Promontory Homes for Sale in Park City, Utah

Find Your Dream Home in Promontory - Contact Our Experienced Realtors Today

The Promontory community in Park City, Utah, is a world-renowned luxury development offering homeowners a luxury lifestyle.  With stunning mountain views, two championship golf courses, and world-class amenities, it's no wonder that Promontory is one of the most sought-after neighborhoods in Park City.

Our website, RealEstateInParkCity.com, offers sales statistics, a wide selection of Promontory homes and lots for sale, plus professional advice and guidance from our experienced realtors.  So whether you're looking for a vacation home, investment property, or your dream home, we can help you find the perfect property to suit your needs.

 

Promontory real estate boasts mountain elegance and a luxury lifestyle with incredible amenitiesThe Promontory Club is one of the Park City area's most fluid luxury real estate markets.  The development has spectacular views of the Park City ski resorts to the southwest or the Uinta Mountains to the east.

The Club offers three types of memberships:  social membership, golf membership (full membership), and equestrian membership.

Club memberships are not required when owning real estate in this fabulous Park City community.  However, you will need to purchase golf or social membership options to use most amenities and on-site dining options.  Additionally, social membership does not guarantee access to the Nicholas Club Restaurant during the busy season.

In recent years, we have seen the full membership contribute to the value of a property in Promontory.

Promontory takes pride in making the development's membership multi-generational by including trails, dog parks, wine, food, an equestrian center, "The Shed," an outdoor basketball court, a tubing hill, a fishing pond, shuttles to the ski resort, and much more.

The gates of Promontory are located eight miles from Old Town Park City.  When you enter the luxury real estate development, it feels large and extraordinarily grand.  However, as you find your way around the golf courses and other amenities, you'll notice that the area starts to feel smaller, warmer to the heart, well-planned, and even offers more charm.

Promontory offers the extensive views everyone is looking for in Park City, the best on-site amenities, and the elbow room you've always wanted in a modern mountain luxury home while still close enough to Park City.  It's like living in the country but having the convenience of being in a city.

Promontory Club Amenities List

The golf course community of Promontory does a great job and offers plenty of options, from golf to skiing and a mountain beach.  So come enjoy living life on Vacation in Park City, Utah.  Below is a list of Promontory Amenities.

The Beach at Promontory· Dye Canyon Golf Course
· Nicklaus Painted Valley Golf Course
· The Village Clubhouse and Village Spa
· Alpine Lodge at Deer Valley Resort
· The Shed
· Kids' Club for ages 4-12
· Beach Club
· Outfitters Cabin
· Equestrian Center
· Mountain Garden Park and Boat House
· Golf House
· The Hub
· Park City Mountain Resort Lodge
· Double Deer - Ballroom, Spa, and Golf Lounge

In a Promontory Town Hall July 2022 meeting, it was noted that Promontory is currently working on an on-site flyfishing experience.  In addition, the developer is committed to building an outdoor adventure facility.  While this project is still unknown, almost everything else has been laid out.  The developer also mentioned that the real estate development does not carry any debt on the project.

Promontory Real Estate Insights:

Promontory, recognized as one of Park City, Utah's premier golf community jewels, sprawls across a magnificent 7,200 acres.  This expanse offers residents and visitors a harmonious blend of luxury living and nature, with 60% of its vast area preserved as open spaces.  This commitment to maintaining natural beauty ensures that Promontory remains a sanctuary for those seeking tranquility and outdoor adventure.

The residential landscape in Promontory is characterized by a vibrant community where approximately 30% of homeowners embrace the area as their full-time residence.  The remaining majority cherish their properties as vacation retreats, highlighting the community's appeal as a versatile haven for both permanent living and holiday escapes.

At the heart of Promontory's exclusive lifestyle is The Promontory Club, which boasts 1,001 members, including an impressive 78.5% holding full memberships and 21.5% enjoying social memberships.  This exclusive membership underscores the community's dedication to providing a luxurious lifestyle with enriched amenities and a sense of belonging.

With 39 distinct neighborhoods, Promontory offers a rich tapestry of architectural styles and community vibes, ensuring a perfect match for every preference.  Of the 1,924 home sites planned within this prestigious enclave, 592 await development, offering new opportunities for those dreaming of building their custom haven.

As of November 2023, the community has seen significant activity, with 1,260 home sites sold, indicating a strong demand for this lifestyle.  Additionally, the construction landscape is bustling, with 188 homes currently being built and 28 in the design review phase, showcasing the continuous growth and investment in the area.

