Promontory Park City Homes for Sale

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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 of 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 south-west or views of the Uinta Mountains to the east. 

The club offers a social membership, golf membership (full-membership), and equestrian membership.  A Promontory membership is not required when owning real estate in this fabulous Park City community but in order to use most of the amenities and all of the onsite dining options you will need to purchase a social or full-membership.  

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 home. 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. 

Search: Promontory Homes | Promontory Land | Promontory Nightly Rentals

Real Estate Update Promontory for 2020

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 here

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.  

Call Us to Discuss Promontory Real Estate

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 

Promontory Membership Facts (Sept 2020):

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 a little fun in the summer you can 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 Real Estate

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: $150,000 deposit - Annual Dues $13,200
  •   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.  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. 

Quick Story:  I recently represented a client from New Jersey in Promontory that originally searching for a Deer Valley property.  My job is to ensure you understand the market and your options when selecting a Park City property for sale.  They purchased a home that was unique and in need of some updates.  We were able to negotiate a great deal for her and during the due diligence process, we all met with a general contractor I recommended.  The buyers purchased the property and took possession 21 days later and the demo for a full-remodel started right after settlement.  As with several other of my clients, the buyers of this Promontory property will return to Park City with a fully remodeled home. With a well-qualified contractor and designer, we've been able to make the complicated process of a remodel simple.  

View Every Promontory Real Estate Listing for Sale

New
8298 N Promontory Ranch Rd, Park City
  • Residential
  • 6 Beds
  • 8 Baths
  • 9,394 SqFt

8298 N Promontory Ranch Rd, Park City

$8,200,000
New
7377 N Sage Meadow Court, Park City
  • Residential
  • 5 Beds
  • 6 Baths
  • 7,235 SqFt

7377 N Sage Meadow Court, Park City

$6,500,000
7687 N Promontory Ranch Rd, Park City
  • Residential
  • 5 Beds
  • 7 Baths
  • 8,915 SqFt

7687 N Promontory Ranch Rd, Park City

$8,750,000
8600 N Sunset Circle, Park City
  • Residential
  • 6 Beds
  • 6 Baths
  • 6,068 SqFt

8600 N Sunset Circle, Park City

$3,950,000
5847 Dakota Trail, Park City
  • Residential
  • 6 Beds
  • 7 Baths
  • 8,274 SqFt

5847 Dakota Trail, Park City

$6,000,000
8172 N Ranch Garden Rd, Park City
  • Residential
  • 4 Beds
  • 5 Baths
  • 6,121 SqFt

8172 N Ranch Garden Rd, Park City

$4,595,000 ↓ $200,000
3151 Saddleback Ridge Ridge, Park City
  • Residential
  • 5 Beds
  • 7 Baths
  • 6,299 SqFt

3151 Saddleback Ridge Ridge, Park City

$4,599,000
7670 N West Hills Trail, Park City
  • Residential
  • 6 Beds
  • 8 Baths
  • 7,518 SqFt

7670 N West Hills Trail, Park City

$6,995,000 ↓ $255,000
7560 N West Hills Trail, Park City
  • Residential
  • 5 Beds
  • 6 Baths
  • 5,892 SqFt

7560 N West Hills Trail, Park City

$5,350,000 ↑ $350,000
2656 E Silver Berry Court, Park City
  • Residential
  • 6 Beds
  • 8 Baths
  • 7,490 SqFt

2656 E Silver Berry Court, Park City

$5,475,000 ↓ $225,000
3795 E Rockport Ridge Rd, Park City
  • Residential
  • 5 Beds
  • 7 Baths
  • 7,116 SqFt

3795 E Rockport Ridge Rd, Park City

$7,000,000
3817 Aspen Camp Loop, Park City
  • Residential
  • 6 Beds
  • 7 Baths
  • 8,360 SqFt

3817 Aspen Camp Loop, Park City

$4,750,000
9004 N Promontory Ridge Dr, Park City
  • Residential
  • 5 Beds
  • 5 Baths
  • 6,445 SqFt

9004 N Promontory Ridge Dr, Park City

$6,400,000
7701 N West Hills Trail, Park City
  • Residential
  • 5 Beds
  • 7 Baths
  • 7,240 SqFt

7701 N West Hills Trail, Park City

$4,700,000 ↓ $250,000
3468 Blue Sage Trail, Park City
  • Residential
  • 5 Beds
  • 7 Baths
  • 7,077 SqFt

3468 Blue Sage Trail, Park City

$6,000,000
3757 Aspen Camp Loop, Park City
  • Residential
  • 5 Beds
  • 7 Baths
  • 7,800 SqFt

3757 Aspen Camp Loop, Park City

$4,850,000 ↑ $351,000

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.

Primary Residences Verses Non-Primary Residences of Promontory

Roughly 27% of homeowners in Promontory are primary residences.  These homeowners enjoy Park City for more than six months a year.  

Current Promontory Real Estate Statistics
Promontory Facts: Promontory is a 6,400-acre luxury real estate development that offers 24 unique neighborhoods in Park City, Utah. There are 1,674 home sites that offer views of the Park City ski resorts and 60% of the land is preserved for open space. Homes are built around two separate golf courses that were designed by Pete Dye and Jack Nicklaus. Promontory offers full memberships as well as social memberships. Below you can view every home and parcel of land for sale in Promontory.
Property Types (active listings)
Average Price: $5,882,125
Total Listings: 16
Avg. Days On Market: 46
Avg. Price/SQFT: $803
Highest Price: $8,750,000
Lowest Price: $3,950,000
Avg. Property Age: 7 YEARS
Basic Statistics (active listings)

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

 

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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?"

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

Park City Board of Realtors Logo The multiple listing information is provided by Park City Board of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2021 Park City Board of Realtors®, All Rights Reserved. Access to the multiple listing information through this website is made available by KW Park City Keller Williams as a member of the Park City Board of Realtors® multiple listing service. No other entity, including a brokerage firm or any franchisor, may be listed in place of the specific Listing Broker on the foregoing notice. Terms of Use

Listing information last updated on June 23rd, 2021 at 5:43am MDT.

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