996 SR 24, Torrey, UT 84775
3BD/—BA Residential in Torrey, UT 84775. 2,000 sqft. Built 2009. Listed at $990,000. MLS #2163979.
3BD/—BA Residential in Torrey, UT 84775. 2,000 sqft. Built 2009. Listed at $990,000. MLS #2163979.
Located adjacent to the city limits of Torrey in Wayne County, this 2.5 acre property offers a unique combination of residential living, workshop space, storage facilities, and future expansion potential. Situated just minutes from Capitol Reef National Park and surrounded by some of Utah's most recognized public lands, the property provides convenient access to recreation, tourism, and outdoor opportunities while maintaining a private setting. The property has served as the long-term home of Thousand Lakes Services, an established RV repair operation. While the property is being marketed and sold as real estate only, the existing improvements provide flexibility for a variety of future uses, subject to applicable regulations and approvals. The seller is willing to discuss including business transition outside in addition to the real estate transaction. The parcel is heavily shaded by mature trees and features a private setting with a large metal entry gate and landscaped grounds. The primary residence was completed in 2009 and offers approximately 2,000 square feet of living space. The home includes three bedrooms, two bathrooms, a full-sized laundry room, custom cabinetry, a gas cooktop, and an electric double oven. The residence has also been prepared for future expansion, with plans completed and a foundation already poured for an additional 3,000 square feet, allowing future owners the option to continue development if desired. Energy efficiency has been incorporated throughout the property. Two independent solar systems generate a combined 16.9 kilowatts of power. The home utilizes heated concrete floors supplied by a propane boiler, along with a wood-burning stove for supplemental heating. Cooling is provided by a swamp cooler and ceiling fans. The shop also benefits from heated floors and includes a waste-oil heater for supplemental winter use. Water is supplied by a private well, complemented by approximately 3,600 gallons of underground water storage capacity. These infrastructure improvements contribute to the property's self-sufficiency and operational flexibility. A significant feature of the property is the approximately 2,700-square-foot commercial shop and studio building currently configured as an RV service facility. The structure provides substantial workspace, storage, and utility for a variety of potential applications. Additional improvements include a 1,000-square-foot outbuilding featuring storage space and a partially finished apartment area, a hay shed, multiple chicken coops, and two approximately 300-square-foot cabins currently utilized for storage. The setting offers views of Velvet Ridge and surrounding red rock landscapes that characterize the Torrey area. The property borders the vicinity of Torrey city limits and may offer future annexation potential, subject to city review and approval. The location places owners within minutes of some of Utah's most notable destinations. Capitol Reef National Park lies immediately to the east, while Fishlake National Forest and Thousand Lake Mountain are located to the north. Boulder Mountain and Dixie National Forest are accessible to the south, providing opportunities for hunting, hiking, camping, fishing, ATV riding, and other outdoor pursuits. Whether utilized primarily as a residence, business location, storage facility, or a combination of uses, this Wayne County property offers substantial improvements, infrastructure, and access to some of Utah's most scenic public lands and recreation areas.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
1
County
Wayne
Zoning
Single-Family, Commercial
Construction
Stucco,Metal Siding
Lot Size
2.57 sq ft
Above Grade Area
2,000 sq ft
Condition
Blt./Standing
MLS #
2163979
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
1
County
Wayne
Zoning
Single-Family, Commercial
Construction
Stucco,Metal Siding
Lot Size
2.57 sq ft
Above Grade Area
2,000 sq ft
Condition
Blt./Standing
MLS #
2163979
List Price
$990,000
Annual Taxes
$3,560
Home Warranty
No
List Price
$990,000
Annual Taxes
$3,560
Home Warranty
No
Heating
Propane,Wood,Radiant Floor
Cooling
Evaporative Cooling
Roof
Metal
Flooring
Concrete
Basement
Slab
Materials
Stucco,Metal Siding
Appliances
Ceiling Fan,Dryer,Microwave,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Patio & Porch
Covered
Water Source
Well
Sewer
Sewer: Connected,Septic Tank
View
Mountain(s),Valley,View: Red Rock
Heating
Propane,Wood,Radiant Floor
Cooling
Evaporative Cooling
Roof
Metal
Flooring
Concrete
Basement
Slab
Materials
Stucco,Metal Siding
Appliances
Ceiling Fan,Dryer,Microwave,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Patio & Porch
Covered
Water Source
Well
Sewer
Sewer: Connected,Septic Tank
View
Mountain(s),Valley,View: Red Rock
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Classification
Standard
Deal Score
25/100
vs Market Median
10% above
Area Growth (YoY)
2.1%
Deal Score Breakdown
25/100
2.1% year-over-year ZHVI growth in this area
Priced 10% above the per-subtype city median
STR net cashflow -$3,675/mo (-55.8% 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
Not enough comparable listings
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.
Est. Annual Revenue
$49,913/yr
$127/night · 66% occupancy · $127/bedroom
Net Monthly Cash Flow
−$3,675 /mo (−$44,098/yr)
Monthly STR income
Monthly ownership cost
Coverage
63%
Net /mo
−$3,675
DSCR
0.59
$3,560
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