Park City Real Estate News Blog

YotelPad: New Development coming to Canyons Village in 2019

By The ParkCityInvestor Team
Jan 16, 2018

YOTELPAD is a new hotel development that will be located just below the Grand Summit at Canyons Village in Park City, Utah.  YOTELPAD will consist of 145 to 150 compact contemporary condominiums, being referred to as PADs. While a few of these projects exist worldwide – YOTELPAD Park City will be the first to offer the branded PADs for sale. Typical PADs run between 338 and 1,013 square feet. While most of the PADs will be studios, some larger one, two and three bedroom condos will be available. Due to their small size each PAD will feature multi-functional furniture, a work/relaxing area, bathrooms with monsoon rain shower, kitchenettes and large view windows. Each unit comes with 1 parking space.

According to the developer YOTELPAD is a concept bringing together modern design, efficient interior space planning, technology, extensive amenities and affordability at the base of the mountain. Amenities are to include an outdoor pool, hot tub, and numerous fire pit areas. The pool deck is planned to connect to the indoor social spaces including a lounge, fireplace area, game room, kid zone and terrace. Valet service and ski/board/bike will be provided. Low HOA's.

The Resort PADS will be sold next month (February) through a Priority Reservation Program with prices starting at $275,000. Set to open in 2019.

New Release: Black Rock Ridge Luxury Condos

By The ParkCityInvestor Team
Oct 09, 2017

The developers of Black Rock Ridge have just released their new luxury condo collection which is going to be located south of south entrance - along highway 248. 32 condos have been released for phase 1 - not yet listed on the MLS - 24 of those received reservations within the first day.

Black Rock Ridge Luxury Condos will consist of 193 condominium residences offering two bedroom floor plans on approximately 1,300 square feet of living space as well as two three-bedroom penthouses that are located on the top floor offering two-level living on almost 2,000 square feet. Buyers with a pre-construction reservation are able add a lock-out option to their residence to maximize rental income.

Amenities at Black Rock Ridge Luxury Condos will include a lobby, restaurant, market, spa, underground heated parking as well as access to conference rooms. Two ice rinks are planned to be added in the next few years to attract tournaments. Additional amenities can be accessed with a Black Rock Club membership. Those amenities include a year-round heated outdoor pool, hot tubs, fitness center, steam room, sauna, towel service and a private game room.

Long-term and nightly rentals will be allowed at Black Rock Ridge Luxury Condos. Condominiums will be sold unfurnished but furniture packages will be offered. Projected completion of the phase 1 is set for fall of 2018.

Insure that you have the best representation when buying and/or selling Park City Real Estate. Contact Real Estate Broker Steve Blankenship at 435-640-6966 for more information about the project and its reservation process.

Deer Valley Real Estate News

By The ParkCityInvestor Team
Aug 01, 2017


The Goldener Hirsch Inn is expanding and building on the last remaining parcel in the Silver Lake Village. The modern mountain ski lodge will offer 39 contemporary condominium residences consisting of a mix of studio, one, two, three and four-bedroom models with approximately 570 to 3,300 square feet of living space. Lock-off options available. All residences come fully furnished. Pricing ranges from $690,000 for a studio to $4,880,000 for a 4-bedroom penthouse. The residences are not yet officially listed on the MLS but contact Steve at 435-640-6966 for early launch and reservation pricing. Reservations starting today!


The developer is discounting his last remaining residences. Click here to see remaining inventory and contact Steve at 435-640-6966 for more information.


This amazing 0.98 acre lot is located in the exclusive gated community of Deer Crest. It is the lowest priced ski-in ski-out lot available for sale in all Deer Valley. Build your home right on the ski trail and enjoy beautiful views of Jordanelle Reservoir. List price $2,000,000

Park City Real Estate News

By The ParkCityInvestor Team
Jun 22, 2017

An Absolute Auction will be held at the Colony at White Pine Canyon – a gated community - on July 8. This is your chance to score a stunning ski-in ski-out home for a great price!! The mountain modern estate was built in 2011 and features seven bedrooms and 8 baths on approximately 13,248 square feet. Every room features spectacular views. With 18.9 acres this is one of the largest ski properties in Utah. Current list price is 8,995,000. For more information contact Steve at 435-640-6966.

