISION
County
Summit
Zoning
Single-Family, Short Term Rental Allowed
Construction
Stone,Stucco
Lot Size
1.1 sq ft
Above Grade Area
2,345 sq ft
Condition
Blt./Standing
MLS #
2154259
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
SUNRISE RIDGE SUBDIVISION
County
Summit
Zoning
Single-Family, Short Term Rental Allowed
Construction
Stone,Stucco
Lot Size
1.1 sq ft
Above Grade Area
2,345 sq ft
Condition
Blt./Standing
MLS #
2154259
List Price
$1,885,000
Annual Taxes
$4,342
Home Warranty
No
List Price
$1,885,000
Annual Taxes
$4,342
Home Warranty
No
Heating
Forced Air,Gas: Central,>= 95% efficiency
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Daylight,Entrance,Full,Walk-Out Access
Materials
Stone,Stucco
Appliances
Ceiling Fan,Dryer,Microwave,Range Hood,Refrigerator,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup
Patio & Porch
Covered,Porch: Open,Patio: Open
Water Source
Private,Well
Sewer
Septic Tank
View
Mountain(s),Valley
Heating
Forced Air,Gas: Central,>= 95% efficiency
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Daylight,Entrance,Full,Walk-Out Access
Materials
Stone,Stucco
Appliances
Ceiling Fan,Dryer,Microwave,Range Hood,Refrigerator,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup
Patio & Porch
Covered,Porch: Open,Patio: Open
Water Source
Private,Well
Sewer
Septic Tank
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
82/100
vs Market Median
18% below
Area Growth (YoY)
3.1%
Deal Score Breakdown
82/100 · 1 qualifying signal
Priced 18% below the per-subtype city median
3.1% year-over-year ZHVI growth in this area
LT net cashflow -$2,905/mo (-23.5% return on ownership cost) · STR net cashflow -$10,822/mo (-87.7% 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
$10,718/mo
Range: $5,799 – $15,638
Net Monthly Cash Flow
−$2,905 /mo (−$34,865/yr)
Monthly rental income
Monthly ownership cost
Coverage
87%
Net /mo
−$2,905
DSCR
1.00
Est. Annual Revenue
$25,974/yr
$180/night · 44% occupancy · $128/bedroom · $0.17/sqft
Net Monthly Cash Flow
−$10,821 /mo (−$129,851/yr)
Monthly STR income
Monthly ownership cost
Coverage
18%
Net /mo
−$10,822
DSCR
0.16
Best Download
1 Gbps
Best Upload
1 Gbps
Fiber Available
Yes
Providers
7
Available Providers
$525,000
+259% vs median
90 days
10
$389,900 – $7,000,000
$4,342
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