Luxury Real Estate Headlines: Third Week in August 2017

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

abc$12,500,000 USD | Park City, Utah | Summit Sotheby’s International Realty

Old Town’s Ultimate Ski Home. An ultra rare opportunity to own a fully furnished, designer residence situated on one of the most coveted addresses; mere breaths away from the ski run and the colossal acreage that now triumphs as the largest ski resort in the United States. A few more steps, and every glittering inch of Historic Main Street is at your beck and call. The brilliant floor plan is designed for maximum, multi-family use; boasting 4 en suite bedrooms, plus a 5th hidden Murphy bed in the Screening Room! The upper level is the quintessential entertainer’s dream; with a wide open flow in the kitchen great room, a full size hot tub with fire pit and custom built-in grill out the back and a huge patio out the front; showcasing the staggering, expansive view overlooking Historic Main Street, the ski run and down valley.

Newport Home of Campbell Soup Heiress Asks $12.5 Million – Wall Street Journal

Southampton Compound with Three Acres Comes on the Market, Asking $25M – Curbed

Kate Walsh’s Encino House Sells for Well Over the Asking Price – Los Angeles Times

Living Large in Truly Tropical Panama City – Mansion Global

Buy Your Own Private Island in Montana – Robb Report

Incredible Tuscan Villa Can be Yours for $1.15M – Curbed

Wedged Between the Ocean and the Mountains, Rio’s Leblon Draws the City’s Elite – Mansion Global

Rhodes ‘Golden Visas’ Lure Buyers to Ancestral Home – Financial Times

Carmel Highlands: An Upscale Bohemian Spot That’ll Appeal to Whale Watchers – Mansion Global

House Hunting in… Toronto – The New York Times

Cannes’s La Californie is a Leafy Area with Sea Views and Easy Access to Top-Notch Shopping and Dining – Mansion Global

10 Vineyard Homes You Can Actually Move Into – Elle Decor

Found: Oldest Known Photo of a U.S. President – The New York Times

Luxury Real Estate Headlines: Second Week in August 2017

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

378$3,650,000 USD | Salt Lake City, Utah | Summit Sotheby’s International Realty

Stunning remodel of a classic estate nestled in the privacy of the guard gated North Cove community. Five minutes from the city yet above the hustle, bustle and smog, the home is situated on 2.10 acres of privacy boasting glorious views!! Current owner has spared no expense with new flooring, new Lutron lighting system, custom ceiling fan, new kitchen and baths. A grand entry featuring a barrel ceiling and custom leaded glass feature adds great drama. Formal living and dining areas lead to an incredible kitchen/great room large enough to host the entire basketball team, yet comfortable and homey. The U shaped architectural design takes full advantage of floor to ceiling windows, private court yard with fountain and pond, covered decks and easy access to the pool. Move right in!!!

This Nantucket Gem is Not Your Ordinary Beach Cottage – Robb Report

A Luxurious and Private Estate Overlooking the Tranquil Napa Valley – Mansion Global

A Feast for the Eyes: Great Homes for Foodies – Financial Times

Inside the 39-Acre Estate for Sale in Connecticut – Forbes

A Shingle-Style Beach ‘Cottage’ in the Hamptons – The New York Times

‘Baywatch’ Co-Creator Lists Malibu Home – Wall Street Journal

Super-Sized Rowhouse Maisonettes in Boston’s Back Bay – Mansion Global

20 of the Largest Homes for Sale in America – Architectural Digest

For Sale: 17 Homes Seeking $100 Million or More – Forbes

Conchas Chinas: A Beach Lover’s Paradise with Rising Property Value – Mansion Global

Sotheby’s to Auction Fux Restaurant’s Wine Cellar in HK – The Drinks Business

August 2017 Salt Lake County Real Estate Market Video Update

August 2017 Salt Lake County Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in Salt Lake County for the previous month. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Salt Lake County – Single Family Homes: Active inventory was down 21% from 2016 with 2,309 units on the market and up 2% from the previous month. The median listing price was just over $424,900. The average days on market was down 4% from 25 days in 2016 to 24 days in 2017. The median sales price was just under $325,000. The averages for units sold in the month of July decreased 12% for units sold year over year and decreased 20% decrease month over month with a total of 1,094 units sold.

