885 W SCHONERBERG LOOP, Midway, UT 84049
885 W SCHONERBERG LOOP, Midway, UT 84049
885 W SCHONERBERG LOOP, Midway, UT 84049
885 W SCHONERBERG LOOP, Midway, UT 84049
885 W SCHONERBERG LOOP, Midway, UT 84049
885 W SCHONERBERG LOOP, Midway, UT 84049
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Stephanie Hudson

Stephanie Hudson

+1(801) 580-1844
$ 10,900,000
Est. payment | /mo

5.99 Acres Lot

Save
$ 10,900,000
Est. payment | /mo
Save

5.99 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 2189059

HOA Y/N No

Annual Tax Amount $16,587

Lot Size 5.990 Acres

Acres 5.99

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Multi Family

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

Area Midway

Zoning Multi-Family, Short Term Rental Allowed

Interior

Fireplace No

Exterior

Utilities Available Natural Gas Available, Electricity Available, Sewer Available, Sewer: Public

View Y/N Yes

View Valley

Present Use Multi-Family

Private Pool No

Building

Lot Description View: Mountain, View: Valley

Sewer Sewer: Available, Sewer: Public

New Construction No

Schools

Elementary Schools Midway

Middle Schools Wasatch

High Schools Wasatch

School District Wasatch

Others

Senior Community No

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

Stephanie Hudson
Stephanie Hudson

Agent License ID: 11026926-SA00

+1(801) 580-1844 | stephanie@bestutahproperty.com

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Stephanie Hudson, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

885 W SCHONERBERG LOOP