About This Page: All market data draws from Park City MLS records through early 2026 and reflects closed sales only. Montage Deer Valley has 117 closed transactions — the deepest comparable history of any Empire Pass building. Nightly rental participation varies by unit; the hotel rental program is opt-in and should be confirmed at the unit level. Active listings update in real time below.

Montage Deer Valley Residences at Empire Pass

Montage Deer Valley is a full-service hotel and private residence building at Empire Pass, Deer Valley Resort. The private residences occupy the upper floors of the building, with separate owner access and entry distinct from hotel operations. Residences range from 1-bedroom floor plans at 1,221 square feet to 5-bedroom penthouses at 7,047 square feet. The building was completed in 2010 and 2011. Park City MLS records document 117 closed transactions through early 2026, ranging from $1,632,000 to $18,000,000, with a median of $3,600,000.

Montage is the only hotel-branded, full-service condo hotel at Empire Pass and the only building in the cluster with an active hotel rental program. With 117 closed sales, it has the deepest comparable history of any Empire Pass building. The post-2020 PPSF median of $1,958 represents a 41.6% increase from the pre-2020 median of $1,383. The highest PPSF in building history was recorded in November 2025: Unit 984 at $3,049/sqft ($6,315,000, 2BR). The all-time highest sale is Unit 1182 at $18,000,000 (May 2023, 7,047 sqft, 5BR), which had previously sold in March 2012 for $8,250,000 — a 118% gain in 11 years.

At a Glance

Closed Sales (MLS)

117

Deepest history at Empire Pass

Price Range

$1.6M–$18M

Median $3,600,000 all years

Post-2020 PPSF

$1,958

Up from $1,383 pre-2020 (+41.6%)

Highest PPSF (2025)

$3,049/sqft

Unit 984, Nov 2025, $6.315M

Unit Size

1,221–7,047 sqft

1 to 5 bedrooms

Cash Rate

70%

82 of 117 closed sales

Building and Amenities

Montage Deer Valley is a ski-in/ski-out hotel and private residence building positioned slopeside at the top of Empire Pass. The private residences occupy the top six floors with separate owner access. Residences feature custom cabinetry, high-end appliances, and refined mountain finishes. Floor plans range from 1-bedroom configurations at 1,221 square feet to multi-level penthouses at 7,047 square feet with 1 to 5 bedrooms.

Owner amenities include a 35,000-square-foot spa, a fitness center, and six dining venues: Apex, Daly Pub & Rec, Yama Sushi, Vista Lounge, Buzz, and Burgers & Bourbon. A ski concierge provides valet service and on-site ski storage. Direct ski access is via the Ruby Express and Empire Express chairlifts.

Additional building features include a children's program (Paint Box, ages 5-12), event facilities for private gatherings, and year-round access to four-season mountain recreation. The building is approximately 5 minutes by car to Historic Main Street in Park City and approximately 45 minutes to Salt Lake City International Airport.

Pets are permitted on the property. The pet policy does not allow pets to be left unattended in residences or common areas. Buyers should confirm the current pet policy details with the HOA before closing.

Ski Access

Park City MLS records show Ski Into Project on 114 of 122 Montage records and Ski Out of Project on 115 of 122, indicating near-universal project-level ski access. Ski to Door appears on 19 records and Ski Out of Door on 22, reflecting unit-level access for a subset of residences. Ski Slope Named Trails appears on 69 records and Ski Easement Access on 17.

Given Montage's structure as a hotel with a ski concierge, the practical ski-in/ski-out experience is well-supported by the full-service operation regardless of whether a specific unit carries a Ski to Door designation. The building sits slopeside with direct access to the Ruby Express and Empire Express lifts. Buyers concerned with the technical distinction between project-level and unit-level access should verify the specific unit's designation through HOA documents during due diligence.

Rental Program

Montage Deer Valley operates a hotel rental program that owners may elect to join. This is an opt-in structure, not a building-wide mandatory program. Of 122 MLS records for Montage, 76 show nightly rental permitted, 1 shows nightly rental not permitted, and 45 do not populate the field. The 45 blank records are predominantly earlier transactions; the 1 record that explicitly shows N is a meaningful data point indicating at least one unit does not participate.

Owners who participate in the hotel rental program allow their residence to be rented through the hotel's booking infrastructure during periods they are not using the property. The program provides professional management, hotel-grade cleaning and maintenance standards, and access to Montage's reservation network. Owners who choose not to participate may manage rentals independently, subject to HOA and resort guidelines. A third option is no short-term rental activity at all.

