Active

885 W Schonerberg Loop

Midway, UT 84049
Mark as Favorite
Acres5.99

Acres(Lot)

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.

Read More Expand
Tour with a ByOwner Agent

Detail Ic Property Details

Property Type : Land

Price : $10,900,000

AD Id : 91649214

MLS Id : 12604464

Lot Size : 5.99 Acres(Lot)

Tax Amount : $16,587

County : Wasatch

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Lot Information

    Lot Size Acres: 5.99 Lot Description: Level

    Property Information

    Subdivision: Midway Source Property Type: Land

  • Listing Price Information

    Listing Price: $10900000 Cash, Conventional

  • Tax Information

    Parcel Number: 00-0022-2390 Tax Year: 2025 Annual Tax: $16587

  • Garage Information

    Pets Allowed: Yes

  • Location Information

    WaterSource: Private
Sell a home like this and save $653,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
#41, Midway, UT, 84049 $295,000 -- -- -- 0.52 Acre(Lot)
N/A S Highlands Drive, Midway, UT, 84049 $2,950,000 -- -- -- 6.95 Acres(Lot)
5057 N Larkspur Rd #115.., Midway, UT, 84049 $375,000 -- -- -- 0.98 Acre(Lot)
No Situs Address, Midway, UT, 84049 $2,950,000 -- -- -- 24.39 Acres(Lot)
BEAR NORTH Parcels 06-5.., Midway, UT, 84049 $12,500,000 -- -- -- 72.48 Acres(Lot)
5485 N Pinecone Rd #214, Midway, UT, 84049 $255,000 -- -- -- 0.47 Acre(Lot)
Highlands Dr, Midway, UT, 84049 $2,950,000 -- -- -- 6.95 Acres(Lot)
5057 N Larkspur Road, Midway, UT, 84049 $375,000 -- -- -- 0.98 Acre(Lot)
2654 N River Meadows Dr.., Midway, UT, 84049 $1,300,000 -- -- -- 1.14 Acres(Lot)
2654 N River Dr #30, Midway, UT, 84049 $1,300,000 -- -- -- 1.14 Acres(Lot)

The data relating to real estate for sale on this website comes in part from the Internet Data exchange program of the Park City Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than , are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Park City Board of REALTORS®. All Rights Reserved.

ByOwner last updated this listing 10/12/2026 @ 07:14

MLS: 12604464 LISTED BY: Michael Hludzinski, eXp Realty, LLC (Park City) 801-526-6076 SOURCE: Park City Board of REALTORS

Homes around $10,900,000

Selling? Save $653,501 when you sell a home like this

Tour with a ByOwner Agent