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740 S SPRUCE DR photo 11 / 69
Single Family

$2,499,000

740 S SPRUCE DR, Garden City, UT 84028

Type

SFR

List Price

$2.50M

Price/Sqft

$273

Est Gross Yield

3.1%

$78,228/yr est.

Property Details

Property typeSingle Family
Year built2007
Total units1
Living area9,140 sqft
Bedrooms9
Bathrooms6
Lot size0.35 acres
Parking12 spaces
Days on market1
Listed2026-07-01T00:00:00+00:00

Description

This is one of the best investment properties we've ever owned. It has generated outstanding nightly rental income while giving our family an incredible place to create memories whenever it isn't occupied. It's truly a kid's dream come to life and a home that continually impresses family, friends, and clients alike. Offered fully furnished, this extraordinary 9 bedroom, 6 bathroom home comfortably sleeps up to 46 guests and is approved for nightly rentals, making it a rare opportunity to own a luxury mountain retreat with exceptional income potential. Luxury Living & Comfort Designed for large gatherings, the home offers spacious living areas, gas fireplaces, and four Trex decks with breathtaking unobstructed views, even from the basement. Every level has its own furnace, air conditioning system, and smart thermostat, allowing independent climate control throughout the home. The entire structure is enveloped with urethane foam and BIB insulation, including between every floor joist, creating exceptional energy efficiency, sound reduction, and year round comfort. Tinted windows further enhance efficiency and comfort. The gourmet kitchen was built to accommodate large groups with granite countertops, stainless steel appliances, an adjoining bistro dining area that seats approximately 38 guests, two sinks, two dishwashers, two ovens, two ranges, two microwaves, and one oversized refrigerator. Just outside is a large propane grill connected directly to the home's propane system, making outdoor cooking simple and convenient. Indoor Playground & Entertainment The indoor playground is truly one of a kind. It features a buried trampoline, basketball court, putting green, slide, swing, playhouse, and fully padded walls from floor to ceiling, creating an incredible space for children to safely play year round. Beyond the playground, the home also includes a theater room, air hockey, ping pong, and custom slides connecting every level of the home, making it an unforgettable destination for guests of all ages. An outdoor playground provides even more space for family fun. Exceptional Engineering & Construction This home was engineered and built to a standard rarely found in residential construction. The suspended 6 car garage spans more than 50 feet with no vertical supports, creating the enormous unobstructed indoor playground below. Originally designed with support columns, the owners invested in a custom engineered structural system designed and built by a parking structure company to eliminate the need for supports and maximize the usable space. The main family room floors were framed 12 inches ,on center, for exceptional strength and rigidity. The home is supported by massive 6 foot wide footings with double mat reinforced foundation walls and was engineered with seismic resilience in mind. Premium Systems & Infrastructure Additional features include five washers and dryers for efficient guest turnovers, lockout owner closets in nearly every bedroom, an on demand water heater, water softener, ManaBloc manifold plumbing system, a 1,000 gallon buried propane tank, drinking fountain, and robust 400 amp electrical service. This is far more than a vacation home. It is a thoughtfully designed custom estate that combines luxury, engineering, entertainment, and proven income potential in a way that is extraordinarily difficult to duplicate.

Listed by Tyson K. Holbrook · Realtypath LLC

Location

740 S SPRUCE DR, Garden City, UT 84028

Proforma

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Cap Rate

2.08%

Cash-on-Cash

-6.92%

Cash Flow

-$5,404/mo

Purchase Price$2,499,000
Down Payment35% ($874,650)
Interest Rate6.00%
Monthly Rent$6,519/mo
Vacancy5%
Expense Ratio30% ($22,295)

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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 7/2/2026, 12:18:01 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.