Posted on 30 Jan
Photo from The Salt Lake Tribune
The big screen wasn't the only thing heating up Park City during the Sundance Film Festival. Each year, tens of thousands of people descend on the mountain town for the event that put it on the map, filling luxury hotels and private residences for the week. The area typically sees a post-Sundance boost in real estate interest as the nation's largest mountain resort benefits from its time in the spotlight.
Much more than a ski resort, Park City has evolved from a seasonal hotspot to a coveted year-round destination. In addition to providing 7,300 acres of skiable terrain, Park City also offers incredible golf, hiking, mountain biking, open-air concerts, shopping, dining and nightlife. Its appeal is resonating with homebuyers. The Park City Board of Realtors notes the median sales price for single-family homes and condominiums has risen 7.5% annually since 2012 and 14% over the last year alone.
New construction coming to the market is helping drive the spike, according to Realtor.com, which recently highlighted some of the area's most luxurious, high-end properties currently on the market. Among those making the list is Apex Residences, a collection of 63 contemporary, ski-in/ski-out residences situated at the highest elevation in Canyons Village.
The slope side community from Columbus Pacific Properties features a mix of residences, townhomes and penthouses, each featuring three to five bedrooms, ski rooms, private terraces and panoramic valley and mountain views. Amenities include a private clubhouse with heated outdoor pool, spa, fitness center, game room, and concierge service. Twenty-three of the homes are already spoken for, with the first scheduled to be completed in time for Sundance next year.
A second new construction community from Columbus Pacific, Viridian, offers a collection of 25 contemporary residences situated along the new Canyons Golf Course, steps from the Frostwood Gondola. One to four bedroom residences feature sleek, polished design and glass window walls that capture far-reaching golf course and mountain views. Residents enjoy a host of private amenities, including a club room, heated outdoor pool, spa, fire pit, and putting green for four seasons of outdoor enjoyment.
Among other properties making Realtor.com's list of the most palatial homes in Park City are some of the area's most posh retreats, including the $12.9 million, 14,100-square-foot home of DreamWorks CEO Jeffrey Katzenberg and a $17.9 million sprawling home Forbes named "the grand-daddy of all estates."
View the full Realtor.com round-up here.