Deer Valley New Construction by the Numbers
Since 2020, 396 new construction properties (built 2018 or later) have sold across Deer Valley at a median of $3.1 million and $1,403 per square foot, totaling $1.45 billion in closed volume. That includes condos, homes, and townhomes across five areas, from studio units under $400,000 in the expansion corridor to custom homes above $23 million in Empire Pass.
New construction in Deer Valley is not one category. It includes branded hotel residences with rental management programs, private ski-in/ski-out condos, detached homes on half-acre lots, and gated townhomes with elevator ski access. The ownership structures, HOA obligations, and long-term positioning vary significantly by building and location. This page covers what is available, what has sold, and what buyers should evaluate before committing to a new build in the resort.
This page is maintained by Derrik Carlson (435.200.5478), Resort Real Estate Advisor at KW Park City Keller Williams Real Estate. Derrik helps new construction buyers evaluate branded vs. non-branded ownership, HOA scope and projected assessments, ski access quality at the building level, builder warranty terms, and whether a specific project fits the buyer's use case. Contact Derrik to discuss current availability and off-market opportunities.
Market data reviewed May 2026. Deer Valley new construction inventory, pricing, and project availability change quickly. Contact Derrik for current numbers.
396
New Construction Sales
$1.45B
Closed Volume
$3.1M
Median Sale Price
$1,403
Median Price Per SF
Market Detail
396 new construction sales since 2020 (built 2018 or later): Deer Valley Expansion (172), Empire Pass (94), Deer Crest (66), Upper Deer Valley (37), Lower Deer Valley (27).
Property mix: condos (356), detached homes (32), townhomes (8).
Price range: $372,000 (Pioche Village studio) to $23.5 million (Red Cloud estate).
On This Page
Market at a Glance | New Condos | New Homes | Townhomes | Best Fit by Buyer Type | Expansion | What to Evaluate | Derrik's Perspective | FAQ | Listings
New Construction Condos in Deer Valley
Condos account for 356 of 396 new construction sales in Deer Valley. The range within that number is wide: from Pioche Village studios at $372,000 to Founders Place penthouses above $10 million. The building, brand affiliation, and location determine the ownership experience far more than the year it was built.
52 sales, $2.51M to $10.09M, $1,904/SF. Deer Crest (gated). Ski-in/ski-out at the Mountaineer Express chairlift. 78 units across four buildings. Built 2024-2025. Amenities include pool deck, fitness center, and cafe. Mountain contemporary design by Sparano + Mooney. The highest-volume new condo project in the resort.
52 sales, $822K to $7M, $1,487/SF. Deer Valley Expansion. Branded hotel residence with established rental management. Built 2024. Full-service amenities. The primary branded entry point in the expansion corridor. Verify the current state of ski infrastructure and daily access compared to legacy Deer Valley areas.
36 sales, $2.31M to $9.5M, $1,465/SF. Empire Pass. Ski-in/ski-out via Silver Strike Express. Built 2021-2022. Contemporary finishes, ski valet, fitness, pool. The newest branded condo in Empire Pass. Carries the 1% Empire Pass transfer fee paid by the buyer.
35 sales, $1.03M to $5.8M, $1,962/SF. Upper Deer Valley at Silver Lake Village. Built 2019-2021. European-inspired hotel residences by Tom Kundig (Olson Kundig). Heated pool, fitness, rooftop terrace. Walk-to-lift access. Turnkey furnished units with established rental programs.
22 sales, $2.7M to $7.53M, $1,993/SF. Lower Deer Valley at Snow Park base. Built 2021-2025. Butler service, branded hotel management. New residences added to the existing St. Regis property. Shuttle access to upper lifts. The highest-service option in Lower Deer Valley.
22 sales, $1.19M to $8.7M, $1,466/SF. Empire Pass. Ski-in/ski-out via Silver Strike Express. Built 2019-2021. Access to Talisker Tower amenities (dining, pool, spa). 19 units. 1% Empire Pass transfer fee applies.
17 sales, $2.58M to $13.2M, $1,640/SF. Empire Pass. Built 2020-2021. Connected to The Tower Club with spa, pool, and programming. Talisker Club membership included. 14 units. The most exclusive condo address in Empire Pass by unit count and price per square foot.
For the full condo inventory across all areas, see Deer Valley condos for sale. For ski-access condos specifically, see Deer Valley ski-in/ski-out real estate.
New Construction Homes in Deer Valley
32 detached homes built 2018 or later have sold in Deer Valley since 2020 at a median of $12 million. This is the thinnest segment of new construction inventory and the most difficult to access. Most of these properties are in Empire Pass or Deer Crest, and many trade quietly.
6 sales, $13.25M to $15.25M, $2,133/SF. Empire Pass. Ski-in/ski-out. Built 2020-2025. The highest $/SF for detached homes in Deer Valley. Premium lots with direct ski access and Talisker Club eligibility.
