Park City Investor

Canyons Real Estate Update

Great value lies in Canyons Resort real estate. Since Vail acquired Canyons Resort and Park City Mountain Resort real estate sales have sky-rocketed. Now that the two “Epic” resorts will be connected in the summer of 2015 to form the largest ski resort in North America we can only see real estate in both areas gain significant value.

“In the first three months following the acquisition, the number of sales in the Canyons area increased by 328% as compared with the 10-year average, and 173% over the previous all-time high”.

New Development: The Residences at Blackstone

The Residences at Blackstone is a new luxury townhome development situated in the Lower Village, on the parcel just west of the cabriolet parking area and the 13th hole of the new Canyons Resort Golf Course. The two and three bedroom townhomes will offer approximately 2,100 square feet of living space plus a two-car garage and ski storage area. Each residence will feature 9 foot ceilings, 8 foot doors, gourmet kitchens with custom cabinets, granite countertops and Viking appliances, gas fireplaces with stone hearth and mantle and private decks with a hot tub for each townhome.

Amenities include a large heated pool, hot tubs, state-of-the art fitness center and a clubhouse. The developer released a limited number of townhomes for reservation. Turnaround time should be fairly fast.

New Construction Ski-In Ski-Out Single Family Homes: The Canyon Residences aka Residences at the Waldorf Gondola is a development adjacent to the Frostwood Gondola consisting of three single family homes. These luxury homes are in the perfect location for anyone who loves to the best of both worlds: ski-in ski-out access in the winter and living on the golf green in the summer. Other options for ski-in ski-out homes are located in the Colony at White Pine Canyon.

Juniper Landing introducing NEW Phase! to be completed Fall 2015:

Juniper Landing is located just steps from the Frostwood Gondola between the ninth and tenth fairway of the new Canyons Resort Golf Course. Juniper Landing is now introducing Phase 2 consisting of seventeen townhomes with two, three and four bedroom floor plans. Construction for Phase 2 began in June 2014 and is estimated to be completed in the Fall of 2015. Each townhome features multiple fireplaces, gourmet kitchens and two-car garages.

Amenities at Juniper Landing include: a heated courtyard with fire pit, a junior Olympic-size pool, fitness center, sauna and hot tub. Pricing will range from $799,000 to $1,299,000 depending on location and size of the residence.

Invest in Canyons Real Estate today. Contact KW Associate Broker Steve Blankenship at 435-640-6966 for more information and schedule a showing today.

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