Virdian at Canyons Village is going to be a new development across the street from the Waldorf Astoria and just steps from the Frostwood Gondola. The developer originally planned to be built a luxury golf development with one to four bedroom condominium residences. The project will now feature townhomes with three, four and five bedroom floor plans instead. Prices will range from just under $1 million up to approximately $1.7 million. Contact me at 435-640-6966 to get on the list and receive first hand information as soon as the project is being relaunched this summer.

New Park City Condos to be released in the $500,000s!

By The ParkCityInvestor Team
Mar 17, 2017

Blackstone Residences at Canyons Village are going to release their first of three condominium buildings. The developer has broken ground for building 1 already. There will be 24 condos in building 1. The condominiums offer 1,159 to 1,500 square feet of single-level living space. Four floor plans available. Located adjacent to golf course and steps from cabriolet in the lower Village. See below for renderings. Prices starting in the $550,000s. They may be released in May but reservations will start before then.

Contact Real Estate Broker Steve Blankenship at 435-640-6966 for more information about how to reserve a residence at Blackstone.

Residences at Blackstone - Condos for Sale - Canyons Village Real Estate Park City, UtahBlackstone Residences - Canyons Village Real Estate - Condos for SaleBlackstone Residences Condos for Sale - Living Room - Alpine FloorplanBlackstone Residences Condos for Sale at Canyons Village - Bedroom - Alpine Floorplan

Wasatch Springs is located adjacent to Park's Edge and The Retreat at Jordanelle off Highway 248 - just a few minutes from Park City and Jordanelle Reservoir. The townhomes and duplexes are going to feature designer finishes, the latest trends in home design and smart home technology. Three floor plans to choose from. Offering three and four bedroom townhomes with approximately 1,500 to 2,800+ square feet. Each residence has an attached two-car garage.

30 homes will be built but only ten will be released in phase 1. More townhomes will be built on demand after that. Construction averages five to seven months. Pricing $450,000-$600,000.

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Insure that you have the best buyers representation when buying a condo in Park City, Utah. Contact Real Estate Broker Steve Blankenship at 435-640-6966 for more information about how to reserve a condo at Blackstone Residences or Wasatch Springs.

Best Buy: Deer Crest Townhome for Sale

By The ParkCityInvestor Team
Jun 07, 2016

Deer Crest is one of the most exclusive neighborhoods of Park City real estate. The gated ski-in ski-out community sits on the backside of Deer Valley with easy access to Jordanelle Reservoir as well as St. Regis and lower Deer Valley Resort. Deer Crest is home to some of the most luxurious homes in the world.

Here is your opportunity to own a townhome just outside the Deer Crest gates for only $1,400,000. These residences do not come up for sale often and when they do they usually sell very fast. This fully-furnished townhome features 3 bedrooms, 4 baths on 2,354 square feet with vaulted ceilings, log accents, private decks with hot tub to enjoy the spectacular lake views , ski access and a 2-car garage.

Contact KW Real Estate Broker Steve Blankenship at 435-640-6966 for more information on this spectacular deal.

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Canyon Residences - Ski & Golf Villas - Prime location

By The ParkCityInvestor Team
May 05, 2016

Looking to ski-in ski-out of your home in the winter and golf around your home in the summer? Then Canyon Residences will be just right for you. This new development located at Canyons Village will feature three single family homes overlooking the golf course and Frostwood ski runs. Walk out the door and take the Frostwood Gondola up to ski or mountain bike, or simply enjoy the amenities at Waldorf Astoria.

Canyon Residences will feature exquisite finishes in an exceptional location. Choose between a four, five or six bedroom model.

Contact Keller Williams Real Estate Broker Steve Blankenship at 435-640-6966 to receive more information on this one of a kind opportunity to own a ski and golf residence.

Absolute Auctions in Deer Valley & The Colony

By The ParkCityInvestor Team
Mar 18, 2016

These two amazing ski-in ski-out homes are going up for no-reserve auction on April 2.

Contact Park City Real Estate Broker Steve Blankenship for more information about how to participate and/or to preview the residences.