Deer Crest Estates
7 sales, $5.9M to $18.75M, $1,565/SF. Deer Crest (gated). Private chairlift ski access, Jordanelle Reservoir views. Built 2018-2024. The widest price range for new detached homes in a single Deer Valley neighborhood.
5 sales, $7.2M to $14.43M, $1,607/SF. Empire Pass. Ski-in/ski-out via Northside Express. Built 2020-2025. Talisker Club membership available. Heated driveways. Rustic-contemporary design with panoramic views.
Red Cloud
3 sales, $9.35M to $23.5M, $1,215/SF. Empire Pass. Built 2020-2023. The highest individual sale in all Deer Valley new construction ($23.5M). Large custom lots with ski access. Limited supply.
For the full home inventory, see Deer Valley homes for sale.
New Construction Townhomes in Deer Valley
Only 8 new construction townhomes have sold in Deer Valley since 2020. This is the smallest segment and the least liquid. Townhomes fill a specific gap: more space and privacy than a condo, with less maintenance than a detached home.
4 sales, $3.45M to $5.02M, $968/SF. Deer Crest (gated). Built 2020-2022. 12 townhomes with private terraces, elevator ski access, and Jordanelle Reservoir views. HOA covers maintenance. The only townhome product inside a gated Deer Valley community.
3 sales, $3.95M to $4.75M, $1,183/SF. Empire Pass. Built 2021. 27 units with heated two-car garages, which is uncommon in the area. Ski-in/ski-out access. Shuttle service. Empire Pass 1% transfer fee applies.
Best Fit by Buyer Type
Different new construction projects in Deer Valley serve different buyer goals. The cards below sort the inventory by use case rather than location.
Best for rental income
Grand Hyatt Deer Valley, St. Regis Snow Park, and Goldener Hirsch. Branded hotel residences with established rental management, professional housekeeping, and consistent occupancy. Higher operating costs offset by higher and more predictable revenue.
Best for verified ski-in/ski-out
Founders Place (Mountaineer Express), Argent Deer Valley and Empire Residences (Silver Strike Express), Moonshadow and Nakoma (direct trail access). These projects place buyers on snow without shuttles, road crossings, or long walks.
Best for privacy
Deer Crest Estates, Red Cloud, and Moonshadow. Detached homes on large lots inside gated communities. Lower density, no shared walls, and longer hold periods on resale.
Best for lower-maintenance ownership
Goldener Hirsch, St. Regis Snow Park, and Grand Hyatt. Turnkey furnished, hotel-managed, with single-point service for maintenance, housekeeping, and rental coordination. Walk in, walk out.
Best for long-term appreciation
Empire Pass detached homes (Moonshadow, Nakoma, Red Cloud) and Deer Crest Estates. Limited supply, gated access, premium lot characteristics, and Talisker or Deer Crest membership eligibility. These produce the strongest resale performance over 10-year hold periods.
Best for entry-level investment
Pioche Village studios and one-bedrooms ($372K to $1.16M) and lower-priced Grand Hyatt units. The lowest entry points in Deer Valley new construction, with rental programs in place from day one.
Deer Valley Expansion: New Construction
The Deer Valley Expansion corridor along Mayflower Mountain has produced the highest volume of new construction sales in the resort: 172 transactions since 2020. Pioche Village (119 sales, $372K to $1.16M) provides studio and one-bedroom units at the lowest entry point in Deer Valley. Grand Hyatt (52 sales, $822K to $7M) offers branded hotel ownership with established rental programs.
Additional branded projects, including Four Seasons and Waldorf Astoria, are under development. Buyers evaluating new construction in this corridor should verify the current state of ski infrastructure, the specific access route from the building to the lift system, and how the daily ownership experience compares to established Deer Valley areas where ski access, dining, and community character have been in place for years. The expansion corridor is not the same ownership experience as Silver Lake Village, Empire Pass, or Deer Crest today.
For help evaluating expansion-corridor projects, contact Derrik Carlson at 435.200.5478 or Carlson@RealEstateInParkCity.com.
What to Evaluate in Deer Valley New Construction
New does not always mean better. Several variables separate a strong new construction purchase from an expensive one.
Branded vs. non-branded
Branded projects (Grand Hyatt, Goldener Hirsch, St. Regis) include rental management programs, higher service levels, and established brand infrastructure. They also carry higher HOA costs and may restrict owner use during peak periods. Non-branded new construction (Founders Place, Argent) offers more flexibility on how and when you use the property.
HOA scope and projected costs
New buildings have limited assessment history. Review the projected budget, reserve fund plan, and what services are included versus billed separately. The difference between a $500/month HOA and a $5,000/month HOA is the entire ownership experience. Ask for the developer's pro forma and compare it to comparable stabilized buildings.
