Promontory Real Estate Guide

 

 

This page provides information about Promontory Real Estate.  We will show every listing in the Promontory area that is on the Park City MLS.  We also offer photos and information about the Promontory Club Membership and sales statistics from 2015 to the end of 2020.  

Promontory real estate for sale boasts mountain elegance and a luxury lifestyle with incredible amenities.  The Promontory Club is one of the most fluid luxury real estate markets in the Park City area. The development has spectacular views of the Park City ski resorts to the southwest or views of the Uinta Mountains to the east. 

The club offers three types of memberships:  social membership, golf membership (full membership), and equestrian membership.  

Club memberships are not required when owning real estate in this fabulous Park City community.  That being said, in order to use a majority of the amenities and all of the onsite dining options you will need to purchase golf or social membership options.  Social membership does not guarantee access to the Nicholas Club Restaurant during the busy season. 

Resale homes may have different types of memberships than the developer is currently offering which should be taken into consideration when considering the value of a promontory property for sale.

PROMONTORY TAKES PRIDE IN MAKING THE DEVELOPMENT'S MEMBERSHIP MULTI-GENERATIONAL BY INCLUDING TRAILS, DOG PARKS, WINE AND FOOD, EQUESTRIAN CENTER, “THE SHED”, INDOOR BASKETBALL COURT, TUBING HILL, FISHING POND, SHUTTLES TO SKI RESORTS, AND MUCH MORE.

The gates of Promontory are located eight miles away from Old Town Park City.  When you enter the luxury real estate development it feels quite large and extraordinarily grand.  As you find your way around the golf courses and other amenities you'll notice that the area starts to feel smaller, warmer to the heart, well planned, and even it will offer more of a charm. 

In Promontory you can have it all!  You'll have the big views, the best on-site amenities, the elbow room that you've always wanted in a luxury mountain home, and still close enough to Park City.  It's like living in the country but having the convenience of being in a city. 

Refine Your Search: Promontory Homes | Promontory Land

Real Estate Update Promontory for 2021

Promontory saw a large number of buyers relocating from Southern California, the New York tri-state area, Chicago, Texas, and the Bay Area. Real Estate sales more than doubled over 2019 – from $214 Million to $466 Million in 2020.  Check out our full market review hereWe have Promontory Home Sales Statistics: 2015 through 2020 at the bottom of this page

In 2021, the availability of the Promontory Golf Membership has become very important in terms of real estate.  In the first quarter of 2021, there are currently 45+ people on the waitlist for the golf membership.  Developer properties for sale will offer full-memberships (golf) but not all resells will have access to the membership.  Homes under construction may or may not have membership attached.  

Let's Talk Promontory Real Estate

Call me on my cell phone to discuss the benefits of working with me and a local Park City Realtor when buying Promontory homes for sale:  (435)200-5478. While Promontory is a great community there may be some other options that work well for you.  Our goal is to make sure you find the best fit so you'll enjoy living life on vacation and refer your friends and family to us.

Promontory Real Estate Facts:

  • Promontory Fishing Pond on 6400 acresSize of Promontory: 6,400 Acres
  • Open Space: 60%
  • Total Homes Sites: 1,674
  • Sold Home Sites: 1,056 (2020)
  • Number of Neighborhoods: 30+
  • 27% of homeowners in Promontory are primary residences.  These homeowners enjoy Park City formore than six months a year.  

Promontory Membership Facts (Sept 2020):

As of September 2020, there were 699 members within the gates of Promontory.  Which is approximately 531 golf members and 167 social members.  

  • Total Number of Members: 699
  • Full Members (Golf): 76%
  • Social Members: 24%

Why Would You Choose to Buy a Home in Promontory:

Promontory Real Estate ListingsPromontory is much more than a luxury golf community! The development was originally designed as a second home community for Park City but because of the lifestyle, it has proven to be a great option for primary residences. Promontory homeowners love the convenience of the area, amenities for multi-generations, panoramic views, golf, skiing, and exceptional quality of life. If you are looking to go off grounds for summer fun, you can quickly drive to the nearby Jordanelle Reservoir which allows for recreational boating and fishing. 

