Park City Ultra-Luxury Real Estate: $10M+ Homes and Estates for Sale
Park City, Utah is home to one of the most active $10 million-plus real estate markets in the Mountain West. Over the past five years, 139 properties have closed above $10 million through the Park City MLS, representing nearly $2 billion in total volume. The median sale in this segment is $13.1 million. The highest recorded transaction: $39.6 million for a ski-in/ski-out estate in The Colony at White Pine Canyon.
Those numbers reflect only MLS-reported transactions. A meaningful share of Park City's $10M+ inventory trades privately or with undisclosed pricing. The actual volume in this segment exceeds the public record, and access to off-market opportunities is one of the defining advantages of working with an agent who consistently operates at this level.
Buyers above $10 million typically choose among ski-in/ski-out estates, gated mountain communities, private golf club properties, and large-acreage holdings. What they share is a focus on privacy, access, and assets that hold long-term value in a supply-constrained market. This page provides current $10M+ listings and submarket context to help buyers and sellers make informed decisions at this level.
This page is maintained by Derrik Carlson (435.200.5478), Resort Real Estate Advisor at KW Park City Keller Williams Real Estate. Derrik has personally represented buyers and sellers on $10M+ transactions in Deer Valley, Canyons Village, and multiple golf communities. He holds the CLHMS designation from the Institute for Luxury Home Marketing. For luxury properties below the $10M threshold, see Park City luxury homes for sale.
On This Page
Market at a Glance | Deer Valley | The Colony | How Buyers Narrow the Field | Golf Communities | Old Ranch Road | Wolf Creek Ranch | Why Park City | FAQ | Current Listings
139
Closed Sales $10M+
$1.96B
Total Closed Volume
$13.1M
Median Sale Price
$39.6M
Highest Recorded Sale
Market Detail
MLS-reported closed sales above $10 million (2020 to present). Actual volume is higher due to private and undisclosed transactions.
Price range: $10 million to $39.6 million. Most active band: $10M to $15M. 128 detached homes, 10 condos/residences.
Top communities: The Colony (36 sales), Empire Pass (21), Deer Crest (14), Promontory (13), Upper Deer Valley (13), Old Ranch Road (8).
2025 pace: 46 closed sales, $656 million in volume. The most active year on record for this segment.
Ultra-Luxury Real Estate in Deer Valley
Deer Valley Resort is the most consistent source of $10M+ activity in Park City, Utah. Across Deer Crest, Empire Pass, Upper Deer Valley, and the Deer Valley Expansion, 49 properties have sold above $10 million in recent years. The resort's skier-only policy, limited density, and grooming standards contribute to stable demand at the upper end. For the latest data, see the Deer Valley real estate market update.
Deer Crest
14 sales | Median $13.6M | Gated, ski-to-door, Jordanelle views
Empire Pass
21 sales | Median $14M | Highest median, most supply-constrained
Upper Deer Valley
13 sales | Median $11.75M | Bald Eagle Club, Silver Lake Village
DV Expansion
1 sale at $18.4M | Marcella, Grand Hyatt, Four Seasons, Waldorf
Deer Crest
Deer Crest is a gated community with true ski-in/ski-out access to Deer Valley runs and views of the Jordanelle Reservoir. Fourteen properties have sold above $10 million here, with a median of $13.6 million. Deer Crest Estates accounts for 9 of those sales. St. Regis Deer Crest and Founders Place round out the inventory. Most residences feature private wellness spaces, heated outdoor living, and integrated ski infrastructure.
Drawback: Deer Crest sits on the northeast side of Deer Valley. Drive time to Main Street is longer than from Upper or Lower Deer Valley, and the price floor is the highest of any sub-area in the resort.
Empire Pass
Empire Pass has produced 21 sales above $10 million, with a median of $14 million, the highest median of any Park City submarket above $10M. Key sales have occurred in Moonshadow (6), Nakoma (4), Red Cloud (4), and The Residences at the Tower (2). The top sale: $23.5 million for a Red Cloud estate. Inventory turnover is low, making qualified opportunities infrequent and competitive. Many Empire Pass owners hold for 10 or more years.
