NOT LISTED FOR SALE

Estimated Value: $752,000 - $1,655,000

1.41 Acres
$825,986 Price per Acre
61,420 Sq Ft Lot

Last Sold November 04, 2024

Current estimated payment $6,999/month

259 Days on Market

Highlights

  • Views of Ski Resort
  • Property fronts Roosevelt Channel
  • Fitness Center
  • South Summit High School Rated 9+
  • Steam Room
  • Private Membership Available

About This Lot

As of November 2024

A rare lot offering the most desirable features within the amenity-rich mountain community of Promontory, this custom homesite has panoramic mountain views, unobstructed sunrise and sunset views, and the convenience of location near Promontory Club's Equestrian Entrance Gate. The large 1.41-acre flat, slightly sloping lot makes for an easy build, and is located on a quiet cul-de-sac situated near the newest Promontory amenities at the Sage Hills Clubhouse and The Hills Par-3, 18-hole Golf Course and Cascade Greens, the 18-hole Putting Course. Adjacent to Promontory's 30+ miles of premier hiking and biking trails, this custom homesite offers a generous building envelope, allowing ample space to position your dream home to take full advantage of the stunning sunsets and mountain views. Located just minutes from Historic Main Street, Deer Valley, Park City Mountain Resort and convenient shopping at Kimball Junction. A social membership to the Promontory Club is available by separate transaction with Promontory. Promontory Club is the perfect four-season mountain club for all ages, offering a wide array of amenities and activities for the whole family including golf courses, pools, tennis, pickleball, fitness centers, spas, casual and fine dining restaurants, ski shuttle and private ski lodges at Park City Mountain Resort and Deer Valley.

Last Listed By

Brian Wilson

Summit Sotheby's Realty License #5482107-AB00 Listed on: 01/18/2024

Summit Sotheby's Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,382

Lot Details

  • 1.41 Acre Lot
  • Property fronts a private road
  • Cul-De-Sac
  • Gated Home
  • Natural State Vegetation
  • Sloped Lot

HOA Fees

  • $133 Monthly HOA Fees

Property Views

  • Ski Resort
  • Mountain

Horse Facilities and Amenities

  • Riding Trail

Utilities

  • Natural Gas Connected
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number Palsds-44

Community Details

Overview

  • Association fees include security
  • Private Membership Available
  • Association Phone (435) 333-4063
  • Visit Association Website
  • The Palisades Subdivision

Amenities

  • Steam Room
  • Shuttle
  • Clubhouse
  • Elevator

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Community Spa
  • Horse Trails
  • Trails
  • Property fronts Roosevelt Channel
  • Ski Mountain Lounge
  • Ski Shuttle
  • Ski Club Membership

Security

  • Building Security System

Property Details

Property Type

Land

Est. Annual Taxes

$4,382

Lot Details

0

HOA Fees

$133 per month

Listing Details

  • Prop. Type: Land
  • Road Frontage Type: Gated, Private Road
  • Road Surface Type: Paved
  • Property Sub Type: Residential
  • Lot Size Acres: 1.41
  • Subdivision Name: The Palisades
  • Contract Info:Short Sale: No
  • Contract Info:BankLender Owned: No
  • Property Info:Tax ID: Palsds-44
  • Property Info:Apx Taxes: 4382.0
  • Property Info:Tax Year2: 2023
  • Property Info:Access: Year Round
  • Size of Lot:Apx Lot Size (SqFt)3: 61420.0
  • Size of Lot:Apx Acres3: 1.41
  • Property Description:Gradual Slope: Yes
  • Property Description:Natural Vegetation: Yes
  • Views:Mountain(s): Yes
  • Utilities:Cable Available: Yes
  • Utilities:High Speed Internet Available: Yes
  • Utilities:Phone Available: Yes
  • Sewage:Public Sewer: Yes
  • Recreation Access:HikeBike Trail - Adjoining Property: Yes
  • Views:Ski Area: Yes
  • Water:Public2: Yes
  • Road Frontage Type:Gated: Yes
  • Road Frontage Type:Private Road: Yes
  • Utilities:Electricity Connected: Yes
  • Utilities:Natural Gas Connected: Yes
  • Recreation Access:Horse Trail: Yes
  • Property Description:Cul-De-Sac2: Yes
  • Ski Resort Access:Ski Shuttle: Yes
  • Ski Resort Access:Ski Mountain Lounge: Yes
  • Ski Resort Access:Ski Club and Shuttle: Yes
  • Special Features: VirtualTour

Exterior Features

  • Other Structures: None
  • Lot Features: Cul-De-Sac, Gradual Slope, Natural Vegetation
  • View: Mountain(s), Ski Area