The thriving real estate market in Promontory is evidenced by an impressive $350,000,000 in real estate transactions recorded year-to-date.  This vibrant activity reflects the community's standing as a sought-after location for those desiring luxury, beauty, and a rich array of amenities.

For individuals and families looking to immerse themselves in the splendor of Promontory, with its stunning vistas and world-class facilities, now is an opportune time to explore the possibilities in this exceptional community.  To discover the latest listings and opportunities in Promontory, we invite you to get in touch with us today and take the first step towards securing your piece of paradise in Park City, Utah.

Below, We Review Promontory Real Estate Facts.

· Size of Promontory: 7,200 Acres
· 30% of Owners are Full Time
· 917 Promontory Club Members - 78% Full Members and 22% Social Members
· Open Space: 60%
· Total Homes Sites: 1,920
· Sold Home Sites: 1,260 (as of July 2022)
· 660 Homesites Remaining
· 202 Homes Under Construction
· 34 Homes in Design Review
· 36+ Unique Neighborhoods

Reasons to Consider Purchasing a Home in Promontory

Promontory initially envisioned as a secondary residence community in Park City, Utah, has evolved into a coveted locale for primary homeowners thanks to its exceptional lifestyle offerings.  The allure of Promontory extends far beyond its convenience and breathtaking views; it encompasses a wealth of amenities tailored to every age and interest, making it a perfect setting for those who enjoy having fun.  Here are compelling reasons why buying a home in Promontory represents a wise and fulfilling investment:

Diverse Real Estate Options

Promontory homeowners appreciate the community's versatility, offering a seamless blend of luxury and natural beauty.  The area is renowned for its panoramic views encompassing golf courses and ski slopes, alongside an exceptional quality of life that caters to relaxation and adventure seekers.

Multi-Generational Amenities

The community is designed to accommodate multi-generational families, with amenities catering to every member.  There's something for everyone, from golfing on the Dye Canyon Golf Course or Nicklaus Painted Valley Golf Course to skiing, from the Ranch Clubhouse and Fitness Spa to the Alpine Lodge at Deer Valley.

Recreational Activities Beyond the Gates

For those looking to explore beyond the community, the nearby Jordanelle Reservoir offers recreational boating and fishing.  This proximity to water-based activities adds a dimension of summer fun easily accessible from Promontory.

Investment Opportunities with Short-Term Rentals

A unique aspect of Promontory is its allowance for short-term rentals in specific areas, such as Cabins or Villas.  This flexibility lets homeowners offset some ownership costs by engaging in nightly rentals through the Promontory Management program, making it an attractive investment.

Comprehensive Amenities Within Reach

Promontory's amenities feature over 140,000 square feet of finished clubhouse space, including:

  • The Shed Clubhouse and Kid's Cabin for family activities,
  • The Beach for waterfront leisure,
  • An Equestrian Center for Horse Enthusiasts,
  • Mountain Garden Park & Boat House for nature lovers,
  • The Hub for social gatherings,
  • PC Lodge at Park City Mountain Resort for ski enthusiasts.

Adventure and Convenience at Your Doorstep

The Outfitter's Cabin provides easy access to outdoor activities such as fly fishing, kayaking, mountain biking, and water skiing.  Moreover, the Promontory Club's shuttle service offers convenient ski access to the renowned Park City Mountain Resort and Deer Valley Resort, ensuring that adventure is always within reach.

In essence, choosing to buy a home in Promontory is not just an investment in real estate; it's an investment in a lifestyle that promises luxury, convenience, and a suite of amenities designed to cater to every conceivable interest and need.  Whether seeking a primary residence or a vacation home, Promontory offers a luxury living experience in Park City, Utah.

Insights on Building Your Dream Home in Promontory, Park City

Promontory stands as Park City's top choice for new home construction, offering between forty to sixty homes under development at any time.  With over 1,000 of the 1,674 home sites sold, it presents a unique opportunity to own land with unmatched views in one of Park City's few areas still available for development.

Choose Your Builder and Architect

You can select any builder or architect for your project in Promontory.  However, opting for a local architect familiar with the community's design guidelines is advisable to ensure your home integrates seamlessly with the aesthetic and structural ethos of the area.

Access Design Guidelines and Regulations

Promontory provides detailed design guidelines, CC&Rs, and construction regulations to help you align your home with the community's high standards.  These resources are available upon request and are essential for a well-informed building process.