Salt Lake County – Condominiums: Active inventory was down 29% from 2016 with 560 units on the market and down 12% from the previous month. The median listing price was just under $269,800. The average days on market was down 4% from 24 days in 2016 to 23 days in 2017. The median sales price was just under $230,000. The averages for the month of July show a decrease of 2% for units sold year over year and down 12% over the previous month with a total of 369 units sold.

To find out more about all our local real estate markets, watch our 60-second market videos at: www.summitsothebysrealty.com/market-update

August 2017 Greater Park City Real Estate Market Video Update

August 2017 Greater Park City Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in the Greater Park City area for the previous month. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Greater Park City Area – Single Family Homes: Active inventory was down 15% from 2016 with 813 units on the market and down 1% from the previous month. The median listing price was $1,350,000. The average days on market was down 15% from 81 days in 2016 to 69 days in 2017. The median sales price was $730,000. The averages for units sold in the month of July increased 32% for units sold year over year and decreased 7% decrease month over month with a total of 127 units sold.

Greater Park City Area – Condominiums: Active inventory was down 18% from 2016 with 410 units on the market and down 10% from the previous month. The median listing price was just over $872,000. The average days on market was up 42% from 64 days in 2016 to 91 days in 2017. The median sales price was just under $500,000. The averages for the month of July show a decrease of 25% for units sold year over year and down 22% over the previous month with a total of 57 units sold.

To find out more about all our local real estate markets, watch our 60-second market videos at: www.summitsothebysrealty.com/market-update

Luxury Real Estate Headlines: First Week in August 2017

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

modrn$2,500,000 USD | Deer Valley, Utah | Summit Sotheby’s International Realty

What’s this, a newly renovated townhouse in the Silver Lake area of Deer Valley? Renovated back to the studs & unused since completion you ask? Why yes and very tastefully so in a mountain modern theme with 4 bedrooms, 3 of which have ensuite bathrooms, 2 family rooms, up and down laundry, large mudroom, generous dining room, spacious deck, an attached 2 car garage and compared with similar units… relatively low HOA’s. And with quick access to the ski runs? There certainly is, only around 80 yards so an easy walk in your boots and you’ll be heading off downhill.”

Fort Lauderdale, Florida’s Priciest Listing Hits Market for $32 Million – Mansion Global

Five Homes for Childhood Adventures – Financial Times

5 of the Most Extraordinary Swimming Pools Around the Globe – Robb Report

A Private, Waterfront Australia Home with Its Own Marina and Helipad – Mansion Global

This House in California is Surrounded by Glass Walls to Take Advantage of the Amazing Views – Contemporist

7 To-Die for Homes Along Florida’s Scenic 30A – Coastal Living

Montauk Hither Hills Home with 6,900 Square-Feet Comes on the Market, Asking $6.75M – Curbed Hamptons

River Oaks Mansion Built for George R. Brown Listed for $10 Million – Houston CultureMap

House Hunting in… Sicily – The New York Times

One of Kiawah Island’s Priciest Homes Sells for $15.25 Million – Mansion Global

Homes that Sold for Around $1,000,000 – The New York Times

Aston DBR1 Could Hit $20M at RM Sotheby’s Monterey, Could Break British Car Record of $21.75M – Forbes

Luxury Real Estate Headlines: Last Week in July 2017

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

st george home$1,490,000 USD | St. George, Utah | Summit Sotheby’s International Realty

One-of-a-kind Ledges home on .97 acres with unobstructed views in all directions. Contemporary design with vertical oak cabinetry and concrete flooring. Custom throughout with top of the line appliances and finishes. Private, entrance and courtyard. This home sits atop of Snow Canyon State Park over looking the Ledges’ 14th green. Seasonal waterfalls from the red cliffs and natures beauty surrounds. Spectacular views greet your from the moment you enter the home. The gourmet kitchen features subzero stainless appliances and concrete countertops. Two fireplaces, a 2.5 car garage gives you flexibility to store your cars & toys.

