Is Village Loft a ground lease property?

Yes. Village Loft is subject to a recorded ground lease. Owners typically own their condominium unit and a percentage interest in the building, while the land beneath the building is leased from the ground owner.

When does the Village Loft ground lease expire?

The ground lease term runs through December 1, 2070.

What happens at the end of the ground lease term?

At expiration, the building and permanent improvements revert to the landlord in good condition, as outlined in the recorded lease. The lease terminates with no renewal or extension clause stated in the recorded documents.

Can you finance a ground lease condo in Park City Mountain Village?

Financing is generally available, subject to lender review of the ground lease and title documentation. Lenders typically require clear disclosure of the lease structure and remaining term.

Why do Village Loft units typically trade at a discount?

Because the lease has a defined expiration date, pricing typically reflects the remaining lease term relative to comparable fee-simple condos in similar base-area locations.

Village Loft Park City for Sale

Village Loft is located at the base of Park City Mountain Resort, offering direct access to skiing, ski school, lift ticketing, dining, and plaza activity. This page outlines current MLS listings, ownership structure, association details, and important considerations before purchasing.

Village Loft Overview

Village Loft consists of one mixed-use building with 18 residential loft-style condominiums above commercial space in the center of Park City Mountain Village. The building sits in the heart of the base area — steps from lifts, ski school, retail, and year-round resort activity.

Buyers considering Village Loft typically prioritize location, walkability, and direct access to the resort core. If you are comparing alternatives, you may also want to review ski-in/ski-out condos for sale, Old Town condos for sale, or broader Park City condos for sale to evaluate ownership structures and pricing differences.

Village Loft Association & Amenities

The Village Loft Association is a non-profit corporation established to operate and maintain the project’s common areas.

Common amenities include:

Unassigned underground parking located on Level P-1 of the Lodge at the Mountain Village garage (adjacent to but not directly beneath the building)
Guest laundry facilities
Basic cable television (upgrades at owner's expense)

Village Loft owners and guests do not have access to the Lodge at Mountain Village, including the pool, fitness center, or hot tubs.

As with any condominium purchase in Park City, reviewing HOA budgets, reserves, rental policies, and operating history is part of proper due diligence.

Ground Lease Structure (Expires December 1, 2070)

Village Loft is subject to a recorded ground lease originally created in 1982. Buyers should clearly understand this structure before purchasing.

Here is what it means:

You own your individual condominium unit (including the interior, fixtures, and your percentage interest in the building).
The land beneath the building is leased from the ground owner (originally Greater Park City Company, now affiliated with Vail Resorts).
The lease term runs through December 1, 2070.
At lease expiration, the building and permanent improvements revert to the landlord in good condition.
There is no renewal or extension clause in the recorded lease.

The condominium association handles maintenance, operations, insurance, snow removal, and day-to-day management. The ground landlord has no operational role.

The recorded lease (Book M 218, Pages 682–713) clearly outlines the term and reversion provisions. Financing is generally available, subject to lender review of lease and title documentation.

Because of the defined expiration date, Village Loft units typically trade at a discount relative to comparable fee-simple condominiums in the same area.

Here’s the Real Question About Village Loft

The real question is not simply whether you own the land.

The better question is this:

If you control a slope-side condominium in this location for the next 40+ years — at today’s adjusted pricing — does it make strategic and financial sense?

The discount tied to the 2070 lease expiration is already reflected in current pricing. The market understands the timeline.

So the analysis becomes straightforward:

How does the purchase price compare to fee-simple ski-in/ski-out alternatives?
What is the projected rental income over the next 10–25 years?
How much personal-use value does true base-area access provide?
What is your realistic holding period?

If you rent the property consistently, use it personally, and hold it within a defined investment horizon, these units can perform very well relative to the entry cost. You are effectively acquiring premium ski access at a reduced rate.

For buyers focused on perpetual land ownership, this structure may not align with their goals. For buyers focused on lifestyle, rental yield, and medium-term positioning, it deserves serious consideration.

Every real estate decision is a time-horizon decision. The key is matching the ownership structure to your strategy.

Why Consider Village Loft?

Immediate access to Park City Mountain Resort lifts
Walkability to restaurants, retail, and ski school
Lower entry price compared to a fee-simple base-area product
Strong rental demand due to the location

Village Loft appeals to buyers who want core resort access without the pricing of newer fee-simple ski properties.

If you are evaluating a broader investment strategy, you may also want to review our guide to Park City investment properties for additional context.

Village Loft MLS Listings

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$1,425,000

↓ $35,000

1401 Lowell Avenue 39, Park City

2 Beds 2 Baths 1,293 SqFt Residential MLS® # 12505004

$1,195,000

Compare Other Options

If Village Loft is not the right fit, consider comparing:

Every base-area property in Park City has a slightly different ownership structure. If you would like a side-by-side comparison of Village Loft versus other Mountain Village or Canyons Village properties, I am happy to walk you through the differences so you can make a fully informed decision.