Park City, Utah is a desirable location that is constantly evolving. With numerous new developments underway, there are plenty of options for buyers and investors to choose from. Here are some of the latest talks of the town's new developments in 2023:

Discovery Ridge: 

Discovery Ridge is a stunning 72-acre mountain residential development located in an ideal spot between Park City and the Salt Lake Valley, surrounded by 1,000 acres of Toll Canyon open space. This beautiful development is a harmonious combination of modern architecture and an outdoor lifestyle, perfectly nestled into a wooded setting that provides direct access to hiking and biking trails. Additionally, Discovery Ridge is conveniently located adjacent to Woodward Park City, which is a year-round action sports resort park that is part of the POWDR adventure lifestyle portfolio.

Single-family homes, townhomes, and plots of land are currently available for purchase, with prices beginning at $280,000 for the vacant plots, and $1.6 million for homes that are already built. The residences come with top-notch features such as Wolf/Sub-zero appliances, zoned heating and air systems, bedrooms that each have their own private bathroom, hardwood floors, luxury master suites with a fireplace, a generously sized shower and a free-standing bathtub, a hook-up for a hot tub, Pella architectural series windows, a whole-house humidifier, two oversized garages that are equipped with a 220V charger, granite countertops, and pre-wiring for a fully automated smart home.

Discovery Ridge allows short-term rentals, with a minimum stay of seven days, which makes it a great investment opportunity. You can enjoy these newly constructed homes in Park City at some of the most competitive starting prices available in today's real estate market.

Price Range: $280K – $2.65M

Time Frame: Pre-construction purchase

The Ascent Hotel at Canyons Village:

 

The Ascent Hotel, which is one of the latest additions to the Park City area, is a modern and opulent hotel that boasts 120 rooms and is part of the Tapestry Collection under the Hilton brand. Designed by Sarah Sherman Samuel, an LA-based designer, this new hotel contributes to the growing condo-hotel market in the Park City area. Situated beside the Frostwood Gondola, it offers one of the finest locations in the development, providing year-round access to skiing, golf, biking, and other outdoor activities throughout the seasons.

Price Range: $639K – $935K

Type: Condo Hotel

Time Frame: End of 2023

Goldener Hirsch:

Goldener Hirsch is an exclusive ski community located in the Silver Lake Village area of Upper Deer Valley, famous for its top-notch skiing and breathtaking mountain vistas. The development comprises 40 contemporary residences that were designed by Tom Kundig of Olson Kundig, who expertly combined modern architecture with sophisticated design.

The condos range in size from approximately 570 to 3,270 square feet and feature two to five bedrooms, with spacious floor plans, high-end finishes, and exceptional attention to detail. Some of the residences are professionally decorated, sold furnished, and have a lock-off to maximize rental revenue.

Residents of Goldener Hirsch have access to a variety of amenities, including a heated outdoor pool, hot tub, fitness center, ski lockers, and underground parking. The community also provides 24-hour concierge service, ensuring that residents have a hassle-free living experience. Detailed floor plans for the condos in Goldener Hirsch are available upon request, giving potential buyers a comprehensive look at each unit's design and layout.

Price Range: $4.6M – $5.7M

Type: Luxury Condo

Time Frame: Complete

Wohali:

Wohali is a community that emphasizes wellness, quality, and a family-oriented healthy lifestyle filled with adventure and fun. The initial phase of this development comprises 25 plots of land, ranging in size from .76 to 6.64 acres. There will be a total of 434 residences in this golf community, which will consist of 131 ranchettes and estate lots, as well as 303 semi-custom residences. The semi-custom residences are located in two villages and feature a range of housing types, including twin and townhomes, penthouses, golf cabins, cottages, and condos.

Price Range: $850K – $1.6M

Type: Vacant Land and Resident

Time Frame: Summer 2022 and Summer 2023

Deer Waters Resort:

Situated on the eastern side of the Jordanelle Reservoir, this townhome community is positioned near the shoreline, offering magnificent views of Mount Timpanogos, Deer Valley Resort, and the upcoming Mayflower development. It comprises 112 twin homes designed with contemporary mountain finishes and reasonably priced for the Park City region, located just five minutes outside of Park City. Buyers can choose from three distinct floor plans, and the units in the front row provide the best views and proximity to the water. The development is a desirable location for long-term residents since it doesn't allow short-term rentals within the community. The townhomes are mainly purchased by full-time and part-time residents for their excellent location and breathtaking views, with easy access to all the amenities the Park City area has to offer.

