Park City & Deer Valley

Park City Mountain Lifestyle Newsletter : Article 2

Four Park City Developments being Highlighted

St Regis Deer Valley

For connoisseurs of quality, St Regis Resort and Residences Deer Valley offers unparalleled hospitality. Guests and owners enjoy a five-star restaurant, martini bar, 25,000 square foot spa and butler service while perched high among Utah's renowned Wasatch Range of the Rocky Mountains.

St Regis Deer Valley, a prestigious addition to the Deer Crest, Deer Valley market. The St Regis offers the ultimate in slopeside comfort and sophistication in their 26 residences and 67 hotel-condominiums suites. They are conveniently accessed vai the unique, state-of-the-art funicular adjacent to the Snow Park Lodge or the private, gated Deer Crest entrance.

Currently, there are ten St Regis Deer Valley condos for sale. They range from a gorgeous one bedroom with 984 square feet being offered at $1,370,000 to a luxurious five bedroom with 5,497 square feet being offered at $12,500,000.

The Belles at Empire Pass

Situated amid the alpine splendor of Deer Valley® Resort and Empire Pass, The Belles presents 17 rustic-contemporary residences with maginificent views and superior amenities. Enjoy direct ski access to the slopes of North America's #1 ski resort while living within steps of the exclusive Talisker Tower Club, providing world-class amenities.

The Belles at Empire Pass is one of the newest developments in the Deer Valley area and offers a collection of 14 intimate single-family homes; located adjacent to Deer Valley Resort's® Silver Strike chairlift. These properties also feature convenient access to the Northside lift.

Currently, there are five Belles at Empire Pass single-family residences for sale. They rane from a beautiful six bedroom with 6,295 square feet being offered at $5,195,000 to a stunning five bedroom with 6,910 square feet being offered at $7,995,000. Location, location, location when it comes to this development!

The Colony at White Pine Canyon

Located in Park City, The Colony is known for setting th enew standard for on mountain living and exclusive ski-in/ski-out access to the Canyons, one of the largest ski and snowboard resorts in North America. When the snow melts, a premiere network of hiking and biking trails are revealed. Homesites average more than six acres, offering private retreats unlike any other.

The Colony at White Pine Canyon is an award-wining 4,600 acres, private, gated, ski-in/ski-out community that features large private homes and homesites averaging six acres. Its wining combination of natural beauty, size, privacy and skiing at the Canyons® attracts some of the most discerning buyers.

Currently, there are 17 single-family homes for sale. They range from four bedroom mountain retreat with 4,313 square feet being offered at $3,599,000 to an extraordinary ski home with nine bedrooms and 15,743 square feet being offered at $26,200,000.

Wolf Creek Ranch

Wolf Creek Ranch is a community of 84 luxury ranches located next to the Uinta National Forest 20 minutes from Park City. Homesites start at 160 acres with 360 degree views of Mt Timpanogos, the Heber Valley and both Uinta and Wasatch Mountains. Amenities include an owners lodge, equestrian facility, outdoor riding arena and a 2,800 square foot guest cottage.

Wolf Creek Ranch is located in Woodland, Utah, which offers the largest residential land parcels in the area. Some Wolf Creek lots are 160 acres in size, with a perimeter lenght of two miles. The entire development comprises 14,000 acres of stunning outdoor recreational paradise, and is within easy driving distance of Park City.

Currently, there are two single-family homes for sale. They are a five bedroom with 7,600 square feet being offered at $6,700,000 and and eight bedroom with 14,870 square feet being offered at $9,750,000. There are ten homesites for sale. They are all 160 acres with offer prices of $895,000 to $2,000,000.

If you would like further information on the above mentioned developments or other Park City real estate, please don't hesitate to contact me. Park City has an array of real estate opportunities available from ski-in/out properties, equestrian properties, condos, single family residences and homesites. If you're looking to purchase or sell real estate in the Park City area, visit Park City Real Estate to view all the listings currently available. Michael LaPay, a local Park City Realtor, specializes in assisting Buyer's and Seller's in the Park City, Utah area.

Michael LaPay, Associate Broker
Prudential Utah Real Estate
Mobile: 435-640-5700
Toll Free: 888-410-7653

michael@ppcre.com

Park City Mountain Lifestyle Newsletter : Article 1

Park City Real Estate for Sale

Even though the real estate market can and does fluctuate like the seasons, there is one constant in the industry: The value a savvy real estat agent brings to a homeowner's investment.

