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Mountain Town Living

By Ramon Gomez, Jr.
Feb 17, 2021

The Park City area real estate market not only survived but thrived in 2020, one of the few industries that did not suffer during the COVID-19 pandemic - according to The Park Record. In a press release summarizing real estate performance in the past year, the Park City Board of Realtors said it was expecting a severe depression in the market but that “expected housing slump … failed to materialize.” The market showed strong appreciation, with notable increases in average and median sale prices.

“Fears that the market might be facing a slow, sustained recovery period were short lived,” the release stated. “While the market dipped quickly in April, by mid-June the market had recovered fully and by year’s end 2020 had set records across the board for sales totals and median prices.”

Park City tops Travel+Leisure's America's Best Mountain Towns. Whether you're looking for outdoor adventure or a luxurious retreat, America's best mountain towns have something for every type of traveler. During the winter months, these towns offer world-class skiing and snowboarding, and come summer, visitors can enjoy hiking, rafting, mountain biking, and more — they're truly year-round destinations. From Aspen's pristine slopes and luxury hotels to Asheville's vibrant art scene and Leavenworth's European feel, these mountain towns offer unique experiences and stunning scenery.

Park City, Utah - Under an hour's drive from Salt Lake City, Park City is best known for skiing and Sundance. Of course, there's more to the city than that — in the winter, visitors can snowshoe, snow bike, snowmobile, and more, while summer travelers can enjoy fly fishing, golfing, horseback riding, and rafting, among other activities. There's a full range of accommodations, ranging from Airbnbs to five-star hotels, so there's something for every budget and travel style. Click here to see all ten mountain towns.

We wrap up this week's blog with 24 Decorating Ideas That’ll Make the Most of Your Mantel Year-Round from Apartment Therapy. If you’re lucky enough to have a fireplace mantel in your home, you know just how much fun it is to style that area, whether you want to decorate it for the holidays, to welcome a new season, or to use it as a spot to showcase your favorite art or collectibles. We will share the top ten, CLICK HERE to see all 24.

1. Opt for clean and modern - A few pieces of chic artwork and touches of gold make the mantel in this sleek West Hollywood abode look picture-perfect.

2. Rustic done right - Exposed brick and lots of charming old wood are part of what makes this stunning New Orleans home the gem that it is. A few small but intentional decorative touches added to the mantel only make it that much more jaw-dropping, letting the interesting architecture speak for itself.

3. Throw a plant party - It’s almost as if the space above fireplaces was made for housing your ferns and philodendrons.

4. Try a double decker - One mantel is great but two? Talk about dreamy! This artsy Australian home shows how you can make this concept work. Visitors will marvel at this interesting set up, which includes two rows of cute pictures, but it won’t feel too busy visually for you.

5. Be selective - All you really need on a minimalist mantel is a few thoughtfully placed trinkets—a small stack of books, a vase, a candle. If items echo the rest of the colors in your room, these pieces can help tie the whole space together while adding a touch of personality.

6. Create a Scandi vibe - A stack of books always makes for easy, affordable decor—just raid your shelves and pick out a few titles that speak to you. You can also grab branches and greenery from your backyard (if you have one), and create different levels in your design scheme by using books to prop different pieces up at different heights.

7. Add a letter board - Propping up a letter board with a fun quote is a great way to welcome guests into your home and show off your wit. We also like the addition of a small lamp and mirror, which can help throw light around a space.

8. Glam up your mirror - Hanging a wreath over a mirror atop the mantel adds a cheerful pop of green to the space that will look lovely year round. Decorating with florals here—either real or faux—is always a good choice. You can go the garland route, or display a bouquet or a single stem in a sculptural vase.

9. Display artwork front and center

While it’s often common practice to hang a TV above a relatively low mantel, that certainly isn’t a requirement! Instead place an oversized piece of abstract art.

10. Keep it utilitarian - In a small space, sometimes less is more. Try only placing a lamp and plant on top of it. The whole look is very mid-century modern and streamlined—but not sterile because of the soothing pops of green and blue these couple of pieces add.

 

Home Mortgages

By Ramon Gomez, Jr.
May 26, 2020

This week we are reviewing mortgage applications, remodeling regrets and 5 Spectacular Road Rides in and around Park City.

Buyers are reemerging in the housing market much faster than anticipated and Realtor Magazine shares that Mortgage Applications Continue Surprising Rebound. Mortgage applications are often an indicator of future home buying activity, and applications for home purchases have increased for five consecutive weeks. After increasing 6% last week compared to the previous week, applications for home purchases are now just 1.5% lower than a year ago, the Mortgage Bankers Association’s seasonally adjusted index shows. The rebound is significant considering purchase volume was down 35% annually just six weeks ago as the U.S. ramped up its battle against the COVID-19 pandemic.

