Ultra-Luxury Mountain Estate Market Reaches New Heights as $26M Property Heads to Auction
Discover the exclusive Park City estate auction, showcasing luxury mountain living and investment potential in Utah's premier ski destination.
The ultra-luxury real estate sector in Park City, Utah continues to demonstrate remarkable resilience, as evidenced by the forthcoming auction of one of the region’s most distinctive mountain estates. This rare five-acre legacy property, previously listed at $26 million, showcases the enduring appeal of premium ski-accessible homes in this renowned resort destination.
Premium Mountain Living Meets Architectural Excellence
Situated in one of North America’s most sought-after winter destinations, the estate features direct private access to the Tombstone lift base and represents a pinnacle of mountain architecture. The property comprises three thoughtfully designed structures, including a main residence spanning 7,700 square feet, conceived by celebrated architect Fred Babcock.
The compound’s design harmoniously balances luxury with its natural surroundings, featuring soaring ceilings, rich hardwood floors and elegant stone fireplaces. A recently modernised chef’s kitchen serves as the heart of the home, whilst multiple outdoor patios create seamless indoor-outdoor living spaces.
Market Analysis and Investment Potential
Recent market data indicates sustained strength in Park City’s luxury segment. Despite typical election-year uncertainties, the region has maintained stable values throughout 2024, with particular resilience in the ultra-luxury sector. The property market has shown increasing inventory levels, reaching 1,872 active listings by late 2024, offering more options for discriminating buyers.
‘This is a generational opportunity to acquire a true mountain legacy’, notes Paul Benson of Engel & Völkers. ‘Between the direct ski access, architectural pedigree and serene setting just minutes from Main Street, this property embodies everything Park City represents’.
Lifestyle and Amenities
The estate’s additional structures include a refined 1,000-square-foot guest cabin and a versatile 3,166-square-foot entertainment barn, complete with horse stalls and ample recreational space. The grounds feature meticulous landscaping, multiple patios and equestrian facilities, all within a fully fenced perimeter.
Residents enjoy immediate access to more than 400 miles of gold-rated trails, whilst remaining minutes from Park City’s historic Main Street, home to over 100 boutiques, galleries and renowned restaurants. The property’s proximity to both Salt Lake City International and Heber Valley airports, each within 30 minutes’ drive, ensures exceptional connectivity.
Auction Details and Market Implications
The auction will commence on 12 June through the firm’s online marketplace. Starting bids are anticipated between $7.5 million and $14 million, with the auction concluding on 26 June.
Chad Roffers, CEO of Concierge Auctions, notes: ‘With private ski access, architectural excellence and proximity to world-class recreation, it’s truly one of a kind. Our global auction platform offers the perfect stage to showcase such a rare opportunity’.
The sale represents a significant moment in Park City’s luxury property market, where median prices in select areas have seen increases of up to 32 per cent, reflecting the sustained demand for premium mountain properties. The combination of architectural distinction, location and amenities positions this estate as a noteworthy benchmark for luxury mountain properties in North America.
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