New Construction in Park City and Deer Valley (2026)

About this article: This analysis draws from 189 active MLS new construction listings across Park City and Deer Valley, current as of March 2026. Market data, pricing tiers, and development details are sourced directly from the Park City MLS. Written by Derrik Carlson, Resort Real Estate Advisor with nearly 20 years of experience in Park City and Deer Valley real estate. Last updated March 2026.

What New Construction Looks Like in Park City Right Now

There are 189 active new construction listings across Park City and Deer Valley as of March 2026. That number is higher than most buyers expect, and the range is wider than what gets discussed in casual conversation. Prices start at $339,000 for a studio condo near Canyons Village and reach $39,000,000 for a custom estate in one of the resort's most exclusive enclaves. The median list price sits at $4,600,000.

Of those 189 listings, 76 are under construction, 45 are proposed (not yet started), and 68 are complete and ready for occupancy. That split matters. "New construction" in this market means three different buying experiences depending on the stage: selecting finishes on a proposed home, monitoring a build in progress, or walking into a finished product with a builder warranty and no wait.

The inventory breaks down into 97 detached homes, 43 townhomes, 41 condos, and 8 attached residences. Most of the detached home activity is concentrated in the golf communities and custom lot developments. Condos and townhomes are tied primarily to resort base area projects and the Jordanelle corridor.

Where the Construction Is Concentrated

Two-thirds of all new construction inventory, 123 of 189 listings, falls within the Heber and Midway geographic area. That includes everything along the Jordanelle corridor, Tuhaye, Mayflower, Hideout, and the Deer Valley Expansion area. The remaining 66 listings sit within the Park City geographic area, spread across Promontory, Canyons Village, Old Town, and Snyderville Basin communities.

That distribution reflects two realities. First, the Deer Valley Expansion is generating an unprecedented amount of residential development on the east side of the resort. Second, the established neighborhoods closer to Main Street and the original Deer Valley base areas are largely built out. Buyers looking for new construction near the traditional resort core have limited options and significantly higher entry points.

Deer Valley Expansion Area

The Deer Valley Expansion, centered on what was formerly the Mayflower Mountain project, is the single largest concentration of new development activity in the region. This area now hosts several major projects under construction or in planning. Four Seasons Private Residences Deer Valley currently has 8 units on the market ranging from approximately $3,000,000 to $14,500,000. The Waldorf Astoria Deer Valley has 4 residences listed between $4,175,000 and $9,350,000. Cormont has 4 units available from $2,745,000 to $4,232,000. Velvaere is offering 5 residences between $4,950,000 and $13,995,000. And Founders Place has 5 listings from $4,895,000 to $14,445,000.

The Grand Hyatt Deer Valley opened in late 2024, and a new Four Seasons Resort is under construction with a projected 2028 completion. The 10-passenger gondola serving the Deer Valley Expansion area is operational, and additional lifts and terrain are opening through the 2026-2027 season. For context on the full expansion scope, Deer Valley has more than doubled its skiable terrain to over 4,300 acres with 200+ runs across 10 mountain peaks. The scale of infrastructure investment is estimated at roughly $2 billion.

The Residences at Grand Hyatt Deer Valley, Pioche Village, Marcella, and Marcella Landing round out the current expansion-area offerings. This is not a single development. It is an entirely new base village taking shape alongside one of the largest terrain expansions in North American ski history.

Jordanelle Corridor

Mayflower Lakeside leads this area with 12 listings from $1,358,000 to $3,550,000, offering townhomes with reservoir and mountain views. Klaim, Shoreline, Soaring Hawk, and Hideout Canyon contribute additional townhome and single-family inventory in the $966,000 to $6,280,000 range. Jordanelle Ridge, Keetley Ridge, and Discovery Ridge offer more attainable entry points between $969,000 and $3,895,000.

The Jordanelle corridor is one of the few areas in the market where buyers can find new construction under $2,000,000. That is worth stating plainly, because in most other zones near the resorts, $2,000,000 is a floor, not a ceiling.

Promontory and Tuhaye

Tuhaye has 12 active new construction listings, all detached homes, priced from $6,200,000 to $16,900,000. That price floor has risen significantly over the past 18 months. The community is building out its final phases, including the Sage Hills Estates and Dancing Sun neighborhoods, with new floorplans designed by 4C Design Group and built by Promontory Homes. Talisker Club membership is included with many purchases.

Promontory continues to offer the widest selection of new homes in the market. Sage Hills Estates, the newest neighborhood within Promontory, has 3 listings from $5,544,000 to $6,129,000. Golden Eagle, another Promontory neighborhood, has 7 listings between $4,550,000 and $5,495,000. Promontory typically has significant builder activity at any given time, and the community's new par-3 18-hole Hills course adds another layer to the golf offering.