Utilities

  • Utilities: Cable Available, Electricity Connected, High Speed Internet Available, Natural Gas Connected, Phone Available
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • MembershipAmenitiesGolfMembership: Not Available
  • MembershipAmenitiesMembershipAvailable: Yes
  • MembershipAmenitiesOtherMembership: Not Available
  • MembershipAmenitiesSocialLifestyleMembership: Available
  • AssociationOccupant:HOA Dues: Yes
  • AssociationOccupant:HOA Dues2: 400.0
  • AssociationOccupant:HOA Dues Frequency: Quarterly
  • AssociationOccupant:HOA Contact: Logan Finlayson
  • AssociationOccupant:HOA Contact Phone: 435-333-4063
  • AssociationOccupant:HOA Website: www.promontoryclub.com
  • Common Area Amenities:Clubhouse: Yes
  • Common Area Amenities:Fitness Room: Yes
  • Common Area Amenities:Pool: Yes
  • Common Area Amenities:Tennis Court(s)2: Yes
  • Common Area Amenities:Fire Sprinklers2: Yes
  • Common Area Amenities:Pets Allowed wRestrictions: Yes
  • Common Area Amenities:Shuttle Service2: Yes
  • Common Area Amenities:Security System - Entrance: Yes
  • Association Fees Include:Com Area Taxes2: Yes
  • Association Fees Include:Insurance2: Yes
  • Association Fees Include:Maintenance Grounds2: Yes
  • Membership Amenities:Ski Club Membership: Available
  • Association Fees Include:Maintenance Exterior2: Yes
  • Common Area Amenities:Steam Room2: Yes
  • Common Area Amenities:Other6: Yes
  • Common Area Amenities:See Remarks39: Yes
  • Common Area Amenities:Elevator(s): Yes
  • Common Area Amenities:SpaHot Tub: Yes
  • Association Fees Include:Security3: Yes

Condo/Co-op/Association

  • Amenities: See Remarks, Spa/Hot Tub, Elevator(s), Clubhouse, Fire Sprinklers, Fitness Room, Pets Allowed w/Restrictions, Pool, Security System - Entrance, Shuttle Service, Other, Steam Room, Tennis Court(s)
  • Association Fee: 400.0
  • Association Fee Frequency: Quarterly
  • Phone: 435-333-4063
  • Association: Yes

Fee Information

  • Association Fee Includes: Security

Lot Info

  • Horse Amenities: Riding Trail
  • Lot Size Sq Ft: 61419.6
  • Parcel #: Palsds-44
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4382.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2024
Closed on
Oct 22, 2024
Sold by
Ream Bryan and Ream Natalie M
Bought by
Riggs Trenton and Whitehead Neil
Seller's Agent
Brian Wilson
Summit Sotheby's Realty
Buyer's Agent
David Spinowitz
BHHS Utah Properties - SV
List Price
$1,000,000
Sold Price
$750,000
Premium/Discount to List
-$250,000
-25%
Total Days on Market
259
Views
23
Current Estimated Value
$1,164,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$414,640
Avg. Annual Appreciation
106.51%
Original Mortgage
$500,000
Outstanding Balance
$498,934
Interest Rate
7.75%
Mortgage Type
New Conventional
Estimated Equity
$555,667

Purchase Details

Listed on
Jan 25, 2019
Closed on
Nov 10, 2020
Sold by
Stanley Paul and Stanley Maria Rosa
Bought by
Ream Bryan and Ream Natalie M
Seller's Agent
CHRIS JEAVONS
Summit Sotheby's Realty
Buyer's Agent
Brian Wilson
Promontory Realty LLC
List Price
$395,000
Sold Price
$320,000
Premium/Discount to List
-$75,000
-18.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.86%

Purchase Details

Listed on
Apr 13, 2016
Closed on
Apr 28, 2016
Sold by
Promontory Development Llc
Bought by
Stanley Paul and Stanley Maria Rosa
Seller's Agent
Cindy Corbin
Summit Sotheby's Realty
Buyer's Agent
Cindy Corbin
Summit Sotheby's Realty
List Price
$450,000
Sold Price
$450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.28%

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Riggs Trenton -- First American Title Insurance
Ream Bryan -- Metro National Title
Stanley Paul -- Summit Escrow & Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riggs Trenton $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2024 11/04/24 Sold -- -- --
10/04/2024 10/04/24 Pending -- -- --
09/20/2024 09/20/24 Price Changed $950,000 -5.0% --
01/18/2024 01/18/24 For Sale $1,000,000 +153.2% --
11/13/2020 11/13/20 Sold -- -- --
10/16/2020 10/16/20 Pending -- -- --
01/25/2019 01/25/19 For Sale $395,000 -12.2% --
05/11/2016 05/11/16 Sold -- -- --
04/18/2016 04/18/16 Pending -- -- --
04/13/2016 04/13/16 For Sale $450,000 -- --
Source: Park City Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $4,382 $755,820 $755,820 $0
2022 $4,376 $655,820 $655,820 $0
2021 $3,022 $365,820 $365,820 $0
2020 $3,229 $365,820 $365,820 $0
2019 $2,874 $300,820 $300,820 $0
2018 $2,301 $240,820 $240,820 $0
2017 $2,215 $240,820 $240,820 $0
2016 $2,368 $240,820 $240,820 $0
2015 $2,329 $230,820 $0 $0
2013 $1,035 $95,820 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Park City Board of REALTORS®

MLS Number: 12400203

Park City Board of REALTORS®

APN: PALSDS-44