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 offers a rare opportunity to own a 34.26-acre legacy ranch estate spanning four legal parcels. This exceptional property combines luxury living, world-class recreation, and a fully operational ranch with valuable water rights and direct river frontage for premier fly-fishing. Designed for multi-generational living, entertaining, and year-round outdoor enjoyment, the estate offers unmatched privacy, beauty, and versatility in one of Heber Valley's most sought-after locations. Ideal as a private family compound or investment opportunity with flexible parcel options.
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
2352% above
vs Market Median
1438% above
Area Growth (YoY)
-0.3%
Deal Score Breakdown
10/100
Priced 2352% above the median of similar listings
Priced 1438% above the per-subtype city median
-0.3% year-over-year ZHVI growth in this area
LT net cashflow -$148,476/mo (-97.0% return on ownership cost) · STR net cashflow -$152,254/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
$5,207/mo
Range: $3,642 – $6,773
Net Monthly Cash Flow
−$148,476 /mo (−$1,781,714/yr)
Monthly rental income
Monthly ownership cost
Coverage
3%
Net /mo
−$148,476
DSCR
0.04
Est. Annual Revenue
$13,790/yr
$195/night · 44% occupancy · $85/bedroom · $0.15/sqft
Net Monthly Cash Flow
−$152,253 /mo (−$1,827,036/yr)
Monthly STR income
Monthly ownership cost
Coverage
1%
Net /mo
−$152,254
DSCR
0.01
$850,000
+2724% vs median
117 days
366
$14,900 – $25,000,000
$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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