Real Estate
The Canyons®
Park City Utah Luxury Home Auction
August 13th, 2010 Categories: Auctions, Deer Valley®, Foreclosures, Park City, Real Estate, The Canyons®
Park City & Deer Valley Estate Home Auction
On the heels of their two previous successful auctions in Deer Valley, Utah this year (Silver Strike Deer Valley Auction and Lookout Deer Valley Auction), Accelerated Marketing Partners (AMP) will be holding a Sealed-Bid Auction for 11 Luxury Park City Estates.
Park City Estates Sealed Bid Auction
The sealed-bid auction for the 11 luxury homes located in some of Park City and Deer Valley, Utah’s most exclusive neighborhoods will be held on August 27th.
The sale is comprised of nearly $80 million worth of one-of-a-kind estates, each complete with an array of amenities more commonly found in the most highly-appointed residences of the Hamptons, Montecito and Monte Carlo.
Several of the homes feature ski-in/ski-out access at Park City’s acclaimed ski resorts or are located in exclusive golf communities.
The estates are being sold by motivated individuals ready to commit to the highest bidder through a transparent buying process with published reserves; these reserves range from $1.495 million to $15.875 million and are up to a 54 percent slash in price.
Park City Auction Minimum Bids:
Published reserves for August 27th sale range from $1.495M to $15.875M.
“As the nation’s largest sealed-bid, published reserve auction, this watershed event offers a once-in-a-lifetime opportunity for prospective buyers around the country to purchase preeminent mountain homes at unbeatable prices,” said Ken Stevens, west coast CEO and co-founder of Accelerated Marketing Partners, a national, full service real estate marketing firm that has conducted high-end new development auctions around the country.
All 11 estates being offered at the August 27 sealed-bid auction are available for immediate occupancy.
The properties are…(drum roll please)
DeerField Estate, Deer Crest Deer Valley
This 15,000-square-foot estate,was previously the most expensive listed property in all of Deer Crest when it was taken off the market a year ago. DeerField Estate overlooks Park City and Jordenelle reservoir. The home has seven master suites and 11 bathrooms, a private gondola for ski-in/ski-out access, indoor swimming pool, billiards, theater, family room with open truss cathedral ceilings and a wine room with 18th Century French cast-iron doors.
DeerField Estate has a published reserve that’s a 54 percent slash in price from the previous asking price.
Deer Crest Home
This 9,657-square-footestate on 0.66 acres is situated on the Jordenelle reservoir view-side of Deer Valley® Resort and features six bedrooms and seven baths. There are multiple dining areas, radiant heated floors, and the estate is fully landscaped with terraces, patios and decks.
Deer Crest has a published reserve that’s a 19 percent slash in price from the previous asking price.
The Colony at White Pine Canyon
Nestled among the Aspen trees along the ski slopes of The Canyons Resort®, this 7,000 square-foot fully-furnished estate on 6.24 gorgeous wooded acres is located within The Colony, a gated ski-in/ski-out community. The home features six bedrooms and eight baths, an open-showcase kitchen, five stone fireplaces, a wine cellar, and a state-of-the-art theater system.
Published reserve is 32% less than previous list price.
Promontory
Located in Park City’s exclusive Promontory golf community, this 8,224-square foot estate on 2.5 acres features six bedrooms, six full baths and two half-baths. There is a home theater with a trestle wood ceiling, wood mantles carved by a local sculptor and a wine closet with custom mahogany racks as well as a separate upper level apartment for guests that is complete with kitchen, sleeping quarters and bath.
Promontory has a published reserve that is a 31 percent slash in price from the previous asking price.
Old Town Park City
This newly built 4,400-square-foot estate is situated in the heart of Old Town Park City, conveniently located a few feet from Park City’s Historic Main Street and the Town Lift. This spacious four-bedroom and six-bath home includes four custom stone fireplaces, a master suite with a home office area and a private elevator to service the living spaces, as well as an oversized three-car garage.
The published reserve for this estate is is 33 percent slash in price from the previous asking price.