Buyers considering Montage specifically for income generation should confirm the rental structure for the specific unit they are acquiring, including whether the unit is currently enrolled in the hotel program, what the revenue-sharing arrangement is, and whether the nightly rental designation is transferable to a new owner without HOA approval.

Market Data

Montage's 117-sale dataset is the deepest at Empire Pass and spans 2011 through 2025. The pre-2020 median PPSF of $1,383 across 90 sales reflected the initial absorption period (2011-2015 produced 67 closings) and a mid-cycle plateau. The post-2020 median of $1,958 across 27 sales shows a 41.6% increase. SP/LP averaged 0.920, meaning buyers have paid approximately 92 cents on the list dollar — the negotiating range has historically been meaningful at Montage compared to many other Empire Pass buildings.

Initial Absorption (2011–2015)

67 closings from 2011 through 2015 as Montage absorbed its inventory at delivery. Pre-2020 PPSF median was $1,383. The building opened strong — 14 closings in 2011 and 19 in 2015 were the two highest annual totals. Initial pricing ranged from $1,632,000 (1BR) to $8,250,000 (Unit 1182, 6,858 sqft, 4BR). The Penthouse PS2 sold for $8,000,000 in August 2011.

Mid-Cycle and Recovery (2016–2020)

Annual volume slowed from 2016 through 2020, averaging 5-6 closings per year. PPSF continued to appreciate. Unit 1082 sold for $5,218,400 in 2011, $6,299,000 in 2014, and $7,525,000 in 2019 — steady appreciation across 8 years. Unit 1162 went from $6,555,000 (2015) to $9,275,000 (2020), a 41% gain in 5 years. Post-2020 pricing effectively reset the floor.

Post-2020 Surge (27 closings)

Post-2020 PPSF median is $1,958. Unit 1052 sold for $8,800,000 in June 2021 ($2,015/sqft) after its 2014 sale at $6,150,000. Unit 1062 sold for $7,250,000 in March 2021 after a 2012 sale at $4,918,000. The $18,000,000 sale of Unit 1182 in May 2023 is the highest in building history. The 2024-2025 period has produced some of the highest PPSF figures: Unit 984 at $3,049/sqft (Nov 2025) and Unit 951 at $2,904/sqft (Dec 2024).

Notable Resales

Unit 1182: $8,250,000 (Mar 2012) to $18,000,000 (May 2023) — +118% in 11 years. Unit 984: $2,995,000 (Apr 2015) to $6,315,000 (Nov 2025) — +111% in 10 years, and the highest PPSF ($3,049) in Montage history. Unit 920: $3,600,000 (Jan 2014) to $6,500,000 (Jun 2023) — +81%. Unit 951: $2,700,000 (Nov 2015) to $5,450,000 (Dec 2024) — +102% in 9 years. 29 units have resold at least once through early 2026.

Ownership Details

The HOA covers a comprehensive package: amenities, cable TV, common area taxes, electricity, gas, insurance, high-speed internet, exterior maintenance, grounds maintenance, management, reserve fund, security, sewer, shuttle service, snow removal, telephone, and water. This is one of the more inclusive HOA coverage sets among Empire Pass buildings, reflecting the hotel-service model. Buyers should obtain a current HOA fee schedule and confirm the exact inclusions before closing, as these may change over time.

The buyer typically pays a transfer fee at closing applicable to Empire Pass properties. All Empire Pass properties also carry the Empire Pass Master HOA fee ($3,443 per year as of 2025). Cash rate across 117 closings is 70%, among the highest in the Empire Pass portfolio.

The SP/LP average of 0.920 across 117 closings indicates buyers have consistently negotiated meaningful discounts off list price. This has historically given buyers with strong market knowledge an informational advantage in structuring offers. It also means listing prices at Montage are typically set above where sellers expect to transact, and buyers should not anchor to list price as a starting point without comparable analysis.

