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luxury: Park City Luxury Ski-in/Ski-out Hotel - 12/12/11 09:24 PM
Park City Mountain Resort to Improve Base Area Resort Officials of Park City Mountain Resort announced to the Park City Council and Planning Committee that they are beginning to explore new development around the resort base area. In recent years the resort has positioned itself as a ski resort operator and not a developer. They now point to new base area development as a way to ensure that they are adequately taking care of their customers as well as increasing capacity for new resort guests. There have been many rumors in the past about possible resort hotels going in (0 comments)
luxury: Luxury Mountain Estate Auction - Park City, UT - 02/20/11 02:59 PM
A luxury 160 acre estate complete with home, guest house and barn with stable and riding arena will be sold at auction to the highest bidder Tuesday February 22. The estate is currently listed for sale on the Park City MLS for $17,500,000. The auction has no minimum bid and the seller has agreed to accept any offers above $8 Million (there is a 10% buyer's premium to be added to the sales price). Should no offer above $8M be tendered, offers below this price may be negotiated. The "Wow factor" of this home begins almost as soon as (1 comments)
luxury: The Changing Real Estate Buyer - 12/16/10 11:28 AM
No one disputes that the real estate market has changed in the past few years and Park City, Utah is no exception. In the early months of the National housing and credit collapse many agents in Park City felt that our area was insulated and we would not be affected by the changes. Fast forward a couple of years and now we can see that our market changes in Park City mirror the national averages. Prices have retreated to the 2005-2006 levels in most areas and the change has occurred in residential entry level condominiums right through multi-million dollar luxury (3 comments)
luxury: Barron's Names Park City, UT a top Ten Place to Own a Second Home - 03/10/10 05:55 PM
The Cover Story on the March 8, 2010 edition of Barron's magazine states that luxury home prices are starting to rise as bargain hunters swoop in. The article then goes on to rank the top ten best markets for upscale luxury second homes. Maui Kiawah Island, SC The Hamptons Park City, UT The article goes on to state many of the things that make Park City, UT a special place; and they note that is isn't just about the great skiing. It is the summers of golfing, mountain biking, fly fishing, boating, hiking, great restaurants, shopping and the (0 comments)
luxury: Lookout at Deer Valley Announces Auction Sale in Park City, UT - 02/22/10 07:19 AM
The Lookout at Deer Valley has announced plans to hold an auction March 27th, 2010 to sell seven of its luxury resort homes in Park City, Utah. The Lookout at Deer Valley is an enclave of 35 homes located on a hillside above Park City, Utah. Lookout offers 4 and 5 bedroom stand alone and attached luxury townhomes ranging from 4300 to over 6300 square feet. Homes at Lookout are well appointed and feel like primary residences. The Lookout at Deer Valley homes share a shuttle service which makes accessing the ski slopes effortless from this Upper Deer Valley (0 comments)
luxury: Park City Real Estate's $55 million listing - 01/31/10 09:09 PM
The Park City real estate market currently has more than 200 homes with list prices over $200 Million. Ultra high-end luxury properties are more the norm than the exception. Ski-in ski-out homes at The Colony at The Canyons Resort, Deer Crest, Upper Deer Valley; as well as golf course homes in Glenwild, Tuhaye and Promontory often see price tags of $5 Million and above (there are 60 such homes on today on the Park City MLS). There is a listing among these that definitely stands out; the home at 5000 Royal St. in the Upper Deer Valley section of Park (0 comments)
luxury: Park City Real Estate Value - 07/30/09 10:24 AM
Pricing trends in the Park City and Deer Valley real estate market are very interesting right now. As the national economy tries to find its bottom, Park City, Utah real estate is doing the same while making an effort to prop up its values. There has been an uptick in the sales activity recently and there is a feel within the real estate community that Buyers are coming back to the marketplace. Recent sales activity confirms the feeling. While the second quarter of 2009 shows 121 sales of land, homes and condominiums in the greater Park City area, there (0 comments)
St Regis, Dakota Mtn Lodge, Treasure Hill, Summit Research Park and more As the funicular cars fro access to the new St Regis Hotel at Deer Crest in Deer Valley were set to be installed (Friday July 17,2009), local radio station KPCW was airing a story about a Deer Crest residence owner suing the project and its developers. The radio report indicates that the owner of a home and lot in the lower portion of Deer Crest near the base of the Jordanelle Gondola at Deer Valley Resort has brought a lawsuit against the developers of the St (0 comments)
luxury: Developer Buys Park City Luxury Golf Development at Auction - 04/28/09 08:08 AM
In the spring of 2008 creditors forced the Promontory luxury golf subdivision in Park City, UT into bankruptcy. The developer, Arizona based Pivotal defaulted on loans amounting to over $270M. On April 15, 2009 a group named Pivotal 7000 headed by the CEO of Pivotal, Francis Najafi, purchased the development for a price far less than the debt on which Pivotal defaulted. The $70M bid by Najafi which was approved by the U.S. Bankruptcy Court effectively wiped out $275M in loans that had been packaged by Credit Suisse. During the bankruptcy, Promontory maintained its operations which consist of (0 comments)
luxury: Promontory Bankruptcy Auction Date Set - 03/23/09 05:18 PM
Efforts to work through the Chapter 11 bankruptcy moved forward last week as it was announced that the Promontory Development will be auctioned off on the 15th of April, 2009. Credit Suisse has opted to send the property and operations to auction rather than provide the $70 Million in exit financing mandated by the bankruptcy court. It is expected that Promontory will emerge from bankruptcy in April and the winner of the auction will be bound to observe key provisions of the Court-approved reorganization plan and sale procedures. The provisions include the new owner's obligation to honor Promontory's County-approved (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.