Did you know there are sections within this community that allow for short-term rentals? 

Small areas such as the cabins or villas allow homeowners to offset some of the cost of ownership by allowing nightly rentals through the Promontory management program. 

Promontory Amenities: Dye Canyon Golf Course, Nicklaus Painted Valley Golf Course, Ranch Clubhouse and Fitness Spa, Alpine Lodge at Deer Valley, Shed Clubhouse, Kid's Cabin, The Beach (photo below), Equestrian Center, Mountain Garden Park & Boat House, Golf House, The Hub, PC Lodge at Park City Mountain Resort, and 140,000 square feet of finished clubhouse space. 

The onsite Outfitter's Cabin will allow you easy access to fly fishing, kayaking, mountain biking, water skiing, and almost any outdoor activity you enjoy. The Promontory Club has a shuttle that will provide ski access to their ski lodges at Park City Mountain Resort and Deer Valley Resort. 

Information About Building a Home in Promontory:

Promontory has been the top area in Park City for new construction with approximately forty to sixty homes under construction at all times. With 1,674 total homesites and over 1,000 homesites sold, Promontory is one of the few areas in Park City that offers land for sale with great unobstructed views. When building your home you are allowed to choose any builder or architect but I would suggest you go with a local architect that is familiar with the design guidelines. 

Reach out to me for the design guidelines, CC&Rs, and construction regulations as they are available upon request. I can also suggest great builders and architects that are familiar with Promontory. Do you love newly built homes in Park City? View our page on Park City Builder Services Program

Important Items to Know When Buying Promontory Property

Transfer Fee & Property Taxes

Promontory Amenities - Tubing HIllAn item that is not often mentioned when searching for properties in Promontory is that there is a 1% transfer fee on homes and land when buying real estate in Promontory. Typically the buyer pays the transfer fee but it's possible that the seller would be willing to pay the transfer fee. 

Another item to note is that there are some smaller cabin-type products that will not allow for a primary residence tax rate. In order to get the density that was required for the particular neighborhoods, it was ensured that they would always be taxed at a second homeowner rate which is close to 1.1% of the assessed value. The other unique thing about the "cabin" product is that they are the only homes that owners can rent on a short-term basis.  

For more information on MLS Listings in Promontory contact me.  I can provide you with Promontory real estate information such as the history of past property sales which includes dates and prices. I have a catalog with HOA documents, subdivision maps, design guidelines, and much more information on homes and condos in Park City, Utah. 

What are the fees to Join The Promontory Club? 

The Beach at PromontoryBelow you will find the HOA fees and dues to join the Promontory social membership, golf club, and equestrian membership. 

The HOA dues for Promontory are $3,000 annually but other memberships include: Updated (9/9/2020)

  •   Social Membership: $75,000 deposit - Annual Dues $9,600
  •   Golf Club Membership: $200,000 deposit - Annual Dues $13,200 (Updated 9/1/21)
  •   Equestrian Membership: $35,000 is $15,000 (in addition to Social or Full) $4,200

What I Love About Promontory Real Estate

As I mentioned at the opening of this page, Promontory truly grows on you as you spend more time in the community and becomes easier to navigate.  When I first started selling real estate in Park City in 2012 Promontory felt large and it was known as one of the golf course communities in the area.  While Promontory is built around golf they have transformed the community by adding additional landscaping, tubing hills, bowling alleys, they even added a beach in the mountains.  

I love that this luxury real estate community can work for different types of people.  The views from every direction make it known that you are in the mountains of Utah.  If you want to go snowmobiling, mountain biking, or just a stroll through the trails on the property - it's easy.  Getting to the slopes is simple and this is a community in Park City that you can essentially just move in, meet friends, and have fun!

