What is the Typical Park City Home Like?
Real estate in Park City is diverse to say the least. You can purchase luxury ski-in/ski-out estates with many acres of land, simpler one-story homes, condos, townhouses, alpine cottages, and even properties on ski resorts. Homes range from about $400,000 and can go for well over $20 million, with sizes and styles ranging from historic properties to modern spaces designed for electric car recharging and contemporary living.
Is There a Typical Park City Home?
Homes in the Park City area range from a 2,670-acre estate which sold for a record-setting $32.5 million in 2019 to very small condos of under 400 square feet which could sell for under $400,000 in 2021. The city also has different neighborhoods, each with its own typical Park City home:
Old Town. This hilly neighborhood has historic homes, shops, restaurants, and more. Real estate here is a mix of single-family homes, ski-in/ski-out luxury homes, and condos.
Upper and Lower Deer Valley. Lower Deer Valley is within walking distance of Main Street, skiing, and summer concerts. Residents here can choose from single-family homes and condos. Upper Deer Valley is the site of larger luxury gated estates as well as luxury slope-side mountain homes.
Empire Pass. Typical homes in this area include luxury communities and single-family homes.
Silver Creek. Equestrian estates and larger land lots are common for homes in this area. Home sizes can range from over 1000 square feet to over 10,000 square feet and property sizes range from under half an acre to almost 50.
The Canyons. This neighborhood offers traditional single-family homes as well as luxury larger homes. In this area, The Colony at White Pine Canyon is a gated community with large luxury homes in the $8 million to $20+ million range.
Thaynes. Residents here live in condos, luxury homes, and single-family homes. The area is close to Park Mountain Resort.
Just as Park City is a diverse mix of tourists, professionals, younger adults, retirees, and other residents, homes in the area reflect the wide range of lifestyles and needs of Utah residents. Whether you’re looking for a sprawling property or tiny home, Park City likely has it.
What Are Some Features of Park City's Typical Mountain Homes?
Park City has many modern homes, including condos, which have mountain or valley views. These modern homes usually have open-concept layouts with modern features. Large windows and decks or outdoor spaces are found in many homes, to allow residents to enjoy the views and outdoor entertaining. Luxury homes may have additional features, such as theater rooms, elevators, and more.
Historic Park City cottages were built in the late 1800s and 1900s for miners and can still be found in the city. These small homes are part of the annual historic home tour and feature a porch, steep roof, dormer windows, and smaller rooms when compared with today’s houses. Some of these miners’ homes are designated historic properties.
A popular trend in recent years has seen more homeowners interested in buying a tiny home in Park City. Properties with a smaller footprint are often more sustainable and require less energy to heat. As a second home, they are also easier to clean and maintain. Tiny homes have been suggested as a way to offer housing to Park City workers and buying a small home in Park City is in keeping with the town’s history of miners’ cottages.
Why Is the Typical Home in Park City a Good Investment?
Park City has a lot to offer seasonal and full-time residents. Whether you want to live in Park City or are interested in a typical Park City home as a rental or investment, there are lots of reasons why buying in this area is a small move:
It is a tourist destination. Since tourists flock to Park City in the winter for world-class skiing and the Sundance Film Festival, the economy here is robust. It’s always possible to set up a new business to appeal to visitors and residents or rent a second property to vacationers.
Real estate is in high demand. There are only so many areas where new property can be built and with so many people eager to live in Park City, there is a large demand and limited supply. This has allowed the market price of homes in the area to rise steadily, especially since 2014.
It is near amazing recreation. It’s impossible to overstate what Park City has to offer. From Olympic-class skiing and snowboarding to trails for walking and mountain biking, Park City is a haven for outdoor adventure in nearby Rockport and Wasatch Mountain parks. You can fish for trophy trout in the rivers, horseback ride, go shopping, watch celebrities, visit luxury spas, eat in restaurants where royalty have dined, and more. Camping, glamping, sledding, and many other activities are options here and there are always events to bring music acts, art, and more to the city.
It has excellent amenities. The Salt Lake City international airport is 30 minutes away and offers flights all over the world. Park City has excellent schools, stable Internet and cell phone coverage, and excellent medical services.
It has a bright future. The location of Park City is exceptional. The beautiful mountain views, lakes, nature, wildlife, rivers, lakes, and snow conditions mean it will always be a desirable place to live, work, and invest. It is also ideally located close to Salt Lake City airport for easy access to the rest of the country.
For homeowners and investors alike, Park City offers a stable market. If you’re looking at the future, Park City property investment is an intelligent choice because while nothing is guaranteed, this area has been in demand for generations as a premiere tourist and residential area. New businesses and amenities are added to the area each year, just adding to its appeal and value.
What Does Benloch Ranch Offer?
Benloch Ranch is committed to contributing to the beauty, community, and value of Park City. Our community offers a range of home styles, from 2542 square feet to 5035 square feet. If you want a small home in Park City but still want plenty of room for living and entertaining, our homes have plenty of outdoor space for added flow between the natural beauty outdoors and the comforts inside. We’re just outside Park City, surrounded by 2550 acres of amazing views and amenities.
If you’re interested in sustainable living, you’ll love our commitment to the earth. Our policies are designed to protect the land and we even build homes offsite to reduce waste and disruption to the area. Our homes are built to be sustainable, with quality materials offering a luxury experience.
We’re committed to an amazing lifestyle, too. Benloch Ranch residents have the benefit of a concierge service, trails, mountain views, shuttle, retail and dining areas, sports rentals, and many recreation and service amenities. Contact Benloch Ranch today to learn more and to see whether our community might be right for you.
