257 DEER RIDGE, Midway, UT 84049
4BD/—BA Residential in Midway, UT 84049. 6,074 sqft. Built 2013. Listed at $2,922,500. MLS #2152383.
4BD/—BA Residential in Midway, UT 84049. 6,074 sqft. Built 2013. Listed at $2,922,500. MLS #2152383.
This stunning Deer Ridge Estates home on a private acre offers a fully furnished opportunity just 12 minutes from Deer Valley East Village, combining timeless design, privacy, and effortless access to year-round recreation. Nestled in one of Midway's most sought-after neighborhoods, this immaculate residence offers a move-in ready experience with timeless finishes throughout. All four bedrooms are en-suite, including one within a separate guest suite featuring its own balcony and sitting area, ideal for visitors or multi-generational living. Two additional office spaces provide flexibility for remote work, a nursery, or additional living needs. The outdoor setting is a standout, with a private, landscaped backyard designed for both relaxation and entertaining, featuring a covered patio, string lighting, and multiple seating areas surrounded by mature trees and layered landscaping that create a peaceful, park-like environment with natural seclusion. Additional highlights include a breezeway-connected toy garage, which functions as one of the three garage spaces and can also be used for recreational storage, a workshop, or flexible space, as well as an approximately 1,200 square foot unfinished basement offering excellent potential for a home gym, media room, or additional living space. Located in Deer Ridge Estates, this home offers a rare balance of privacy and convenience, with world-class skiing, biking, and outdoor recreation just minutes away. If you've been waiting for the right home in Midway, this may be it.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Tri/Multi-Level
Stories
3
Subdivision
DEER RIDGE ESTATES
County
Wasatch
Zoning
Single-Family
Construction
Stone,Other
Lot Size
1 sq ft
Above Grade Area
4,896 sq ft
Condition
Blt./Standing
MLS #
2152383
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Tri/Multi-Level
Stories
3
Subdivision
DEER RIDGE ESTATES
County
Wasatch
Zoning
Single-Family
Construction
Stone,Other
Lot Size
1 sq ft
Above Grade Area
4,896 sq ft
Condition
Blt./Standing
MLS #
2152383
List Price
$2,922,500
Original Price
$2,995,000
HOA Fees
$800 / Annually
Annual Taxes
$22,858
Home Warranty
No
List Price
$2,922,500
Original Price
$2,995,000
HOA Fees
$800 / Annually
Annual Taxes
$22,858
Home Warranty
No
Heating
Forced Air,Radiant Floor
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Full
Materials
Stone,Other
Appliances
Ceiling Fan,Dryer,Gas Grill/BBQ,Microwave,Washer,Water Softener Owned
Patio & Porch
Covered
Water Source
Culinary,Irrigation,Secondary
Sewer
Sewer: Connected
View
Mountain(s),Valley
Heating
Forced Air,Radiant Floor
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Full
Materials
Stone,Other
Appliances
Ceiling Fan,Dryer,Gas Grill/BBQ,Microwave,Washer,Water Softener Owned
Patio & Porch
Covered
Water Source
Culinary,Irrigation,Secondary
Sewer
Sewer: Connected
View
Mountain(s),Valley
Garage Spaces
3
Covered Spaces
3
Total Parking
7
Garage Spaces
3
Covered Spaces
3
Total Parking
7
Why this is a deal
Classification
Great Deal (vs Market)
Deal Score
100/100
vs Similar Homes
24% above
vs Market Median
53% below
Price Reduced
2.4%
Area Growth (YoY)
-1.4%
Deal Score Breakdown
100/100 · 1 qualifying signal
Priced 53% below the per-subtype city median
2% price reduction from original list — seller may be motivated
Priced 24% above the median of similar listings
-1.4% year-over-year ZHVI growth in this area
LT net cashflow -$10,672/mo (-51.6% return on ownership cost) · STR net cashflow -$20,282/mo (-98.1% 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
$11,369/mo
Range: $8,329 – $14,410
Net Monthly Cash Flow
−$10,672 /mo (−$128,060/yr)
Monthly rental income
Monthly ownership cost
Coverage
55%
Net /mo
−$10,672
DSCR
0.68
Est. Annual Revenue
$6,768/yr
$633/night · 58% occupancy · $158/bedroom · $0.24/sqft
Net Monthly Cash Flow
−$20,281 /mo (−$243,368/yr)
Monthly STR income
Monthly ownership cost
Coverage
3%
Net /mo
−$20,282
DSCR
0.03
Best Download
2 Gbps
Best Upload
2 Gbps
Fiber Available
Yes
Providers
9
Available Providers
$1,050,000
+178% vs median
115 days
98
$189,000 – $6,990,000
$22,858
$800/annually
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