Park City happens to claim some of the best agents in the business, with Prudential's team of experts leading the way.

As a Prudential agent, we live, work and play in the same areas we're providing counsel in and that is key. We have a finger on the pulse of a place clients are looking to establish stronger roots in. That breeds comfort and confidence.

"Prudential agents have been voted by their peers President of the Park City Board of Realtors® (PCBR) three consecutive years."

Prudential agents have not only proven they possess an intimate understaind of the area, they have built a reputation for integrity throughout the Park City real estate community. Evidence is in the fact Prudential agents have been voted by their peers President of the Park City Board of Realtor® three consecutive years.

The secret to their success can be found in the way they tackle their daily agent duties. All hold communication with their clients in high regard. It's important to always keep a good dialogue and to constantly ask questions. We want to make sure the client is equipped with as much information as possible.

Staying on top of the market trends is all part of the client-agent dialogue, and conversations with buyers have been good these days. With lower prices, tax incentives and favorable interest rates, now is a great time to buy, and the Park City real estate market is a good real estate market to be in.

Since 2008, transactions are up 25 percent year over year. And according to local experts, that trend is expected to continue in 2012, with a number of Park City real estate deals still to be had.

Prices are holding in many of Park City's neighborhoods as foreclosures and short-sale activity continues to recede. The most popular buy remains the single-family home. In 2011, it accounted for 44 percent of all sales and 55 percent of the total dollar volume.

Over the past few years, sales activity has been centered in neighborhoods such as Silver Springs, Jeremy Ranch and Park Meadows. The average current price for a median home is around $550,000, with median condo prices around $350,000 and median homesite prices as low as $165,000.

The Park City real estate market is fairing well. Our sales volumes are higher than other ski towns in the region. Indeed, in a recent report issued by the Western Mountain Resort Alliance, Park City topped all markets including Vail, Sun Valley and Tahoe in the categories of total volume sold and number of units sold.

In Park City, the first quarter will continue to bring great Park City real estate deals to buyers. That's obviously great for people who love open space and are looking for world-class outdoor and recreational amenities. Park City is perfect for them.

If you would like more information on the Park City real estate market, feel free to give me a call. Park City has an array of real estate opportunities available, from ski-in/out condos to single family residences. If you're looking to purchase or sell real estate in the Park City area, please visit Park City Real Estate to view all the listings currently available. Michael LaPay, a local Park City Realtor, specializes in assisting Buyer's and Seller's in the Park City, Utah area.

Michael LaPay, Associate Broker
Prudential Utah Real Estate
Mobile: 435-640-5700
Toll Free: 888-410-7653

michael@ppcre.com

*Photo Credit: David Ramaley

A Spectacular Park City Home for Sale

Situated to Enjoy All of Park City

One step into this beautifully-appointed home and you get a glimpse of the breathtaking panorma of the Deer Valley and Park City resorts, which hint that you are in the ideal house to enjoy all that this amazing area has to offer. Passing the first bedroom and bath, you can walk down the vast curved staircase or take a ride on the elevator just located off the large mudroom.

Once on the main level, the floor-to-ceiling windows reveal the full-mountain view. A maginificent floot-to-ceiling stone fireplace balances the room between modern elegance and the perfect mountain retreat you've seen beore, only in your mind's eye. The area is welcoming with its vaulted ceilings and snow-free, heated patio that offers even better views of Main Street from its railings. The bright, gourmet kitchen is fully equipped with top-of-the-line appliances, granite counters, a substantial-sized island and plenty of prep-stations. The dining area takes full advantage of the views, and the great room provides the perfect area to sit by the fire or entertain.

Beyond is the luxurious master suite a private haven featuring more large windows that allow in the natural light and give another perspective on the expansive view. The spa-like master bath features an air tub, a large glass-enclosed steam shower, his-and-her vanities and a lavish walk-in closet. This is just one of the seven bedrooms and nine baths that are appointed for relaxation and personal space.