Tuhaye Home
1.88 acres of hillside land and surrounded by open space and scrub oak with incredible views of the Jordanelle reservoir, Deer Valley® Resort, Mt. Timpanogos and O’Meara golf course. This 7,000-square-foot estate includes six bedrooms and eight bathrooms. Additional amenities include seven fireplaces, a media room, wet bar and a gourmet kitchen with a wine room.
Tuhaye has a published reserve that’s a 22 percent slash in price from the previous asking price.
Knoll Estate
As part of Deer Valley’s Knoll Estates, an exclusive gated community located in Silver Lake Village, this 7,218-square-foot estate has six bedrooms and five baths. The home also features five fireplaces, gourmet kitchen, ski prep room, fitness room with sauna and hot tub, attached two-car garage, and heated walkways and driveway.
Knoll Estate has a published reserve is a 30 percent slash in price from the previous asking price.
The Lookout
This new 5,866-square-foot estate at upper Deer Valley® Resort offers spacious mountain living and is located within minutes of Silver Lake Plaza via a private shuttle service. The home features five bedrooms, 5.5 baths, an elaborate gourmet kitchen, stone fireplaces, vaulted beam ceilings, oversized decks, and a spacious two-car garage.
The Lookout has a published reserve that is a 54 percent slash in price from the previous asking price.
Old Town Park City
Just an easy walk from the renown Park City’s Main Street and Park City Mountain Resort® lift is this 3,100-square-foot home featuring three bedrooms and 2.5 baths, a fully equipped gourmet kitchen, two fireplaces, a home theater and a private outdoor hot tub overlooking Park City.
This Old Town Park City home has a published reserve which is a 23 percent slash in price from the previous asking price.
Midway, Utah
Located only minutes beyond Park City in breathtaking Midway is this 7,500-square-foot estate provides 360-degree views of Herber Valley, mountains, lakes, hot springs and golf course. The home boasts soaring 23-foot vaulted ceilings, three bedrooms and baths, five rock wall fireplaces, two fully equipped gourmet kitchens and an attached guest suite and three-car garage.
Midway has a published reserve that’s a 53 percent slash in price from the previous asking price.
Stag Lodge
With private Deer Valley® Resort ski-in/ski-out access, this 3,397-square-foot condominium is situated in the ideal mountain location. The four-bedroom, five-bath home is luxuriously furnished and features four fireplaces, fitness room and outdoor pool, as well as clubhouse shuttle service.
Stag Lodge has a published reserve that is a 24 percent slash in price from the previous asking price.
Park City Estate Auction Deadline to Bid
Sealed bids must be submitted to Accelerated Marketing Partners no later than August 27th at 5:00 p.m. MDT. Bidders may thoroughly view all properties prior to this deadline.
Want to Tour the Park City Auction Homes?
If you are interested in previewing any of the homes in person, please contact us immediately at Toll Free 877-838-2805 or email us at: auction@parkcityrealestateguide.com and we will make arrangements for your family to take a personal tour of the luxurious residence(s) that caught your attention.
Preview Minimum Bids Now!
For more information on the Park City estates sealed-bid auction, including the minimum reserve bids for the 11 available estates, please complete the form below:
When you submit your request, you will be directed to a page that shows all of the properties and their bid details.
Don’t forget to check your email for your SPECIAL BONUS:
We will send you a link to the auction website where you can browse disclosure documents, floor plans, photos, virtual tours of the homes, inspection reports, etc…
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Bank Owned Timber Wolf Lodge Condo
July 1st, 2010 Categories: Foreclosures, Neighborhoods, Real Estate, The Canyons®
Have you been searching for a 50% off deal in Park City? Or perhaps just interested in finding a great mountain retreat as an investment for your future?
This may be the answer…
Rustic Park City Condos at Foreclosure Prices
Looking for a newer Park City condo that feels like a cozy log cabin?
Timber Wolf Lodge is perfect if you like a heavy dose of wood in your vacation diet. These rustic condos feature a dining room, living area, and kitchen on the main floor with two bedroom suites upstairs.
Timber Wolf Lodge Location
Timber Wolf Lodge is located near the base of The Canyons Resort.
The beautiful grounds feature a creek and mature trees. These ten year old units have underground parking and easy access to all Park City has to offer. They are 35 minutes from the SLC airport and are sought after as a rental units.
