Deer Valley®
Red Cloud Deer Valley
April 13th, 2008 Categories: Deer Valley®
Record Land Sale in Deer Valley, Utah
It doesn’t seem like the smart money is too worried about the national “mortgage crisis” having a big impact on Deer Valley real estate values.
Deer Valley just witnessed the most expensive single-family residential lot sale to date…
The lot was a resale lot that was originally purchased from the high-end developer Talisker three years ago.
Lot #22 Red Cloud just sold for a cool $5 mil.
Check out the view from lot 22 in this photo to the right:
Click here to see other parcels available for sale in Red Cloud.
What Does $5 Million Buy You in Empire Pass, Deer Valley?
Lot 22 in Red Cloud is a 1.32 acre parcel with excellent ski-in/ski-out access and amazing views to the East and North.
From this lot you’ll notice Deer Valley landmarks like Bald Mountain, Bald Eagle, and Stein Eriksen Lodge.
What makes this area command such a premium price over other neighborhoods in Deer Valley?
Scarcity Creates Value. There are only 30 lots in the gated Red Cloud neighborhood.
Aside from the privacy, the beautiful forested setting, and perfect ski access at Deer Valley Resort, residents of Red Cloud can apply for membership in the exclusive Talisker Club.
Talisker Club Amenities Create Massive Value
Talisker Club membership allows owners to access private amenities at Deer Valley Resort (like the Talisker Tower Club and Red Cloud Cabin–a private restaurant for owners), and off-mountain amenities like fly-fishing on private waters, and golf at the esteemed Talisker Club at Tuhaye.
Red Cloud Deer Valley is Taking Shape
Three homes are currently under construction in Red Cloud.
One of them is pictured in the photo to the right. It’s situated along the slope of the Bandanna ski run at Deer Valley Resort.
Two of the homes are private residences, and the third is a Spec Home that will be framed this spring.
Click here to see other parcels available for sale in Red Cloud.
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Deer Valley Ski Season Ends
April 13th, 2008 Categories: Deer Valley®
Even though it’s still snowing in Park City, Utah…
Deer Valley Resort Wrapped Up a Phenomenal Ski Season April 13th.
We couldn’t resist a day of spring skiing on Deer Valley’s closing day.
And what a spectacular day it was…Not a cloud in the sky, and no crowds on the lifts.
Check out the huge cornice at the top of the Daly Chutes on April 13th!
Average base depth of the snow-pack on closing day was a whopping 131 inches…not a brown muddy patch to be found anywhere on the ski runs, even at lower elevations like Deer Crest (see below photo).
Homes in Deer Crest, Deer Valley
We made a great tour of Deer Valley Real Estate, and stopped to snap some photos in the Red Cloud, St. Regis, Montage, and Empire Pass neighborhoods.
View From Red Cloud, Deer Valley
This is what February usually looks like in Deer Valley. But guess what?
We snapped this shot of a Paintbrush Home in Empire Pass on April 13th.
Looking down on Bald Eagle and Silver Lake Village, Deer Valley
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St. Regis Deer Valley
April 13th, 2008 Categories: Deer Valley®, Hotels & Lodging
St. Regis Resort & Residences, Deer Crest
Construction Update:
Closing Day at Deer Valley Ski Resort.
Years ago, we watched the excavation of the site at the top of Portugese Gap where the St. Regis tower will be located.
It’s pretty incredible to see the hotel taking shape.
The framing is nearly complete for the St. Regis Condos, which are the lower 7 stories of the hotel.
In the months ahead, the top four stories–the St. Regis Residences–will begin to take shape.
St. Regis Deer Valley Ski Access
The photo above shows the ski-in access from the Deer hollow Ski Run.
Deer Hollow is a beginner-level green run accessed from the Jordanelle Express Gondola and the Deer Crest chair lift.
It’s wide open, and fun for people new to the sport, and expierienced skiers will have fun carving sweeping wide turns across the run.
The photo to the right depicts the ski-out trail to the Deer Crest chair lift.
Here is the link to Deer Valley’s Trail Map online.
Is Deer Valley the “Dubai of the Rockies?”
Not Exactly.
But you might be surprised by the amount of new construction underway in Deer Valley, in defiance of the “Mortgage Crisis” and real estate doom and gloom from around the USA.
Massive cranes are slowly but surely making progress, as the structural elements of the St. Regis and Montage Hotels are beginning to take shape.
