500 PROBST, Midway, UT 84049
5BD/—BA Residential in Midway, UT 84049. 4,932 sqft. Built 2008. Listed at $2,300,000. MLS #2148608.
5BD/—BA Residential in Midway, UT 84049. 4,932 sqft. Built 2008. Listed at $2,300,000. MLS #2148608.
Luxury living in the heart of Midway with breathtaking views, premier location, and refined mountain charm. Nestled in a quiet cul-de-sac in highly sought-after Midway, this exceptional residence offers a rare combination of privacy, open space, and sweeping views. Backing to the scenic Homestead Golf Course, which is currently under construction, and surrounding open land, the setting captures the very best of Midway's natural beauty. Thoughtfully designed for both elegant living and effortless entertaining, the home features a stunning open-concept kitchen, rich slate flooring and great room with soaring vaulted ceilings, and expansive windows that frame the picturesque landscape. The seamless flow of the main living areas creates a warm yet sophisticated mountain retreat. Step outside to a beautifully landscaped yard with mature trees, offering a serene outdoor oasis perfect for quiet mornings or hosting gatherings under the stars. Car enthusiasts and hobbyists will appreciate the oversized 3-car garage, complemented by a versatile bonus space above, ideal for a private office, guest suite, studio, or additional living quarters. Perfectly positioned to enjoy the best of Midway and Heber Valley, this home provides easy access to scenic trails, world-class fly fishing on the Provo River, championship golf, and year round recreation, all while being just minutes from charming local shops, dining, and amenities. A rare opportunity to experience elevated mountain living in one of Utah's most coveted destinations. 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
3
County
Wasatch
Zoning
Single-Family
Construction
Stucco,Other
Lot Size
0.63 sq ft
Above Grade Area
4,932 sq ft
Condition
Blt./Standing
MLS #
2148608
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
County
Wasatch
Zoning
Single-Family
Construction
Stucco,Other
Lot Size
0.63 sq ft
Above Grade Area
4,932 sq ft
Condition
Blt./Standing
MLS #
2148608
List Price
$2,300,000
Annual Taxes
$9,237
Home Warranty
No
List Price
$2,300,000
Annual Taxes
$9,237
Home Warranty
No
Heating
Forced Air,Hydronic,Passive Solar
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Slate
Basement
None
Materials
Stucco,Other
Appliances
Ceiling Fan,Dryer,Freezer,Gas Grill/BBQ,Microwave,Range Hood,Refrigerator,Satellite Equipment,Washer,Water Softener Owned
Laundry
Gas Dryer Hookup
Water Source
Irrigation: Pressure
Sewer
Sewer: Connected
View
Mountain(s),Valley
Heating
Forced Air,Hydronic,Passive Solar
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Slate
Basement
None
Materials
Stucco,Other
Appliances
Ceiling Fan,Dryer,Freezer,Gas Grill/BBQ,Microwave,Range Hood,Refrigerator,Satellite Equipment,Washer,Water Softener Owned
Laundry
Gas Dryer Hookup
Water Source
Irrigation: Pressure
Sewer
Sewer: Connected
View
Mountain(s),Valley
Garage Spaces
3
Covered Spaces
3
Total Parking
3
Garage Spaces
3
Covered Spaces
3
Total Parking
3
Classification
Standard
Deal Score
10/100
vs Similar Homes
98% above
vs Market Median
38% above
Area Growth (YoY)
0.5%
Deal Score Breakdown
10/100
Priced 98% above the median of similar listings
Priced 38% above the per-subtype city median
0.5% year-over-year ZHVI growth in this area
LT net cashflow -$6,610/mo (-43.2% return on ownership cost) · STR net cashflow -$13,059/mo (-85.4% 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
$9,873/mo
Range: $6,905 – $12,840
Net Monthly Cash Flow
−$6,610 /mo (−$79,315/yr)
Monthly rental income
Monthly ownership cost
Coverage
65%
Net /mo
−$6,610
DSCR
0.76
Est. Annual Revenue
$38,368/yr
$212/night · 37% occupancy · $118/bedroom · $0.20/sqft
Net Monthly Cash Flow
−$13,060 /mo (−$156,723/yr)
Monthly STR income
Monthly ownership cost
Coverage
21%
Net /mo
−$13,059
DSCR
0.20
Best Download
2 Gbps
Best Upload
1 Gbps
Fiber Available
No
Providers
9
Available Providers
$1,105,000
+108% vs median
85 days
91
$189,000 – $8,500,000
$9,237
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Devin Tanner - Utah Realtor

Daryn Edmunds - High Road Properties
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