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850 S 500 E, Parowan, UT, 84761

2beds
5baths
6,956sqft
$2,799,000
$402price/sqft
$16,383/moest. monthly cost
$655,320/yrincome needed

About This Home

Set on approximately 13.9 acres on the east side of Parowan, this expansive residential property offers a rare combination of acreage, custom log home, guest house, and multi outbuildings including a pool house. A true compound with privacy, and proximity to town services. The roughly 6956 +/- square-foot residence, mostly built in 1983, features single-level living with a finished basement, two full baths and two half and one 3/4 bathrooms, additionally 4 fireplaces that add warmth and character throughout the home and guest house. The property also includes garden beds and a fenced apple orchard. The location lies east of State Route 143, providing convenient access toward Brian Head Resort and Southern Utah's many year-round recreation areas. The generous acreage creates a unique setting seldom found within Parowan City limits, offering space to spread out while remaining close to schools, highways, and local amenities. Long-term versatility and an uncommon land-to-home ratio, this property stands out as an exceptional residential opportunity for buyers seeking room, privacy, and a connection to Southern Utah's outdoor lifestyle.

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

5/10
Parowan SchoolGrades K-61.4 mi
6/10
Parowan High SchoolGrades 7-121.3 mi

Construction

Condition

  • Property condition: Built & Standing
  • Year built: 1983

Materials

  • Roof: Metal
  • Construction materials: Log

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Basement

  • Basement: Partial

Bathroom

  • Level: Main

Bathroom

  • Level: Main

Bathroom

  • Level: Other

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 5

Dining Room

  • Level: Main

Features

  • Number of fireplaces: 4
  • Fireplace: Yes
  • Finished area above ground: 5,136

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Central Air

Interior Area

  • Total structure area: 6,956
  • Total interior livable area: 6,956 sqft

Kitchen

  • Level: Main

Master Bedroom

  • Level: Main

Property

Details

  • Parcel number: A051605160002
  • Zoning description: Residential, Multi-Family

Features

  • Stories: 3
  • Private pool: Yes
  • Pool features: In Ground

Lot

  • Lot size: 13.90 Acres
  • Features: Gentle Sloping

Parking

  • Total spaces: 5
  • Parking features: Attached,Extra Width
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 5
  • Carport: Yes
  • Carport spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningVery High
  • Winter Weather
    Winter WeatherVery High
  • Earthquake
    EarthquakeRelatively High
  • Landslide
    LandslideRelatively High
  • Wildfire
    WildfireRelatively High
  • Drought
    DroughtModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Lightning
Winter Weather
Earthquake
Landslide
Wildfire
Drought
Inland Flooding

FEMA Declared Disasters Across Utah Counties

Flood

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $14,153$169,836
Home Insurance $806$9,672
Property Taxes $1,002$12,024
Electricity $422$5,066
Total$16,383$196,596

Income You'd Need if You Spent...

35% on housing$561,702/yr
40% on housing$491,490/yr
45% on housing$436,880/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.6%
12.6%
0%30.0%
Electricity Growth Rate10-year average: 0.9%
0.9%
0%15.0%
Property Taxes Growth Rate2-year average: 4.7%
4.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$402This listing

vs Other Active Listings

Avg $/sqft

ZIP 84761$100
Iron County$147

vs Homes Sold Last Month

Median $/sqft

ZIP 84761$260
Iron County$275

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-09Listed for sale$3,000,000

For Sale by Agent

AgentAnnette Daskalos
BrokerageFay Ranches, Inc

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