Park City Real Estate Trends

A Deer Valley Real Estate Tour on Skis

By Todd Anderson
Jan 28, 2014

 

Resort real estate in Park City is a very large portion of the market. Many of the homes and condominiums in and around Park City are second homes with out of state or international owners. Homes located very near to or on the ski slopes are a very special commodity. I compare these properties to homes on the beach…there are only so many that are directly on the beach (a block away is not the same as on the water or boardwalk). A tour of the slope-side homes and condominiums in Park City can take hours and cover many miles as well as many different price points.

 

Deer Valley offers the most ski-in/ski-out opportunities in the Park City area; at the time of this writing there were nearly two hundred properties for sale within 100 yards or so of the ski slopes with prices starting at $90,000 for shared ownership and $600,000 for whole up to over $20,000,000 for the ultimate in ski-in/ski-out luxury estates.

 

To see these Deer Valley homes and condominiums on skis, we’ll start from the Snow Park base area of Deer Valley Resort and focus first on homes and condominiums in and around the Bald Eagle Mountain area of Deer Valley. At the base area there are three options within the 100 yard range of the slopes (four if you include the St. Regis Hotel, but that will be part of another tour); Powder Run just north of the main entrance to the resort, Black Diamond Lodge next to the Wide West (beginner area) and Trails End just off the Success ski run. All three of these condominium options are walking distance to Snow Park while Trials End has ski-in access and Black Diamond is ski-in/ski-out.

Deer Valley homes on skis

 

Take the Carpenter lift from Snow Park at Deer Valley and exit the lift with a hard left turn to the Success Ski Run. At the base of the first pitch of Success, the Stag Lodge is on your left. Continuing straight puts you on the Last Chance Ski run there are currently 4 homes here in the Evergreen subdivision for sale with direct access to the Last Chance Ski run plus the new construction of the Stein Eriksen Residences which will offer 16 homes and 38 luxury residential condominiums. Bearing left to the Silver Dollar Ski run you’ll pass the elevator and ski access for the Belle subdivisions (Bellarbor, Bellemont, Belleterre, and Bellevue) the ski run has many of the Belle’s on your left. Continue on the run which loops back to Last Chance and merges with Success back to the Snow Park base area.

 

Another trip up the Carpenter chair and this time continue straight after exiting the chair. Half way down the Silver Link run is an access trail before going over the bridge. This trail will access Double Eagle, and Cache subdivisions; across the street is trail access to ski down between Aspen Hollow, Ridgepoint, Trailside and the Woods. This ski access trail eventually merges with Last Chance and once again down into Snow Park. The access trail makes these condominiums more ski-out than ski-in, but still you are skiing without having to get in a car or shuttle.

 

One more time up the Carpenter lift from Snow Park and skiing on the Silver Link run; this time go over the bridge. A hard right will put you into the Sterling Lodge, Deer Valley Club, and Sterlingwood subdivisions. Continuing down Silver Link, take a left turn onto McHenry and ski down to the Crown Point chair lift. The top of the chair provides access to most of the homes in the Bald Eagle Club Subdivision. From the chair it is a left to the Sunrise Run, or a right down Kimberly to Rising Star and Roamer with options leading to the Deer Crest area via Navigator or Little Stick (that leads to tour #2); stay on Kimberly to Big Stick and ski back into Snow Park.

 

The routes described above will lead you through the ski-in/ski-out homes with direct access to and from the “lower Mountain” portion of Deer Valley and the Snow Park Base area.

 

Of course one of us at the YouInParkCity.com team would be happy to take you on any of these tours…

 

For more information on ski-in/ski-out Deer Valley and Park City homes and condominiums contact www.YouInParkCity.com (888)968-4672.

 

Ski Resort Country Club Park City, Utah

By Todd Anderson
Nov 30, 2012

Why do people buy country club memberships and why isn’t there a ski oriented membership Park City real estate option?

 

People buy country club memberships for many reasons but probably the primary motivation is the quality of the golf experience and the easy access to the course. People are also drawn to the social element of a country club and the many (non-golf) functions the clubs host which allow members to interact in a relaxing setting with their family, friends and peers. Park City Utah Fractional Ownership - like a ski country club

 

In Park City there actually are several ski oriented country club experiences which come in the form of interval or fractional real estate offerings. In my mind purchasing one these luxury ski condos offerings is very similar to buying an equity country club membership. • You purchase your membership or condo and pay annual dues. • When you want to do something different you sell your membership. Most golf clubs make you sell the membership through the club. They set the price and keep a portion of the proceeds. With a fractional or interval ski condo sale you generally sell it at market price and no proceeds are returned to the club. • You pay dues to maintain the facilities, pay for staffing and market and communicate with members and the public who are the clubs future members. • Just like country clubs there is no usually no financing available for a fractional or interval condo purchase. It is a luxury real estate purchase and an investment in lifestyle. • Golf is included in country club dues. With the purchase of a Park City fractional or interval condo you get access to lodging. The number of weeks available and the reservation policies vary from property to property. When buying a fractional mountain resort condo what questions should you ask? • Is the condo ski in ski out and what are the other winter activities will be provided? • What summer activities are organized for you? • Is airport transportation and in town shuttle service provided. You are looking for a hassle free experience aren’t you? • What other amenities are within walking distance to the condo, i.e. restaurants, shopping, ski and bike rentals, etc.? • What are the other owners like? • What level of service are you expecting? What is the staff like? Are they knowledgeable about the property and the community? Are they friendly? • What do you own and how is ownership conveyed? • Are property taxes paid as part of your dues? • If you aren’t going to use one of your weeks what can you do with the condo?

 

What interval or fractional condos offerings are there in Park City? In Deer Valley: • Deer Valley Club, a Private Residence Club. • Red Stag Lodge • Residences at the Chateaux In Old Town • Sky Lodge At Canyons Resort • Grand Summit Hotel

 

For expert information on these fractional or interval ownership condominiums or any Park City Real Estate information contact the realty professionals with the YouInParkCity.com Group at (888)968-4672.

 
 
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