Click here to see a map of Condos at The Canyons Resort.
Timber Wolf Lodge Foreclosures!
These two bedroom townhomes sold for $550,000 to $575,000 at the peak of the market.
A fully furnished bank owned unit in Building 6 was just reduced to $275,000…
…about 30% less than other similar sized units on the market.
This condo is well positioned at the back of the complex (away from the noise of hwy 224) and is just under 1200 square feet.
Here are the bank-owned Timber Wolf Lodge details:
http://pcmls.com/Pub/EmailView.asp?r=68832927&s=PKC&t=PKC
But wait, it gets even better…
Not Yet Listed: Bigger, Better Bank-Owned Timber Wolf Lodge
Our deal searching radar has identified another bank-owned unit about to be listed! And it could be an EVEN BETTER DEAL than the property we mentioned above!
It sits near the hot tubs in a stand of Aspen trees with a rushing creek you can hear from the deck.
This is the larger floor plan–over 1500 sq ft–with nice furniture and large bedroom suites.
Interested?
Please contact us right away so we can get you the details before it officially hits the market!
I toured the property yesterday, so you can also call us at 1-800-485-0218 and I’ll answer all your questions…
Happy Deal Hunting!
Related Articles:
Park City Real Estate Auctions
Park City Foreclosure Articles
Park City Real Estate Sales Statistics
Get Weekly Park City Foreclosure Updates
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Talisker Buys The Canyons® Resort
June 30th, 2008 Categories: Real Estate, The Canyons®
The Canyons Talisker Deal Has Closed!
In one of the biggest deals in the history of Park City Real Estate, luxury developer Talisker closed on the purchase of The Canyons Resort today.
In a press release to members of the exclusive Talisker Club in Park City, Utah today, Talisker announced that it had successfully closed on the purchase.
Talisker Is Key Player in Park City & Deer Valley Real Estate Development
With today’s announcement, Talisker has solidified their role as the leading developer of luxury resort real estate in the Park City and Deer Valley, Utah area.
Before The Canyons acquisition, Talisker already owned over 10,000 acres of land in and around Park City.
It’s clearly a big bet Talisker is placing on the Park City area, and they’re sharing their success with other top-tier luxury resort developers like East West Partners, Ironwood Development, and Montage Deer Valley in the spectacular Empire Pass neighborhood.
Will Talisker’s Big Bet Pay Off?
Last week, Talisker sold two Red Cloud lots for more than $4 million apiece. Not bad for a real estate market that’s commonly characterized by doom and gloom…
Talisker specializes in high-end luxury real estate developments in Park City and Deer Valley, including the successful Tuhaye and Empire Pass, Deer Valley neighborhoods.
Seems like The Canyons will become a destination luxury resort, following in the footsteps of Deer Valley. Talisker is not the first big-time developer to invest in the future of The Canyons. Earlier this winter, it was announced that the Waldorf Astoria Collection was joining forces with the Golden Door Spa at the new Dakota Mountain Lodge.
Talisker Overcame Legal Challenges to Prevail in The Canyons Purchase
Talisker had been pursuing the purchase of The Canyons since 2007, and overcame legal challenges from Vail Resorts and other interested parties throughout the transaction.
The Canyons Resort Sold For $123 million
According to a Form 8-K filed with the United States Securities and Exchange Commission today, the total proceeds received by American Skiing Company were just over $123 Million. Proceeds were received in the form of $52.1 million in cash and $71 million in senior secured notes.
Talisker Sees a Bright Future for The Canyons Resort
“We, along with our team in Park City, and the Canyons employees, look forward to unlocking the wonderful potential inside the Canyons ski resort, and to continuing our growing involvement as members of the community,” Talisker Chairman Jack Bistricer said.
“We expect to bring our brand and standard of development to this wonderful resort over the coming years.”
What Changes Can We Expect At The Canyons?
From where we sit, this is incredibly exciting news! With over 3,700 acres, 155 runs, 17 lifts, 2 terrain parks and 6 natural half pipes, The Canyons has always been a favorite ski area for Park City locals.
Imagine what the resort could become with Talisker’s deep pockets and track record for superb resort planning and luxury amenities!
What’s Your Opinion?
