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July 2012

Found 10 blog entries for July 2012.

Park City investors have hundreds of beautiful mountain estates to choose from when selecting the ultimate mountain getaway. However, few will rival Chateaux Park City in the exclusive Glenwild golf community.

Re-entering the Park City real estate market at $3,495,000 – this magnificent estate is offered for over $2 million less than its replacement cost of $5,759,000.

Perched on a mountain top overlooking Park City’s three world-class ski resorts – Chateaux Park City provides Old World Charm while offering the finest of modern finishes and decor. This 7,356 square foot private estate and its charming guest house are set on a lush 10-acre hillside overlooking the beautiful Glenwild Golf Club and Spa.

As you enter the property, ancient iron

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If the ultimate ski-in/ski-out luxury is a must, I’ve got an incredible real estate prospect in The Colony!

This 6 bed, 11 bath property is nestled on 5.05 acres, is located just steps from the ski slopes and yet offers convenient, flat access to White Pine Canyon Road.

Originally listed on the market for $6,100,000, the owners of 97 White Pine Canyon Road have dropped the price of this magnificent estate over a million dollars to its current listing of $4,999,995.

This property masterfully blends 11,216 square feet of intricately designed space in a comfortable yet exquisite fashion.

This home offers a combination of stately open public spaces ideal for social gatherings with cozy living areas crafted to provide the essence of mountain

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The 2012 Second Quarter statistics are in and at the halfway point of the year, Park City’s real estate market has posted numbers last seen in 2007.

We saw 486 sales this year in Q2 with a median price of $427,450 and a total sales volume of $347,392,785. Compare that to 451 sales in the second quarter of 2011 which resulted in a median price of $412,500 and $320,740,133 in total sales last year.

It’s not just the overall sales volume, median price and total sales that have posted stronger numbers. The inventory of active listings in Park City has been on the decline for a couple of years now.

In 2010, we saw 3060 units on the market. That number dropped to 2,700 last year and even lower to 2,500 units in the 2012 Second Quarter.

Park City

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Many homes on the Park City real estate market are turn-key and move-in ready. However, some of the most incredible deals available need just a little TLC and renovation.

Have no fear! Gone are the days of scrolling through the pages of Better Homes and Garden to inspire remodel ideas. Several cool websites have popped up in the past year. A few of the best are:

1. HOUZZ – One of the most popular home remodel and design platforms to hit the web, Houzz has connected millions of homeowners, buyers, renovators and designers nationally and globally.

The true benefit of this site over the competition is its versatility. If you’re looking to upgrade a living room or kitchen, you can search ideas by space. On the other hand, if it’s just the fireplace

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Imagine a day when the ski slopes of both Deer Valley and Park City Mountain are connected to the bustling hub of Historic Main Street.

Well that day might be closer than you think.

Deer Valley Resort and Park City officials announced this week that while the resort is not yet formally proposing a gondola connection to Main Street, preliminary discussions are well underway. How significant would this be for Old Town and Deer Valley real estate owners?

No other ski resort destination in the United States or North America boasts such a connection.

The gondola would afford Deer Valley residents and guests alike an unparalleled ski experience as well as world-class dining, shopping and entertainment all without the need to hop in a car. The same

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As one of Park City’s most exclusive, private golf communities, Promontory has added an incredible new amenity to its world class facilities.

Promontory real estate owners will definitely enjoy “The Shed” Clubhouse. This 16,000 square foot architectural masterpiece blends into the landscape with rugged, earth-toned materials and a color palette that provides it the look of a historic mining shed.

However, step into this gorgeous building and residents will find a incredible blend of comfort, excitement, athletic facilities and casual culinary delights.

The Shed amenities include:

• Casual Lounge surrounding Massive Gas Fireplace
• Family Dining Restaurant with a Soda Fountain
• Arts and Crafts Studio which can be converted into additional

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If a secluded mountain estate with one of the most breathtaking views of the Wasatch Mountain Range and intricate, customized finishes matches the description of your perfect alpine retreat, you’ll want to take a second look at 2700 Bear Hollow Drive.

The owners of this gorgeous home have really gotten motivated to sell, and just this week they’ve dropped the price from $2,295,000 down to $1,995,000!

This contemporary-style mountain villa sits at the end of a cul-de-sac with quick access to the nearby Waldorf Astoria and Canyons Resort.

The 6,038 square-foot residence offers five bedrooms, six bathrooms, a chef’s kitchen with top-of-the-line appliances, an in-house gym and customized ski-prep room.

Truly the entertainer’s dream, this Bear

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Check-out this 6,234-square foot freestanding Lookout at Deer Valley Condo! The property is currently under construction with a completion date of mid-2013 – this means you get to hand pick the finishes that will make this your dream home!

In order to maintain ultimate privacy, luxury and unspoiled natural beauty, this new community in Upper Deer Valley offers just 35 properties nestled amongst 44 acres.

This exclusive property offers 5 bedrooms and 6 bathrooms for an incredible price of $2,750,000. Any new construction in Deer Valley for $441 a square foot is a steal!

Lookout homes offer enhanced room size for entertaining and comfort. In addition to a beautiful main-level master bedroom, formal living room and family room – this property

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As the #1 Ranked Resort in North America by the readers of Ski Magazine for five consecutive years, Deer Valley consistently puts significant money back into its winter operations.

After spending $7 million on renovations in 2011, Deer Valley’s Deer Crest property owners will benefit directly from an $8 million renovation in 2012.

The $8 million the resort anticipates to spend for the 2012/13 season and the $7 million spent in 2011 are a part of nearly $145 million invested in expansions and upgrades since 1990.

A bulk of the 2012 renovation money is going to go towards the replacement of the Deer Crest fixed-grip quad from St. Regis to the peak of Deer Valley’s Little Baldy Mountain. The lift will be replaced with the Mountaineer Express, a new

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With the July 4th Holiday approaching on Wednesday, one of the most popular Park City culinary events of the year is right around the corner! ThePark City Food & Wine Classic allows us an opportunity to enjoy savory foods and over 500 wine, beer and spirit samples for four days.

Although the Kick-Off Celebration held at the St. Regis in Deer Valley has sold out, it’s not too late to purchase tickets for Friday’s Grand Tasting Stroll of Park City or Saturday's Toast of Park City Grand Tasting at Canyons Resort.

The Stroll of Park City allows you to wander Main Street from 4:00-7:00 p.m. on Friday, July 6 and experience Old Town’s local art galleries, restaurants and historic outdoor sites. At each stop on the Stroll, you’ll be invited to sample a

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