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1000 W UPPER COVE RD photo 11 / 63
Single FamilyADUSeller Financing

$4,750,000

1000 W UPPER COVE RD, Park City, UT 84098

Type

SFR

List Price

$4.75M

Price/Sqft

$820

Est Gross Yield

1.6%

$73,788/yr est.

Property Details

Property typeSingle Family
Year built2023
Total units1
Living area5,795 sqft
Bedrooms7
Bathrooms6
Lot size10.38 acres
Parking8 spaces
Days on market138
Listed2026-02-08T00:00:00+00:00

Description

Luxury meets self-sufficiency on 10.38 private acres of pines and aspens in a gated mountain community in Park City. This exceptional home is connected to the electrical grid while also featuring a Tesla Solar Roof with battery backup to keep you powered during power outages, blending cutting-edge energy technology with refined mountain living. An exterior yard fire sprinkler system was installed as an added layer of protection for mountain living. If you're looking for a newer home where thoughtful attention was given to the details, this is it. Completed in 2023, this custom-built retreat offers 7 bedrooms plus a studio guest house, breathtaking mountain views, and seamless indoor-outdoor living with walk-out access at the rear of the home, where four bedrooms open directly onto decks or patios. Designed for both comfort and entertaining, the property features oversized view decks, garage parking for up to eight vehicles, and beautifully landscaped grounds supported by a sprinkler system. Upgraded features you might not notice include 5/8'' drywall throughout, Rockwool insulation in ALL interior walls, blown-in insulation between floors, insulated garages, high-efficiency heat pumps, electrical pre-wired for a hot tub on the back patio, two 1,000-gallon propane tanks in addition to the heat pumps that provide most of the home's heating. The community voted to pave the two main roads, Kimball and Basin, over the next two years, which is a major improvement for the neighborhood. The current owners have already paid their contribution for both years, so no paving assessment will be passed on to the buyer. It is conveniently located just 15 minutes from Kimball Junction, 25 minutes from Park City Main Street and Deer Valley, and 35-45 minutes from Salt Lake City International Airport. It has exceptional privacy without sacrificing convenience. (Total square footage includes both the main home (4,972 sq ft) and the detached studio guest house (823 sq ft), for a total of 5,795 sq ft. Basement 2 in the floor plan/MLS represents the guest house and is not a second basement.)

Listed by Briana Allred · Equity Real Estate (Advantage)

Location

1000 W UPPER COVE RD, Park City, UT 84098

Proforma

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Cap Rate

1.03%

Cash-on-Cash

-9.72%

Cash Flow

-$14,422/mo

Purchase Price$4,750,000
Down Payment35% ($1,662,500)
Interest Rate6.00%
Monthly Rent$6,149/mo
Vacancy5%
Expense Ratio30% ($21,030)

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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.

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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 6/26/2026, 10:24:51 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.