550 PINE CANYON, Midway, UT 84049
4BD/—BA Residential in Midway, UT 84049. 3,150 sqft. Built 1977. Listed at $999,000. MLS #2168569.
4BD/—BA Residential in Midway, UT 84049. 3,150 sqft. Built 1977. Listed at $999,000. MLS #2168569.
1.37 acre lot adjoining this property also for sale - MLS #2167400. Ask for details! The best of Midway living - without compromise. Nestled on nearly a half-acre lot along a quiet country lane, this beautifully updated home sits right in the heart of one of Utah's most beloved small towns - and it's priced to make the dream attainable. Inside, the bright and modern kitchen is a true showstopper, framing sweeping views of the open green space beyond the property - a rare combination of beauty, privacy, and wide-open breathing room that's hard to find anywhere, let alone in the center of town. Step outside and you're surrounded by the timeless charm that makes Midway so special - stunning mountain backdrops, tree-lined streets, and a warm, welcoming neighborhood feel. Main Street, local shops, and the beloved town square are all just a short stroll away, making this the kind of home where convenience and tranquility coexist beautifully. Whether you're looking to put down roots or escape the pace of city life, this is the lifestyle you've been looking for - and with an adjoining 1.37-acre lot also available, the possibilities are wide open. 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 #
2168569
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 #
2168569
List Price
$999,000
Annual Taxes
$4,351
Home Warranty
No
List Price
$999,000
Annual Taxes
$4,351
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
82/100
vs Similar Homes
4% below
vs Market Median
16% below
Area Growth (YoY)
0.1%
Deal Score Breakdown
82/100 · 1 qualifying signal
Priced 16% below the per-subtype city median
Priced 4% below the median of similar listings
0.1% year-over-year ZHVI growth in this area
LT net cashflow -$2,163/mo (-32.2% return on ownership cost) · STR net cashflow -$5,066/mo (-75.5% 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.
Why this classification
Monthly Rent
$5,166/mo
Range: $3,622 – $6,710
Net Monthly Cash Flow
−$2,163 /mo (−$25,960/yr)
Monthly rental income
Monthly ownership cost
Coverage
77%
Net /mo
−$2,163
DSCR
0.91
Est. Annual Revenue
$28,170/yr
$213/night · 38% occupancy · $118/bedroom · $0.20/sqft
Net Monthly Cash Flow
−$5,066 /mo (−$60,790/yr)
Monthly STR income
Monthly ownership cost
Coverage
35%
Net /mo
−$5,066
DSCR
0.33
Best Download
2 Gbps
Best Upload
1 Gbps
Fiber Available
No
Providers
9
Available Providers
$1,023,000
-2% vs median
94 days
98
$15,000 – $9,400,000
$4,351
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Devin Tanner - Utah Realtor

Daryn Edmunds - High Road Properties
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