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500 N PROBST WAY, Midway, UT 84049
$1,999,999
500 N PROBST WAY, Midway, UT 84049
Type
SFR
List Price
$2.00M
Price/Sqft
$406
Est Gross Yield
3.1%
$62,700/yr est.
Property Details
Description
Luxury mountain living awaits in this exceptional Midway home, ideally situated on a quiet cul-de-sac with beautiful views and a premier setting backing the Homestead Golf Course and open space. Designed for both comfortable everyday living and entertaining, the home features a beautiful kitchen, soaring vaulted ceilings, rich slate flooring, and expansive windows that fill the home with natural light. Mature landscaping creates a peaceful and private backyard retreat, while the oversized three-car garage includes a versatile bonus room above-ideal for a guest suite, home office, studio, or additional living space. What truly sets this property apart is the rare opportunity next door. The adjacent 1.37-acre property is also available for purchase, opening up possibilities that are nearly impossible to find in Midway. Together, the properties could create a charming little "farm" tucked away in the heart of Midway, with room for animals, a possible barn or detached garage with living space, and plenty of space to enjoy the existing orchard and garden area. With access from both Probst Way and Pine Canyon Road, the combined properties offer incredible flexibility and the opportunity to create a truly unique private estate. It is exceptionally difficult to find a Midway property that offers this combination of a beautiful home, golf course setting, additional acreage, animal possibilities, and room for a barn-all while being just minutes from downtown. Surrounded by world-class golf, skiing, fly fishing, hiking, and boating, this is a rare opportunity to enjoy the very best of Heber Valley living while creating your own private piece of country life right in Midway. Buyer to verify all information. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement.
Listed by Genene Miles · Davis Coleman Realty
Location
500 N PROBST WAY, Midway, UT 84049
Proforma
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Cap Rate
2.08%
Cash-on-Cash
-6.91%
Cash Flow
-$4,320/mo
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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 8/26/2026, 2:27:07 AM. 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. Listing data provided by UtahRealEstate.com.