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Salt Lake Tribune | This Utah house listed at $72.5 million could become the most expensive ever sold in the state

June 11, 2025
  • In The News

The Morgan County property doesn’t have direct-to-lift access, but it could. It doesn’t have its own, private lift or direct-to-lift access. It’s not even ski-in, ski-out. But the mountain home vying to become the most expensive residential property in Utah history doesn’t necessarily need those amenities.

With more than 7,000 acres with 3,000 feet of elevation gain, the buyers could build their own private ski paradise.

“I think it would be more of a snowcat/backcountry thing, like, friends and family and guests more than a potential public ski resort, right?” said Tim Anderson, the property’s broker through the Montana-based Swan Land Company. “It certainly gets a lot of snow, and there’s a strong winter component up there.”

The main house at Sheep Canyon Ranch, located in Morgan. The 7,000+ acre ranch is listed for $72,500,000.
The main house at Sheep Canyon Ranch, located in Morgan. The 7,000+ acre ranch is listed for $72,500,000.

Article By Julie Jag | SALT LAKE CITY TRIBUNE | JUNE
(Swan Land Company) This $72.5 million Morgan County property includes equestrian facilities and a backcountry tented camp, located within an hour of Park City, Snowbasin Resort, Powder Mountain and Salt Lake City.

This $72.5 million Morgan County property includes equestrian facilities and a backcountry tented camp, located within an hour of Park City, Snowbasin Resort, Powder Mountain and Salt Lake City.

If that seems like too much effort, though, the Morgan County property is located an hour from five public ski resorts: Deer Valley Resort, Park City Mountain, Powder Mountain, Nordic Valley and Snowbasin.

It’s also near “dozens” of golf courses, a few miles from water skiing and paddleboarding at East Canyon Reservoir and has trout fishing and big game hunting right outside the door of the 6,537-square-foot main house.

It’s for that reason, Anderson said, the property is worth its $72.5 million price tag.

“I’m sure you could buy a home like that in a number of different locations — you know, in Deer Valley or Park City — but that setting [in Morgan County] really can’t be reproduced, right?” said Anderson, who is co-listing the property with Salt Lake City-based broker Sam Sanders. “And I think that’s the piece that’s really enchanting. And then you tie it into an additional 7,000 acres in your backyard, and it just becomes an opportunity that is unlike anything else that’s out there.”