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: $3,331,649
Total Listings: 77
Avg. Days On Market: 144
Avg. Price/SQFT: $565
Highest Price: $12,500,000
Lowest Price: $1,345,000
Avg. Property Age: 5 YEARS
Basic Statistics (active listings)

Promontory Real Estate for Sale

Search: Promontory Homes | Promontory Land | Promontory Nightly Rentals | Park City Golf Communities

Promontory tends to be 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 or the Uinta Mountains. The Promontory areas offers several different types of homes and club memberships. 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”, tubing hill, ponds, shuttles to ski resorts and much more. 

 

Promontory

New
3117 Blue Sage Trail, Park City
  • Residential
  • 5 Beds
  • 7 Baths
  • 6,287 SqFt

3117 Blue Sage Trail, Park City

$5,125,000
New
8192 Western Sky, Park City
  • Residential
  • 3 Beds
  • 3 Baths
  • 2,377 SqFt

8192 Western Sky, Park City

$1,375,000
New
3309 Tatanka Trail, Park City
  • Residential
  • 4 Beds
  • 4 Baths
  • 4,396 SqFt

3309 Tatanka Trail, Park City

$2,595,000
New
8557 N Promontory Ridge Rd, Park City
  • Residential
  • 7 Beds
  • 9 Baths
  • 8,287 SqFt

8557 N Promontory Ridge Rd, Park City

$7,000,000
New
7518 Sage Meadow Dr, Park City
  • Residential
  • 5 Beds
  • 6 Baths
  • 5,594 SqFt

7518 Sage Meadow Dr, Park City

$2,800,000
3385 Central Pacific Trail, Park City
  • Residential
  • 5 Beds
  • 5 Baths
  • 6,057 SqFt

3385 Central Pacific Trail, Park City

$3,195,000
2142 E Canyon Gate, Park City
  • Residential
  • 4 Beds
  • 6 Baths
  • 4,666 SqFt

2142 E Canyon Gate, Park City

$2,295,000
3275 Signal Hill Court, Park City
  • Residential
  • 5 Beds
  • 7 Baths
  • 4,987 SqFt

3275 Signal Hill Court, Park City

$2,149,000
7958 N Sunrise Loop, Park City
  • Residential
  • 6 Beds
  • 8 Baths
  • 7,397 SqFt

7958 N Sunrise Loop, Park City

$8,250,000
4128 Aspen Camp Loop, Park City
  • Residential
  • 6 Beds
  • 8 Baths
  • 7,731 SqFt

4128 Aspen Camp Loop, Park City

$3,850,000
8050 N West Hills Trail, Park City
  • Residential
  • 5 Beds
  • 5 Baths
  • 7,522 SqFt

8050 N West Hills Trail, Park City

$3,600,000 ↓ $200,000
7832 N Promontory Ranch Rd, Park City
  • Residential
  • 6 Beds
  • 6 Baths
  • 5,781 SqFt

7832 N Promontory Ranch Rd, Park City

$3,000,000
8745 N Lookout Lane, Park City
  • Residential
  • 6 Beds
  • 9 Baths
  • 8,424 SqFt

8745 N Lookout Lane, Park City

$11,000,000
3102 Crosstie Court, Park City
  • Residential
  • 6 Beds
  • 7 Baths
  • 6,971 SqFt

3102 Crosstie Court, Park City

$4,749,000 ↓ $246,000
8435 N Ranch Garden Rd, Park City
  • Residential
  • 6 Beds
  • 8 Baths
  • 10,973 SqFt

8435 N Ranch Garden Rd, Park City

$7,000,000
9492 Dye Cabins Dr, Park City
  • Residential
  • 5 Beds
  • 5 Baths
  • 4,835 SqFt

9492 Dye Cabins Dr, Park City

$2,750,000 ↓ $100,000
8663 N Promontory Ranch Rd, Park City
  • Residential
  • 4 Beds
  • 6 Baths
  • 5,153 SqFt

8663 N Promontory Ranch Rd, Park City

$3,250,000
8907 Ranch Club Court, Park City
  • Residential
  • 4 Beds
  • 5 Baths
  • 4,142 SqFt

8907 Ranch Club Court, Park City

$1,897,000
3142 Crosstie Court, Park City
  • Residential
  • 6 Beds
  • 7 Baths
  • 6,556 SqFt

3142 Crosstie Court, Park City

$5,200,000
9207 Alice Court, Park City
  • Residential
  • 5 Beds
  • 6 Baths
  • 5,030 SqFt

9207 Alice Court, Park City

$2,500,000
9051 N Hidden Hill Loop, Park City
  • Residential
  • 4 Beds
  • 6 Baths
  • 4,951 SqFt

9051 N Hidden Hill Loop, Park City

$2,595,000
3724 Central Pacific Trail, Park City
  • Residential
  • 5 Beds
  • 9 Baths
  • 8,207 SqFt

3724 Central Pacific Trail, Park City

$4,375,000
3401 E Pete Dye Draw, Park City
  • Residential
  • 6 Beds
  • 7 Baths
  • 9,437 SqFt

3401 E Pete Dye Draw, Park City

$4,800,000 ↓ $200,000
7667 N Fire Ring Glade, Park City
  • Residential
  • 5 Beds
  • 8 Baths
  • 7,472 SqFt

7667 N Fire Ring Glade, Park City

$3,350,000 ↓ $100,000

 

Why Buy a Home in Promontory:

Promontory is 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 a high 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. 

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, Beach House, Outfitter's Cabin, 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. 

Distances from Promontory to:
     Canyons Village - 8.3 Miles
     Park City Mountain - 7.6 Miles
     Deer Valley Resort - 12.9 Miles
     Deer Valley's Jordanelle Express Gondola - 9.1 Miles
     Salt Lake International Airport - 34.7 Miles 

 

Information About Building 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 about Park City new construction

 

Important Items to Know When Buying Promontory Real Estate

Transfer Fee & Property Taxes

An 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 a 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 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. 

 

Promontory Real Estate Summary Statistics | 18' vs 19'

  19-May 18-May % Chg 2019 YTD 2018 YTD % Chg
Absorption Rate in Months 10.44 11.14 -6.28 10.98 11.67 -5.91
Average List Price $3,131,537 $2,858,108 9.57 $2,967,266 $2,731,797 8.62
Median List Price $2,400,000 $2,280,000 5.26 $2,382,500 $2,287,000 4.18
Average Sale Price $2,583,789 $2,295,667 12.55 $2,084,930 $2,289,806 -8.95
Median Sale Price $2,521,419 $2,269,500 11.1 $1,910,000 $2,080,000 -8.17
Average CDOM 46 158 -70.89 147 214 -31.31
Median CDOM 5 7 -28.57 44 134 -67.16


As of May 2019, the listing price is up in Promontory but the sales price is down. There are a number of factors that can sway the stats in the Park City real estate market because in May 2018 there were 6 homes that sold in Promontory but for 2019 there were four sales. An appropriately priced home below $3,000,000 will sell quickly. 

 

Connect with Derrik

Have Any Real Estate Questions You Want Answered?


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 © 2019 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 July 18th, 2019 at 1:13am MDT.

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