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Luxury Homes for Sale in Murray, Utah
Murray sits dead center in the Salt Lake Valley, which is exactly why luxury buyers keep circling back to it. You get a nine-minute drive to downtown Salt Lake, quick access to I-15 and I-215, and Intermountain Medical Center and the Murray business corridor as steady economic anchors — but the housing stock still has room for the kind of lot sizes and privacy that got squeezed out of Salt Lake's Avenues or Sugar House years ago. Luxury here generally starts in the $900,000s and climbs past $2 million in pockets like the benches near Wasatch Boulevard and the older estate streets off Vine Street and Murray Park, where mature trees, larger parcels, and updated mid-century or custom-built homes give buyers space that's hard to find closer to the city center.
What separates a luxury purchase in Murray from one in Draper or Park City is the trade-off: less mountain-view drama, more convenience and established neighborhood character. Buyers in this range are typically looking for a rebuilt or renovated home with high-end finishes, a bigger lot with mature landscaping, and proximity to Murray-Wheeler Historic District, Murray Park's nine-hole golf course, or the Fashion Place area without the commute times that come with the east bench cities. Murray School District's smaller size and Murray High's academic reputation also pull in families who'd otherwise default to Cottonwood Heights or Holladay. Browse the active listings below to see what's currently on the market in this price range.
August 2026 · Murray market
Live from the Utah MLS — what's actually happening in Murray right now.
Median sale
$560,000
20 closed in August 2026
Median DOM
17 days
listing → contract
Sale-to-list
98.1%
of final list price
Unsold inventory
174
active + pending
13 matching · page 1 of 1
Active listings
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Common questions
About luxury homes in Murray.
What price range counts as luxury in Murray? ▾
In Murray, the luxury tier generally begins around $900,000 and extends to roughly $2 million. Above $1.5M you're typically looking at fully custom builds, larger half-acre+ lots, or homes with pools, guest casitas, or major recent renovations. Murray rarely sees sales above $2.5M because lot sizes cap out smaller than in Holladay or Sandy.
Which Murray neighborhoods have the most luxury inventory? ▾
The strongest concentration is east of State Street near Murray Park, Wheeler Historic Farm, and the Vine Street area. You'll also find higher-end custom homes tucked into pockets near Murray Parkway Golf Course and along the Jordan River corridor. Most luxury product in Murray is infill or rebuilds rather than new subdivisions.
How does Murray luxury compare to nearby Holladay or Cottonwood Heights? ▾
Murray sits at a lower price point than Holladay or Cottonwood Heights for comparable square footage — often 15-25% less. The trade-off is smaller lots on average and no foothill views. What you gain is a more central valley location, shorter commute to downtown SLC and the airport, and easier access to both sides of the valley via I-215.
Are there new-construction luxury homes available in Murray? ▾
New construction at the luxury level is limited because Murray is essentially built out. Most high-end product comes from tear-down rebuilds on existing lots, particularly in the older eastside neighborhoods. When a true new custom does come to market, it usually sells quickly and at a premium over comparable resales.
What's the property tax situation on a $1.2M home in Murray? ▾
Salt Lake County property tax on a primary residence runs roughly 0.6-0.75% of assessed value after the residential exemption, so a $1.2M Murray home typically lands in the $7,500-$9,000 per year range. Non-primary residences are taxed on 100% of value and run noticeably higher.
How long do luxury Murray listings typically stay on the market? ▾
Days on market vary heavily by season and condition. Move-in-ready custom homes priced correctly often go under contract in 2-4 weeks, while homes needing updates or priced above neighborhood comps can sit 60-90+ days. The luxury tier in Murray is thinner than the mid-market, so individual listings don't always have direct comps.