One floor down, again either via the curved staircase of elevator, the home opens into the family room, which includes a full wet bar, a climate-controlled wine cellar, gorgeous built-ins, four additional bedrooms, three baths and access to another outdoor patio area, also heated, and featuring a hot tub to soak away a day of skiing, hiking or biking. This generous-sized living area is perfect for a hangout or game room. Down another quick jaunt of stairs is the seventh well-appointed bedroom suite, and what normally would be the end of a magnificent home.

But instead a door opens to a room that must be seen to be appreciated. A two-story tall pool room housing an approximately 30 x 50 foot indoor pool with spa tub. The sun ports/skylights fill the open space in a natural glow that shows off the sophisticated features a changing room, dry sauna, shower, powder room, sink and cooking range. And yet another door takes you to an additional spacious living area and a grand theater room that seats 16 people to conclude a house that offers everything.

At approximately 11,418 square feet, this home is impressive in every way without being overwhelming. It is accommodating to anything you desire living space, entertainment, recreation, location and breathtaking views; and just one stop sign away from Main Street and its annual Sundance Film Festival and a few minutes drive from you choice of three world-class ski resorts.

This is truly the one home that absolutely does it all!

Offered at $3,975,000.

Park City has an array of real estate opportunities available from condos, single family residences, and homesites, including ski-in/ski-out properties.  If you're looking to purchase or sell real estate in the Park City area visit Park City Real Estate to view all the listing currently available. Michael LaPay, a local Park City Realtor, specializes in assisting Buyer's and Seller's in the Park City, Utah area.

Michael LaPay, Associate Broker
Prudential Utah Real Estate
Mobile: 435-640-5700
Toll Free: 888-410-7653

michael@ppcre.com

Gemstone Hotels & Resorts to Manage Zermatt & Homestead Resorts

As reported in the Park Record, Gemstone Hotels and Resorts manages The Sky Lodge in Park City, UT, along with several other high-end independent properties throughout the country. Recently, the company signed a contract with Zermatt and Homestead resorts in Midway to manage them. Both resorts have a lot to offer owners and guests with a warm-water crater fit for scuba diving, a golf course, large convention center, award-wining restaurants and easy access to Wasatch Mountain State Park and Deer Valley's Jordanelle Express Gondola. Midway's winter experience offers access to every kind of adventure, from snowmobiling, sleigh riding, cross country skiing, tubing and snowshoeing.

They anticipate having success with group business when competing with Colorado. The resorts offer 500 rooms with a meeting space to match. It's comfortable and cozy for groups of 20 and best of all only 45 minutes from the Salt Lake International Airport. From Denver International Airport, 45 minutes only gets you to the edge of Denver. To read more on the article, go to www.ParkRecord.com.

For More Information on Park City and Deer Valley Contact:
Michael LaPay, Associate Broker
Prudential Utah Real Estate
Mobile: 435-640-5700
Toll Free: 888-410-7653

mlapay@pureparkcityrealestate.com

SOLD: Stunning Park City Contemporary Home

Situated on 7.94 Acres of Horse Property

This incredible Park City home sold on September 2nd, 2011; it was only on the market for 54 days!

This completely remodeled custom home has everything.  Situated on 7.94 acres of horse property, this beautiful 5 bedroom, 5.5 bath home was built to take full advantage of the ski resort views. Upon entering the Park City, Utah residence you know you are home -- a place where comfort and luxury meet. The gourmet kitchen is fully equipped with Thermador stainless appliances, plenty of work stations and flows comfortably into the dining and great room areas -- making this a great entertaining home. The main level master suite features a luxurious spa-like master bath with steam shower and soaking tub, that allows you to enjoy the views.  There is even a semi-private area for an office, yoga space or whatever your heart desires. Four additional bedrooms offer family and friends a place to relax and call there own. This incredible residence is definitely something not to be missed!

Only minutes to Kimball Junction, Park City, for shopping, dining, and entertainment. An easy drive to the three world-class ski resorts Park City has to offer and to Salt Lake city.

Congratulations to the new owners! If you missed out on this beautifully constructed Park City property and would like to make a home like this yours, don't hesitate to contact us.  We'll help you find your Park City mountain dream home.

For More Information on Park City and Deer Valley Contact:
Michael LaPay, Associate Broker
Prudential Utah Real Estate
Mobile: 435-640-5700
Toll Free: 888-410-7653

mlapay@pureparkcityrealestate.com