Deer Valley Condos for Sale in the popular ski town, Park City Utah
There is a great selection of condos in the Deer Valley area to purchase. Deer Valley Resort is one of only a four skier only resorts in the country so it's an appealing location for skiers to buy a ski condo getaway. Many who ski Deer Valley enjoy not having to share the slopes with snowboarders. It is also one of the easiest ski resorts to get to with many non-stop flight destinations to the Salt Lake International Airport which is a short 30-45 minute drive away. You can find at Deer Valley ski in ski out condos or condos a short walk from the ski slopes. Besides full ownership condos there are also fractional ownership condos to purchase. Condo Hotels in Deer Valley have become popular because they tend to offer more amenities and a greater potential for rental revenue than traditional condos.
Location, age and amenities influence the price of condos in Deer Valley.
The Lower Deer Valley area which is located near Snow Park Lodge at the base of the resort offers lower prices relative other other areas surrounding Deer Valley Resort. You can find some ski in ski out condos or condos a short walk or shuttle ride from the ski hill. Condos in this area may start in the low $ 600,000's and go up from there. The 2006 median price for condos in Lower Deer Valley is about $ 949,500. This area was one of the first developed areas at the resort so some of the condos were built in the early 1980's but there are also newer condos to choose from as well. Many of the older condos have been nicely remodeled and give you more square footage for the money.
Just above the Lower Deer Valley area you will find the gated community of Deer Crest. The Deer Crest area is composed of primarily luxury ski in ski out homes but currently under construction in this exclusive gated community is the St. Regis Resort & Residences which is offering ski in ski out luxury condos for sale. The St. Regis Resort & Residences at Deer Crest should be completed some time in 2008. It will offer some of the most opulent amenities the Park City and Deer Valley area has ever seen including ski butler service, a 17,000 square foot spa with salon and fitness center, a ski "beach", two resort style swimming pools, a apres ski lounge, wine / martini bar and a signature restaurant. The 2006 median price for a condo at the St. Regis is about $ 3,050,000. You can choose from either a condo-hotel unit that will come furnished and can be place in a nightly rental pool or one of the exclusive Residences condos which are on the top 3 floors serviced by a separate elevator. The Residence condos can not be placed in a nightly rental pool to offer more privacy to it's exclusive owners.
In the mid mountain area of Deer Valley Resort is the Upper Deer Valley / Silver Lake Village area . There are several great condo developments in this area with some offering ski in ski out opportunities. The Silver Lake Village area offers an incredible array of high end restaurants and shops as well as access to the Silver Lake Lodge at Deer Valley Resort. If you would like a condo that is a short walk to shopping and several restaurants then this area is well suited for you. In 2006 the median price for a condo in the Upper Deer Valley area is around $ 1,745,000. Condos in this area where typically built in the mid 80's to late 90's.
The Empire Pass area at Deer Valley Resort is a fairly new area that is currently under development and offers a great selection of new luxury ski in ski out condos. In this area is the upper lodge called Empire Lodge. It's one of the most beautiful areas of the mountain offering spectacular views and located near some of the most popular ski runs at the resort. There are recently completed condos available as well as pre-construction opportunities. Condos in this area are running around $ 1500 / square foot. Similar properties in Vail will run around $ 2000 to $ 3000 / square foot so they are still a good value relative to other ski resort communities. In 2006 the median condo price is about $ 2,750,000 for the Empire Pass area.
Many condo buyers are considering condo hotels nowadays. At Deer Valley they tend to offer greater rental revenue potential. They also tend to offer more amenities as well as meeting room space. The meeting room space helps increase use of the condos in the off season with use for corporate retreats and meetings. So if you are also looking for a condo that will offer the best possible rental revenue then you may want to consider a condo hotel that offers meeting room space in the facility. There are several to choose from in the Deer Valley area. The property management company that services the particular condo that interests you can provide you the buyer with rental projection data and rental history data. Your local Park City / Deer Valley realtor can help connect you with these companies and their key contacts. Each condo hotel may be managed by a different company.
So if you enjoy skiing without snowboarders and are in the market for a ski condo getaway that is easy to get to then Deer Valley in Park City Utah might be the place to consider. When looking it is best to work with a local Realtor who knows the area to help you find the condo that will best fit you and your families needs as well as help you get all the information you need to make a wise business decision.