Selling The Park City Dream
Might you be interested in a nice ski
bungalow? There is one for sale in the Park City area for just $21.9
million. It is a cozy “Ski Dream House,” a 13,500-square-foot
home owned by the vacation rental company Resorts West that has 6
bedrooms, 15 fireplaces, a ski bar and backdoor access to DeerValley ski slopes.
The home is described in this
article in the New York Times. The article talks about the
recovering Park City real estate market. The focus is on how the
Sundance Film Festival is used as a marketing tool to get prospective
buyers to come to the resort community. It includes interesting
insights about the area, describing why it is a great destination for
vacationers as well as vacation home buyers.
Below are excerpts from the article.
Where else can ski
enthusiasts own a home with backdoor access to the slopes at a
top-notch ski resort like Deer Valley? Not in Aspen, which is
surrounded mostly by public land. The sense of exclusivity has drawn
a bevy of movie moguls and celebs here to Park City, from Jeffrey
Katzenberg to Will Smith, who have bought multimillion-dollar ski
homes in the area.
“The last few
years we had to beg to get people to come” during Sundance, Mr.
Benson said. “Real estate wasn’t really a hot topic. But this
year that has changed. The people are actually spending money to be
here. They aren’t here because they had free tickets. They are
looking at high-end homes. It is 2006 all over again.”
An eight-bedroom
Park City ranch sold last week for $16 million to a dot-com
billionaire from California. A 63-acre estate owned by Jon Huntsman
Sr., the richest man in Utah, has an interested buyer after being
listed for $44 million, the highest asking price ever in Utah, said
Paul Benson, a broker with Sotheby’s in Park City. A giant ski
cabin that Mr. Katzenberg, the DreamWorks co-founder, commissioned
some 20 years ago and used to entertain friends like Bill and Hillary
Rodham Clinton, is on the market for $20.5 million.
There is even talk
from the president of Deer Valley Resort of putting in a gondola
chair lift on Main Street that would give direct access to Deer
Valley from downtown.
Read the entire
article.
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