Looks like the steel and concrete is complete up to the 6th story of the 11 story tower.
The views from the hotel will be gorgeous. On days like today, you’ll be able to see for miles!
St. Regis Deer Valley Sales Update
To date, 57 of the 83 Condos and Residences at the St. Regis are already sold.
Some floor plans have very limited availability…
But There’s a Secret Stash of St. Regis Units That Haven’t Been Released Yet
If you can’t find the unit configuration you want among the St. Regis Condos & Residences Listings for sale here, email us and we’ll check the developer’s “secret stash” of units not listed across the MLS!
Related Articles:
Park City and Deer Valley’s Best Cash Flow Condos are… (Part I)
The Best Cash-Flow Condos in Deer Valley (Part II)
Deer Valley Is Not the Only Smart Money Bet in Town (Part III)
Deer Valley Montage Resort & Spa
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Deer Valley Montage Hotel
March 5th, 2008 Categories: Deer Valley®, Hotels & Lodging
Ultra Luxury Hotel Under Construction in Deer Valley®, Utah
Montage–One of the world’s elite luxury hotel brands, just broke ground on an incredible new hotel-residence property in Deer Valley®, Utah.
The Deer Valley® hotel is the third property in Montage’s collection of distinguished luxury hotels, resorts and residences.
Montage properties are known for their breath-taking natural locations, impressive design, unique ambiance, and the highest quality services and amenities.
In a couple of years, the Stein Eriksen Lodge may face a little competition for luxury travelers headed to Deer Valley® Resort…
Montage Resort at Deer Valley®
The photo above illustrates the construction progress of the hotel as of March 23, 2008. The setting is spectacular, with the Daly Chutes, Empire Bowl and Lady Morgan Bowl as a scenic backdrop!
The developers are tight-lipped about the specifics of the hotel, but here are a few elements that may be included:
- Guest rooms and suites
- Restaurants
- Lobby lounge
- A Retail Shopping Experience
- Meeting space for Groups and Special Events
- Terraces and Outdoor Lawn Areas for Group Functions
- A World-Class Resort Spa
- Outdoor Swimming Pool with Bar & Grill
- Ski rental, ski concierge and Skier Services
- Privately Owned Resort Residences
- Discrete Underground Parking
- Environmentally Sensitive “Green Building Philosophy”
Deer Valley Montage Hotel Construction Timeline:
Excavation and construction of the Montage site began in Summer of 2007 and completion is anticipated to occur in the summer of 2010. If construction proceeds as planned, the hotel may be open for a winter 2010-2011 opening.
Deer Valley Montage Resort Design Philosophy
The design theme for the Montage is reminiscent of the great mountain lodges of North America. The Rocky Mountain Arts & Crafts style that is prevalent in the Empire Pass master planned area will compliment the majestic beauty of the spectacular Upper Deer Valley® location.
The Montage Deer Valley Takes “Green Building” Seriously
The hotel will be designed, constructed and operated in accordance with environmentally responsible “green” features that will minimize the resort’s environmental footprint.
Ownership at The Montage Resort at Deer Valley: Condos & Residences
The Montage Resort at Deer Valley® will include a number of whole-ownership luxury residences. Unit sizes and prices have not yet been released.
It is anticipated that Montage Residences will go to market midway through construction in late 2008. Two different product types are planned…
Montage Hotel Condominium Suites
Fully-furnished condominium suites may range from two to four bedrooms. Some of the larger units may be configured with lock-off bedrooms that may be rented seperately from the main suite.
These Hotel Suite Condominiums are “turnkey” units that will have similar features and appointments as the hotel suites in the Montage.
Penthouse Residence Units at Deer Valley Montage
The balance of the residences could be larger penthouse units generally configured as three, four, and five bedroom residences either fully-finished or ready to be custom furnished by the purchaser.
All of the Montage Residences will enjoy access to the Montage services and amenities, including the resort restaurants, spa, ski concierge, housekeeping, room service and maintenance support.
Ground-Floor Montage Insider’s Club
If you would like to be informed about Montage sales information the moment it becomes available, please complete the form below. We will keep you updated via whatever method of contact you prefer.
Privacy Policy: We will not share your contact information with anybody for any reason. Period.
Our clients value their confidentiality, so we respect your privacy.