Gold Coast Mansion Could Beat Local Price Records – Mansion Global

Better with Age? Napa Valley Vineyard Estate Relists One Year Later at $42 Million, a 10% Bump – Forbes

Homes with a Bright Future: Five Colourful Properties – Financial Times

Sotheby’s International Realty Executive Says Consumer Confidence is Strong Across the Globe – Mansion Global

Harvey Weinstein Cuts Hamptons Home Price to $12.4 Million – Wall Street Journal

Property of the Week: A Dutch Eco-Home Built into the Earth – The Spaces

6 Beautiful Homes Near National Parks – The Week

A Southern-Style Manor in New Jersey with Porches Galore – Mansion Global

6 Stellar Holiday Homes for Sale Right Now – The Spaces

A Young Waterfront Property in Connecticut with an Old Soul – Wall Street Journal

Dubai Villa Sells for AED100 Million – Mansion Global

A Wave of Luxury Sales Buoys Hamptons Property Market – Wall Street Journal

The Coolest Eco-Friendly Homes on the Market Right Now – Elle Decor

Wild 2006 Lamborghini Concept S Offered at RM Sotheby’s Monterey Sale – Automobile Magazine

Summit Sotheby’s International Realty Update for August 2017

Summit Sotheby’s International Realty Update for August 2017

Park_Record_Double_Truck_7-1Like No Other – Not all real estate brokerages and teams are alike. From in-house marketing and creative services, to full-scale operations, we have worked tirelessly to assemble of team of innovative, passionate experts. The Summit Sotheby’s International Realty team goal? Be exceptional in business, in our communities, and to our clients. We invite you to get to know us and to explore the top five reasons why the sales associates and staff of Summit Sotheby’s International realty are like no other.

  • Brand HeritageThe blue sign, classic branding, and a world-wide network backed by the 273-year heritage of the Sotheby’s Auction House. This powerful collaboration enables us to market directly to auction house clientele.
  • Online SyndicationOnly with Summit Sotheby’s International Realty will your property have a presence on over 5,000 websites, including the most trafficked news, lifestyle, and luxury real estate websites in the world.
  • Million Dollar MarketingSummit Sotheby’s International Realty is Utah’s only real estate brokerage with an in-house, full-service advertising agency. Our team understands how to drive sales through polished marketing efforts.
  • PhilanthropyOur passion for real estate is only matched by our passion for our community. With donations to SSIR Cares at $550,000 and counting, this program is not about real estate, it is about gratitude.
  • TeamOur goal: Be exceptional to one another. Be exceptional in business. With a 4-to-1 sales associate to employee ratio, our clients have the daily support of a robust real estate team providing them attentive customer service.

Spend the Summer with Summit SIR Recap

When we talk about how Summit Sotheby’s International Realty and our sales associates differ  from the competition, we typically talk about market share, significant sales, and global brand power. The truth is, one of the biggest differences is our connection to our community, our clients, and our friends.

We had a fantastic time at our annual 4th of July party, hosted at our historic 625 Main Street office in Park City. Clients, friends, and family, all decked out in their patriotic attire, packed our offices and enjoyed breakfast and refreshments as the parade made its way down Main Street.

We also came together to enjoy a night out, under the stars, at the Deer Valley Music Festival.  Our sales associates invited their clients, family, and friends, for a special VIP experience that only the team at Summit Sotheby’s International Realty could pull off. Guests were greeted by huge smiles, a catered dinner, Summit Sotheby’s International Realty swag,  wine and spirits, and of course, music of The Beach Boys with the Utah Symphony Orchestra.

With summer in full swing, we look forward to seeing you at our next Summit Sotheby’s International Realty event.

Photos from our 4th of July Event
Photos from our Deer Valley Music Festival Event

Summit SIR Development & New Construction Update

FOX_3292Governor Gary R. Herbert and local officials recently joined the Eccles Family, development partners, and Summit SIR sales team to celebrate the ground breaking of the Goldener Hirsch Residences – the newest luxury real estate project in the Silver Lake Village at Deer Valley. The Goldener Hirsch Inn is expanding to include 39 luxury residences on the last remaining parcel in Deer Valley’s Silver Lake Village. World renowned architect Tom Kundig and acclaimed designer Todd Avery Lenahan have combined to create a unique amenity rich property that includes a stunning roof top pool and hot tub with amazing views.

