utah real estate

Park City Mega Estate Up For Court-Ordered Auction

A home in Park City, Utah which was once listed at $24 million will try its luck at auction next week. The last asking price for this home on 56 acres was $21.5 million but it will likely go for far less than that. The 6,800-square-foot home has four bedrooms and is right off of the Payday run on Park City Mountain Resort. It has never been lived in.

The kitchen has four dishwashers and multiple Sub-Zero refrigerators. All of the walkways and driveways are heated. A report on local station Fox 13 says that this home was originally supposed to be a guest house for a much larger home. It went into Chapter 11 and then Chapter 7 and is now being sold through a court-ordered U.S. bankruptcy auction. It is being sold with all of its furniture.

The auction takes place on January 25 at the home. A $100,000 cashier's check is required to bid. It is predicted that the home could sell in the $10 to $15 million range. More info is available at the auction website.

Gallery: Up For Auction In Park City

Tags: park city, park city real estate, real estate auction, utah real estate

Dr. J Facing Foreclosure

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping

TMZ is reporting that NBA legend Julius Erving, better known as Dr. J when he played for the Philadelphia 76ers, may lose his St. George, Utah home to foreclosure. Erving has been trying to sell the home for over a year. The 6,572-square foot villa overlooks the Virgin River Valley and has a basketball court with Philadelphia 76ers logos. Dr. J and his family have already moved. Erving, 59, won three championships, four MVPs, three scoring titles and was inducted into the Basketball Hall of Fame in 1993 and is most famous for his slam dunk. He bought the home in 2006 but moved on to according to an article on KSL back in January (the article also has images of the home) he left to capitalize on some business opportunities.

The five-bedroom home in a gated community was listed for $2.25 million earlier this year. Earlier this year, Erving ran afoul of the homeowners' association for violating some of the HOA rules and falling behind on his fees. The organization scheduled an auction of the home to collect nearly $10,000 but the issue was later resolved. A video news report from when the house first went up for sale is after the jump.

Tags: celebrity foreclosure, celebrity foreclosures, dr. j, julius erving, utah real estate

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Le Caille Restaurant Up For Sale

by Deidre Woollard (RSS feed) —

Filed under: Dining

One of Utah's fanciest restaurants, La Caille in Sandy, Utah has been listed for sale. The French restaurant has a chateau-like feel. It sits near a stream on Little Cottonwood Canyon with beautiful views and a location just 10 minutes from Snowbird and Alta ski resorts and 20 minutes from downtown Salt Lake City. The restaurant has four formal dining rooms, five open air patios, and a large grand salon. Given the decor and the 20 acres which are home to peacocks, swans and more, it's no surprise that this is a popular site for lavish weddings. The incredible destination restaurant is listed for $19.9 million with Sotheby's Realty.

Gallery: La Caille at Quail Run

Tags: la caille, restaurants for sale, utah real estate, utah restaurants

11 Park City Luxury Estates Up For Auction

by Deidre Woollard (RSS feed) —

Filed under: Estates, Auctions

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.

Tags: luxury real estate, luxury real estate auction, park city, park city utah, utah, utah real estate

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Homes Up For Auction In Park City

by Deidre Woollard (RSS feed) —

Filed under: Estates, Auctions

Seven homes in the Deer Valley Resort in Park City, Utah will hit the auction block at the end of March. Accelerated Marketing Partners has announced that it will hold a real estate auction for seven Upper Deer Valley Homes at Lookout at Deer Valley on March 27. The auction will be held at th Stein Eriksen Lodge and mimium bids on the homes range from $1.65 million to $2.55 million which is up to 59 percent below the last asking prices.

Lookout at Deer Valley is a 44-acre community of 35 home sites with 270-degree panoramic views of the Deer Valley Resort and Park City ski runs. The seven homes include four and five bedroom homes with original asking prices as high as $5.595 million.Residents can take advantage of a private homeowners' shuttle service with front-door-pickup, taking them to the lifts of Silver Lake and other destinations within Park City. Other amenities include concierge service, a clubhouse with a private owner's lounge, patio grill and fireplace, and a lookout observatory tower. Five of the homes available at auction are ready for immediate occupancy, two of them can be customized and will be ready for occupancy later this year. The homes have vaulted ceilings, wood-paneled doorways and large stone fireplaces. Gourmet kitchens have granite counters and SubZero appliances and master baths offer heated travertine stone flooring and jetted spa tubs. The homes are geared to an active lifestyle with oversized deck, garage space with ski-storage and ski/snowboard racks and mud rooms. More information is available on the auction website.

Tags: deer valley, DeerValley, home auction, home auctions, HomeAuction, HomeAuctions, utah, utah real estate, UtahRealEstate

Park City Contemporary, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

This home in the Park Meadows area of Park City, Utah is a bit of a strange duck. The home has nine bedrooms with over 22,000 square feet of living space. The home is angular and modern and the pictures reveal some really huge spaces. The kitchen seems to have some sort of mirrored ceiling and there seem to be a lot of spaces dedicated to play with both a poker table and a foosball table in evidence. The home's design is so strange that it seems like it would be a hard sale. It is listed at $4.9 million.

Gallery: Park City Contemporary