740 S SPRUCE DR photo 1
1 / 69
Single Family Residence
$300,000 reduction
Active
58Days on Market

$2,199,000

$241/sqft+8.8%/yrHome values in the 84028 zip code have grown an average of 8.8% per year over the last 5 years.

$2,499,000↓$300,000 (12%)Aug 17

Walk-Out BasementMountain View

Price history — protected

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Property summary

9Beds6Baths1Kitchen9,140sqft2007Year
2
2nd Floor2,540 sqft
2Bed
2Full Bath
1Family
1Kitchen
2Laundry
2Fireplace
1
Main Floor2,350 sqft
4Bed
2Full Bath
1Family

6

Garage

B
Basement 4,250 sqft
3Bed
2Full Bath
1Family
3Laundry
0.35 acres15,246 sqft lot
I'm interested

About This Property

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. We just put another property under contract, so we have aggressively cut the price by $300,000. 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.

Property Features

Heating

Forced Air,Gas: Central

Cooling

Central Air

Flooring

Carpet,Tile,Concrete

Appliances

Ceiling Fan,Dryer,Freezer,Gas Grill/BBQ,Microwave,Range Hood,Refrigerator,Satellite Equipment,Satellite Dish,Washer,Water Softener Owned

Laundry

Electric Dryer Hookup,Gas Dryer Hookup

Interior Features

Disposal,Gas Log,Great Room,Oven: Double,Range/Oven: Free Stdng.,Vaulted Ceilings,Granite Countertops,Theater Room,Smart Thermostat(s)

Exterior Features

Balcony,Basement Entrance,Bay Box Windows,Deck; Covered,Double Pane Windows,Entry (Foyer),Lighting,Walkout

Location

Estimated Monthly Payment

$12,086/mo

Down Payment$439,800 (20%)
Principal & Interest$11,153
Property Tax$521/mo
Insurance (est.)$412/mo
Est. Total$12,086/mo

Based on 20% down, 6.529% rate, 30-yr fixed. For estimation only.

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MLS# 2168917• Tax ID: 41-29-010-0012

Courtesy of Tyson K. Holbrook, Realtypath LLC · tysonholbrook@gmail.com

Property data from UtahRealEstate.com. Home value index from Zillow Research (zillow.com/research/data). Walkability data from Walk Score. Rent estimates from Rentometer. Public records (owner + loan) from the Salt Lake County Recorder; loan rate estimated from FRED's 30-yr average at origination month, balance assumes a 30-yr fixed with no extra payments. Property valuations by Rocco Value. Information deemed reliable but not guaranteed.

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Estimated Monthly Payment

$12,086/mo

Down Payment$439,800 (20%)
Principal & Interest$11,153
Property Tax$521/mo
Insurance (est.)$412/mo
Est. Total$12,086/mo

Based on 20% down, 6.529% rate, 30-yr fixed. For estimation only.

Generic estimate. Create an account to enter your down payment, rate, and cash on hand for a number tailored to you.

Create account & personalize

MLS# 2168917• Tax ID: 41-29-010-0012

Courtesy of Tyson K. Holbrook, Realtypath LLC · tysonholbrook@gmail.com

Property data from UtahRealEstate.com. Home value index from Zillow Research (zillow.com/research/data). Walkability data from Walk Score. Rent estimates from Rentometer. Public records (owner + loan) from the Salt Lake County Recorder; loan rate estimated from FRED's 30-yr average at origination month, balance assumes a 30-yr fixed with no extra payments. Property valuations by Rocco Value. Information deemed reliable but not guaranteed.

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