The Best Cash-Flow Condos in Deer Valley (Part II)
January 29th, 2010 Categories: Deer Valley®, Hotels & Lodging, Real Estate
Here’s the good news…
Stein Eriksen Lodge Isn’t Your Only Good Investment Condo Option
The Chateaux at Silver Lake is Also a Great Cash-Flow Generator
Right across the street from Stein Eriksen Lodge in Silver Lake Village is the Chateaux at Silver Lake, which has similar amenities but slightly less convenient ski access. But don’t let the easy walk across the street to skiing location put a damper on your enthusiasm for this top-notch property.
The Chateaux at Silver Lake is only about 10 years old, and these units can generate between $60,000-$150,000 in gross rental income annually, according to the on-site management company, depending on size, views, location within the building, and amount of owner use.
I dined at The Chateaux’s Bistro Toujours restaurant with my wife and a long-time client last week during the Sundance Film Festival, and we had another great experience. Here’s why…
- No hectic Sundance Festival traffic
- Free, easy heated underground parking
- We called for reservations just the day before..no problem!
- The food was tasty and perfectly prepared
- We even sat next to an A-List Hollywood celeb! We’ll leave his identity private, but you’ll be comforted to learn he treated the staff with courtesy and gratitude.
There are actually two elements of the Chateaux…the main lodge and The Residences at The Chateaux, which are fractional ownership.
The Residences at The Chateaux do not allow you to capture rental revenue if you can’t use your allotted weeks, but it’s a great opportunity to buy a Deer Valley Condo at a fraction of the investment of a whole ownership Deer Valley condo.
Don’t Forget The Lodges at Deer Valley & Silver Baron Lodge
In Lower Deer Valley, The Lodges at Deer Valley & The Silver Baron Lodge seem to generate the most rental income, as they also have group meeting space, shuttle service, and amenities including fitness area and a swimming pool.
This 
property is always a favorite of readers of Conde Nast Traveler magazine.
This year, The Lodges at Deer Valley was ranked the 5th best ski Hotel in the USA by loyal readers of this luxury travel magazine.
Ski access isn’t as good as in Silver Lake Village (Stein Eriksen Lodge and The Chateaux), but the prices reflect this reality too.
Not to worry, it’s right on the free bus route, so you can just walk out in front of the hotel and catch the bus to Snow Park Lodge (the base area of Deer Valley Resort). Deer Valley busses have racks for your skis on the back of the bus, by the way!
Montage Resort and St. Regis Deer Valley Have Captured Much of the Ultra-Luxury Renter Segment
The St. Regis Deer Valley has become one of the finest investment properties in the Park City and Deer Valley area. The St. Regis opened just in time for the 2009/2010 ski season, so now we have a few years of rental track record under our belts. The developer will not provide any rental specifics, but if you want to see historical numbers, we may be able to get them from one of the resale agents.
A top international brand, the St. Regis has a loyal following of high net worth guests who will pay astronomical nightly rental rates for the quality and service the St. Regis brand delivers at each of their worldwide network of properties.
Pre-sales of condos at St. Regis were excellent (about 56 of the 80 units sold so far), and construction is nearly complete. Here are the available St. Regis Deer Valley Condos for sale right now.
If you can’t find your preferred location or floor-plan on this list, please email us at stregis@parkcityrealestateguide.com and we’ll get you a copy of the developer’s “Secret Stash” of unreleased units and corresponding prices.
The Montage Deer Valley is under construction next to the Empire Lodge in Empire Pass, Deer Valley. Montage will be a combination of hotel condos and penthouse residences.
Join our “Montage Insiders Club” if you’re interested in getting in on the ground floor of what will no doube be one of the finest ski properties in the world.
For the rest of the “Best Cash-Flow Condos in Park City” story, read…
Park 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 “First Tracks” Incentives
Waldorf Astoria Park City Utah Announcement
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this is so true! Good post!
Always keep your words soft and sweet, just in case you have to eat them.
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