Record low mortgage rates and strong pent-up demand are bringing home buyers back to the market as states begin to reopen. The average contract interest rate for the 30-year fixed-rate mortgage decreased from 3.43% to 3.41% last week (with 0.33 points on the loan). Refinance applications, meanwhile, are falling. Applications for refinancings dropped 6% last week and reached the lowest level in activity in more than a month. However, refinance applications are still 160% higher than a year ago as homeowners continue to lock in lower rates.

Realtor Magazine has another great article in Homeowners’ 5 Biggest Remodeling Regrets. Remodeling any aspect of a home can be a big job and a lot can go wrong when owners aren’t adequately prepared. Houzz, a home remodeling website, asked a panel of renovating experts the most common remodeling blunders they see. Here are a few of their responses.

Not budgeting properly. Underestimating the costs of a project can be a dire mistake that could leave homeowners either with an unfinished property or having to incur a financial loss. Have a detailed budget so you don’t run out of money. Remodeling experts advise always including a 10% to 20% buffer in the budget for any unexpected costs when tackling a remodel.

Assuming DIY will save you money. Remodeling experts call it the “DIY trap,” and rookie remodelers are especially prone to it. It’s not always cheaper to do a project yourself. It may not look right and could take triple the amount of time to complete than if you would have just hired a pro. “Limit your DIY tasks to things such as painting and simple landscaping jobs, and dedicate your time to project managing the renovation,” experts told Houzz.

Selecting the cheapest contractor. Another common pitfall is to go with the cheapest quote from a contractor. You don’t want to have to redo poor work. Don’t just focus on the affordability of a contractor’s quote but evaluate fully what it specifies, experts recommend. Gather quotes from at least three contractors and compare them in detail. Also, evaluate the quality of their work through project photos and professional recommendations.

Failing to describe what you want accurately. Know exactly what you want before you start and use the right words to describe it. Create idea books; search online for ideas online or in magazines; and have a specific list of layouts and finishes you desire. Become familiar with the proper terminology of those looks and finishes so you communicate them correctly to the pros, the experts recommend.

Not researching the material options. In the same regard, choosing materials often requires some homework. Builders or contractors may fall back on the same materials they always use, but that doesn’t always mean those are right for the project. “Spend time researching the various materials options available—including looks, price, pros and cons, sustainability, durability, and which ones are best suited to your location, and take this information to your builder,” Houzz notes. “Armed with this knowledge, you can decide together the most suitable materials and finishes for your project.”

View more common remodeling mistakes at Houzz.com.

Thinking about a bike ride, the team at Park City Magazine have a new article that we wanted to share - Biking Guide: 5 Spectacular Road Rides in and around Park City.

Empire (a.k.a. Guardsman) Loop - Length: 35 miles - Start on Kearns Blvd (Hwy 248), heading east toward Kamas. Take in some jaw-to-the-floor views—and steep uphill—with this heart-pumping, grueling ride. Head out of town on Highway 248 toward pastoral Kamas, approximately 14 miles. Roll past some pastures, and turn right onto Lambert Lane, then right onto Hill Top Road, then right onto SR 32, which turns into River Road after crossing Hwy 40 (look for fly-fishermen as you near the Provo banks). Then, turn right onto Pine Canyon Road and dig in for a serious climb, skirting Wasatch Mountain State Park and up to Guardsman Pass. When the road comes to a T above Midway, take a right and ascend to the summit overlooking Deer Valley Resort’s chutes, the state park, and beyond. Take a breath in the thin air (well above 9,000 feet at this point) and then start the fun descent down Hwy 224 (Marsac Avenue), either continuing to Old Town via the fast mine road or taking Wheaton’s Way connector (on the right, just before the old silver mine) to switchback down Royal Street and return to Old Town via Deer Valley Drive.

Brown’s Canyon Loop - Length: 30 miles - Start on Kearns Boulevard (Hwy 248), heading east toward Kamas. Roll into rural Summit County as you hop off of Highway 248 onto North Democrat Alley (2000 W) via a left turn, a quieter cruise (i.e., virtually no traffic). You will encounter a small section where asphalt gives way to some packed road base, but the majority is hard surface with more cows and horses than vehicles along the way. Turn left onto Wooden Shoe Lane into Peoa (keep an ear out for a concert in the park), which turns into SR 32. Turn left up Brown’s Canyon and pop back onto busy Highway 248 for the return to the “big” city.