We welcome your comments about what the sale of The Canyons to Talisker means to the community…Any comments?
Related Articles:
Deer Valley #1…Again
Waldorf Astoria Dakota Mountain Lodge Grand Opening at The Canyons Resort
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Do You Make Any of These 3 Critical Buyer Mistakes When Shopping For a Park City Ski Home?
January 24th, 2008 Categories: Real Estate, The Canyons®
Mistake #1: Wrong Location…Inferior Ski Access
If you have the capacity to own a home anywhere, why would you compromise the convenience of ski access?
When you’re searching for the right ski home for your family, don’t buy a ski home first and later learn the truth later that your ski access is an icy luge run down a steep hill into your ski room–or even worse–an exhausting crawl uphill to start your ski day.
The perfect ski home has gentle ski access that allows beginners and skiers of all ages to easily and painlessly access the ski runs.
See how easy the ski access is in the photo to the right? A level approach through an open glade of aspens provides easy ski-in access. A gently sloping downhill ski-out makes for an easy traverse back onto the run for skiers and snowboarders alike.
Beware the marketing liberties often taken by over-eager real estate agents–not all ski access is created equal!
Unfortunately, you can’t trust some money-grubbing developers either.
We know of one development in Deer Valley currently marketing $5-8 Million homes for sale as ski-in/ski-out that actually require a pretty hefty walk before you’re skiing.
Think about all the kids’ skis & poles you’ll be carrying too!
We recognized this potential consumer trap years ago, so we began publishing the Deer Valley Real Estate Guide.
The Deer Valley Real Estate Guide gives potential owners the no-fluff reality about neighborhood ski access in all of Deer Valley’s nooks and crannies.
Mistake #2: Buy a Ski Home at the Wrong Ski Resort
Not all ski areas are created equal. Most areas allow snowboarders, but others–like Deer Valley and Alta ski areas in Utah–prohibit snowboarding on their mountains.
Let’s face it–your own generation may prefer skiing to snowboarding, but your kids and grand-kids may very well want to try snowboarding one of these years.
Don’t bother trying to deny it…
The younger generation is much more likely to watch The Winter X Games that begin today, than a re-run of your old favorite “Aspen Extreme” that’s frankly not so extreme by today’s standards!
Can you dispute the excitement and awe of the death-defying tricks these airborne adrenaline junkies inspire on their snowmobiles, in the terrain park, and in the half-pipe?
The biggest benefit of owning a Park City ski home at either Park City Mountain Resort or The Canyons Resort is “choice.”
Your family and guests will know no boundaries when it comes to which type of boards to strap on… If you own a home in The Colony, you can even switch from skis to a snowboards after lunch, thanks to your enviable slope-side location.
Have you thought about how your resort location impacts your exit strategy–the part about not restricting the possible future buyers of your home to elitist skiers only?
What about your future buyer’s desire to live on a mountain where their kids and grand-kids can snowboard?
Mistake #3: Buy the Wrong Home
With real estate markets around the country in turmoil and properties taking longer to sell, your investment can be safer by purchasing a ski home that appeals to the maximum number of buyers.
What do Park City Ski Home Buyers Want?
Vacation homes are a great way for friends and families to reconnect away from the grind of daily life.
When you’re living in your ski home, you’ll certainly want an open floor plan that allows for open lines of communication, both visual and auditory.
See how this home (above photo) in The Colony boasts a spacious designer kitchen that’s open to the great room and dining room? You’ll also want to have additional gathering areas for larger groups of people, like a downstairs hearth room with bar…
Equally important is a home that allows for privacy from others in the home.
You’ll want a master suite where you can sneak away with your spouse and enjoy some peace and quiet. Ideal master bedroom locations don’t share walls or floor with any other bedroom suites for maximum privacy.
Amenities separate the best homes from the rest…
What distinguishes one luxurious ski home from another?
- A well-organized ski prep room keeps dozens of gloves, hats, and goggles neat and tidy
- State-of-the-art electronics, climate, and security systems increase convenience and safety
- A professional quality home theatre & multi-media room brings movies and sports to life
- Home offices in discrete locations allow you to attend to important business uninterrupted
- Wine cellars insure special bottles are property stored for maximum drink-ability
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