$17,500,000 4728 W 12240 S Payson, UT

MLS: 1767171   Type: Land   County: Utah   City: Payson   Zip: 84651     Taxes: $4,000

Mortgage $82,159 /mo



Half Baths

Sqr Footage









148 acres over 17 parcels. One owner. Approx 2,380 feet of frontage on I-15. Approx 780 feet of frontage on Union Pacific rail. Immediate access to I-15 overpass, an on/off ramp less than 1.5 miles away. Located between the two rapidly expanding municipalities of Payson and Santequin, this property has been operating as an equestrian facility for more than 20 years. 57.68 shares of Strawberry Highline Canal Company. Agricultural water available from two springs and three wells. Residence is 3552 sq. ft. This property is 3 miles from Payson High School. 2.5 miles from Payson Jr. High. Also found within a 2 mile radius of the property are: Super Walmart, IHOP, other national/regional retailers (Wendy's, Costa Vida, Macey's Grocery); big box distribution (Rocky Mountain ATV, Temkin & Cal Ranch); residential and multi-family developments (168 unit rental development, 30+ town homes under construction. A 100 unit condo project is also planned) and a Utah Valley University 38 acre expansion campus site (purchase January 2020). Note this property is within Utah County's borders and unless a new city is formed, will need annexation into Payson or Santequin for development into those municipalities. Estimates seem to indicate that could take up to 5-10 years depending on the developer, city personnel and other variables. Other region notables: Provo Airport is 25 minute travel time. Silicon Slopes in Lehi Utah 35 minute travel time. Salt Lake International Airport 60 minute travel time. Utah Transit Authority (UTA) Trax/Frontrunner commuter rail line currently runs 81 miles between Provo and Ogden. UTA's long term plan acknowledges a potential expansion need for extending the commuter rail use south for Frontrunner between Provo and the Springville/Spanish Fork/Payson/Santequin areas on the rail line this property fronts. Information presented deemed reliable but not guaranteed, Buyer to verify.

Elementary School

Middle School

High School

Spring Lake
Distance: 1.47 Miles
Diamond Fork
Distance: 9.82 Miles
Distance: 2.2 Miles

Price History

9/7/2021 Listed $18,400,000
12/13/2021 3% - $17,900,000
12/16/2021 3% - $17,500,000

Association Y/N N
Attached Garage N
Carport Spaces 0
Carport Y/N N
Current Use Residential, Agricultural
Elementary School District Nebo
Exterior Features See Remarks
Garage Spaces 0
Garage Y/N N
HOA Fee 0
High School District Nebo
Home Warranty Y/N N
Lease Considered Y/N N
Lot Size Square Feet 6451671.6
MLS Area Payson; Elk Rg; Salem; Wdhil
Middle/Junior School District Nebo
Mobile Length 0
Mobile Width 0
New Construction N
Number of Units Leased 0
Open Parking Spaces 0
Private Pool N
Property Attached Y/N N
Property SubType Residential
Property Type Land
Senior Community Y/N N
Standard Status Active
Stories 0
Tax Annual Amount 4000.0
Total Rooms 0
Total Units 0
Utilities See Remarks
Year Built 0
Zoning See Remarks
Zoning Description RA-5

Interior Features

Above Grade Finished Area 0
Air Conditioning Y/N N
Basement Finished 0
Fireplace Y/N N
Heating Y/N N
Living Area 0
Main Level Bedrooms 0
Total Fireplaces 0
Total Stories 0

Exterior Features

Building Area Total 0
Covered Spaces 0
Frontage Length 2380.0
Horse Y/N Y
Lot Dimensions 2380.0x0.0x0.0
Lot Features See Remarks
Lot Size Acres 148.11
Lot Size Area 148.11
Lot Size Units Acres
Number of Buildings 0
Number of Pads 0
Open Parking Y/N N
Spa N
Total Parking 0
View Y/N Y
Waterfront Y/N N

Property Schools

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Gallery (22 photos)

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Property vs Zip Code Avg (84651)

Price 17.5M Avg 3.07M

Taxes $4,000 Avg $2,041

Acres 148.11 Avg 22.75

Visits 82 Avg 45

Days on Site 540 Avg 158

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Listing Provided Courtesy Of: Integra Realty, LLC

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