Old Ranch Road/Home Depot Loop - Length: 15–16 miles, depending on route. From Old Town, head north on Highway 224 and turn right onto Old Ranch Road, shortly after passing the Canyons base of Park City Mountain. Quick with relatively limited elevation gain, this close-to-town loop is perfect for getting acquainted with the local landscape. Weave through Old Ranch Road—past neighborhoods, alfalfa pastures, and horse property—turn right at the frontage road (Highland Drive), and then turn left to cross over Highway 40. Take a right in front of Home Depot on the frontage road back to the intersection with Highway 248, and turn right to head back into town. Or, get away from vehicular traffic and do not hop over Highway 40, instead taking Highland Drive to the paved Silver Quinn’s Trail. Continue on the trail system past the Park City Ice Arena and under Highway 248, and turn right onto the Rail Trail—thereby staying on trails rather than heavily traveled road back into town.

Weber Canyon (out and back) - Length: 60 miles or more, depending on how far out one rolls. Start on Highway 248 and take Brown’s Canyon to Wooden Shoe Lane, which turns into Rob Young Ln (W 3700 N). Then, turn left on SR 32 and continue straight through on N New Lane, and turn right on Weber Canyon. This tree-lined country ride leads to Smith and Morehouse Reservoir, part of the Uinta-Wasatch-Cache National Forest land, which means the occasional camper may overtake a Weber Canyon–bound cyclist. But for the most part, this is peaceful pedaling. Once you arrive at the Smith and Morehouse turnoff, the rest of the ride is hard-packed gravel.

Wolf Creek Pass (out and back) - Length: 80-ish miles. Park at the South Summit Aquatic Center in Kamas (or ride there via Highway 248 and SR 32 through Kamas for extra miles). Think sunflower-strewn meadows and backside views of the Uinta-Wasatch-Cache National Forest. Start this adventure on Lower River Road to Woodland, then take a right at the red church onto Bench Creek Road, and continue onto SR 35 to Wolf Creek Pass. Crank those pedals a total of 50 miles to Hanna, or keep going. The road is paved all the way to Duchesne, 30 miles farther.

Before you go - Mountain weather is changeable, so layer up. Take altitude into consideration; don’t be afraid to stop for your oxygen-depleted lungs’ sake or to make way for a moose, and bring plenty of water and snacks to avoid bonking. Grab a Mountain Trails Foundation (mountaintrails.org) map, available at most sports retailers and coffee shops (or online) to plot your route, or download Trailforks or MTB Project apps for real-time GPS guidance. And consider purchasing a copy of Park City’s Prime Cuts 3, the newest edition of the go-to trail guidebook by longtime local riders Paul Boyle, Mark Fischer, and Charlie Sturgis (available at local retailers).

Special thanks to Scott House of White Pine Touring, Charlie Sturgis of Mountain Trails Foundation, Ben Liegert of Snyderville Basin Recreation, Todd Henneman of Storm Cycles, and Chris Erkkila of Deer Valley Resort for sharing trail- and road-riding expertise.

Growth in 2020

By Ramon Gomez, Jr.
Jan 08, 2020

2020 is in full swing and according to Forbes Utah Ranks Among The Fastest Growing States In The Nation - Here’s Why. Utah’s economy is booming thanks to a combination of strong employment growth, a vibrant tech industry and collaboration between business, labor and government. The Beehive State ranks among the fastest-growing states in the nation, with a 1.9 percent growth in population from 2017 to 2018 and is the youngest state in the nation with a median age of 30.5 years.

Despite falling fertility rates, Utah continues to have the largest household size in the nation at 3.19. Ninety-one percent of the population in Utah lives in an urban setting and the population continues to diversify racially and ethnically. Following the release of the July 2019 employment numbers for the state of Utah, the U.S. Bureau of Labor Statistics data shows Utah is ranked No. 1 for total job growth in the nation at 3.6%. In addition, Utah is ranked No. 1 for private sector job growth at 4%. For unemployment, Utah is ranked No. 5 at 2.8%, tied with Hawaii.

In 1997, the nonprofit Envision Utah launched an unprecedented public effort aimed at keeping Utah beautiful, prosperous, healthy and neighborly for future generations. The initiative brought together residents, elected officials, developers, conservationists, business leaders and other interested parties to make informed decisions about how the state should grow. Housing was one of the cornerstones of that vision. Utah’s population had been growing slowly through the 1970s and early 1990s, said Robert Grow, president and CEO of Envision Utah. “We began to grow very rapidly as our economy really started to take off. We had new industry clusters, including high-tech, that were growing. And because of that, the state and the public became very focused on growth in the ’90s.”

Utah’s labor market includes approximately 1.6 million people, most of them concentrated along the Wasatch Front, a chain of contiguous cities and towns stretched along the Wasatch mountain range. The state’s unemployment rate in October stood at a very low 2.5%.

Utah’s thriving tech sector is driving much of the state’s success, helped by its deep talent pool and relative affordability compared with other growing tech hubs. Proximity to other Western tech centers, the region’s large and growing talented workforce and lower real estate costs have spurred development of Silicon Slopes, the hub of Utah's startup and tech community, and the University of Utah Research Park, also known as Bionic Valley, a bioengineering epicenter on the campus of the University of Utah in Salt Lake City.

