Deer Valley’s Not the Only Smart Money Bet in Town…
January 25th, 2008 Categories: Park City
Park City’s Best Cash Flow Condos (Part III)
If Your Last Park City Vacation Was Before the Olympics, Pay Attention!
Don’t be misled to believe that Deer Valley is the only neighborhood where savvy investors are parking investment dollars in these volatile economic times.
If you haven’t paid attention to some of the new developments in Park City that offer high quality new construction and potential for year-round rental demand, you might be missing out on some attractive new possibilities you didn’t even know existed…
In Park City proper, we see a few properties the represent attractive values for investment-minded buyers looking to maximize their monthly cash flow.
The Hotel Park City has a Proven Track Record of Rental Demand
Hotel Park City is a full-service hotel, conveniently located on Park Avenue as you enter Park City.
The hotel features meeting rooms, a spa, outdoor swimming pool, Ruth’s Chris Steakhouse, and lots of year-round group business like weddings, corporate events, that create demand for rooms in the off-season months.
Click here for available condos for sale in the Hotel Park City.
Silver Star Finds A Niche in Park City
I had a frank conversation with the president of one of Park City’s biggest and most influential property managment companies last year, and he mentioned that Silver Star filled their biggest need as a managment company…
“We need Deer Valley quality, but ski-in, ski-out at Park City Mountain Resort for families with snowboarders.”
When the developer released the units, they had to cut off reservations after just a couple of weeks because they received more than 500 reservations for less than 100 units!
Now construction on the project is nearing completion and the area is looking great. The Sundance Institute relocated it’s corporate headquarters from Salt Lake City to the Silver Star neighborhood, where it is the anchor commercial tenant. Click here for available properties for sale at Silver Star.
What is happening with Silver Star, are they ever going to complete it? How are resales going?
Here’s an update on the Silver Star neighborhood for you, Ed.
http://blog.parkcityrealestateguide.com/2008/04/02/park-city-condos-at-silver-star/