Price Range: $1.3M – $1.9M

Type: Duplex Townhome

Time Frame: End of 2022-Mid 2023

Velvaere:

The Velvaere is a new real estate community that consists of 115 custom residences including cabins, single-family homes, and custom estates. These residences range from 2,000 to 8,500 square feet and have been designed with a focus on promoting wellness of the mind, body, and soul. The location of this community is on the back side of the Deer Valley Resort, covering 60 acres and overlooking the Jordanelle Reservoir. The floorplans prioritize multi-functional total health and wellness spaces, providing options for yoga, Peloton, and home massages. Buyers can also customize wellness features based on their preferences. The first residences are expected to be completed in 2024. The community is part of Extell Utah's new ski resort at Mayflower Mountain Resort, which offers 4,300 acres of year-round activities like skiing and over 50 miles of hiking and biking trails. The Velvaere aims to promote a holistic and active lifestyle with access to amenities like the 20,000-square-foot Wellness Center with features like Cryotherapy, steam rooms, saunas, therapy plunge pools, home light therapy, and Fitness. Additionally, a 15,000-square-foot Adventure Center provides further amenities like an outdoor pool, hot tub, market, restaurant, rooftop bar, and gear storage.

Price Range: $4M+

Type: Cabins, Twin Homes, SFR

Time Frame: Amenities ready by 2024-2025 ski season

Sommet Blanc:

Empire Pass Deer Valley is the ultimate ski-in, ski-out destination in the renowned Deer Valley® Resort, offering exceptional mountain views and unparalleled snow quality. The final parcel of this exclusive enclave will soon be home to a new addition, Sommet Blanc, featuring easy ski access, a peaceful mountain atmosphere, impressive ski slope views, state-of-the-art amenities, and modern mountain design. Designed by world-renowned architect Tom Kundig of Olson Kundig, Sommet Blanc will boast stunning floor-to-ceiling windows, cantilevered structures, and large patios to maximize indoor/outdoor living for both residences and communal areas. The property includes three slopeside lodges with amenities spread throughout all buildings, located in a secluded area at the top of Empire Pass, offering breathtaking views of the surrounding ski runs and peaks. Each residence features amazing views, and residents can enjoy year-round fun with the extensive amenities on offer.

Price Range: $3.5M – $15.2M

Type: Single Level Residences

Time Frame: Fall/Winter 2024

Marcella: 

Marcella Mountain is a gated community located on the slopeside of the new Mayflower Resort, featuring 150 ski accessible homesites ranging from 0.25 to 8 acres in size. Even the smaller lots allow for a home between 3,500 and 8,000 square feet, with residences up to three stories tall, and owners can use their own builders and architects. 29 lots have already been sold in a pre-release to developer affiliates, priced from $2.3 to $3.75 million, making them some of the best lots in the whole base area development of Mayflower Resort. However, Marcella does not allow nightly rentals, and properties will not be available until late 2024.

Marcella Club is teaming up with Tiger Woods to design a new championship golf course for the private golf community in Park City, which will be the first TRG Design in the mountain west. The 18-hole course is set to be more than 8,000 yards long, making it one of the longest in Utah. Marcella Club plans to offer just 500 full golf memberships for the 36-hole facility, making it one of the most exclusive golf clubs in Utah. Marcella will ultimately feature two courses, which will only be available to property owners. Marcella at Jordanelle Ridge is anticipated to open for play by the 2025 season, and the membership does offer access to a private skier club in the resort village. There will not be any equity memberships, and the developer will own the golf club. HOA and annual club dues will apply.

Price Range: $2.2M+

Type: Vacant land

Time Frame: TBA

These are just a few of the new developments in Park City that are worth considering in 2023. As the real estate market continues to grow, there are always new opportunities for buyers and investors to explore. Working with Tom White of ParkCityHomeSales can help you navigate the market and find the perfect property to meet your needs. Contact us or view the other available homes for sale in Park City.