Related Stories:
Park City and Deer Valley’s Best Cash Flow Condos are…
The Best Cash-Flow Condos in Deer Valley (Part II)
Deer Valley Is Not the Only Smart Money Bet in Town (Part III)
St. Regis Resort and Residences, Deer Crest
Dakota Mountain Lodge and Waldorf=Astoria Announcement
Ever Stayed at The Montage? What Was Your Experience?
Have you ever visited the Montage Resort in Laguna Beach, California? We would love to hear your feedback about your stay…So please tell us, How excited should we be about Montage coming to Deer Valley?
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Park City and Deer Valley’s Best Cash Flow Condos are…
January 25th, 2008 Categories: Deer Valley®, Hotels & Lodging
It’s one of the most common queries we receive from investment-minded buyer clients.
Park City & Deer Valley Owners Love Winter Revenue
Not surprisingly, the winter months will generate the bulk of your annual rental revenue. There’s high demand for rental properties in Deer Valley, Park City, and at The Canyons all winter long.
How To Generate Rental Income When it’s not Snowing
The trick–from an investment perspective–is to discover which properties will be rented during the other 8 months of the year, albeit at lower nightly rental rates than in the peak winter season.
Amenities Help Maximize Park City Rental Income
The difference that top cash-flow properties offer relative to inferior cash-flow properties is on-site amenities.
Take Stein Eriksen Lodge, for example. The new conference center they built a few years ago, plus the spa, restaurants, bar, room service, and business center are all additional profit centers for the owners, who share in the profits from these assorted operations.
Most important is the group business that the hotel’s group sales office generates. Bringing groups of 100-300 people at a time to the lodge for 3 or 4 days tends to boost the occupancy!
Increased Rental Revenue = Increased Appreciation Potential
Here’s the catch…as the management has improved the profitability of the hotel and owner profit sharing has increased, why would an owner want to sell their unit? You will have to be very patient–and very lucky–to find an available unit for sale at Steins.
Email us at Steins@ParkCityRealEstateGuide.com if you want us to include you on our Priority Notification List of any new units for sale at this premier Deer Valley property.
However, Stein’s isn’t the only property that offers potential investors an attractive investment opportunity. This story is continued here:
The Best Cash-Flow Condos in Deer Valley (Part II)
Deer Valley Is Not the Only Smart Money Bet in Town (Part III)
Dakota Mountain Lodge and Waldorf=Astoria Announcement
Deer Valley Montage Hotel
St. Regis Resort and Residences, Deer Crest
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St. Regis Resort and Residences, Deer Crest
January 21st, 2008 Categories: Deer Valley®, Hotels & Lodging
New St. Regis Raises the Bar in Deer Valley
The St. Regis Resort & Residences, Deer Crest is destined to become a signature landmark on the Deer Valley landscape.
Perched atop a hill that overlooks Lower Deer Valley and Deer Crest, the St. Regis boasts a slopeside setting of exquisite natural beauty along the ski slopes of Deer Valley® resort.
The hotel is almost 70% sold out–Only about 20 properties remain unsold in the hotel.
Construction is under way, but the hotel is not yet finished. For those of you who like to plan your vacations years in advance, you can’t make rental reservations yet!
Click Here for St. Regis Condos for Sale
Ownership at the St. Regis is whole-ownership. If you are interested in fractional ownership in Deer Valley, you have a couple of options in other neighborhoods.
The Difference Between St. Regis Condos & Residences
The eleven story St. Regis Hotel features 67 hotel-condominiums in one through four bedroom floor plans.
Floors 1-7 of the St. Regis are condos. Owners of St. Regis condos may rent their units through the on-site managment company when they’re not using their St. Regis Deer Valley condos for their private use.
The top four floors of the St. Regis are home to 26 private residences.
No rentals will be allowed in the St. Regis Residence units. If you search for St. Regis Residences for sale, units with numbers in the 800’s-1100’s are the residence units.
Some owners have combined adjacent residence units to create spacious family retreats. If you need a unit larger than 4 bedrooms, let us know and we’ll put you in touch with the appropriate people to start a custom configuration conversation.
St. Regis Amenities
Amenities at the new St. Regis in Deer Valley will include an indulgent 24,000 square foot spa with salon and fitness facilities, a sun-lovers ski ‘beach,’ a two-tiered swimming pool, a gourmet restaurant, a martini bar, and an owners’ concierge service.