Promontory – Just in time for summer, the newly opened 11.5-acre Beach House invites everyone to relax and have fun. As the only luxury second-home mountain community of its kind to offer its own exceptional beach oasis, The Promontory Club Beach House property boasts more than 1,000 running feet of white sandy beach and a stunning 2.5-acre Saddle Lake. 

Montage Residences Deer Valley – Montage Residences Deer Valley sold and pended 5 residences in the last 5 months. Limited availability remains with only 15 developer residences available and one resale. Two bedrooms from $2,800,000, Three bedrooms from $2,900,000, and four Bedrooms from $3,490,000. Onsite Sales Gallery is open daily from Noon-5pm or by appointment.

Roundabout – Four distinct luxury residences located on the edge of Old Town in Park City, just a few steps from the center of Historic Main Street, allowing for easy access to the Transit Center and Town Lift. Three bedroom homes range in size from 3,516 to 4,364 SF, from $3,150,000, each with private parking garages, heated outdoor patios, and private elevators.

Empire Residences is truly a unique real estate opportunity and includes twenty ski-in, ski-out condos at the base of the Silver Strike chairlift in Deer Valley’s Village at Empire Pass. Pre-construction pricing is now available for these ski-in, ski-out residences with mountain modern design and dramatic vista views.

High Star Ranch is nestled in the high mountain valley of Kamas backing up against the Uinta National Forest on 1,049 acres. Come to live, visit, dine—or take in an intimate concert, conquer the bike trails, ride a horse, hike the back country or just relax in an incredible country setting. Current lot offerings are available in the North Meadows neighborhood and homes in the Thorn Creek subdivision will be available soon.

Victory Ranch is a gated community outside Kamas, Utah with panoramic Deer Valley views on 6,700 acres along 4 miles of the upper Provo river. With very low density, it offers members unparalleled outdoor adventure including outstanding fly fishing, a 5 stand double barrel shotgun shooting, a Rees Jones designed golf course, a Park City Main Street ski-on/out lodge, yurt camping, snowmobiles, Polaris Rangers, clubhouses with pools, fitness, water slide, paddle tennis a spa and much more.

Deer Vista – Park City’s most exciting new community. Located just north of the Jordanelle,  Deer Vista has a perfect location with competitively priced lots offering quick and easy access to the arts and recreation that Park City and Deer Valley® are renowned for. Deer Vista is a gated, private community with remarkably low HOA dues. Residents enjoy direct recreational access and coveted panoramic views of Jordanelle Lake and the Wasatch Back. Contact us for a private tour and learn more about the developer’s generous incentives.

Wasatch Springs is located between Park City and Kamas, Utah and is now under construction. Offering three and four bedroom homes, two-car attached garages, affordable HOA dues ($135/month) and nightly rentals,  this is an incredible value just five miles from Park City. Starting from the mid $400,000’s and developed by Holmes Homes.

Jordanelle Estates at the Retreat – Located just north of the Jordanelle, The Retreat lies only seven miles from historic Main Street in Park City. Of the ten available homes at Jordanelle Estate at the Retreat, 8 have sold and are either complete or under construction. The remaining two homes are set on .5 and .6 acres respectively and will be approx. 4,200 sq. ft.  with significant views.

River Meadows Ranch – Located between Midway and Heber City on the Provo River, the River Meadows Ranch is almost sold out! The views from every lot at River Meadows Ranch are nothing short of spectacular and the remaining two lots are high on the hill with stunning, expansive views.  The 6 acre lot is available for $449,000 and the 8 acre lot for $549,000.

North Fork Meadows – Surrounded on the south side by open space and the North Fork of the Ogden River, the North Fork Meadows community in Liberty includes protective covenants and access to a community park and neighborhood trail.  The twelve lots have culinary, secondary water, natural gas and electric stubbed to each lot.