If you're considering buying or selling real estate in Promontory I can help by providing professional representation and services.  In Utah, the seller offers the buyer's broker a commission which means my services are paid by the seller or developer at no additional costs to you.  I would love to represent you and offer guidance throughout the buying or selling process. 

Have you tried our advanced Park City MLS search?  You can easily search & filter properties by neighborhood, price, amenities, ski access, and more to find exactly what you're looking for in a Park City Property.

View Our Promontory Real Estate Video

Several years ago I did a video about Promontory real estate information.  While I go over nine different things of Promontory that you may or may not know.  One thing I found out by doing these videos is that I'm better behind the keyboard than I am in front of the camera.  


 

 

Promontory's Newest Luxury Neighborhoods:

Pinnacle at Promontory | Land for Sale, Custom Homes, & Easy Builds

Located within a separate gated community within Promontory, Pinnace is comprised of sixty-four parcels of land.  The 143 acres offer panoramic views of the mountains of Park City with a private clubhouse specifically for the neighborhood.   

This community is surrounded by holes 10 - 18 of the Pete Dye course and allows for an owner to have the Builders of Promontory build a home with minor floor plan changes or a custom build.  

Elk Ridge Heights | New home Subdivision

This Promontory neighborhood with developed with custom homesites in mind.  Elk Ridge Heights provides the opportunity to build on 17 homesites overlooking the Pete Dye Canyon Course.  The size of lots ranges from 1.2 to 2.6 acres.  

Promontory Home Sales Statistics: 2015 through 2020

Below are the sales stats for Promontory single-family homes from 2015 to the end of 2020.  With the number of home sales up 75.9% in 2020, there was upward pressure on pricing which increased the median-priced home by 9.9%.  The average price per square foot was $522 for the year and 38% of the homes sold between $2million and $2.99million.  The average days on market were down by 39.1% to 56 days. 

Year # of Sale Median Price
2020 139 $2,454,794
2019 79 $2,233,472
2018 68 $2,080,000
2017 79 $1,725,000
2016 66 $2,009,325
2015 60 $1,669,500

Comparing Promontory to Other Park City Golf Properties

The Park City area offers several different resort-type real estate communities that provide golf and other amenities. 

Glenwild real estate offers a community of around 200 parcels and is focused on pure golf without many other amenities. 

Tuhaye is similar to Promontory in terms of amenities but about half the size of Promontory.  The course overs Jordanelle Reservoir was designed by Mark O'Meara.  Tuhaye also offers a great tie-in for skiing in the Empire Pass area of Deer Valley. 

Lastly, the Victory Ranch golf course community offers real estate with more of a western ranch-type feel and backcountry access.  VR is roughly 1/4 of the size of Promontory where you can golf, fish, or ride an ATV on site. 

Thinking about building a home in the Promontory neighborhood of Park City, Utah? Take a look at a recent article I wrote about "What Size of Home Can I Build in Promontory?"

View Every Promontory Real Estate Listing for Sale

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6704 Painted Valley Pass, Park City

