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885 W Schonerberg Loop

Midway, UT 84049
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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.

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Detail Ic Property Details

Property Type : Land

Price : $10,900,000

AD Id : 91646527

MLS Id : 2189059

Lot Size : 5.99 Acres(Lot)

Tax Amount : $16,587

County : Wasatch

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Feature Features

  • Heating & Cooling

    Heating: None Cooling: None

  • Lot Information

    Lot Dimensions: 0.0x0.0x0.0 Main Square Feet: 5.99 Acres Lot Size Acres: 5.99 Lot Size Square Feet: 260924.4

  • Listing Price Information

    Listing Price: $10900000 Cash, Conventional

  • Tax Information

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

  • School Information

    Elementary School: Midway
    Junior High School: Wasatch
    Senior High School: Wasatch
  • Utility Information

    Natural Gas Available, Electricity Available, Sewer Available
  • Location Information

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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)

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 10/11/2026 @ 04:09. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

ByOwner last updated this listing 10/11/2026 @ 04:09

MLS: 2189059 LISTED BY: Mike Hludzinski, EXP Realty, LLC (Park City) 801-528-6076 SOURCE: UtahRealEstate (Wasatch Front)

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