Sundance Ridge – Build on one of the most spectacular view lots in the Wasatch Range and look out on stunning vistas that include Snowbasin Ski Resort, Powder Mountain, Ogden Valley, and Pineview Reservoir. Located at the highest point on Old Snowbasin Road in Huntsville, water and power are stubbed to this development of only four world-class lots.

The Ridge at Spanish Fork is a luxurious townhome community located on the east end of Spanish Fork with panoramic views of Mt. Timpanogos, Maple Mountain and Spanish Fork Peak.  The Ridge redefines the way you live with all the amenities of a luxury resort and a maintenance free lifestyle—including an incredible clubhouse with a fitness center and an indoor/outdoor pool.

Horseshoe Mountain Ranch Estates is located just outside of Spring City and called by Forbes Magazine one of “America’s prettiest towns.” The ranch estates offer a gated entry to the community and common spaces for all residents to enjoy, such as a trout lake, 40 acres of irrigated greenbelt, a sandy beach and various pavilions. There are only 10 lots still available at the Horseshoe Mountain Ranch Estates, with land parcels ranging from 5-40 acres of land.

Encanto is Southern Utah’s premier luxury vacation home community. Owning a home at Encanto allows you to experience the freedom of vacationing in your own home with the ability to also rent your unit nightly and weekly.  Encanto is located on Snow Canyon Parkway just minutes from Tuacahn and Snow Canyon and offers some of the area’s best hiking and biking trails.

Please contact your local Summit Sotheby’s International Realty sales associate for more information on any of these developments.

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FOX_3292

Eccles Family and Local Leaders Celebrate Groundbreaking of Goldener Hirsch Residences

PARK CITY – Governor Gary R. Herbert and local officials joined the Eccles Family, development partners, and Summit Sotheby’s International Realty team to celebrate the ground breaking of the Goldener Hirsch Residences – the newest luxury real estate project in the Silver Lake Village at Deer Valley.

Since 1992, the Goldener Hirsch Inn has been owned and operated by the philanthropic Eccles family, whose Utah roots date back to the late 1800’s. The Eccles family has contributed close to $1 billion to Utah causes since the 1960s and and has been an integral part of the development of the skiing industry in Utah.

Spencer P. Eccles kicked off the ceremony by talking about the Eccles family memories of the Goldner Hirsch Inn and their family ties to Deer Valley.

Governor Gary R. Herbert spoke about Utah and Deer Valley hosting the 2002 Olympic games, the impact of luxury real estate investments and the leadership of private sector, and how the Goldner Hirsch Inn expansion is an investment that represents confidence for our growing Utah economy and ski industry.

Bob Wheaton, President and General Manager of the Deer Valley Resort, talked about the great impact this new development at Goldener Hirsch Inn will have on the Silver Lake Village as well as the entire Deer Valley community.

Spencer F. Eccles, financier and philanthropist known for his leadership with the Wells Fargo Corporation and other industries, spoke on his passion for skiing and his work with the USSA and the 2002 Olympic Games held in Utah.

Hope Eccles was proud to announce that the Goldener Hirsch Inn had been awarded the “Best Ski Boutique Hotel” in the World Ski Awards for the second time in three years. The award-winning restaurant has earned a wide range of accolades including Best of State in 2016, “Extraordinary” from Zagat, and Top Restaurant recognitions from Condé Nast Traveler, Salt Lake Magazine, The Park Record and Salt Lake Tribune.

Many local organizations, financial institutions and government leaders played a role in developing this project such as Olson Kunding, Okland Construction, Think Architects, TAL-Studio, UDC, Park City and Summit County planning commission members.

