550 PINE CANYON, Midway, UT 84049
4BD/—BA Residential in Midway, UT 84049. 3,150 sqft. Built 1977. Listed at $1,099,000. MLS #2079687.
4BD/—BA Residential in Midway, UT 84049. 3,150 sqft. Built 1977. Listed at $1,099,000. MLS #2079687.
Price Reduced! Beautifully updated home on nearly half an acre in the heart of Midway! This well-maintained property features a bright, modern kitchen with stunning views of the expansive green space behind the home. Nestled in a charming and open neighborhood, it captures the signature Midway feel. Enjoy sweeping mountain views and a short walk to Main Street and the town square. Located on a peaceful country lane, this home offers the serene, small-town setting that makes Midway so special. Buyer to verify all information. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
2
County
Wasatch
Zoning
Single-Family
Construction
Asphalt,Brick,Clapboard/Masonite
Lot Size
0.49 sq ft
Above Grade Area
1,656 sq ft
Condition
Blt./Standing
MLS #
2079687
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
2
County
Wasatch
Zoning
Single-Family
Construction
Asphalt,Brick,Clapboard/Masonite
Lot Size
0.49 sq ft
Above Grade Area
1,656 sq ft
Condition
Blt./Standing
MLS #
2079687
List Price
$1,099,000
Original Price
$1,199,000
Annual Taxes
$4,302
Home Warranty
No
List Price
$1,099,000
Original Price
$1,199,000
Annual Taxes
$4,302
Home Warranty
No
Heating
Gas: Central,Gas: Stove
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood
Basement
Entrance
Materials
Asphalt,Brick,Clapboard/Masonite
Appliances
Ceiling Fan,Portable Dishwasher,Range Hood,Water Softener Owned
Patio & Porch
Patio: Open
Water Source
Irrigation: Pressure
Sewer
Sewer: Connected
View
Mountain(s)
Heating
Gas: Central,Gas: Stove
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood
Basement
Entrance
Materials
Asphalt,Brick,Clapboard/Masonite
Appliances
Ceiling Fan,Portable Dishwasher,Range Hood,Water Softener Owned
Patio & Porch
Patio: Open
Water Source
Irrigation: Pressure
Sewer
Sewer: Connected
View
Mountain(s)
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Why this is a deal
Classification
Great Deal (vs Market)
Deal Score
100/100
vs Similar Homes
10% above
vs Market Median
38% below
Price Reduced
8.3%
Area Growth (YoY)
0.1%
Deal Score Breakdown
100/100 · 2 qualifying signals
Priced 38% below the per-subtype city median
8% price reduction from original list — seller may be motivated
Priced 10% above the median of similar listings
0.1% year-over-year ZHVI growth in this area
LT net cashflow -$2,625/mo (-35.5% return on ownership cost) · STR net cashflow -$5,749/mo (-77.8% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
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.
Why this classification
Monthly Rent
$5,418/mo
Range: $3,969 – $6,867
Net Monthly Cash Flow
−$2,625 /mo (−$31,494/yr)
Monthly rental income
Monthly ownership cost
Coverage
73%
Net /mo
−$2,625
DSCR
0.86
Est. Annual Revenue
$28,170/yr
$213/night · 38% occupancy · $118/bedroom · $0.20/sqft
Net Monthly Cash Flow
−$5,749 /mo (−$68,988/yr)
Monthly STR income
Monthly ownership cost
Coverage
32%
Net /mo
−$5,749
DSCR
0.30
Best Download
2 Gbps
Best Upload
1 Gbps
Fiber Available
No
Providers
9
Available Providers
$1,050,000
+5% vs median
115 days
98
$189,000 – $6,990,000
$4,302
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Daryn Edmunds - High Road Properties

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Devin Tanner - Utah Realtor
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