Drawback: Empire Pass is the most remote Deer Valley neighborhood by road. Winter access requires more time, and the elevation means shorter shoulder seasons.
Upper Deer Valley and Bald Eagle Club
Upper Deer Valley has produced 13 sales above $10 million, with a median of $11.75 million. Bald Eagle Club accounts for 5 of those, offering gated access, elevated building sites, and ski connectivity to Silver Lake Village. Bald Eagle does not permit rentals, which appeals to buyers who prioritize privacy and controlled community density. Other $10M+ product in this zone include Stein Eriksen Residences (3 sales), Evergreen (2), and American Flag (2).
Deer Valley Expansion and Marcella
The Deer Valley Expansion along the Mayflower Mountain corridor is the newest ultra-luxury zone in the Park City market. Marcella established itself as a $20M+ development with its first completed home closing at approximately $18.4 million. This corridor also includes branded residences from Grand Hyatt (open), Four Seasons (under construction), and Waldorf Astoria, as well as additional custom home parcels with direct ski access.
Drawback: This corridor is in early-phase development. Resale comparables are limited, and long-term community norms, HOA structures, and transfer fee policies are still being finalized. Buyers here are making a forward-looking commitment with meaningful upside potential but less historical data to anchor valuation.
For questions about any Deer Valley property above $10 million, contact Derrik Carlson at 435.200.5478 or Carlson@RealEstateInParkCity.com.
The Colony at White Pine Canyon
The Colony is the single most active community in the $10M+ segment, with 36 closed sales. That is more than any Deer Valley sub-area, more than all golf communities combined, and more than a quarter of all ultra-luxury transactions in the Park City MLS. The top sale: $39.6 million. Median Colony sale above $10M: $13.5 million.
What drives it: The Colony is a gated ski-in/ski-out community above Canyons Village with lots averaging 8 acres, mature pine corridors, and roughly 90% of the community protected as permanent open space. It is the only Park City ski community that accommodates snowboarders on-mountain. The combination of scale, privacy, and direct resort access is rare in any North American ski market.
Homes are custom-built on multi-acre parcels with private ski corridors, expanded setbacks, and substantial view protection. Many estates are positioned to avoid direct visual overlap with neighboring properties, a detail that matters at this level. The Colony continues to attract both primary and secondary owners, and its consistent listing activity, strong buyer demand, and limited replacement inventory make it one of the most reliable ultra-luxury submarkets in Park City.
Drawback: Colony rental restrictions (28-day minimums or, in most cases, no nightly rentals) limit income potential for absentee owners. Annual carrying costs for a Colony estate, including HOA, property management, and the drive from Main Street or Deer Valley, are all worth factoring in.
How Ultra-Luxury Buyers Typically Narrow the Field
Most $10M+ buyers in Park City, Utah are not choosing between 139 properties. They are choosing between categories. The decision usually comes down to the kind of ownership experience they want, and each category below optimizes for a different aspect.
Ski Access + Resort Prestige
Where: Deer Crest, Empire Pass, Upper Deer Valley
Why: Direct ski-in/ski-out access to Deer Valley Resort. Skier-only mountain. Highest per-square-foot values. Strongest long-term appreciation history in the market.
Trade-off: Smaller lots than Colony or ranch product. Higher price per square foot. Remote access in winter (Empire Pass).
Fits: Buyers whose primary driver is ski access, resort identity, and asset preservation.
Acreage + Ski Access + Privacy
Where: The Colony at White Pine Canyon
Why: 8-acre average lots. Ski-in/ski-out to the largest resort in the U.S. by acreage. 90% permanent open space. Snowboard access. 36 sales above $10M, the most of any single community.
Trade-off: Rental restrictions. Higher annual carrying costs. Further from Main Street and Deer Valley base areas.
Fits: Buyers who want scale, privacy, and ski access in the same property, and are willing to forgo nightly rental income.
Club Lifestyle + Controlled Development
Where: Promontory, Glenwild, Tuhaye, Red Ledges
Why: Championship golf, architectural controls, gated security, and year-round club programming. Stronger appeal for extended-stay and primary-residence ownership.