Park City Real Estate - Absolute Auction - No Reserve - Luxury Park City homes for Sale

Featured Property: 2373 Harmony Drive, Deer Crest

By The ParkCityInvestor Team
Mar 08, 2016

This amazing property is located in the Deer Valley real estate area of Deer Crest. The exclusive gated community of Deer Crest offers some of the most luxurious single family homes and condominiums in the world. This turnkey townhome at Deer Pointe features four bedrooms and seven baths, a tiered theater room, wine cellar, top of the line appliances, hot tub, beautiful hardwood floors as well as a lower level bar and pool table. Deer Pointe is located just minutes from Jordanelle Reservoir and St. Regis Deer Valley. A Deer Crest Club membership can be purchased to enjoy shuttle service and amenities at St. Regis. Deer Pointe has its own private hill track elevator ski lift for easy access to the Deer Valley ski runs. Listed at $4.1 million.

Contact KW Real Estate Broker Steve Blankenship for more information at 435-640-6966.

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Great incentives for remaining Blackstone Residences

By The ParkCityInvestor Team
Feb 16, 2016

Construction is almost complete at Blackstone Residences and great incentives are offered for every buyer who closes on one of the 13 remaining residences before the end of the ski season.

Call Steve Blankenship at 435-640-6966 today to learn more about about special pricing and to receive more information on other incentives.

Park City & Deer Valley Real Estate Auctions! Last Minute Registration!

By The ParkCityInvestor Team
Nov 27, 2015

These amazing properties will be auctioned off with NO Reserve on Saturday, December 5, 2015. This is your chance to try and get one of these luxury properties for a great deal. Contact KW Real Estate Broker Steve Blankenship at 435-640-6966 for more information.

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Absolute Auction - 132 White Pine Canyon Rd.

By The ParkCityInvestor Team
Aug 19, 2015

This is your chance to own one of the most beautiful properties in Park City, Utah. Located on 21.7 acres this unique ski-in ski-out residence at The Colony at White Pine Canyon has never been on the market before. It was built in 2007 and features over 16,000 square feet of luxurious living space with six en-suite bedrooms, 10 total baths, an entire master suite wing, a chefs kitchen, 13 massive stone fireplaces throughout the house, a wine cellar, music room, library/office, a theater room that seats 14, a ski prep room and an amazing outdoor space with ponds and waterfalls. Two ski runs pass directly by the house and the home is accessible for skiers of any level. In fact Park City Resort grooms trails all the way to the back patio.  This home is located at the very top of the Colony at White Pine Canyon and the mega merger of Park City and Canyons Resort is putting it right in the heart of the new super resort.

Current List Price: $19,950,000      Property could sell before auction if reasonable offer is presented.

Contact Canyons Real Estate Specialist Steve Blankenship at 435-640-6966 for more information and a showing of this property.

 Colony at White Pine Canyon

Promontory To Raise Social Membership Fee!

By The ParkCityInvestor Team
Aug 17, 2015

Starting September 1, 2015 the price for a Promontory social membership will go up from $50,000 to $75,000. "Each person who acquires a Social Membership will be entitled to use all of the tennis, swimming, fitness, and trail riding facilities of the Club (excluding the private Equestrian Center facilities). Social Members are also entitled to use the social facilities in the Ranch Clubhouse and the Shed Clubhouse. Social Members are welcome in the Club’s Alpine Lodge at Upper Deer Valley, however, Full Members may be allowed priority use of lockers in that facility." Golf privileges are not included in a Social Membership. Equestrian and Full Memberships are available as well. Pricing for those will stay the same.

With well over 110 real estate transactions to date for 2015, Promontory is by far the hottest private golf community in the greater Park City area. Many of the lots will soon be unattainable at their current prices ranging from only $99,000 to $1.4 million. Homes are priced from $999,000 up to $25 million.

To secure a membership at current pricing you need to have a home under contract by August 31, 2015. Search Promontory real estate and contact Real Estate Specialist Steve Blankenship at 435-640-6966 for more information.

