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Investment Properties for Sale in Peoa, Utah
Peoa is a small ranching community in the Weber River valley between Oakley and Wanship, about 15 minutes from Park City's Kimball Junction and 45 minutes from the Salt Lake airport. Investment opportunities here look different than what you'd find closer to Park City proper — most parcels are larger (5 to 40+ acres is common), zoning leans agricultural under Summit County's rural designations, and the existing housing stock is a mix of older farmhouses, newer custom builds on acreage, and the occasional cabin or outbuilding with conversion potential. Investors typically come to Peoa for one of three plays: land banking on acreage that's appreciating as Park City spills east, building or holding a single-family rental that draws Park City commuters priced out of town, or running a horse property or hobby-farm rental that capitalizes on the Weber River frontage and views of the Uintas.
Short-term rental rules are stricter here than in Park City — Summit County's nightly rental ordinances limit STRs in most residential and agricultural zones outside designated overlay areas, so verify the specific parcel's zoning and any HOA or deed restrictions before underwriting an Airbnb pro forma. Long-term rental demand is steady, driven by Park City service workers, Deer Valley and Mayflower construction crews, and remote workers wanting acreage without Old Town prices. Water rights, septic capacity, and Weber Basin irrigation shares also materially affect value on rural parcels. Browse the active listings below to see what's currently on the market in Peoa.
May 2026 · Peoa market
Live from the Utah MLS — what's actually happening in Peoa right now.
Median sale
$672,500
2 closed in May 2026
Median DOM
117 days
listing → contract
Sale-to-list
96.3%
of final list price
Unsold inventory
3
active + pending
1 matching · page 1 of 1
Active listings
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Common questions
About investment properties in Peoa.
Can I run a short-term rental on an investment property in Peoa? ▾
Generally no, unless the parcel sits in a Summit County overlay zone that permits nightly rentals. Most of Peoa is zoned agricultural or rural residential where STRs under 30 days are restricted. Always confirm the specific zoning and any CC&Rs with Summit County Community Development before closing if STR income is part of your plan.
What kind of long-term rental rates do Peoa properties command? ▾
Single-family homes on acreage in Peoa typically rent in the $3,000–$5,500/month range depending on size, condition, and whether outbuildings or pasture are included. Horse-friendly properties with barns and fencing pull premiums because comparable setups inside Park City limits are scarce and far more expensive.
Why are water rights such a big deal on Peoa investment parcels? ▾
Many Peoa properties carry Weber Basin or Weber River irrigation shares that are essential for keeping pasture green and maintaining ag valuation for property taxes. Without water rights, a 10-acre parcel may not be usable for horses or hay, which directly hits both rental appeal and resale value. Ask for a water rights summary early in due diligence.
How does Peoa compare to Oakley or Kamas for investors? ▾
Peoa is smaller and more rural than Oakley or Kamas, with fewer services but typically lower per-acre pricing and stronger view corridors toward the Uintas. Oakley has more established subdivisions and easier short-term rental paths in some pockets, while Kamas offers more commercial proximity. Peoa appeals to investors prioritizing land appreciation and privacy over walkable amenities.
What's the typical price range for investment properties in Peoa right now? ▾
Entry-level homes on smaller lots start around $900K, while homes on 5–20 acres generally run $1.5M–$3.5M, and large ranch parcels with water rights can exceed $5M. Raw land deals do come up but are increasingly rare as Park City buyers expand their search radius east.
Are there tax advantages to keeping a Peoa property in agricultural use? ▾
Yes. Utah's Greenbelt (FAA) program assesses qualifying agricultural land based on productive value rather than market value, which can dramatically reduce annual property taxes on acreage actively used for grazing or hay production. Investors holding land long-term often keep the ag designation in place to lower carrying costs while values appreciate.