$6,985,000

6704 Painted Valley Pass, Park City

5 Beds 7 Baths 7,267 SqFt Residential MLS® # 12103707
3537 E Wapiti Canyon Rd, Park City

$6,600,000

3537 E Wapiti Canyon Rd, Park City

4 Beds 6 Baths 6,050 SqFt Residential MLS® # 12103681
6550 Painted Valley Pass, Park City

$3,925,000

↑ $25,000

6550 Painted Valley Pass, Park City

5 Beds 4 Baths 4,653 SqFt Residential MLS® # 12103679
2344 Nighthawk Circle, Park City

$3,750,000

2344 Nighthawk Circle, Park City

5 Beds 7 Baths 6,042 SqFt Residential MLS® # 12103668
2586 Julia Court, Park City

$6,950,000

2586 Julia Court, Park City

5 Beds 7 Baths 6,223 SqFt Residential MLS® # 12103666
3194 E Antler Court, Park City

$6,650,000

3194 E Antler Court, Park City

5 Beds 7 Baths 7,493 SqFt Residential MLS® # 12103648
9147 Alice Court, Park City

$4,300,000

9147 Alice Court, Park City

4 Beds 4 Baths 4,461 SqFt Residential MLS® # 12103645
3172 Wapiti Canyon Rd, Park City

$6,000,000

3172 Wapiti Canyon Rd, Park City

4 Beds 6 Baths 6,050 SqFt Residential MLS® # 12103489
3204 Wapiti Canyon Rd, Park City

$7,000,000

3204 Wapiti Canyon Rd, Park City

5 Beds 7 Baths 7,500 SqFt Residential MLS® # 12103487
8710 N Promontory Ridge, Park City

$10,400,000

8710 N Promontory Ridge, Park City

6 Beds 9 Baths 9,965 SqFt Residential MLS® # 12103414
7721 N West Hills Trail, Park City

$5,985,000

7721 N West Hills Trail, Park City

5 Beds 7 Baths 7,493 SqFt Residential MLS® # 12103371
5886 Cobalt Circle, Park City

$2,870,000

↑ $100,000

5886 Cobalt Circle, Park City

3 Beds 4 Baths 2,650 SqFt Residential MLS® # 12103149
5856 Cobalt Circle, Park City

$2,820,000

↑ $100,000

5856 Cobalt Circle, Park City

4 Beds 4 Baths 2,796 SqFt Residential MLS® # 12103124
5874 Cobalt Circle, Park City

$3,100,000

↑ $100,000

5874 Cobalt Circle, Park City

4 Beds 4 Baths 2,796 SqFt Residential MLS® # 12103113
6364 Double Deer Loop, Park City

$2,400,000

6364 Double Deer Loop, Park City

2 Beds 3 Baths 1,880 SqFt Residential MLS® # 12103094
6358 Double Deer Loop, Park City

$2,400,000

6358 Double Deer Loop, Park City

2 Beds 3 Baths 1,880 SqFt Residential MLS® # 12103090
6354 Double Deer Loop, Park City

$2,400,000

6354 Double Deer Loop, Park City

2 Beds 3 Baths 1,880 SqFt Residential MLS® # 12103073
6350 Double Deer Loop, Park City

$2,400,000

6350 Double Deer Loop, Park City

2 Beds 3 Baths 1,880 SqFt Residential MLS® # 12103066
6342 Double Deer Loop, Park City

$2,300,000

6342 Double Deer Loop, Park City

2 Beds 3 Baths 1,880 SqFt Residential MLS® # 12103065
6334 Double Deer Loop, Park City

$2,300,000

6334 Double Deer Loop, Park City

2 Beds 3 Baths 1,880 SqFt Residential MLS® # 12103064
2718 E Bitter Brush Dr, Park City

$2,950,000

2718 E Bitter Brush Dr, Park City

4 Beds 6 Baths 4,014 SqFt Residential MLS® # 12103025
7971 N Westhills Trail, Park City

$9,700,000

7971 N Westhills Trail, Park City

6 Beds 9 Baths 12,340 SqFt Residential MLS® # 12102648
3902 Aspen Camp Loop, Park City

$6,750,000

3902 Aspen Camp Loop, Park City

6 Beds 8 Baths 7,336 SqFt Residential MLS® # 12102646
9272 Dye Cabins Dr, Park City

$3,650,000

↑ $10,000

9272 Dye Cabins Dr, Park City

5 Beds 6 Baths 5,000 SqFt Residential MLS® # 12102537

Let's Talk Real Estate In Park City

Our team is dedicated to putting our experiences and local knowledge to work for you in all steps of your real estate transaction, from start to finish. Find out why Derrik Carlson Real Estate is one of the most respected teams for buying and selling in Park City.

We look forward to speaking with you.

*Editor's Note: The most recent update to this page was made on 9/9/21