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In Park City, we are starting to see the end of Summer :( Every year, we get more and more visitors, and the popularity of our town continues to grow. One aspect I appreciate about our growth is the constant desire to acquire more land for conservation easements. Recently, the city has indicated interest in putting out a $25 Million bond to buy an area called Bonanza Flats. If you have ever ridden the McConkey's Chair at Park City, you have seen this beautiful piece of property. Originally owned by United Park City Mines, it was part of the Talisker acquisition years ago. Now bank owned, the 1400 acres parcel is just downhill from Guardsman Pass. Less developable land helps preserve the surrounding natural beauty, as well as the value of the existing

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You may or may not have heard, but Vail Resorts attempted to trademark the name "Park City" as they have renamed the newly combined Park City Mountain Resort and Canyons to "Park City". This was very disturbing to a lot of local residents, especially business owners that have "Park City" as part of their business name. 

To quote Dana Williams, former mayor and leader of the opposition group, "We welcomed Vail with open arms, but this trademark application, it just goes to far" I understand the mentality of a publicly traded company doing whatever they can to protect themselves, and I feel it was a step over the line as well. Vail has and will bring a lot of good things to Park City, and they will also make some changes that locals will not be happy

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Its been a while since I have blogged, and I wanted to bring you up to speed on whats happening. The real estate market is still very solid, with listings that are properly priced selling quickly. There will always be that "pond" of listings that are not priced correctly, or just have some "unique" features to them that make them difficult to sell.  Coming off another record ski year, Park City continues to gain in popularity. That being said, I have some properties I am bringing to market that I would like to introduce you to. 

The first is a virtually new Promontory Cabin overlooking the 9th hole of the Dye Course. This Trapper Cabin is on a quiet cul-de-sac and is loaded with upgrades. Virtually new, and offered fully furnished. We have already had

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Listed for $520,000, here is a 2 Bed, 3 Bath Condo at the Canyons Base that is an easy walk to the Cabriolet lift. As the Canyons Base continues to evolve, new construction properties are all going to be well North of 7 figures. At $401 a square foot, this property has as good, if not better ski access than properties listed at North of $750 a square foot. So you are investing almost half that amount for an outstanding location! This condo comes with its own garage for a car and/or toys.  A little updating when you are ready will only insure your upside potential. Hidden Creek has its own Pool and Club House with hot tub.

Call me today for more info at 435.901.4309

 

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I am pleased to provide you with a very comprehensive Park City market report put together by our wonderful staff at Summit Sotheby's International Realty. Please take a look and contact me if you have any questions. If anyone else you know  would benefit from this information, I would appreciate their contact information. Use your "arrow" key to advance pages.

Thank you again for your interest, 

Scott Maizlish

435.901.4309

We invite you to review Summit Sotheby’s International Realty’s residential market update for the Greater Park City area for the 1st Quarter 2016, comparing current year with previous years.   This update also provides market data for Summit County, Wasatch County, 84060, 80498 and individual
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Right in the middle of the action sits the Caledonian,a unique upscale boutique property in the heart of Main Street.

If you are not exactly familiar with where it is, the Town Lift, Butcher's Chop House, Hi-West Distillery, and Flying Sumo are right below you. These rarely come on the market, and at $1430 a square foot, there is a comparable sale across the street that is, in my mind, an inferior location. Sky Strada had a penthouse close last year at the same price per square foot, but there is no parking included, and the rest of the building has not sold. Caledonian has two underground spaces included. Enjoy watching the parades and lower Main Street concerts from your 700 square foot deck with hot tub, and know that all of the top amenities of

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I have a two bedroom in the Lodges at Lower Deer Valley that has been difficult to show because it is ALWAYS RENTED!

If you are looking for a rock solid 2 bedroom condo that rents well, this is worth considering. Managed by Deer Valley Resort, this a turn key opportunity where all the heavy lifting is done for you by the best operator in the business.  

My seller needs a larger place, so they are offering this property for $695,000. It is the only Lodges currently on the market, and the rentals are very strong this year. In February alone, gross rentals were $15,036.00 compared to $7,673.00 in 2015. March should be very close to February, and since we just got a foot of snow last night, we are projecting bookings to be strong through the rest of ski

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The Silver Star Condo I blogged about on March 8th is already sold. I have three other opportunities to bring you, all in the $500's or Less.  

The first opportunity is my new listing in Prospector, listed for $520K 

Click on the Photo For Details

The other two condos are in a fantastic location just steps to the main base at Park City. A two bedroom came on the market and one of my buyers put it under contract quickly. In the same development, there is a 2 bedroom that is hitting the market next week at $465K, and a 3 bedroom that could be bought for around $535K. There is a common hot tub, private pool, and very strong rentals. Please contact me for info. 

The quality properties are selling fast, so if you are interested in purchasing

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UPDATE!!! Here is the Live Listing! Click Here

 

As a valued blog subscriber, I would like to make you aware of properties I am listing before they hit the market!

Recently I listed a 1425 square foot 3 bedroom, 3 bathroom condo in Prospector.  Built in 2007, enjoy this fantastic location close to the resorts and directly on the bus route. HOA fees are super low, as there are only 3 units total in the building. The condo offers single level living with air conditioning, radiant heat, granite countertops, outdoor decks, and many other features. This condo currently has long term renters who would love to stay, but nightly rentals are allowed.

I am shooting photos this Wednesday, so if you would like to be be on my short-list to contact, please

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