Canyons Village and Park City Proper

Elevation at Canyons Village has 2 ski-in/ski-out townhomes listed at $7,895,000 and $8,495,000. Viridian, The Ridge at Canyons Village, and White Pine Canyon Village offer additional options within the resort footprint. Old Town has 4 new construction listings ranging from $4,995,000 to $12,900,000, reflecting the premium that proximity to Main Street commands.

The Havens at Deer Crest offers 4 proposed ski-in/ski-out townhomes from $3,400,000 to $6,200,000 within the Deer Crest gates, with Jordanelle-side terrain access and nightly rental eligibility.

At the top of the market, The Colony at White Pine Canyon has 3 listings between $24,500,000 and $30,500,000. These are custom estates on large, ski-accessible lots. A Bald Eagle Club listing at $39,000,000 and a Deer Crest Estates listing at $25,000,000 round out the ultra-luxury tier.

Price Tiers: What Each Level of the Market Looks Like

Price distribution across the 189 active listings follows a pattern that is useful for buyers to understand before they begin searching.

Under $1,000,000 (13 listings). Condos and smaller townhomes in Silver Creek Village, Pioche Village, Deer Springs, and a single YotelPad unit. These represent the most accessible entry into new construction ownership in the Park City market. Nightly rental eligibility varies by project.

$1,000,000 to $3,000,000 (61 listings). The largest segment by count. Townhomes and condos across Mayflower Lakeside, Keetley Ridge, Discovery Ridge, Jordanelle Ridge, Cormont, Hideout, and the Residences at Grand Hyatt Deer Valley. Buyers in this tier get newer finishes, builder warranties, and proximity to resort infrastructure without the custom home price tag.

$3,000,000 to $5,000,000 (37 listings). Developer condos and townhomes at Waldorf Astoria, Four Seasons, Founders Place, Amanti Lago, and the Havens at Deer Crest. Also includes smaller custom homes in Promontory, Tuhaye, Park City Heights, and Hideout Canyon. This is where branded resort residences and golf community homes overlap.

$5,000,000 to $10,000,000 (57 listings). Custom homes in Tuhaye, Promontory's Golden Eagle and Sage Hills, SkyRidge, Velvaere townhomes, Elevation at Canyons Village, and larger Four Seasons residences. Buyers at this level are choosing between resort ski access, private golf, and custom lot builds with significant acreage.

$10,000,000 and above (21 listings). Custom estates in The Colony, Deer Crest, Bald Eagle Club, Marcella at Deer Valley, and the top-tier Four Seasons and Founders Place penthouses. This segment is defined by ski-in/ski-out access, maximum privacy, significant land, and architectural scale that is difficult to replicate.

New Construction vs. Custom Build: Two Different Decisions

Buyers use the term "new construction" to describe two fundamentally different paths: purchasing a developer-built home or condo, and building a custom home on a vacant lot. The economics, timelines, and risks are not interchangeable.

Developer purchases offer a defined price, a set (or nearly set) finish schedule, and a predictable closing timeline. The tradeoff is limited customization and, in some cases, HOA structures and rental restrictions that may not align with the buyer's intended use. Most of the 189 active listings fall into this category.

Custom builds offer full design control but require a longer commitment. Construction costs in Park City currently range from $625 to $1,500+ per square foot depending on location, grade, and finish level. That figure does not include land, soft costs (architecture, engineering, surveys), impact fees, landscaping, heated driveways, or furnishings, all of which can add 20 to 35 percent to the base construction budget. The full timeline from land purchase to move-in is typically 18 to 30+ months. Federal tariffs on lumber and cabinet imports, effective since late 2025, are adding further cost pressure. For a detailed breakdown, see our complete guide to building costs in Park City.

One of the most common mistakes buyers make is comparing per-square-foot construction cost to per-square-foot purchase price on a finished product. Those are not the same number. A developer who purchased land three years ago at a lower basis, built at scale, and absorbed carrying costs can often deliver a finished product at a per-square-foot price that a custom build cannot match today. That does not mean developer product is always the better value. It means the comparison requires context.

What Buyers Should Know Before Committing

Representation matters in developer transactions. Most new construction projects in Park City allow buyer representation at no additional cost to the buyer. The developer has already factored commission into their pricing model. Working with an agent who understands construction contracts, developer incentive structures, and HOA formation documents provides leverage that buyers cannot replicate on their own. We cover this in detail on our buyer representation for new construction page.

Nightly rental eligibility is not universal. Some new developments permit short-term rentals. Others restrict them entirely. A few operate under resort rental management programs with specific operator requirements. Confirm rental rules before closing, not after. The distinction between "nightly rental allowed" and "nightly rental practical" is significant in this market.

