The Homestead Caldera known locally as "The Crater" is a natural geothermal hot spring surrounded by a rock dome. It is located in Midway, Utah. The Homestead Caldera is estimated to be around 10,000 years old and is one of many geothermal hot pots in the Midway, Utah region. These geological features have attracted miners and workers passing throu…The Homestead Caldera known locally as "The Crater" is a natural geothermal hot spring surrounded by a rock dome. It is located in Midway, Utah. The Homestead Caldera is estimated to be around 10,000 years old and is one of many geothermal hot pots in the Midway, Utah region. These geological features have attracted miners and workers passing through the area as a place of respite. What was once a refuge from a life of hard work in the 20th century has now become an attraction for snorkelers and scuba divers due to the perpetually warm water.