Park City Ski Condos Up For Auction
Eight prime ski-in/ski-out condos in Park City, Utah will hit the auction block in January. The Silver Strike Lodge at Empire Pass will be auctioned off January 17. According to ParkRecord.com, developer Matt Mullin of Ironwood Resort Development says the auction is marketing strategy designed to help bring a market correction to the downward trend in ski real estate. There are 34 units in the ski-in/ski-out condo hotel and although almost half the units sold when the project was launched in 2006, there are still 19 unsold units. Mullin insists that it the sale is not a foreclosure or liquidation sale and is not an attempt to dump the property.
The units qualify for Talisker Club Membership. Accelerated Marketing Partners, is conducting the auction and has created a designated website for the event. Minimum bids are set very high. A two-bedroom unit measuring 1,689 square feet has a minimum bid of $1.15 million and prices go up from there.