Trade-off: Not ski-in/ski-out (ski shuttle at Promontory and Tuhaye). Club dues and membership commitments. Drive to resort base areas.
Fits: Buyers who prioritize lifestyle infrastructure, controlled density, and a community built around golf and year-round activity rather than ski access alone.
Land + Proximity + No Club Obligation
Where: Old Ranch Road
Why: Large flat parcels (avg 6.3 acres, up to 11+ acres). Equestrian zoning. Direct access to Park City amenities. No club membership required. No transfer fees. 8 sales above $10M.
Trade-off: No ski access. No resort amenities. Fewer community controls, which means less architectural consistency.
Fits: Buyers who want land, horses, and proximity, and prefer to own without club obligations or resort-community structure.
Legacy Land + Wilderness Privacy
Where: Wolf Creek Ranch, large-acreage holdings
Why: Parcels averaging 138 acres, up to 272 acres. Backcountry trail access. Genuine seclusion. Land preservation and legacy ownership.
Trade-off: 30 to 45 minutes from Park City core. No resort or club amenities. Seasonal access considerations.
Fits: Buyers who want a private mountain estate measured in hundreds of acres, not a resort home measured in square feet.
New Construction + Future Upside
Where: Deer Valley Expansion / Marcella
Why: New ski-access terrain. Branded hotel residences (Grand Hyatt, Four Seasons, Waldorf Astoria). Custom parcels. First completed sale: $18.4M.
Trade-off: Early-phase development. Limited resale history. Community norms still being established.
Fits: Buyers who want to acquire early in a new Deer Valley corridor before pricing and demand mature.
Premier Golf Communities
Park City's private golf communities appeal to buyers who want controlled development, private club access, and ownership stability alongside their mountain lifestyle. At the $10M+ level, these communities have produced 22 combined sales. For detailed comparisons across all price ranges, visit Park City golf communities.
Promontory
13 sales | Strongest resale volume | 7,200 acres, two championship courses
Glenwild
4 sales | Avg 17.5-acre lots | Closest golf community to I-80
Tuhaye
4 sales | DV Expansion adjacent | Talisker Club access
Red Ledges
1 sale at $14.6M | Heber Valley | Nicklaus Signature course
Promontory: Strongest Ultra-Luxury Volume Among Golf Communities
Promontory leads all golf communities with 13 sales above $10 million, a median of $11.25 million, and average home sizes of ~10,100 SF on ~2-acre parcels. The community spans more than 7,200 acres with Pete Dye and Jack Nicklaus championship golf courses, equestrian facilities, ski shuttles, and extensive year-round programming. Promontory Ridge is the premium enclave, accounting for 6 of those $10M+ sales.
Promontory supports both primary and secondary ownership and is the most versatile luxury community in the Park City area. Its size means buyers can choose among custom estates, golf-view homes, and cabin-style residences while maintaining access to the club's centralized amenities.
Drawback: Promontory is a 20-minute drive from Park City's ski resorts. The community is large enough that some neighborhoods feel distant from the main club facilities.
Glenwild: Largest Lots, Strongest Proximity to I-80
Glenwild has produced 4 sales above $10 million, including 2 in The Preserve. What sets Glenwild apart at the ultra-luxury level is lot size: parcels average 17.5 acres, significantly larger than Promontory, Tuhaye, or Red Ledges at this price point. The Tom Fazio-designed course, strict architectural standards, and low development density create an environment closer to a private estate compound than a typical golf community.
Glenwild sits close to Kimball Junction and Interstate 80, offering some of the easiest access to Salt Lake City of any luxury community in the market. For buyers who travel frequently and want to minimize drive time from the airport while maintaining large-lot privacy, Glenwild is worth evaluating.
Tuhaye: Deer Valley Expansion Proximity + Talisker Club
Tuhaye has produced 4 sales above $10 million, ranging from $10.7 million to $11.5 million. The community overlooks the Jordanelle Reservoir and sits directly adjacent to the Deer Valley Expansion corridor. Talisker Club membership provides access to private dining, golf, and ski amenities across multiple locations throughout the region.