Recommended Builders and Architects

If you're seeking professionals knowledgeable about building in Promontory, I can suggest reputable builders and architects.  Their familiarity with the area's regulations and landscape can significantly benefit your project.  View our Park City Builder Services Program.

Are you thinking about building a home in the Promontory neighborhood of Park City, Utah?  Read "What Size of Home Can I Build in Promontory?"

What to Know When Buying Promontory Property

When considering the purchase of property in Promontory, it's wise to be aware of specific financial and regulatory aspects that could influence your buying decision:

Transfer Fee

A notable detail is the 1% transfer fee applied to both homes and land transactions in Promontory.  This fee is typically the buyer's responsibility, although it can sometimes be negotiated to be split between the buyer and seller.  Understanding this fee is essential for budgeting the total cost of your purchase.

Tax Rate for Cabin-Type Properties

Certain smaller cabin-type properties in Promontory are subject to a second home tax rate of approximately 1.1% of the assessed value.  This rate is applied to ensure the area meets the density requirements for these specific property types, affecting the overall tax implications for potential buyers.

Short-term Rental Opportunities

An interesting aspect of the cabin or villa properties in Promontory is their eligibility for short-term rentals.  These are the only properties within the community that offer owners the flexibility to rent out their homes short-term, providing a potential income stream or a way to offset ownership costs.

Comprehensive Real Estate Support

We offer a wealth of resources for those interested in exploring MLS Listings in Promontory and gaining deeper insights into the real estate market here.  This includes detailed Promontory real estate information, historical sales data, prices, HOA documents, subdivision maps, and design guidelines.  These resources are invaluable for making informed decisions and understanding the full scope of owning property in this prestigious Park City, Utah community.

For further information or to delve into the specifics of Promontory real estate, including available homes and condos, don't hesitate to contact me.  We aim to provide you with all the necessary details to navigate the Promontory property market confidently.

What are the Fees to Join The Promontory Club?

The details regarding the membership fees for The Promontory Club and other golf club communities within Park City are comprehensively outlined on our Park City Golf Communities Page.  This resource is designed to provide potential members a clear understanding of the costs of joining these prestigious clubs.

Our dedicated page serves as a valuable guide for those considering membership at The Promontory Club or any of Park City's elite golf communities, offering up-to-date details on membership options, fees, and the benefits each Club provides.  This ensures prospective members can align their preferences with the right community, enhancing their Park City lifestyle experience.

Derrik's Insights on Promontory Real Estate

Reflecting on my journey since beginning my real estate career in Park City in 2012, my appreciation for Promontory has deepened significantly.  Initially, Promontory presented itself as a sprawling golf community, one among many in the area.  However, it has evolved into so much more, thanks to thoughtful enhancements and the addition of diverse amenities by the developer.  Today, it stands out for its golfing landscapes and inclusive offerings like tubing hills, bowling alleys, and even a beach amidst the mountains.

Promontory's versatility as a luxury real estate community sets the Club apart.  It caters to a wide array of preferences and lifestyles, underscored by the breathtaking mountain views that encapsulate the essence of Utah's natural beauty.  The ease of access to ski slopes adds another layer of appeal, making it a community where convenience meets luxury.

Promontory is where you can seamlessly transition into a vibrant social life, meeting friends and engaging in fun activities.  Its ability to blend luxury living with a sense of community and adventure makes it a unique and cherished locale within Park City.

Promontory Real Estate Trends and Statistics

BELOW ARE SALES STATS FOR PROMONTORY HOMES FROM 2015 TO THE END OF 2023

The real estate market in Promontory in 2023 demonstrated resilience, nearly mirroring the sales volume of the preceding year with 78 transactions, just shy of the 81 recorded in 2022.  This steadfastness is particularly notable against the backdrop of rising interest rates, a factor that often influences market dynamics.  The sustained strength of the high-end luxury segment is a key driver of this performance, as evidenced by the significant median price increase.

In 2023, the median sales price for homes in Promontory escalated to $4,250,000, while the average price reached $4,603,304, underscoring the premium nature of the market.  The sales prices spanned a broad spectrum, from $1,770,000 to an impressive $11,250,000, reflecting the diverse range of properties within this coveted enclave.  A noteworthy trend was the preference for cash transactions, with 51 out of the 78 buyers opting to purchase their homes outright, circumventing the complexities of financing amid fluctuating interest rates.


