Set above the open expanse of Swaner Preserve, 5478 N Old Ranch Road captures one of Park City’s most memorable settings: 270-degree views across protected open space, surrounding mountain ranges, and the ski resorts beyond. Located in the Juddabeth subdivision along Old Ranch Road, this 2.25-acre property pairs privacy, room to breathe, and everyday convenience with something few properties in Summit County’s 84098 corridor can still offer: no HOA restrictions and genuine ADU potential. The 5-bedroom, 4.5-bath residence offers 5, 056 square feet of inviting living space, thoughtfully positioned to bring the views inside through expansive Windsor windows, soaring ceilings, and open gathering areas filled with natural light. Built in 1978 and updated with quality improvements, the home blends comfort and function with a gourmet kitchen, a luxurious primary suite, dedicated dog wash room, extensive storage, and an oversized garage. More than 1, 400 square feet of deck and patio space extends daily living outdoors, with an outdoor kitchen and BBQ area, hot tub, waterfall, landscape lighting, and multiple places to unwind or entertain against dramatic mountain backdrop. What truly sets this property apart is the freedom it offers for the future. With no HOA to answer to and 2.25 acres of land, there is real potential to add a second structure — an accessory dwelling unit (ADU), a detached garage or shop, guest quarters for family and visitors, or a dedicated studio or workspace. In an area where HOA covenants and compact lots take those options off the table for most homes, this kind of flexibility has become exceptionally rare anywhere near Park City. Old Ranch Road is known for spacious homesites, equestrian roots, a peaceful rural feel, and quick access to Kimball Junction, skiing, dining, shopping, and trail systems. This is a distinctive opportunity to experience open-space views, generous acreage, a true mountain-retreat atmosphere, and room to grow.