A LIMITED OFFERING OF CONTEMPORARY RESIDENCES ON THE LAST REMAINING PARCEL IN SILVER LAKE VILLAGE

This exciting real estate opportunity is located on the last remaining parcel in Silver Lake Village and will be the first of its kind in over a decade. World renowned architect Tom Kundig has designed a modern interpretation of a mountain ski lodge complemented by sophisticated interiors by Todd-Avery Lenahan. Their combined talents have delivered something truly unique for Deer Valley. Connecting the new Residences to the iconic Goldener Hirsch Inn is a Bridge Plaza that provides a wonderful outdoor gathering space. Additional amenities include a front check-in lobby and library lounge, valet parking, concierge, bellman, courtyard patio and fire pits, conference center, spa treatment rooms, ski-prep room, on snow ski storage, aprés-ski lounge, game room, konditorei, and a stunning rooftop patio with a pool and hot tub boasting amazing views.

The groundbreaking concluded with a special Realtor® event in which the Summit Sotheby’s International Realty sales team were able to present the development and answer questions from the top real agents in the region.

Sales reservations begin August 4th, 2017 and the expected completion date for the project is the summer of 2018. Learn more by visiting GoldenerHirschBrochure.com or downloading the sales brochure at GoldenerHirschBrochure.com

Greater Park City Market Update | Q2 2017

Q2 2017 SSIR Market Update

Summit Sotheby’s International Realty has released information about real estate markets in the Greater Park City area for the 2nd Quarter of 2017.

Market data provided includes Average List Price, Average Sold Price, Average Monthly Supply of Inventory among others for 25+ distinct Park City market areas and is broken out by Single Family Homes and Condominiums and Vacant Land.

PCMLS areas include: Aerie, Deer Crest, Empire Pass, Glenwild – Silver Creek, Jeremy Ranch, Jordanelle, Kimball Junction, Lower Deer Valley® Resort, Upper Deer Valley® Resort, Old Ranch Road, Old Town, Park Meadows, Pinebrook, Promontory, Prospector, Silver Springs, Summit Park, Sun Peak – Bear Hollow, Thaynes Canyon, The Canyons, Trailside Park, Heber – Daniels, Midway – Charleston, Timberlakes, Kamas – Marion, Oakley – Weber Canyon, Wanship – Hoytsville – Coalville – Echo and Henefer,  Woodland – Francis.

Ask a Summit Sotheby’s International Realty REALTOR® for help interpreting these charts.

Luxury Real Estate Headlines: Third Week in July 2017

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

wild ranch$2,500,000 USD | Oakley, Utah | Summit Sotheby’s International Realty

The Wild Webe ranch is a rare, stunning, property with approximately 1/4 mile of both sides of the Weber River above the point of diversion allowing for exceptional fly-fishing and hunting opportunities. The property boasts privacy, beauty, exceptional views, and is situated in an alpine setting in Weber Canyon. Only 25 minutes from Park City Mountain and Deer Valley, and seconds from direct access to the Uinta National Forest, recreation is abundant. Percolation tests have been completed along with a feasibility study with potential building locations noted. Property includes irrigation water, culinary water can be obtained through Weber Basin. The possibilities are endless with this amazing property! Sale includes 40 acres, parcel ID: CD-276, a recreational property.

Live Long and Prosper in this Trekkie’s $30 Million Florida Mansion – Bloomberg

Miami Heat’s Tyler Johnson Lists Home for $5.25 Million – Wall Street Journal

Singapore’s Priciest Penthouse is on the market for S$108M – Haute Residence

Sotheby’s International Realty Brand Enters Roatán – Sotheby’s International Realty

On your Bike: Five Properties for Cyclists – Financial Times

A Palladian Villa in Italy, Listed for $45 Million – The New York Times

Tennis Icon John McEnroe Sells Southampton Home for $11.25M – Mansion Global

Historic River Oaks Home Built for George R. Brown asks $10 Million – Houston Chronicle

6 Beautiful Homes in Colorado – The Week

Kiawah Island Home Sells for $15.25M – The Post and Courier

A Secluded Residence Near Johannesburg’s Bustling Financial Center – Mansion Global

California Beach Cottage Asks a Cool $1.5M – Curbed

House Hunting in… Brittany – The New York Times

Neil Armstrong’s Bag Containing Traces of Moon Dust Sells for $1.8M – CBS News

Legendary Harrah’s Ferrari Daytona Comes to RM Sotheby’s Auction Monterey – Forbes