Tuhaye's positioning near emerging resort infrastructure gives it a strategic advantage that other golf communities do not share. As the Deer Valley Expansion matures, Tuhaye's proximity to new ski terrain and branded hotel product may support stronger long-term appreciation. Average lot size is ~2 acres with custom homes averaging ~8,170 SF.
Red Ledges: Heber Valley Scale, Newer Construction
Red Ledges in Heber Valley has produced 1 sale above $10 million at $14.6 million for a 20,900 SF estate on ~2.2 acres. The community features a Jack Nicklaus Signature Golf Course, elevated building sites, and wider lot setbacks than most Park City golf neighborhoods.
Red Ledges' appeal at the ultra-luxury level lies in newer construction, larger homes, and a more relaxed development pace than communities closer to Park City's core. Its location in Heber Valley provides convenient access to Deer Valley, the Heber Valley airport corridor, and the broader Wasatch Back without Park City's density.
Old Ranch Road Estate Properties
Old Ranch Road has produced 8 sales above $10 million, with a median of $12.5 million. Parcels average 6.3 acres (up to 11.4 acres) with average home sizes of ~8,470 SF. Key sales have occurred in Two Creeks (3), Quarry Mountain Ranch (1), and several other estate subdivisions along this corridor.
Old Ranch Road occupies a unique position in the $10M+ market. It offers flat, usable acreage with equestrian zoning and no club membership requirement. There are no transfer fees, no mandatory amenity dues, and no architectural review board in most subdivisions. Properties here support custom estate development with barns, guest residences, caretaker quarters, and extensive outdoor infrastructure.
The location matters: Old Ranch Road provides direct access to Park City's core amenities, including grocery stores, schools, restaurants, and medical facilities, all within a 5- to 10-minute drive. For buyers who want land and proximity without the structure of a resort or club community, this corridor is one of the few options in the market that delivers both.
Drawback: No ski access, no resort amenities, and fewer community controls, resulting in less architectural consistency among neighboring properties. Buyers who value curated community environments may find the variability less appealing than a gated development.
Wolf Creek Ranch
Wolf Creek Ranch has produced 3 sales above $10 million, with additional large-acreage transactions in the surrounding Woodland and Francis corridor bringing the area total to 6. Parcels average 138 acres, with the largest sale encompassing nearly 272 acres. Average home size is ~12,930 SF.
Wolf Creek operates in a different category from everything else on this page. These are not resort homes or club properties. They are private mountain estates with extensive trail networks, wildlife corridors, and direct access to the Uinta backcountry. The community enforces conservation easements and low-density development standards, ensuring that the character of the land is preserved for future generations.
For buyers who measure property in sections rather than lots, who want genuine seclusion 30 to 45 minutes from Park City, and who think of ownership in terms of land stewardship and legacy, Wolf Creek Ranch is worth the conversation. It is not for everyone, but for the right buyer, there is nothing else comparable in the Park City market.
Why Buyers Choose Park City for $10M+ Ownership
Park City benefits from geographic constraints, strict zoning, and proximity to Salt Lake City International Airport (30 to 45 minutes depending on location). These factors support value stability and reduce speculative development risk. The confirmed 2034 Winter Olympics, with events at Utah Olympic Park, Park City Mountain Resort, and Deer Valley, add a long-term demand catalyst that few comparable markets can match.
Unlike many resort markets, Park City maintains year-round owner occupancy, institutional buyer interest, and consistent transaction volume at the upper end. Properties priced above $10 million tend to hold their value better during corrections due to supply constraints and the long-term ownership profiles typical of this segment. Utah's tax structure (no estate tax, favorable income tax rates) is an additional factor for buyers comparing Park City against resort markets in other states. For a broader market context, see the Park City real estate market report.
Working with Derrik Carlson on Ultra-Luxury Transactions
A meaningful share of Park City's $10M+ inventory trades privately. Derrik Carlson has represented buyers and sellers on ultra-luxury transactions in Deer Crest, Empire Pass, The Colony, Promontory, and other communities that regularly trade above $10 million. He brings nearly 20 years of Park City market experience, the CLHMS designation from the Institute for Luxury Home Marketing, and a practical understanding of how access type, club memberships, transfer fees, and tax structure affect total ownership cost at this level. Whether you are acquiring, selling, or evaluating what the $10M+ market looks like today, the conversation is worth having. Call 435.200.5478 or email Carlson@RealEstateInParkCity.com.