Proposed and under-construction listings carry timing risk. Forty-five of the 189 active listings are proposed, meaning construction has not started. Weather, permitting, labor shortages, and material delays can shift timelines by months. Buyers who need occupancy by a specific date should weigh completed inventory more heavily or build adequate buffer into their expectations.

HOA structures vary widely across new developments. Monthly dues range from $400 to over $2,500 depending on the project. Some include club memberships. Some do not. Some include exterior maintenance, insurance, and amenity access. Others cover only common area upkeep. The HOA budget is as relevant as the purchase price when calculating ongoing cost of ownership.

The Deer Valley Expansion is still evolving. The terrain expansion through the 2026-2027 season will continue to reshape access patterns, property values, and traffic flows across the east side of the resort. Buyers should evaluate how each development connects to current and planned ski infrastructure, not just what is available today. The expansion is a multi-year project, and early positioning has historically rewarded buyers in prior Deer Valley phases.

The Broader Context: Why This Cycle Is Different

Park City has been through new construction booms before. This one is different in three ways.

First, the scale of the Deer Valley Expansion has no precedent. An estimated $2 billion in infrastructure investment, 10 new lifts, nearly 100 new runs, and a full base village under construction. That level of capital deployment is pulling property values upward across every adjacent neighborhood, not just within the expansion footprint itself.

Second, construction costs are rising faster than in prior cycles. Tariffs, labor constraints, and California wildfire-driven material demand have compressed supply chains in ways that were not factors during the 2005-2007 or 2019-2021 building periods. Buyers who delay a decision today are likely buying into a higher cost environment later.

Third, the buyer pool has shifted. The post-2020 migration of high-net-worth individuals from coastal markets has continued, and these buyers are arriving with purchase timelines measured in weeks, not months. New construction inventory that would have sat for 60 to 90 days five years ago is now absorbing faster, particularly in the $3,000,000 to $10,000,000 range.

Frequently Asked Questions

How many new construction homes are for sale in Park City and Deer Valley right now?

As of March 2026, there are 189 active new construction listings across the Park City and Deer Valley market. This includes proposed, under construction, and recently completed properties ranging from condos and townhomes to custom estates.

What is the price range for new construction in Park City?

Current new construction listings range from $339,000 for a studio condo to $39,000,000 for a custom estate. The median list price is $4,600,000. The largest concentration of inventory falls between $1,000,000 and $3,000,000.

Where is most of the new construction activity in Park City?

Two-thirds of all new construction inventory sits within the Jordanelle corridor and Deer Valley Expansion area, including Tuhaye, Mayflower Lakeside, Hideout, and the new base village developments. The remaining third is split between Promontory, Canyons Village, and Park City proper.

What does it cost to build a custom home in Park City?

Construction costs range from $625 to $1,500+ per square foot depending on location, grade, and finish level. Land, soft costs, impact fees, landscaping, and furnishings add 20 to 35 percent on top of that base number. A full breakdown is available in our cost to build in Park City guide.

Can I do nightly rentals in new construction in Park City?

It depends on the development. Some projects permit nightly rentals with no restrictions. Others prohibit them entirely or limit them to specific minimum-stay requirements. Rental rules are set by HOA governing documents and local zoning. Confirm eligibility before purchasing.

How long does it take to build a home in Park City?

The full timeline from land purchase to move-in is typically 18 to 30+ months. That includes 2 to 4 months for design, 1 to 3 months for HOA review, 1 to 3 months for permitting, and 12 to 18+ months for construction. Weather, labor, and material availability can extend these timelines.

Is the Deer Valley Expansion affecting property values?

Yes. The expansion has increased demand and pricing across the Deer Valley corridor, including adjacent communities that were not previously considered "Deer Valley" properties. The scale of infrastructure investment, estimated at roughly $2 billion, is the largest in the resort's history and is reshaping the entire east side of the market.

Should I buy new construction or resale in Park City?

That depends on priorities. New construction offers modern systems, builder warranties, contemporary design, and the ability to select finishes in some cases. Resale properties may offer established landscaping, proven rental histories, lower cost per square foot, and locations that are no longer available for new development. Neither is categorically better. The right choice depends on use, investment strategy, and personal preference.

Related Pages

• New Construction Homes and Condos for Sale in Park City
• Deer Valley New Construction
• Cost to Build a Home in Park City, Utah (2026)
• Ski-In/Ski-Out Real Estate in Park City and Deer Valley
• Park City Luxury Properties for Sale
• Park City Golf Communities
• Park City Investment Properties
• Buyer's Representation for New Construction

Search note: This page is also relevant for searches including "new homes Park City Utah," "Park City new builds 2026," "Deer Valley new development," "new condos Park City," and "new construction homes near Deer Valley."