Fast on the heels of a recent auction in Park City, Utah
, a new larger auction has been announced. Westgate Resorts will hold an auction for 44 condominium residences at The Lodge at Westgate Park City Resort & Spa, a development in the heart of The Canyons, resort in Park City, Utah. The event will be held on March 28, 2010
and minimum bids for the homes will range from $149,000 to $995,000, up to 56 percent below last asking prices. Advance registration for the auction is required and on-site conventional financing is available. There are no hidden reserves or buyer's premiums.
The new 488-unit project offers amenities and services at The Lodge at Westgate Park City Resort & Spa, including 24-hour concierge service and personal valet service to and from the The Canyons lifts, as well as a full-service, on-site ski and bike shop with private storage lockers and lounge area. The resort also has three pools, including an adults-only indoor relaxation pool and Utah's largest indoor/outdoor resort pool. The Serenity Spa by Westgate has an indoor grotto, lounges and 17 private treatment rooms; indoor/outdoor pool with sauna, steam room and Jacuzzi; fitness center with dance studio, and basketball and tennis courts. The development also has a business and conference center, library and laundry room and dining at the Westgate bar and restaurant, and on-site marketplace and deli. There is also the Westgate Kid's Club providing daily activities for children supervised by a professional staff, video arcade and a playground.
The units in the auction include 11 studio homes ranging in size from 360 square feet to 635 square feet, with minimum bids ranging from $149,000 to $249,000. There are 14 one-bedroom homes ranging in size from 775 square feet to 895 square feet, with minimum bids ranging from $295,000 to $339,000. The 14 two-bedroom, two bath homes range in size from 1,126 square feet to 1,135 square feet and have with minimum bids of $449,000. The largest homes are five four-bedroom homes ranging in size from 1,652 square feet to 2,150 square feet, with minimum bids ranging from $795,000 to $995,000. All residences are fully furnished and have balconies or decks with panoramic views of the Wasatch Mountain range.