The managing director of Northmarq’s Salt Lake City multifamily brokerage team listed his Holladay mansion for sale on Thursday.
Mark Jensen’s 8,960-square-foot palace sits on just over an acre and comes with five bedrooms and seven bathrooms plus a 2,005-square-foot coachhouse and is asking just over $9.7 million.
The house comes with an iconic view of Mt. Olympus that is a staple of the Walker Lane neighborhood, along with an outdoor pool, five-car garage, two kitchens and theater room.
Jensen said his interior designer wife led the extensive renovations and updates throughout the house — both inside and out.
“This has definitely been a passion project of ours,” Jensen said in a call on Friday.
Kelly Hamlin, an agent with Summit Sotheby’s International Realty who has carved out a niche among ultra-luxury properties in Holladay and Summit County, is handling the listing.
“She came to us and was basically saying there’s nothing like this in the market,” Jensen said of Hamlin, a close friend of Jensen’s.
The estate includes new hand-laid wooden shingles, copper gutters and gas lanterns plus dual HVAC systems and new windows throughout.
Several rooms open up onto outdoor areas that include several patios, a hot tub, lounge areas and pool with water features and a slide.
“A lot of designers, are designing somebody else’s house,” Jensen said. “We lived in our home for a while. We knew what it needed. We knew what would make it better.”
Jensen has been in commercial real estate in Utah for over two decades, starting with Cushman & Wakefield before moving to Newmark and then Colliers. In January 2024, Jensen joined Northmarq to focus on multifamily sales. His team includes Rawley Nielsen, Darren Nielsen, Mark Numbers and Patrick Risk.
When contacted by Building Salt Lake, Jensen said he preferred to talk about his work selling commercial real estate, his bullish outlook for the state of Utah and signs that the local market could be nearing the start of the next cycle after several down years.
County records show Jensen bought the house in the stately neighborhood in April 2019.
Jensen, who grew up on nearby Haven Lane, said he and his family have their eye on another property nearby that they will take on if they find a buyer for the home.
Utah is one of few states that don’t require the disclosure of real estate purchase prices, so it’s not clear how much Jensen paid for the property, or what renovations may have been done over those five years.
Though he’s likely to make out well on the deal if a buyer emerges. The home, which was built in 1994, was listed for sale in January 2019 for $2.2 million, or $278 per square foot. The current list price comes out to $1,086 per square foot, a 290 percent increase from five years ago.
The home is one of several large mansions for sale in the neighborhood. All others have been listed for at least three months and one for more than a year.
Jensen expressed a broker’s confidence about his home’s prospects.
“Our home won’t be listed for long. It’s either going to move or we’re going to stay,” he said. “Everything is done. People at this price point don’t want a project.”
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