YEAR # OF SALES MEDIAN PRICE
2023 78 $4,250,000
2022 81 $3,072,000
2021 117 $3,152,990
2020 139 $2,454,794
2019 79 $2,233,472
2018 68 $2,080,000
2017 79 $1,725,000
2016 66 $2,009,325
2015 60 $1,669,500

Promontory's Newest Luxury Neighborhoods:

THE GALLERY at PROMONTORY | DEVELOPER HOMES

The Gallery offers eleven homesites with views of the mountains of Park City, on the first hold of the Dye Canyon Golf Course.  In addition, the location provides easy access to The Village at Promontory (dining, spa, fitness, tennis, etc.) across the street.  This community is simple and easy for the buyer to build, with several pre-selected floorplans, but buyers get to select their finishes.  One of the best features is that the cost to build is locked in when the purchase contract is signed.

PINNACLE AT PROMONTORY

Pinnacle at Promontory is a prestigious community that redefines the essence of luxury in the region, offering sixty-four meticulously curated parcels of land across 143 acres.  Pinnacle is designed for discerning individuals who seek to create a home that mirrors the pinnacle of luxury and exclusivity.

Each homesite within Pinnacle has been strategically positioned to provide homeowners with panoramic views of Park City's majestic mountain landscapes.  These vistas serve as a daily reminder of the natural beauty and grandeur surrounding this exclusive community, ensuring every moment at home is accompanied by awe-inspiring scenery.

Residents of Pinnacle enjoy access to the exceptional amenities and privileges associated with the Promontory community, including the revered Pete Dye golf course.  With its stunning integration of holes 10 through 18 into the natural landscape, this iconic course adds to the allure of living in Pinnacle.

Pinnacle offers two pathways to realizing your dream home: collaboration with the esteemed Builders of Promontory, who ensure every detail reflects your vision, including accommodating floor plan modifications, or the pursuit of a fully custom build, allowing for a home that is as unique as your desires and style.

The heart of the community is the exclusive private clubhouse, a sanctuary for Pinnacle residents.  This exquisite space fosters connections among neighbors and serves as the backdrop for creating unforgettable memories, all within a setting of refinement.

Embrace the pinnacle of luxury living at Pinnacle at Promontory, where sophistication and elegance meet the unmatched beauty of Park City.  This is your opportunity to secure a place within one of the most esteemed communities in the area, where luxury knows no bounds.

ELK RIDGE HEIGHTS

The custom homesite community of Elk Ridge Heights provides the opportunity to build on 17 home sites overlooking the Pete Dye Canyon Course.  The size of lots ranges from 1.2 to 2.6 acres.

PROMONTORY RANCHES - Legacy Parcels

Promontory Ranches represents an exclusive opportunity within the celebrated Promontory community, offering legacy parcels that redefine spacious luxury living.  These unique parcels range from thirty to forty-five acres, providing ample space and privacy.  A designated five-acre building envelope within each lot ensures that homeowners can design and build their dream homes while preserving the natural beauty and open space that characterizes the area.

With only ten parcels available, Promontory Ranches offer extraordinary space and exclusivity.  These lots can acquire full golf memberships through a separate bill of sale, adding to the allure of these prestigious properties.  Such memberships grant access to Promontory's world-class golf amenities, enhancing the luxury lifestyle afforded to residents.

The rarity of these large lots places Promontory Ranches in a class of its own, though similar thirty-plus-acre lots can also be found in other high-end communities like Victory Ranch and Tuhaye.  However, the combination of Promontory's amenities, the vast acreage of each lot, and the potential for full golf membership make Promontory Ranches a uniquely attractive option for those seeking to create a legacy property in Park City.

Promontory Ranches invites you to envision a lifestyle marked by grandeur, privacy, and exclusive community benefits.  This is a chance to own a piece of the extraordinary Promontory community, where luxury and nature merge to offer a living experience unlike any other.

Hillside Estates

Hillside Estates in Promontory only has a few lots remaining for sale.  This neighborhood allows you to work with pre-selected floorplans for a contemporary mountain home with a three-car garage.  The houses sit on estate-sized parcels with stone, steel, and wood exteriors near the Nicklaus Clubhouse.

Sage Hills Estates

Sage Hills Estates, the latest addition to the Promontory community unveiled in 2023, redefines luxury living in Park City with its breathtaking views of the mountains and a new par-three 18-hole golf course.  Homes, designed by Solim Gasparik of 4C Design Group and built by Promontory Homes, range from four to six bedrooms, offering extensive personalization options through a state-of-the-art Design Center.  This unique opportunity allows homeowners to tailor their residences, ranging from 3,626 to 6,673 square feet, with custom selections and finishes.