Park City Real Estate - Market Statistics - 2nd Quarter 2015

By The ParkCityInvestor Team
Aug 11, 2015

Summer is in full swing. We are enjoying the wonderful weather hiking, biking, boating or one of the many outdoor concerts and events. Vail is installing new lifts and building new lodges as part of their one year, $50 million investment combining Park City and Canyons Resort into the largest ski resort in the US. Furthermore, Deer Valley has closed on their purchase of Solitude, and ONE Wasatch effort to unite all six resorts continues to move forward. All in all, its a very exciting time.

Along with that we are happy to announce that the number of closed sales and total dollar volume for this first half of 2015 are the highest since 2007. While prices are certainly not back to the market highs of 2007 our market is steady. The total number of closed sales, year-to-date, for the entire market area was nine percent higher than the first two quarters of 2014 and was the highest first half of any year since 2007. Along with that, the total dollar volume was up 11 percent and the median sales price continued to trend upward on a gentle curve in most areas. In fact today's median sales price is the same as June 2006 and July 2010.

INVENTORY: Following the national trend, inventory levels throughout Park City are still very low, with only 1,170 total listings available as of June 30, down 8.5 percent from 1,270 in 2014. At this current absorption rate we have a 6.6 month supply.

PENDED SALES: For the first 6 months of the year, pended sales reached their highest level since 2006 with just over 900 contracts written.

SINGLE FAMILY HOME SALES: The median sales price for a single family home within the city limits has remained close to $1.34 million over the past twelve months, while the average price has actually come down 11 percent. Overall sales in the Prospector neighborhood increased significantly with an increase of 89 percent in transactions, almost double the number of sales compared to the previous four quarters. Sales price climbed eight percent, reaching $700,000.

CONDOMINIUM TRENDSCondominium sales are up nine percent over the previous 12 months and we have seen a 14 percent overall increase in median sales price in the entire market area. Again, sales in Prospector had the highest jump in number of sales, also with a median sales price increase reaching $132,000. Lower Deer Valley is showing signs of recovery with more than double the number of sales along with a 15 percent median sales price increase to $735,000. The Canyons area, with its wide-ranging property types, was up 41 percent in the number of sales over the previous four quarters with a median sales price of $389,000. Jeremy Ranch showed an increase of activity with 58 percent more sales than the previous four quarters and a price increase to $535,000.

VACANT LAND SALES:  The number of Vacant Land sales for the entire market area was slightly higher than the previous four quarters and lot prices increased 10 percent in median sales price. The Jordanelle area continued to grow with lot sales up 21 percent.

GOLF COMMUNITIES: With 75 closed transactions since January, Promontory had the highest number of sales with a median sales price of about $1.56 million. Red Ledges is also going strong with 43 closed sales.

If you own property, this might be a very good time to get a market analysis to consider your options. Our market is showing a good solid, steady growth. Inventory remains very tight. For those looking to buy, multiple offers are still quite common in high demand neighborhoods so it is important to be well qualified and responsive.

Auction at The Colony at White Pine Canyon!

By The ParkCityInvestor Team
Jun 19, 2015

The Colony at White Pine Canyon features some of the largest ski-in ski-out homesites in the country. Property values will likely skyrocket as the new Interconnect gondola linking Park City and Canyons Resort will be located within the exclusive gated community. This being said the Colony at White Pine Canyon will be the only ski-in ski-out community with easy access to both parts of the nations largest ski resort. Owners can walk out their doors, jump on one of the 4 lifts that were already built specifically to service their homes, and ride the gondola over to PCMR for the day. The Colony is therefore our investment tip of the week.

The residence up for auction is located on approximately 5.73 acres of private land and offers 11,500+ square feet of living space. It features a state-of-the-art chef's kitchen, six bedrooms, eight and a half baths, spectacular views, a theater room, wine cellar, ski-prep room, fitness room, sauna, steam room, outdoor hot tub and a three-car heated garage.

Auction is scheduled for June 27th and the property will sell to the highest bidder at/or above the $5.99 million reserve. The property is currently listed for $7.950 million.

Contact Canyons Real Estate Specialist for more information about bidding on this beautiful property, a showing, comps and how to possibly purchase it before it goes to auction!

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