883 SCHONERBERG, Midway, UT 84049
5BD/—BA Residential in Midway, UT 84049. 3,785 sqft. Built 2026. Listed at $1,720,000. MLS #2143263.
5BD/—BA Residential in Midway, UT 84049. 3,785 sqft. Built 2026. Listed at $1,720,000. MLS #2143263.
Tucked behind private gates in the charming mountain town of Midway, this exceptional luxury townhome combines unparalleled privacy, nightly rental flexibility, and refined high-end design. Crafted by Utah's most decorated luxury home builders, Davies Design Build, the residence features five bedrooms and seven bathrooms, offering the ultimate basecamp for skiing at Deer Valley, boating on Deer Creek Reservoir, hiking the Uintas, or enjoying tranquil weekends in the mountains. Every space is elevated with premium finishes, including custom quartz countertops, handcrafted cabinetry, and top-of-the-line SubZero and Wolf appliances. Soaring ceilings and expansive windows frame mountain vistas and flood the home with natural light. The primary suite presents a private balcony for serene alpine retreats, and a versatile flex space is perfectly suited for a home theater, game room, or additional gathering area. A private hot tub and beautifully designed outdoor spaces offer effortless relaxation, while a fully turnkey setup ensures ownership is seamless. Set within a gated community intentionally free of amenities to preserve peace and tranquility, owners have the option to access the amenities at Zermatt Utah Resort & Spa just across the street. This Alcove townhome presents a rare opportunity to experience mountain living at its finest. As a limited-time offering, initial buyers will receive a complimentary private hot tub and the first year of HOA dues covered.
Property Type
Residential
Property Style
Townhouse
Architectural Style
Townhouse; Row-mid
Stories
3
Subdivision
ALCOVE
County
Wasatch
Zoning
Multi-Family
Construction
Clapboard/Masonite,Stone,Other
Lot Size
0.05 sq ft
Above Grade Area
3,785 sq ft
MLS #
2143263
Property Type
Residential
Property Style
Townhouse
Architectural Style
Townhouse; Row-mid
Stories
3
Subdivision
ALCOVE
County
Wasatch
Zoning
Multi-Family
Construction
Clapboard/Masonite,Stone,Other
Lot Size
0.05 sq ft
Above Grade Area
3,785 sq ft
MLS #
2143263
List Price
$1,720,000
HOA Fees
$300 / Monthly
Annual Taxes
$1
Home Warranty
No
List Price
$1,720,000
HOA Fees
$300 / Monthly
Annual Taxes
$1
Home Warranty
No
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt
Flooring
Hardwood,Tile
Basement
None
Materials
Clapboard/Masonite,Stone,Other
Appliances
Refrigerator
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt
Flooring
Hardwood,Tile
Basement
None
Materials
Clapboard/Masonite,Stone,Other
Appliances
Refrigerator
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Classification
Standard
Deal Score
30/100
vs Similar Homes
165% above
vs Market Median
7% above
Area Growth (YoY)
0.5%
Deal Score Breakdown
30/100
Priced 7% above the per-subtype city median
Priced 165% above the median of similar listings
0.5% year-over-year ZHVI growth in this area
LT net cashflow -$4,601/mo (-41.2% return on ownership cost) · STR net cashflow -$8,990/mo (-80.5% 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
$7,458/mo
Range: $4,558 – $10,359
Net Monthly Cash Flow
−$4,601 /mo (−$55,216/yr)
Monthly rental income
Monthly ownership cost
Coverage
67%
Net /mo
−$4,601
DSCR
0.77
Est. Annual Revenue
$37,272/yr
$176/night · 36% occupancy · $132/bedroom · $0.20/sqft
Net Monthly Cash Flow
−$8,989 /mo (−$107,872/yr)
Monthly STR income
Monthly ownership cost
Coverage
28%
Net /mo
−$8,990
DSCR
0.25
Best Download
2 Gbps
Best Upload
1 Gbps
Fiber Available
Yes
Providers
10
Available Providers
$1,105,000
+56% vs median
85 days
91
$189,000 – $8,500,000
$1
$300/monthly
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Daryn Edmunds - High Road Properties
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