At the core of Sage Hills Estates is the Hills Clubhouse, set to open this year, featuring the Sage Modern Italian restaurant and four indoor golf simulator bays for year-round play.  The Golf Academy at Promontory, "The GAP," further enhances the golfing experience with top-tier instructional facilities and the GAP Fitting Studio by TaylorMade Golf.  Alongside exquisite dining and golfing facilities, residents can enjoy relaxation and community at the clubhouse bar and restaurant or engage in friendly competition on the new 18-hole putting course, Cascade Greens, making Sage Hills Estates a pinnacle of luxury and leisure.

Discover the Newest and Best Properties in Promontory

We are delighted to showcase Promontory's newest and finest properties.  Our collection caters to many preferences, from expansive luxury residences to intimate retreats, ensuring a perfect match for every desire.

Beyond our public listings, we provide exclusive access to off-market properties unavailable on the MLS.  These hidden gems offer a unique opportunity to secure your dream home in Promontory with privacy and exclusivity seldom found elsewhere.

Our team of seasoned real estate professionals is dedicated to assisting you every step of the way.  From navigating our extensive portfolio to uncovering those elusive off-market opportunities, we're here to ensure a seamless and satisfying home-buying experience.

Don't miss out on discovering the perfect property that Promontory offers.  Begin your search with us today, and feel free to reach out for more information or to arrange a personal tour.  We're excited to help you find your next dream home in this Park City high amenity community.

Your Park City Realtor: Guiding You to Your Perfect Home Beyond Boundaries

As Park City Realtors, we are deeply passionate about the Promontory Community.  We recognize the unique charm of each golf community and neighborhood in Park City.  Our experience has shown that while buyers may start their search with a specific area in mind, such as Deer Valley, they often discover their ideal home in another, like Promontory, or vice versa.

We're committed to providing a comprehensive view of the Park City market, guiding you to the home that best fits your needs and preferences. Please reach out to us for personalized representation in your Park City home-buying journey, ensuring you have access to the full spectrum of what this magnificent area has to offer.

Promontory Park City - Current Real Estate Listings

Archived Promontory Real Estate Statistics Writeup for 2022

Promontory home sales dropped by approximately 31%, and prices remained relatively flat.  The average price per square foot was $925, and 44 sales were over $3,000,000.  The top sale in Promontory for 2022 was $8,500,000  (Updated January 2023)

While the number of sales floats back to pre-COVID numbers, prices remain relatively the same overall.  This could be partly due to the two-bedroom double Deer Cottages pushing the number of sales up but at the time pulling down the prices.  Last year, there were a total of 70 homes over $3,000,000 that closed in Promontory.

Archived Promontory Real Estate Statistics Writeup for 2021

Below is what I wrote about the Promontory Real Estate happenings for 2021.  Because this information has been updated above for 2022, we have archived it at the bottom of the webpage.

Promontory has seen many buyers relocating from Southern California, the New York tri-state area, Chicago, Texas, and the Bay Area.  Real Estate sales more than doubled over 2019 – from $214 Million to $466 Million in 2020, and we are still on that same track.

We have Promontory Home Sales Statistics: 2015 through 2021 at the bottom of this page.  In addition, we offer a full Park City Real Estate Market Review.

In 2022, the availability of the Promontory Golf Membership has become very important and valuable in terms of real estate - there are currently 76 people on the waitlist for full membership.  Developer properties for sale will offer full memberships (golf), but not all will have access to the membership.  In addition, homes under construction may or may not have membership attached.

Promontory home sales dropped by 15%, but strong buyer interest remained. With low inventory, the prices were pushed by 28%.  The average price per square foot was $713, and 70 sales were over $3,000,000.  The top-priced home ever to sell in Promontory was sold in 2021 and was for sale for $10,825,000.  (Updated 2022)

The lack of inventory in the Park City market has pushed buyers up in price, where they feel they receive a better value for their dollar.  As a result, the luxury market has been strong, and it appears that it won't change in the foreseeable future.

In 2022, the availability of the Promontory Golf Membership has become very important and valuable in terms of real estate - there are currently 76 people on the waitlist for full membership.  Developer properties for sale will offer full memberships (golf), but not all will have access to the membership.  In addition, homes under construction may or may not have membership attached.

EDITOR'S NOTE: #1. Common misspellings of Promontory are: Promentory Utah, Promintory Utah, Prometory Utah, Promotory Utah, Promatory Utah.  #2. This page was last updated on February 5, 2024, enhancing readability and including the latest 2023 Promontory real estate statistics.