485 N Waters Edge Rd Midway, UT 84049
Estimated Value: $5,883,288 - $6,203,000
5
Beds
7
Baths
6,977
Sq Ft
$864/Sq Ft
Est. Value
Highlights
- Steam Room
- New Construction
- River View
- Midway Elementary School Rated A-
- Spa
- 1.14 Acre Lot
About This Home
As of October 2024Reminiscent of classic estates found in Bel Air and Montecito, this magnificent residence boasts the finest materials, perfected spacial relationships with fluid movement between rooms and designer coordinated interiors. Every room is an entertainers dream that moves effortless from the interior to the exterior and opens to the pond and over an acre of manicured landscape, highlighted a by a grand swimming pool and spa, accented by fireballs and all framed by expansive exterior patios, a firepit, and a built in outdoor grill. Wake to the sounds of the geese gliding over the pond while being cradled by breathtaking mountain landscapes in every direction.
Highlights include a masterfully designed open kitchen with Wolf appliances and a to-die-for pantry. There is a glass-walled primary bedroom with a marble bathroom, wet room with steam shower, and a walk-in closet that opens to one of two laundry rooms. Pool parties have access to a full wet bar, pool table, game room and designated pool bath. On quite afternoons, enjoy your own rec room with workout equipment, a golf simulator, and a spa-like bath with infrared sauna and steam shower. Catch up on your reading in the designated office or upstairs library.
Your guests will luxuriate in one of four additional bedrooms and baths with the subtle feeling they have been transported to a grand estate in the South of France.
Whitaker Farm has direct access to the Provo River where you can walk in peaceful bliss or drop a line to catch some rainbow trout.
Feeling social? There is a clubhouse and pool with pond access as part of this very special community. There won't be another house like this one and there won't be another Whitaker Farm community. This is your chance to own a legacy property in the gorgeous town of Midway with quaint shops and dining, mere minutes to cross country skiing, 2 public golf courses, Wasatch State Park, Deer Creek and Jordanelle reservoirs and 8 min Mayflower/Deer Valley resort
Last Agent to Sell the Property
KW Park City Keller Williams Real Estate License #5469168-SA00 Listed on: 10/27/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,911
Year Built
- Built in 2023 | New Construction
Lot Details
- 1.14 Acre Lot
- South Facing Home
- Southern Exposure
- Landscaped
- Level Lot
HOA Fees
- $250 Monthly HOA Fees
Property Views
- River
- Pond
- Mountain
Home Design
- Traditional Architecture
- Wood Frame Construction
- Stone Siding
- Concrete Perimeter Foundation
- Stucco
- Stone
Interior Spaces
- 6,977 Sq Ft Home
- Open Floorplan
- Wet Bar
- Furnished
- Sound System
- Vaulted Ceiling
- Ceiling Fan
- 3 Fireplaces
- Gas Fireplace
- Great Room
- Family Room
- Formal Dining Room
- Home Office
- Storage
- Washer
- Steam Room
- Fire and Smoke Detector
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Double Oven
- Microwave
- Freezer
- Dishwasher
- Kitchen Island
- Granite Countertops
- Disposal
Flooring
- Wood
- Carpet
- Marble
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- Double Vanity
Parking
- Attached Garage
- Oversized Parking
- Utility Sink in Garage
- Heated Garage
- Garage Drain
- Garage Door Opener
- Guest Parking
Eco-Friendly Details
- Sprinkler System
Pool
- Spa
- Outdoor Pool
Outdoor Features
- Balcony
- Patio
- Outdoor Gas Grill
Utilities
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Tankless Water Heater
- Gas Water Heater
- Water Softener is Owned
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 00-0021-4478
Community Details
Overview
- Association fees include com area taxes, insurance
- Association Phone (801) 256-0465
- Whitaker Farm Subdivision
Amenities
- Clubhouse
Recreation
- Pickleball Courts
- Community Pool
- Community Spa
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 27, 2023
Closed on
Oct 14, 2024
Sold by
Sherman Douglas G and Sherman Sharon
Bought by
Stewart Matthew and Stewart Holly
Seller's Agent
Cheryl Fine-Whitteron
KW Park City Keller Williams Real Estate
Buyer's Agent
Bob Fine
Engel & Volkers Park City
List Price
$8,750,000
Sold Price
$6,090,000
Premium/Discount to List
-$2,660,000
-30.4%
Total Days on Market
311
Views
37
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$63,928
Avg. Annual Appreciation
-1.56%
Purchase Details
Closed on
Jan 24, 2022
Sold by
Sharon Sherman
Bought by
Sherman Douglas G and Sherman Sharon
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
3%
Mortgage Type
Construction
Purchase Details
Closed on
Dec 4, 2019
Sold by
Whitaker Farm Development Llc
Bought by
Sherman Sharon
Similar Homes in Midway, UT
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Stewart Matthew | -- | Real Advantage Title | |
| Sherman Douglas G | -- | Atlas Title | |
| Sherman Sharon | -- | First Amer Ttl Heber City |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Sherman Douglas G | $235,000 | |
| Previous Owner | Sherman Douglas G | $1,600,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/14/2024 10/14/24 | Sold | -- | -- | -- |
| 09/03/2024 09/03/24 | Pending | -- | -- | -- |
| 07/27/2024 07/27/24 | Price Changed | $5,998,000 | -11.8% | $860 / Sq Ft |
| 05/27/2024 05/27/24 | Price Changed | $6,800,000 | -6.2% | $975 / Sq Ft |
| 04/08/2024 04/08/24 | Price Changed | $7,250,000 | -17.1% | $1,039 / Sq Ft |
| 10/27/2023 10/27/23 | For Sale | $8,750,000 | -- | $1,254 / Sq Ft |
Source: Park City Board of REALTORS®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $22,058 | $4,390,000 | $864,000 | $3,526,000 |
| 2023 | $16,927 | $3,291,400 | $789,000 | $2,502,400 |
| 2022 | $7,911 | $789,000 | $789,000 | $0 |
| 2021 | $4,866 | $375,000 | $375,000 | $0 |
| 2020 | $5,018 | $375,000 | $375,000 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Cheryl Fine-Whitteron
Seller's Agent in 2024
Cheryl Fine-Whitteron
KW Park City Keller Williams Real Estate
(435) 225-2998
9 in this area
91 Total Sales
-
Bob Fine
B
Buyer's Agent in 2024
Bob Fine
Engel & Volkers Park City
(435) 565-5990
2 in this area
10 Total Sales
Map
Source: Park City Board of REALTORS®
MLS Number: 12303908
APN: 00-0021-4478
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