Three Remarkable High End Home Sales
in the Park City Market
Follow the big money... A few fat wallets are obviously getting tired of the wild gyrations on Wall Street. Up 2%, down 2%, all in one day! Can drive you nuts. So, where else to put the money? Well, to that point, in 2019 so far, in the Park City/Deer Valley Real Estate market, there have been a stunning 26 residential homes sold and closed with list prices over $5m!
This home in Deer Crest, Deer Valley, listed recently for a stratospheric $25M. I toured it, and described it as one of the finest homes I’ve ever seen in our market. Ski in/out of course. Glass elevator, heated outdoor pool of course, and stellar construction and finishes.
(Click the photo to see details)
Typical at this price point, real, capable Buyers are rare, and I assumed it would take months, or at least well into next ski season to sell, if at all. Wrong! It went under contract to a Buyer in less than three weeks! The high end of the Park City/Deer Valley real estate market continues to soar. Keep in mind that the highest priced residential listing ever sold in the local Park City market was a $22M sale of a 33,000 square foot ski lodge at The Colony.
At nearly 22,000 sf, this trophy home is not small. “Under contract” prices are, as usual not disclosed prior to closing, and I am guessing that in this case, the final closed sales price will also be undisclosed. Either way, a remarkable sale in our fascinating Park City real estate market.
Another remarkable high end sale closed this month in the Park City market. A great 8000sf home, no ski access, no river frontage, no helipad. Listed at $14M. Closed last week at an undisclosed sales price, but surely above 12M. Location will surprise you. Click the photo to see.
And if you think those are big dollar sales... check this one: “River Bottom Ranch” on the Weber River near Oakley, UT, is a 2000 acre ranch with a 16,000 sf home. Listed for $34M, the sale closed this week for allegedly over $32M. Yes, it did include a tennis court. And a helipad. Click photo.
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