And of course, guests and owners staying in these luxurious Deer Valley Condos at the St. Regis resort may always avail themselves of the signature St. Regis butler service, offering an elevated and sophisticated style of service found exclusively at St. Regis Hotels and Resorts around the world.
The Best Cash-Flow Condos in Deer Valley (Part II)
Deer Valley Is Not the Only Smart Money Bet in Town (Part III)
Dakota Mountain Lodge and Waldorf=Astoria Announcement
Deer Valley Montage Hotel
St. Regis Resort and Residences, Deer Crest
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Are Deer Valley Condo Prices Holding?
January 20th, 2008 Categories: Deer Valley®, Statistics & Trends
I just received this question from a potential vacation-home shopper in Southern California, wondering how Deer Valley real estate prices are faring amid the turbulent national real estate market.
A Warning About Deer Valley Real Estate Prices…
The numbers are not what you expect in light of the real estate “news” from around the USA. 
Deer Valley condo prices have not only held–they have actually increased!
Why are Deer Valley Prices increasing while prices across the country are falling? At the most basic level, it’s simple supply and demand in action.
Ski-in/Ski-out Deer Valley Real Estate Is Scarce
People have successfully invested in Deer Valley real estate because of the relative scarcity of prime Deer Valley properties. Deer Valley’s “safe-haven”positioning as a second-home and resort community has provided critical insulation from downward national trends.
Deer Valley Owners Have “Staying Power”
With so many cash buyers (about 50% of our clients’ transactions in 2007), we’re also not seeing a surge in foreclosures and “distress” sales. In truth, most sellers don’t “need” to sell their Deer Valley property, like sellers in “primary” home communities.
| CONDOMINIUMS: Pending Sales as of 1-20-2008 (Upper & Lower Deer Valley, Deer Crest, Empire Pass) | ||||
|
|
High |
Low |
Average |
Median |
|
List Price Summary: |
$8,916,550 |
$550,00 |
$3,064,998 |
$2,775,450 |
| CONDOMINIUMS: Summary Statistics Jan-Dec 2007 (Upper & Lower Deer Valley, Deer Crest, Empire Pass) | ||||
|
High |
Low |
Average |
Median |
|
|
List Price: |
$4,395,000 |
$595,000 |
$1,955,381 |
$1,897,000 |
|
Sales Price: |
$4,100,000 |
$570,000 |
$1,904,781 |
$1,886,400 |
| CONDOMINIUMS: Summary Statistics Jan-Dec 2006 (Upper & Lower Deer Valley, Deer Crest, Empire Pass) | ||||
|
|
High |
Low |
Average |
Median |
|
List Price: |
$4,195,000 |
$399,900 |
$1,437,404 |
$1,225,000 |
|
Sales Price: |
$3,775,259 |
$399,900 |
$1,388,741 |
$1,155,000 |
|
Avg Days on Market: 286 |
120 Condos Sold |
Average List price= |
|
Average Sales price= |
The Story Behind the Deer Valley Sales Numbers
One critical component is the weight of “New Construction” in the Deer Valley Condo sales summary. To be fair, many of the pending sales, and sold comps in 2007 were actually sales that pended in 2005 and 2006 when the national market was on fire. Some of these ultra high end ski-in/ski-out condo lodge buildings take 18-36 months to build.
Days On Market Might Not Be What You Think
When you see the days on market stats increase from 286 DOM to 357 DOM from 2006 to 2007, it’s counting from the date the condos are listed for sale until the sale closes (ie when construction is complete). What you’re actually seeing is a long “under-contract” period, and not necessarily properties sitting on the market forever. Does that make sense?
Deer Valley Quality Gets Better Every Year
There’s also been a difference in the quality and location of inventory over the years. The new construction that’s available today is certainly more expensive to build (land, labor, materials) than the “new” construction that was available in 2005. The trend has certainly been towards higher quality materials and construction as developers push to raise their prices with successive projects, much to the delight of “early” buyers who watch their property values rise with each successive release of new inventory.
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Olympic Fun in Park City, Utah
December 11th, 2007 Categories: Deer Valley®, Dining & Entertainment, Lifestyle & Activities, Local Services, Shopping, Skiing, Utah Facts and Fiction
Utah’s Olympic Park in Park City, Utah
At the Olympic Park in Park City Utah average citizens get to experience the life of an Olympian.
