Founders Place at Deer Valley

Founders Place is a luxury condominium development at 3267 Deer Hollow Road within the gated Deer Crest community at Deer Valley Resort in Park City, Utah. The building sits at the base of the Mountaineer Express Lift, directly on the Deer Hollow ski run, making it one of the very few true slopeside condominium addresses within the original Deer Valley gate. Units range from approximately 1,349 to 4,585 square feet and include 1 to 5 bedrooms, with deliveries in phases from 2024 through 2027.

Founders Place is a new construction project. The large majority of recorded MLS transactions through early 2026 are developer presales rather than arm's-length resales between individual buyers. The independent resale market for Founders Place units is in its early stages, and pricing benchmarks will evolve as more units deliver and change hands. Buyers evaluating Founders Place should understand they are buying into a development that is still under active delivery, not an established resale community.

Community Overview

Founders Place occupies a slopeside position within the Deer Crest gate at approximately 3,000 feet below the top of Deer Valley's Bald Mountain. The address places residents within the Deer Crest master-gated community, with 24-hour security and private road access shared by the broader Deer Crest ownership. The building delivers across multiple phases, with the first units completing in 2024, the majority delivering through 2025, and Phase 4 units scheduled for 2027.

Units range from studio-adjacent single-level residences under 1,500 square feet to full penthouse configurations above 4,500 square feet. The building uses a numbered unit system in which the first digit indicates the floor, and the remaining digits identify the unit position. Common amenities include ski storage, an owners' lounge, and underground parking. The Mountaineer Express Lift is directly adjacent to the building.

Location and Ski Access

Founders Place sits at the base of the Mountaineer Express Lift within the Deer Crest gate, directly on the Deer Hollow ski run. The MLS ski access designation for virtually all Founders Place units is "Ski Into Project" and "Ski Out of Project," which means ski access is at the building level rather than from the individual unit door. Residents ski from a shared building access point to the Deer Hollow run and return via the same route. The Mountaineer Express Lift is steps from the building entrance.

One unit in the dataset, Unit 2305, carries the MLS designations "Ski to Door" and "Ski Out of Door," indicating direct unit-level ski access rather than project-level. This is the exception rather than the standard for Founders Place. For any specific unit you are evaluating, ask Derrik & Co. to pull the MLS feature tags so you know exactly what access level is documented before making an offer.

The ski-access distinction between project-level and unit-level matters for daily ownership and long-term resale value. For a full explanation of how ski access designations work across all Deer Crest communities, see the Deer Crest ski-in/ski-out page. For ski-access properties across all of Deer Valley, see Deer Valley ski-in/ski-out real estate.

Unit Types and Price Tiers

Founders Place units fall into four general size tiers. The floor number in the unit designation (1xxx through 4xxx) corresponds roughly to the delivery phase, with Phase 1 and 2 units already closed and Phase 4 units scheduled for 2027. Size and price within each tier vary by floor level, orientation, and outdoor space.

One named unit type appears in the active listings: "The Helen" is referenced for Unit 3206, a 3,010-square-foot, 3-bedroom unit and described as directly across from the Mountaineer Express Lift. Named unit types may carry specific floor plans or finish configurations beyond the standard tier descriptions above.

Market Data

The figures below are drawn from Park City MLS records through March 2026. The important context: the overwhelming majority of Founders Place closings are developer presales, not resales between individual buyers. Of 52 recorded closed sales, 49 occurred in 2025 and 2 in early 2026. The market effectively opened in 2024 with one recorded closing, and bulk delivery ran through 2025. Treating these closings as comparable to an established resale community would be a mistake. The prices reflect what buyers paid directly to the developer under presale contracts, not what units have traded for in an open resale market.

The sale-to-list ratios across all closings ranged from 91.2% to 103.0%, with most falling between 95% and 100%. One unit, 3201, closed at 100.4% of the list. The most recent closing in the dataset is Unit 2305 in March 2026 at $9.75 million, which carries the "Ski to Door" designation and is a 4-bedroom, 3,656-square-foot unit. That closing at 98% of the list in 65 days was the strongest resale-type signal in the dataset, though it remains a single data point.

HOA and Carrying Costs

HOA dues at Founders Place vary significantly by unit size, floor, and phase. MLS records show monthly dues ranging from approximately $1,285 for the smallest Phase 1 units to over $20,000 per quarter for the largest Phase 4 units. That range, from roughly $15,400 to over $80,000 per year, is material and should be factored into any ownership-cost analysis before committing to a specific unit.

Always request the current HOA dues schedule, the full association budget, the reserve fund status, and the most recent meeting minutes for the specific unit you are considering. Founders Place is a new association, and reserve contributions, budget allocations, and management structures may evolve as the development reaches full occupancy. Transfer fees and buyer-side closing costs specific to Deer Crest resales should also be confirmed before signing a purchase contract.

Summit County property taxes apply at the non-primary-residence rate for second-home buyers. Verify the current assessed values with the Summit County Assessor, as new-construction assessments are often adjusted after initial occupancy.

Short-term rental policies for Founders Place should be verified in the CC&Rs before purchase. If vacation rental income is part of your ownership plan, confirm current rules and any applicable registration or occupancy requirements.

Buying at Founders Place

Buyers at Founders Place are choosing between two scenarios: purchasing an available unit in a phase that has already delivered, or going under contract on a Phase 4 unit with 2027 delivery. Both require different due diligence approaches.

For units already delivered, the standard resale process applies, with the added context that Founders Place has very few arm's-length resales on record. Most closed prices reflect developer presale contracts. Buyers using those closings as direct comps for an individual resale purchase should be cautious and should have a thorough market analysis completed by an advisor with current Deer Crest data.

For Phase 4 units still under developer contract, buyers are committing to a 2027 delivery on terms set by the developer. That introduces construction risk, delivery timing risk, and the possibility that market conditions at delivery differ from those at signing. Review the purchase and sale agreement with a real estate attorney familiar with new construction contracts in Utah before committing.

To discuss current Founders Place availability, compare active listings with already-delivered units, or understand what the closed-price record actually means for your purchase decision, contact Derrik Carlson at 435.200.5478 or at Carlson@RealEstateInParkCity.com. For other Deer Crest condos, including the established St. Regis resale market, see the full condo inventory.

Founder's Place Prices

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$4,195,000

3267 W Deer Hollow Road 1404, Park City

2 Beds 2 Baths 1,414 SqFt Residential MLS® # 12603766

$5,950,000

3267 W Deer Hollow Road 2402, Park City

3 Beds 4 Baths 2,589 SqFt Residential MLS® # 12603088

$10,700,000

3267 W Deer Hollow Road 3403, Park City

5 Beds 6 Baths 3,554 SqFt Residential MLS® # 12602883

$6,000,000

3267 W Deer Hollow Road 3202, Park City

3 Beds 4 Baths 2,421 SqFt Residential MLS® # 12602819

$14,445,000

3267 W Deer Hollow Road 4401, Park City

4 Beds 6 Baths 4,585 SqFt Residential MLS® # 12602746

$8,395,000

↑ $200,000

3267 W Deer Hollow Road 4205, Park City

4 Beds 5 Baths 3,202 SqFt Residential MLS® # 12602747

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