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Casey And Malea Jones

casey@reestgeorge.com +1(801) 671-6158

$ 10,900,000

Est. payment | -/mo

260,924 SqFt

Save

$ 10,900,000

Est. payment | -/mo

Save

260,924 SqFt

Key Details

Property Type Vacant Land

Sub Type Acreage

Listing Status Active

Purchase Type For Sale

Square Footage 260,924 sqft

Price per Sqft $41

Subdivision Midway

MLS Listing ID 12604464

Annual Tax Amount $16,587

Tax Year 2025

Lot Size 5.990 Acres

Acres 5.99

Lot Dimensions 5.99

Property Sub-Type Acreage

Source Park City Board of REALTORS®

Property Description

A rare development opportunity in the heart of Midway. Alcove is a private gated community with a recorded plat for 22 luxury residences, including seven duplexes and two fourplexes, directly across the street from Zermatt Resort with access to its amenities. Buy it the way that fits you. Move forward with Davies Design Build, Utah's most decorated luxury builder, already in place and ready to break ground. Or purchase the opportunity on its own and bring your own builder and vision. The current designs feature residences of 3,700+ square feet, each with 5 bedrooms, 6+ baths, and Sub-Zero and Wolf appliances. Duplex and fourplex plans, a full building cost breakdown, a site map, floor plans, and title documents are all available for review. The value is easy to see. Residences start at $1.72M, while a nearby new development is selling 2-bedroom homes for $1.4M. With Davies on board, the first units are estimated to be complete 9 months from groundbreaking, and residences can be offered fully furnished. The rental story is just as strong. Nightly rentals are allowed, which makes this community unique in Midway. A partnership with Ember Stays provides hands-off management, and owners keep 70% of rental revenue. Midway draws guests year-round, not just during ski season. Rental projections are available on request. All of this sits 4 minutes from downtown Midway and 15 minutes from Deer Valley's East Village. Reach out for the cost breakdown, walkthrough videos, and a private tour of the site.

Location

State UT

County Wasatch

Community Midway

Area 30 - Midway

Exterior

Utilities Available See Remarks

Amenities Available Spa/Hot Tub, Nightly Rental Allowed, Clubhouse, Fitness Room, Pets Allowed, Pool, Shuttle Service, Steam Room, Tennis Court(s)

View Y/N Yes

View Mountain(s), Valley

Building

Lot Description Level, PUD - Planned Unit Development

Water Private

Schools

School District Wasatch

Others

Tax ID 00-0022-2390

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by eXp Realty, LLC (Park City)

Nearby Locations

GET MORE INFORMATION

Casey And Malea Jones

Broker-Owner Lic# 10292449-AB

casey@reestgeorge.com

+1(801) 671-6158

5965 S 900 E #150, Murray, UT 84121

885 W Schonerberg LOOP Loop Midway, UT 84049

Casey And Malea Jones

Key Details

Location

Exterior

Building

Schools

Others

885 W Schonerberg LOOP Loop