Who Montage Fits

Who It Fits

  • Buyers who want hotel-level service as part of the building infrastructure — Montage is the only full-service hotel-branded condo at Empire Pass; no other building offers the same on-site dining, spa, ski concierge, and event infrastructure
  • Buyers who want the deepest comparable dataset in the market — 117 closed sales gives Montage more transaction history than any other Empire Pass building
  • Buyers who want the widest size range at Empire Pass — from 1-bedroom at 1,221 sqft to 5-bedroom penthouses at 7,047 sqft, Montage accommodates more buyer profiles than any other single building
  • Buyers who want the option to participate in a professionally managed rental program with hotel-grade operations and an established booking network
  • Buyers who want direct slopeside access to the Ruby Express and Empire Express lifts with full ski concierge service

Who It May Not Fit

  • Buyers who prefer a private owner-community without hotel operations, shared building access with transient hotel guests, or a managed rental program structure — Empire Residences, Arrowleaf, Flagstaff, or Argent offer that profile
  • Buyers who expect to negotiate close to list price — the all-time SP/LP average of 0.920 is a consistent pattern that reflects how Montage is listed and traded; buyers should build comparable analysis before making offers
  • Buyers who want guaranteed nightly rental on every unit — the hotel program is opt-in, 1 MLS record shows nightly rental not permitted, and rental structure must be confirmed at the unit level
  • Buyers who prioritize minimizing HOA fees — the hotel-service model produces higher HOA costs than most non-hotel buildings at Empire Pass

Questions About Montage Residences?

Derrik Carlson has tracked every Montage transaction in the Park City MLS and can walk through unit-by-unit pricing history, rental program structures, floor plan analysis, and how specific units compare within the building. Call 435.200.5478 or email Carlson@RealEstateInParkCity.com.

Call 435.200.5478 View Current Listings

View Montage Deer Valley MLS Listings for Sale

Frequently Asked Questions About Montage Deer Valley


Are Montage Deer Valley residences true ski-in/ski-out?

Yes. Montage Deer Valley has Ski Into Project on 114 of 122 MLS records and Ski Out of Project on 115 of 122. The building sits slopeside with direct access to the Ruby Express and Empire Express chairlifts. Ski to Door appears on 19 records and Ski Out of Door on 22, indicating unit-level door access for a subset of residences. The ski concierge provides valet service and equipment storage for all owners regardless of specific unit access designation. Confirm unit-level access through HOA documents during due diligence.

Can Montage owners rent their residence?

Owners may participate in the hotel rental program, manage rentals privately, or choose not to rent — depending on their unit's HOA designation. The hotel program is opt-in, not a building-wide mandate. Of 122 MLS records, 76 show nightly rental permitted and 1 shows not permitted. The rental structure and revenue-sharing arrangement for a specific unit should be confirmed with the HOA and the seller before closing. Do not assume nightly rental is transferable to a new owner without verification.

How often do Montage residences come on the market?

The annual volume has ranged from 2 closings (2022) to 19 closings (2015). In recent years, 2020 had 6 closings, 2021 had 9, 2023 had 4, 2024 had 4, and 2025 had 2 through early 2026. With 5 active listings currently, Montage has more visible inventory than most individual Empire Pass buildings. Buyers who want to be positioned ahead of what appears publicly should contact Derrik Carlson directly.

What are the price ranges for Montage Deer Valley residences?

MLS closed sales range from $1,632,000 to $18,000,000. The all-time median is $3,600,000. Pre-2020 PPSF median was $1,383 across 90 sales. Post-2020 PPSF median is $1,958 across 27 sales, a 41.6% increase. The highest Montage sale is Unit 1182 at $18,000,000 (May 2023, 7,047 sqft, 5BR). The highest PPSF is Unit 984 at $3,049/sqft (November 2025, $6,315,000, 2BR).

What does the Montage HOA cover?

The Montage HOA typically covers amenities, cable TV, common area taxes, electricity, gas, insurance, high-speed internet, exterior maintenance, grounds maintenance, management, reserve fund, security, sewer, shuttle service, snow removal, telephone, and water. This is one of the more comprehensive HOA packages at Empire Pass, reflecting the hotel-service model. Buyers should obtain a current HOA fee schedule and confirm the exact inclusions before closing, as these may change over time. All Empire Pass properties also carry the Empire Pass Master HOA fee ($3,443 per year as of 2025).

How does Montage differ from other Empire Pass condo buildings?

Montage is the only full-service hotel-branded residence at Empire Pass. No other building offers the combination of on-site spa, multiple dining venues, ski concierge, and hotel rental program infrastructure. It has by far the deepest comparable history with 117 closed sales, versus the next deepest (Arrowleaf at 130, which is a different building type). The size range ($1.6M to $18M, 1,221 to 7,047 sqft) is the widest in the Empire Pass condo cluster. Buyers who want private-owner community dynamics without hotel operations should evaluate Argent, Empire Residences, Flagstaff, or Arrowleaf instead. The Empire Pass condos page profiles all 11 buildings side by side.


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