Builder warranty and finish quality
Most new construction in Deer Valley includes builder warranties, but the scope and duration vary. Review what is covered, what is excluded, and how warranty claims have been handled in the developer's other projects. Finish quality also varies. A $4M condo and a $9M condo in the same building can use different material tiers.
Transfer fees and resale structure
Empire Pass carries a 1% transfer fee paid by the buyer. Some new construction projects have additional developer transfer fees or HOA capital contribution requirements. Verify the total acquisition cost beyond the purchase price, including transfer fees, HOA initiation, and any required club memberships.
Ski access: verified vs. marketed
Not all new construction has the ski access implied in marketing materials. Walk the actual route from the unit to the nearest lift. Some new buildings are ski-adjacent or shuttle-dependent rather than true ski-in/ski-out. This applies to both legacy areas and expansion-corridor projects.
Delivery timeline and construction risk
Pre-construction and under-construction purchases carry timing risk. Verify the expected delivery date, the developer's track record on prior projects, and what happens to your deposit if construction is delayed or the project does not proceed as planned. Completed inventory removes this variable entirely.
Before You Reserve a Unit or Write an Offer
I can help you compare total cost of ownership, HOA structure, rental rules, ski access, and resale positioning across the projects on this page. Contact me before you sign a reservation agreement.
Derrik Carlson, Resort Real Estate Advisor | 435.200.5478 | Carlson@RealEstateInParkCity.com
Derrik's Perspective on Deer Valley New Construction
I have walked the floor plans, reviewed the HOA pro formas, and sat in the sales centers for most of the projects on this page, and the pattern I see most often is buyers comparing the wrong things. Two new condos at $1,500 per square foot can have completely different total costs of ownership once HOA, transfer fees, rental management splits, and Talisker or Deer Crest membership obligations are layered in. The buyers who do well in Deer Valley new construction underwrite the full 10-year cost, not the purchase price. The other detail I push hard on is ski access: the gap between marketed ski-in/ski-out and verified ski-in/ski-out is real, and walking the actual route from the unit to the lift in winter changes the buying decision in some buildings. I help clients sort through all of it before they sign.
Frequently Asked Questions: Deer Valley New Construction
What is the price range for new construction in Deer Valley?
New construction in Deer Valley ranges from under $400,000 for Pioche Village studio units in the expansion corridor to over $23 million for custom homes in Empire Pass. The median sale for properties built 2018 or later is $3.1 million. Condos dominate the supply (356 of 396 sales).
Which Deer Valley areas have the most new construction?
The expansion corridor has the highest volume (172 sales), followed by Empire Pass (94), Deer Crest (66), Upper Deer Valley (37), and Lower Deer Valley (27). Empire Pass and Deer Crest have the highest-value new construction. The expansion corridor has the most accessible entry points.
Is Deer Valley new construction a good investment?
New construction in established areas (Empire Pass, Deer Crest, Silver Lake Village) has demonstrated strong resale performance. Expansion-corridor projects are newer and have less resale history to evaluate. Investment performance depends on the building, location, rental eligibility, and management structure. Branded residences with established rental programs tend to produce more consistent rental income but carry higher operating costs.
What is the difference between buying a completed unit and a pre-construction unit?
Completed units allow inspection, immediate use, and known HOA costs. Pre-construction purchases may offer lower pricing and unit selection but carry delivery risk, potential construction delays, and projected (rather than actual) HOA financials. Verify the developer's track record and the deposit structure before committing to a pre-construction purchase.
Do new construction condos in Deer Valley allow nightly rentals?
Many do, but rules vary by building and HOA. Branded properties (Grand Hyatt, Goldener Hirsch, St. Regis) have established rental management programs. Non-branded buildings may allow self-managed rentals with appropriate licensing. Verify nightly rental eligibility, minimum-stay requirements, and any blackout periods before purchasing.
What should buyers verify before purchasing Deer Valley new construction?
Verify ski access route (walk it), HOA projected budget and reserve plan, builder warranty terms, transfer fee obligations (1% in Empire Pass, plus any developer fees), rental eligibility and management requirements, parking and storage assignments, and delivery timeline for pre-construction purchases.
For questions about Deer Valley new construction, contact Derrik Carlson at 435.200.5478 or Carlson@RealEstateInParkCity.com. You can also reach us through the contact page.
Deer Valley New Construction Listings
For new construction across the broader Park City market, visit the Park City new construction page.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying prospective properties of interest to consumers. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate and should be independently verified.
The multiple listing information is provided by Park City Board of Realtors from a copyrighted compilation of listings. The collection of listings and each listing are the property of Park City Board of Realtors, All Rights Reserved. KW Park City Keller Williams provides access to multiple listing information on this website as a member of the Park City Board of Realtors Multiple Listing Service.