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New Record Home Sale Closed in Deer Valley

Historic Deer Valley Home Sale Closed 
This home in Deer Crest, Deer Valley, listed recently for a stunning $25M, closed escrow last week for nearly $24M!   This ski in/out sale is the highest yet recorded in the local Park City area real estate market.   Listed, pended, and closed within 60 days, this sale tops the prior record (at The Colony in 2004) by $1M
(Click the photo to see details)

There are still 12 other $10M+ listings in the Park City real estate Market.  Half of them are at The Colony at The Canyons side of PCMR.  The highest, listed at $18M, is however, exactly next door to the above at Deer Crest, and called the “SKI Dream Home”.

Summit View Dr, Deer Crest
Now that the neighbor sold for 24m, maybe this one is next!
Bald Eagle in Deer Valley
Home sales in the ski in/ski out gated community of Bald Eagle are fairly rare.  There were none in 2015, only one in both 2016 and 2017.   Yet, two occurred this September within weeks of one another.  While much of the luxury home market activity is in the new chic modern contemporary style; flat roofs, floor to ceiling windows, grey interior tones; the style of this rustic home on Falcon Court is at the opposite end of the spectrum, with rough stone, log, and wood throughout.  It sold and closed last month for just under $9M.

This Bald Eagle home on Hawk Court is also now pending a sale!  List price: $5.5m
New Billion Dollar Ski Resort!

Rendering of a portion of the new “Mayflower” Resort at Deer ValleyDeer Valley already has a lift called Mayflower.  The new resort area of same name will be just below and to the South of the existing Mayflower lift.  Hotels, condos, townhomes, homes and new lifts which are rumored to open up to 1000 new acres of skiable terrain.  There has already been some ground clearing for roads etc.  With this size and scale, we are told that this could be a 25 year project to completion.Also unclear at this writing is whether this will end up being a seamless part of Deer Valley, or a separate resort on its own.  Either way, it promises some exciting new skiing and lots of new real estate. Check out this recent article in Forbes Magazine…
Article in Forbes
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