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4531 S MATHEWS WAY photo 11 / 81
Single Family

$2,850,000

Reduced from $2,950,000 · 2 days ago

4531 S MATHEWS WAY, Salt Lake City, UT 84124

Type

SFR

List Price

$2.85M

Price/Sqft

$350

Est Gross Yield

1.3%

$37,116/yr est.

Property Details

Property typeSingle Family
Year built1977
Total units1
Living area8,143 sqft
Bedrooms6
Bathrooms6
Lot size0.38 acres
Parking11 spaces
Days on market176
Listed2026-02-04T00:00:00+00:00

Description

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.

Listed by Ashley Park · Plumb & Company Realtors LLP

Location

4531 S MATHEWS WAY, Salt Lake City, UT 84124

Proforma

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Cap Rate

0.87%

Cash-on-Cash

-10.16%

Cash Flow

-$9,050/mo

Purchase Price$2,850,000
Down Payment35% ($997,500)
Interest Rate6.00%
Monthly Rent$3,093/mo
Vacancy5%
Expense Ratio30% ($10,578)

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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 7/30/2026, 2:23:27 AM. 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.