11 Park City Luxury Estates Up For Auction
An auction of 11 luxury homes located throughout Park City, Utah is scheduled for August 27th. Accelerated Marketing Partners is holding the nation's largest residential sealed-bid auction with a total of nearly $80 million in property up for grabs. Published minimum reserves for the homes range from $1.495 million to $15.875 million and represent an up to 54 percent reduction in price.These are lavish estates, several have ski-in/ski-out access and overlook resort communities or are located in golf communities. The estates are being sold by motivated individuals who are ready to commit to the highest bidder.
"As the nation's largest sealed-bid, published reserve auction, this watershed event offers a once-in-a-lifetime opportunity for prospective buyers around the country to purchase preeminent mountain homes at unbeatable prices," said Ken Stevens, west coast CEO and co-founder of Accelerated Marketing Partners. "As we have seen through our previous highly successful Park City sales, Lookout at Deer Valley and Silver Strike Lodge at Empire Pass, savvy buyers are out there, waiting for an opportunity to purchase luxury estates at price points they are comfortable with, and they determine."
The property shown above is DeerField Estate, a 15,000-square-foot estate developed by builder Eustace W. Mita of Achristavest, LLC. It was previously the highest listed property in all of Deer Crest and the fourth highest in all of Deer Valley when it was taken off the market a year ago at $28.975 million. The estate has seven suites, a private gondola for ski-in/ski-out access, indoor swimming pool, billiards, theater, family room with open truss cathedral ceilings and a wine room with 18th Century French cast-iron doors. The published reserve for DeerField Estate is $15.875 million, 54 percent less than the previous asking.
Deer Crest is on the Jordenelle view-side of Deer Valley Resort. This 9,657-square-foot estate is on 0.66 acres and has six bedrooms. There are multiple dining areas, radiant heated floors, and the estate is fully landscaped with terraces, patios and decks. Deer Crest has a published reserve of $6.985 million, an 18 percent slash in price from the previous asking of $8.495 million.
The Colony is tucked in among aspen trees along the ski slopes of The Canyons Resort. The 7,000-square-foot estate on 6.24 acres is located within the gated community, The Colony. The home has six bedrooms, an open kitchen, five stone fireplaces, a wine cellar, a state-of-the-art theater system and three-car garage. The Colony has a published reserve price of $4.7 million, 32 percent lower than the previous asking price of $6.95 million.
Located in the gated golf community of Promontory, this 8,224-square-foot estate on 2.5 acres has six bedrooms, a home theater with a trestle wood ceiling, a wine closet with custom mahogany racks and a separate upper level apartment for guests that is complete with kitchen, sleeping quarters and bath. It has a published reserve of $3.38 million, a 31 percent reduction from the previous asking of $4.9 million.
This newly built 4,400-square-foot estate is situated in the heart of Park City's historic district, near Main Street and the Town Lift. The four-bedroom home has four custom stone fireplaces, a master suite with a home office area, a private elevator to service the living spaces and an oversized three-car garage. The published reserve for this estate is $3.495 million, 33 percent less than the previous asking of $5.19 million.
Tuhaye is on 1.88 acres of hillside land surrounded by open space and scrub oak with views of the Jordanelle reservoir, Deer Valley Resort, Mt. Timpanogos and O'Meara golf course. The 7,000-square-foot estate has six bedrooms, seven fireplaces, a media room, wet bar and a gourmet kitchen with a wine room. Tuhaye has a published reserve of $3.49 million, 22 percent less than the previous asking of $4.5 million.
Knoll Estate is part of Park City Knoll Estates, a gated community located in Upper Deer Valley. This 7,218-square-foot estate has six bedrooms, five fireplaces, gourmet kitchen, ski prep room, fitness room with sauna and hot tub, attached two-car garage, and heated walkways and driveway. Knoll Estate has a published reserve of $3.4 million,30 percent less than the previous asking of $4.85 million.
The Lookout is a new 5,866-square-foot estate at upper Deer Valley Resort. There are five bedrooms, a gourmet kitchen, stone fireplaces, vaulted beam ceilings, oversized decks, and a spacious two-car garage. The Lookout has a published reserve of $2.55 million, 54 percent less than the previous asking price of $5.595 million.
A short walk from Park City's Main Street and the Park City Mountain Resort lift is this 3,100-square-foot home with three bedrooms, a gourmet kitchen, two fireplaces, a home theater and a private outdoor hot tub overlooking Park City. This Old Town Park City home has a published reserve of $1.695 million, a 23 percent slash in price from the previous asking of $2.195 million.
A few minutes beyond Park City in Midway is this 7,500-square-foot estate with 360-degree views of Herber Valley, mountains, lakes, hot springs and golf course. The home has 23-foot vaulted ceilings, three bedrooms, five rock wall fireplaces, two gourmet kitchens and an attached guest suite and three-car garage. Midway has a published reserve of $1.495 million, a 53 percent slash in price from the previous asking of $3.2 million.
Stag Lodge is a 3,397-square-foot condominium with private Deer Valley Resort ski-in/ski-out access. The four-bedroom, five-bath home is furnished and has four fireplaces, fitness room and outdoor pool, as well as clubhouse shuttle service. Stag Lodge has a published reserve of $2.9 million,24 percent lower than the previous asking of $3.79 million.