2085 MIDWAY, Heber City, UT 84032
3BD/—BA Residential in Heber City, UT 84032. 3,010 sqft. Built 1993. Listed at $24,000,000. MLS #2159263.
3BD/—BA Residential in Heber City, UT 84032. 3,010 sqft. Built 1993. Listed at $24,000,000. MLS #2159263.
Set along the blue-ribbon Provo River, 2085 W Midway Lane presents a rare opportunity to own a 34.26-acre legacy ranch estate in the heart of Heber Valley. Spanning four legal parcels, this extraordinary property blends refined luxury, world-class recreation, and a fully operational ranch, complete with valuable water rights and coveted river frontage offering exceptional fly-fishing. Designed for multi-generational living, private retreat-style enjoyment, entertaining, or future development potential, the estate delivers an unmatched combination of privacy, natural beauty, and versatility. Surrounded by some of the valley's most sought-after landscapes, this remarkable offering is equally suited as a private family compound, recreational haven, or strategic investment with flexible parcel opportunities.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
2
Subdivision
LEGACY RANCH
County
Wasatch
Zoning
Single-Family
Construction
Stone,Stucco
Lot Size
34.26 sq ft
Above Grade Area
3,010 sq ft
Condition
Blt./Standing
MLS #
2159263
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
2
Subdivision
LEGACY RANCH
County
Wasatch
Zoning
Single-Family
Construction
Stone,Stucco
Lot Size
34.26 sq ft
Above Grade Area
3,010 sq ft
Condition
Blt./Standing
MLS #
2159263
List Price
$24,000,000
Annual Taxes
$17,561
Home Warranty
No
List Price
$24,000,000
Annual Taxes
$17,561
Home Warranty
No
Heating
Radiant Floor
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Marble,Tile
Basement
None
Materials
Stone,Stucco
Appliances
Microwave,Refrigerator
Laundry
Electric Dryer Hookup
Water Source
Irrigation,Rights: Owned,Shares,Well
Sewer
Sewer: Connected
View
Mountain(s)
Heating
Radiant Floor
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Marble,Tile
Basement
None
Materials
Stone,Stucco
Appliances
Microwave,Refrigerator
Laundry
Electric Dryer Hookup
Water Source
Irrigation,Rights: Owned,Shares,Well
Sewer
Sewer: Connected
View
Mountain(s)
Garage Spaces
8
Covered Spaces
8
Total Parking
8
Garage Spaces
8
Covered Spaces
8
Total Parking
8
Classification
Standard
Deal Score
10/100
vs Similar Homes
1754% above
vs Market Median
1244% above
Area Growth (YoY)
-0.7%
Deal Score Breakdown
10/100
Priced 1754% above the median of similar listings
Priced 1244% above the per-subtype city median
-0.7% year-over-year ZHVI growth in this area
LT net cashflow -$149,807/mo (-97.3% return on ownership cost) · STR net cashflow -$153,093/mo (-99.5% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
No price reduction from original list
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Monthly Rent
$4,694/mo
Range: $3,292 – $6,097
Net Monthly Cash Flow
−$149,807 /mo (−$1,797,683/yr)
Monthly rental income
Monthly ownership cost
Coverage
3%
Net /mo
−$149,807
DSCR
0.03
Est. Annual Revenue
$14,493/yr
$196/night · 43% occupancy · $85/bedroom · $0.15/sqft
Net Monthly Cash Flow
−$153,092 /mo (−$1,837,106/yr)
Monthly STR income
Monthly ownership cost
Coverage
1%
Net /mo
−$153,093
DSCR
0.01
$843,000
+2747% vs median
101 days
412
$14,900 – $31,000,000
$17,561
Moderate
7.8
per 1,000
22.4
per 1,000
14.8
per 1,000
45.0
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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Daryn Edmunds - High Road Properties
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