217 N 590 E is a six-bedroom, two-story home in Bridgeport at Waters Edge, one of Vineyard's most established lakeside neighborhoods. Built in 2018, it pairs a bright, open main level with a fully finished lower level that lives as its own residence.
That lower level is the difference. A separate, city-licensed accessory dwelling unit (ADU), leased at $1,500 a month through July 2027, turns this from a place to live into a place that helps pay for itself. Buy it as a family home with income on the side, or as an investment that you can also live in.
It is the kind of property that is genuinely hard to find on the Wasatch Front right now: a clean, recent build, in a growing city, that already cash-flows from day one.
The lower level is a legal, city-licensed accessory dwelling unit, a complete second residence with its own private entrance, full kitchen, bedroom, bath, and in-unit laundry. It is leased and occupied today, so the income is contractual and provable, not a projection on paper.
The unit rents for $1,500 a month and is leased through July 2027. For a buyer, that rent applies directly against the mortgage, lowering the effective cost of ownership and helping at the loan-qualification table.
That lower level is a huge opportunity in today's housing market. Below the main home is a fully separate, city-licensed apartment, private entrance, its own kitchen, a bedroom, a full bath, and in-unit laundry, living entirely apart from the home above. Live upstairs and let it help pay the mortgage, or rent both.
A fully finished, currently-leased basement apartment with a separate entrance. Income from the day you close, and a real advantage at the loan-qualification table.
3,486 finished square feet across two stories plus the lower level. Room for a large family, a home office, guests, and the rental unit, all at once.
None of the deferred maintenance of an older home. Modern systems, finishes, and an efficient floor plan, fully finished top to bottom.
Bridgeport at Waters Edge is built around parks, a clubhouse, and trails on the shore of Utah Lake, with a low monthly HOA covering the amenities.
Vineyard has gone from farmland to a thriving lakeside community in a decade, with new retail, transit, and the UVX bus line connecting UVU and BYU.
A short drive to UVU, BYU, the Vineyard FrontRunner station, the I-15 corridor, and the lakefront, with Provo and Orem dining and shopping close by.
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