Frequently Asked Questions About Park City Ultra-Luxury Real Estate
What is the price range for ultra-luxury homes in Park City?
Based on closed MLS sales, ultra-luxury properties in Park City, Utah, have traded from $10 million to $39.6 million. The median above $10 million is $13.1 million. The most active price band is $10 million to $15 million, which accounts for the majority of transactions. Additional private and off-market transactions occur above these levels but are not reflected in MLS reporting.
Where are the most expensive homes in Park City?
The Colony at White Pine Canyon has produced the highest individual sale ($39.6 million) and the most $10M+ transactions (36). Empire Pass in Deer Valley has produced sales up to $23.5 million. Deer Crest has reached $19.6 million. Marcella in the Deer Valley Expansion closed its first home at $18.4 million. Old Ranch Road, Promontory, and Glenwild have also produced sales above $15 million.
How much of the $10M+ market trades privately?
A meaningful share. Ultra-luxury transactions in Park City frequently involve off-market listings, private showings, and undisclosed pricing. The 139 closed sales reflected on this page represent MLS-reported transactions only. Buyers working with an agent who is active at this level consistently will have access to opportunities that never appear on public listing platforms.
Are ultra-luxury properties in Park City a good investment?
Properties priced above $10 million in Park City tend to hold their value well during corrections due to supply constraints, long-term ownership profiles, and limited developable land. The confirmed 2034 Winter Olympics and Deer Valley's terrain expansion support long-term demand. However, annual carrying costs at this level (property taxes, HOA, club dues, property management, insurance) are substantial and should be modeled carefully before acquisition.
Can $10M+ homes in Park City be rented short-term?
Rental eligibility varies by community. Many Deer Valley properties allow nightly rentals with varying minimum-stay requirements. The Colony generally restricts to 28-day minimums or prohibits nightly rentals. Bald Eagle Club does not permit rentals. Promontory, Glenwild, and most golf communities have their own restrictions. Rental rules, licensing requirements, and HOA policies are verified on every property before an offer is submitted.
How does the 2034 Winter Olympics affect Park City property values?
Salt Lake City and Park City were awarded the 2034 Winter Olympics on July 24, 2024. Park City is a confirmed venue. The 2002 Olympics established Park City as an international destination and contributed to sustained appreciation over the following decade. The 2034 Games are expected to bring comparable global attention, particularly to ski-access properties and communities with direct resort connectivity.
What is the Deer Valley Expansion and how does it affect ultra-luxury?
Deer Valley has expanded east toward the Jordanelle Reservoir, adding over 3,200 acres of skiable terrain. New branded residences from Grand Hyatt, Four Seasons, Waldorf Astoria, and Marcella are creating a new ultra-luxury zone. Marcella's first completed home closed at approximately $18.4 million. This corridor is the only area in Park City, Utah where new $10M+ ski-access land remains available at scale.
Do I need a buyer's agent for a $10M+ purchase in Park City?
Yes. On-site sales teams at new developments represent the developer. For resale properties, independent representation matters because the variables that affect value at this level (access classification, club membership transfer costs, HOA structure, transfer fees, tax rate classification, and off-market availability) require verification and negotiation that listing agents do not provide on the buyer's behalf. A significant share of $10M+ inventory trades privately, making agent access and relationships particularly valuable. For more on the buying process, see buying a home or condo in Park City.
For a confidential conversation about ultra-luxury properties in Park City or Deer Valley, contact Derrik Carlson at 435.200.5478 or Carlson@RealEstateInParkCity.com. You can also reach us through the contact page.
Ultra-Luxury Homes for Sale in Park City Over $10 Million
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The multiple listing information is provided by Park City Board of Realtors from a copyrighted compilation of listings. The collection of listings and each listing are the property of Park City Board of Realtors, All Rights Reserved. KW Park City Keller Williams provides access to multiple listing information on this website as a member of the Park City Board of Realtors Multiple Listing Service.