Search the Finest Properties for Sale in Park City and Deer Valley
This page is designed to help buyers better understand the Park City luxury real estate market. So please, continue reading, and check out our pages on luxury homes or the finest condos for sale in Deer Valley and Park City.
Use the Overview Button to read about Park City Luxury Real Estate or jump to the MLS Listings.
What is a Park City Luxury Real Estate?
Luxury is a challenging term to define and is often misused. The dictionary defines luxury as "the state of great comfort and extravagant living." By that term, you could almost say every property in Park City is a luxury property. However, others believe that Luxury Real Estate is in the top 10% of the market - which I do not feel is correct. In Park City, Utah, I believe the luxury real estate market begins at $3,000,000.
If a property is for sale at or above $3million, the finishes should be acceptable for the most selective home or condo buyers. Therefore, I have created this page to show the finest properties in Park City, starting at the $3m price point.
Luxury Property Features in Park City, Utah
A luxury home or condo in Park City typically includes high-end interior finishes and professional-quality kitchen appliances, including Sub-Zero or Wolf. In addition, many condos will have hotel-like amenities such as concierge services, a fitness center, a large pool, and a spa.
If you're searching for a luxury ski property, it should be close to ski access or have direct access to Deer Valley Resort, Park City Mountain Resort, or The Canyons Village. If you're not as concerned about ski access, there will be luxury properties within the Aerie, Thaynes Canyon, Park Meadows, Sun Peak, Glenwild, Old Ranch Road, and Promontory Neighborhoods. Unless directly on the ski resorts, all of these properties should have fantastic views of the mountains of Utah. Check out our page on Park City Communities for more information on the neighborhoods of Park City.
Luxury Homes
Luxury homes are throughout Park City. Deer Valley Real Estate offers luxury homes for sale with and without ski access that is luxury. The newer homes will be in Deer Crest, Empire Pass, and Upper Deer Valley. Lower Deer Valley provides a wide array of luxury homes, but they will not have ski access.
Luxury homes for sale in Old Town will tend to be smaller than the rest of town and have a more vertical build - many of the homes will have elevators. If you're interested in Old Town but looking for a larger home and possibly better views, Aerie is the next best option. Moving away from historic Park City, the neighborhood, Park Meadows should provide excellent views while only being a few minutes from the ski resorts - giving you the options to choose between Deer Valley, Park City Mountain Resort, and The Canyons.
Thaynes Canyon is an alternative option for single-family homes on the other side of the road. Thaynes will provide views, some homes sit on small ponds, and it feels more in the trees than in the different areas discussed. If you travel just down the road for about two minutes, you will arrive at the gates of The Colony at White Pine Canyon. The Colony is one of the most luxurious neighborhoods in Park City and sits within the Canyons resort, where many homes have ski-in-ski-out access. When leaving The Colony, you can take a left down to the Old Ranch Road area.
Old Ranch Road real estate has some of the best views of the ski resorts, mainly The Canyons, but you can see up to Deer Valley. Many of the Old Ranch Road area homes will have preserved landboarding the property to ensure you'll always have your view - the views are incredible.
Luxury Condos
The most luxurious condos in Park City will be located around the ski resorts or in Old Town on Historic Main Street with nearby restaurants and shopping.
LIST OF THE BEST LUXURY CONDO HOTELS IN PARK CITY, UTAH
- Montage Deer Valley - The Montage is considered top of the line for condominiums in Empire Pass. They offer private ownership opportunities with residences ranging from one to four bedrooms. The size of these luxurious condominiums ranges from 1,221 to 6,858 square feet.
- St Regis Deer Valley - The first seven floors are luxury residences, and the majority are three bedrooms. The top four floors are 26 luxury residences of two to four bedrooms and tend to be larger. All privately owned St Regis properties have the option to be placed into the St. Regis rental management pool that offers Five Diamond standards.
- Stein Eriksen Residences - has 15 single-family homes and 39 condominiums within the state-of-the-art development. Stein Eriksen Residences ski access is via Deer Valley's Silver Dollar Ski Trail and Last Chance Run.
- Pendry Park City - The 152 luxury residences sold fully furnished with everything down to the silverware. Pendry is a ski-in-ski-out property with access to Canyons Village ski resort. Each property was designed to maximize the views and natural light.
- Waldorf Astoria - Waldorf Park City, was completed in 2009 with 105 residences that are studios to four bedrooms. All one, two, three, and four-bedrooms come with a washer and dryer.
QUICK STORY: I recently showed luxury homes to a client from Florida who had been on my site for several years. He noted that having "boots on the ground" and viewing property makes you understand that every neighborhood in Park City is about five to ten minutes from a ski resort or Main Street.
Park City Luxury Golf Homes
Homes in the golf communities of Park City are luxurious because they are gated communities that offer an incredible amount of amenities. Golf homes in Park City are extremely popular - I've built a page dedicated to Park City golf communities!
You'll want to focus on Promontory, Glenwild, Tuhaye, and Victory Ranch golf communities. My note on the golfing communities page is that Promontory is the most popular, I believe that Tuhaye has the most significant upside, and Victory Ranch may be the most fun.
About the Park City High-end Buyer
The Park City typical buyer has changed over the past several years. There was a time when people would come in and say they wanted to buy a property in Deer Valley or right in Old Town, but that has changed.
Over the past month, I have worked with four different Park City luxury home buyers that aren't set in one area. Two of the four were considering other regions of the country, but after a few days in Park City, they knew they would buy a home here. These buyers wanted to check out Promontory for the value and views but were also interested in properties in Deer Valley.
The areas of Park City can be very different from one another and are genuinely unique. I aim to ensure that you never say, "I wish I would have known about a specific neighborhood when you purchased a property in Park City." To find the best area of town for you, we can usually narrow it down to two or three communities within an afternoon. Then we can start digging into properties available on the Park City MLS. If you love an area with no homes for sale, I start searching for off-market properties.
Some sellers would like to sell in the luxury real estate market but don't necessarily want to put their homes on the market to have everyone walk through their homes. True Story: We have a home listed for a well-known client, and last week I received a notification in my email that there was a news story about "Park City Real Estate." A third party had somehow discovered that this gentleman decided to sell, and it became a news story. I've seen this several times recently with household names.
Realtor for Park City Luxury Real Estate
Are you searching for a Park City Luxury Realtor to consult and add valuable real estate insight? We represent luxury property buyers and sellers in the Park City, Utah area. View our "8 Important Tips When Buying Luxury Properties." We live, eat, and breathe Park City real estate. Our profession is real estate, and we take it very seriously when representing buyers and sellers. We guide our clients by doing what we'd do for ourselves in the same situation.
Mortgages for Park City Luxury Properties
For the past several years, luxury buyers in Park City have had access to inexpensive money when buying homes or condos. However, as mortgage interest rates increase, there are options for high-net-worth clients that a traditional buyer wouldn't be able to access.
As a luxury real estate agent in Park City, I always aim to add value! Therefore, I refer clients to mortgage brokers with access to loans that provide funds based on the individual's net worth rather than the property. I'll let the lender explain the options if we work together, but the key is that the buyer(s) have a net worth of over $10million.