You can experience riding behind an Olympian driving a bobsled at 70 miles an hour through the twists and turns of the Olympic track. This is not for the faint of heart or anyone pregnant or with back problems. It is however, completely fantastic, a once in a lifetime experience.
Other adventures at the Park include the chance to ride on the ‘steepest zip line in the United States’ or ride the chairlift to the top of the Nordic ski jumps.
Utah’s Olympic Park offers camps to train tomorrow’s athletes today. Even if you are in town for just a couple of days you may have the chance to participate in a ‘Learn to Fly Camp’ which could have you launching yourself into the air with skis on, planning on landing in a pool!
The two museums at Olympic Park are interesting and educational and the ‘Big Air Shows’ on Saturdays during the summer season allow the armchair athletes to vicariously enjoy the thrill of flying fifty feet in the air and splashing into a pool wearing skis.
The Olympic Park in Park City, Utah offers spectacular entertainment for the whole family. Weather, age and weight restrictions affect all activities so visit the Olympic Park website http://www.olyparks.com/
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Family Fun In Park City Utah
December 11th, 2007 Categories: Deer Valley®, Dining & Entertainment, Golf, Jordanelle, Just Outside of Town, Lifestyle & Activities, Local Services, Skiing, The Canyons®, The Heber Valley, Utah Facts and Fiction
Things to Do With Your Family in Park City, Utah
If you can’t leave your kids with the grandparents and don’t have the nanny that travels with you, kids are a part of vacations. They can be really fun to have along as long as they don’t get ‘bored’ Lets be honest, family vacations can be challenging enough without having kids who are ‘bored’. Keeping kids constructively occupied without shelling out big dollars can be difficult in a ski town during the season.
The children’s ages dictate family plans on a skiing vacation. Can they enroll in ski school so you can get your turns too or do you need to get daytime babysitter? Are they skilled enough to warrant a private instructor so that skiing with them is an option? Price can really climb with private instruction, but the upside is usually skiing with your kids sooner.
Obviously, with a younger age range, reserving a childcare service for a couple of adult nights makes sense as long as you can find reliable child care. Many hotels have services for babysitting and some do more expanded children’s programs. Check with the concierge about available services or visit ParkCitySitters.com for the most trusted service in 
Park City and Deer Valley childcare.
Check the local Park City movie theatres, Redstone Cinemas and Holiday Village Cinemas, the indoor and outdoor ice rinks, Gorgoza Park and Soldier Hollow tubing hills, The Egyptian theatre, and the Heber Valley Railroad. White Pine touring grooms three different cross country ski tracks on the Park City golf course, where you can also arrange sleigh rides and dog sled adventures. Contact the tour operators for schedules and availability.
The Utah Olympic Park has museums, rides, shows and camps. Check them out at http://www.olyparks.com/
Or, better yet, buy plastic sleds for everyone, find a small, safe hill and enjoy your vacation, together.
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Little-Known Tricks Locals Use to Rent Ski Gear in Park City
December 11th, 2007 Categories: Deer Valley®, Lifestyle & Activities, Local Services, Skiing, The Canyons®
Renting equipment should be an easy part of your ski trip, but it can be extremely frustrating if mishandled…
These Insider Secrets Will Save You Time and Hassle When You Rent Ski & Snowbaord Gear at Park City, Deer Valley, and The Canyons.
If you are renting from a shop try to make reservations in advance, especially for busy periods.
Many shops use databases to store your information, which can speed the process measurably. Try not to go when the store is very busy (ie 8:30-9:30 am), which may be difficult to accomplish, but worth the effort.
Pick up your skis the day you arrive. It’s one less hurdle to clear the next morning when the shops are always busy!
Check out the demo skis and boards available to see if you can lease to own some new sticks. This is usually the newest technology and may give you the edge you need to keep up with your kids.
Also, prices at the on mountain shops are a little more than those a little further away, so you pay for the convenience of not schlepping gear a long way.
If you do not have the intestinal fortitude to go to the shop (and who can blame you) you can arrange for a professional equipment rental service to come to your hotel or condo and completely outfit your entire family. You will need to make reservations and give sizing information in advance. This is a great way to save time and energy and the cost is not too much more than going to the shop.
These companies are listed in the phone directory. I personally recommend Skis on the Run for reliable service.
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