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3941 S MOUNT OLYMPUS WAY, Salt Lake City, UT — photo 11 / 73
Single Family

$5,995,000

3941 S MOUNT OLYMPUS WAY, Salt Lake City, UT 84124

Type

SFR

List Price

$6.00M

Price/Sqft

$836

Est Gross Yield

0.6%

$37,116/yr est.

Property Details

Property typeSingle Family
Year built2026
Total units1
Living area7,172 sqft
Bedrooms6
Bathrooms6
Lot size0.63 acres
Parking12 spaces
Days on market1
Listed2026-10-21T00:00:00+00:00

Description

Perched on a private 0.63-acre homesite in the coveted Olympus Cove neighborhood, this extraordinary newly constructed residence presents a rare opportunity to own an architectural masterpiece where exceptional craftsmanship, timeless mid-century modern design, and panoramic Mount Olympus views converge. Thoughtfully designed by Babcock Design and meticulously built by Bailey Contractors, every detail reflects an uncompromising commitment to quality, functionality, and enduring design. Spanning 7,172 square feet, the home was intentionally designed around effortless main-level living while embracing seamless indoor-outdoor connectivity. Expansive pocketing Marvin doors open the principal living spaces to covered terraces, creating an extraordinary setting for year-round entertaining. Soaring vaulted ceilings, exposed beams, a dramatic floating staircase, and a striking two-story brick fireplace establish a sophisticated yet inviting atmosphere, while walls of glass frame spectacular mountain vistas from nearly every room. At the center of the home, the chef's kitchen showcases leathered Taj Mahal quartzite, premium Wolf appliances, a thoughtfully integrated entertaining bar, custom Delta Millworks cabinetry, and generous pantry and preparation spaces. Every finish has been carefully curated, from wide-plank oak flooring by Signature Flooring to designer lighting and custom built-in closet systems by Classy Closets. The home's flexible floor plan offers six bedrooms and five-and-one-half baths, including two secondary bedrooms on the main level connected by a spacious Jack-and-Jill bath. Upstairs, two ensuite bedrooms enjoy breathtaking views while an additional room offers flexibility as a sixth bedroom, executive office, studio, or craft room. The lower level was designed to evolve with changing lifestyles, featuring a spacious fitness area, an entertaining wet bar easily convertible to a kitchenette, abundant natural light, walk-out access, extensive storage, and ideal accommodations for guests or multigenerational living. Outside, professionally designed landscaping by Campus Landscaping surrounds a truly resort-inspired backyard complete with a PebbleTec pool and spa by Aspen Pools, expansive flat lawn, outdoor kitchen, fire pit, covered entertaining spaces with integrated heaters, and exceptional privacy beneath the dramatic backdrop of Mount Olympus. Equally impressive are the home's infrastructure and amenities, including a climate-controlled oversized garage accommodating four to six vehicles, epoxy floors, dedicated storage rooms, RV parking, dual EV charging capability, fiber internet, roof prewired for solar, eight-zone Lennox HVAC, whole-home Sonos audio, Brizo plumbing fixtures, and countless additional upgrades throughout. A remarkable expression of architecture, craftsmanship, and luxury living in one of Salt Lake City's most sought-after neighborhoods.

Listed by Thomas Wright · Summit Sotheby's International Realty

Location

3941 S MOUNT OLYMPUS WAY, Salt Lake City, UT 84124

Proforma

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Cap Rate

0.41%

Cash-on-Cash

-11.37%

Cash Flow

-$21,306/mo

Purchase Price$5,995,000
Down Payment35% ($2,098,250)
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 10/22/2026, 6:08:04 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.