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 area where savvy investors are parking investment dollars in these volatile economic times.
Some of the new developments in Park City offer high quality new construction and potential for year-round rental demand. Don’t miss out on these attractive new possibilities…
In Park City, 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.
Condos in the Hotel Park City range from studios to 2 bedroom suites. 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 most influential property management companies last year, and he mentioned that Silver Star filled their biggest need as a management 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 complete 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.
Silver Star includes town-homes, Village Loft flats, and Cottage homes. Prices range from under $1 million to about $3 million. Click here for available properties for sale at Silver Star.
Waldorf Astoria Park City
You may also want to check out the Waldorf Astoria Park City, which opened in 2009.
Like the other properties we have mentioned in this series, luxurious amenities (like the award-winning Golden Door Spa and Spruce Restaurant) and conference spaces will help increase your off-season rental demand.
Unit sizes in the Waldorf Astoria Park City (AKA Dakota Mountain Lodge) range from studios to 4 bedrooms. Prices range from $300k to over $2 million. Click here to browse available Waldorf Astoria Park City condos for sale.
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/
it looks like it will be a beautiful community when it is finished
[...] 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 [...]
[...] City and Deer Valley’s Best Cash Flow Condos are… (Part I) Deer Valley Is Not the Only Smart Money Bet in Town (Part III) Deer Valley Montage Hotel Dakota Mountain Lodge and Waldorf=Astoria [...]
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Thank You