Approximately 3 million people live in Utah. By 2050, the population is forecast to nearly double to 5.4 million. Grow noted that Utah has been one of the few places in the country where over 20 years the state undertook a significant effort to make certain there were jobs for everybody and that incomes were growing.

Utah’s unemployment remains at a near record low in Salt Lake City. Grow said, “We have the lowest unemployment in the country, and because of that people are coming here. People are staying here because there are good jobs. So keeping up with that housing market has been a challenge. We’ve been building more housing units in Utah than we’ve ever built before. But there are a number of things going on right now to help with that housing. One is the mix of housing has been changing, so we have a lot more multifamily opportunities. Another thing that has happened is our largest home builder, Ivory Homes, is working with the universities and is offering a major financial award and competition every year on how we can improve housing in the state. And Ivory Homes actually has a special program now to help school teachers, first responders and others find housing in the community.”

“One of the things that came out in the quality growth strategy was civic will to build a really good public transportation system. And so we built public rail faster than anywhere in America over the last 15 to 20 years. We have a very good mixture of transit systems here. We have a major backbone of commuter rail system that’s 92 miles long that runs up and down the Wasatch Front. And then we have all these light rail lines that go off of it. We have bus rapid transit, we have street cars. People who come to Utah are shocked to see this fabulous transit system in what is viewed as a Western conservative state.”

So, with that knowledge here is What You Need to Know About Buying a Home in 2020. Millennials, expect a slew of housewarming party invites to start rolling in. The general consensus is that millennials will be dominating the home-buying market, thus shaping many 2020 trends.

Here’s why: In 2020, millennials will be reaching some key life milestones. Nearly five million millennials will be turning 30, which is a time when many people start getting serious about buying a home, according to an analysis from Realtor.com. But then the oldest members of this generation—let’s call ’em the elder millennials—will be approaching 39, which is a time when people start looking to move from the city to the ‘burbs in search of more family-friendly amenities (i.e. trading a condo close to the best happy hour spots for a backyard equipped with a swing set). Collectively, millennials will account for more than 50 percent of all mortgages by the spring, according to Realtor.com.

So, here’s looking at you millennial buyers. These six home buying trends are expected to come into play in 2020.

Inventory Will Be Low - Inventory shortages, which have been plaguing buyers since 2015, will continue in 2020 and could even reach historic lows, predicts Realtor.com. This is especially true in the entry-level category, which poses a tough hurdle for first-time buyers. Inventory is low partly because Boomers and Gen-Xers are staying in their homes longer, or buying second homes instead of selling their first, explains Philadelphia-based realtor Jim Armstrong. If Gen-X buyers look to upgrade, it could free up some of those hard-to-come-by entry-level homes. In addition to low inventory, first-time buyers are also competing against investors who can make all-cash offers, as well as older buyers who are putting more money down, points out Ohio-based Realtor Michelle Sloan.

We’ll Want Our Homes to Be Smaller - America, we’re downsizing. Sprawling suburban homes are becoming dinosaurs, an ongoing trend that Zillow has zoomed in on and predicts will continue into 2020. The median square footage of newly built, single-family homes has been decreasing over the past five years. In fact, the typical U.S. home has shrunk in size by more than 80 square feet since 2015, according to statistics from the U.S. Census Bureau. Millennials prefer homes in urban areas, with restaurants and parks and other amenities within walking distance—not mansions in the suburbs.

The Market Will Be More Colorful - Expect some bold pops of color in the open houses you tour in 2020. Though we’ve really been flirting with this trend (think: color-saturated front doors) for years, Zillow predicts color is staging a mighty comeback after almost a decade of minimalism, neutrals, and subdued Scandinavian modern designs. Look for color in lighting fixtures, on interior doors, moldings, kitchen cabinetry, and appliances.

You Might Be Able to Come in with a Low Down Payment - “Due to the strong demand, lenders have continued to roll out loan options for well-qualified buyers,” says Jason Kraus, broker at RE/MAX Advanced Realty in Indianapolis. You probably already know you don’t need to put down 20 percent (though, it can help you avoid Private Mortgage Insurance, or PMI). But, Kraus says, lenders have continued to provide low-down payment options, including 3 percent and 1 percent down on conventional loan options. That’s even lower than the 3.5 percent down you’d need to scrape together for an FHA loan.

Mortgage Rates Will Remain Low - Interest rates fell in 2019 and are expected to remain low for most of 2020, experts predict, including those at Zillow. While that’s generally a great thing for buyers, it will keep demand strong, which could mean more price growth in the parts of the country where homes tend to be more affordable. So, this is a good news-bad news situation.

Buyers Will Look for Move-In Ready Properties - Because the starter home inventory has been so low, many first-time buyers have been willing to take on some pretty hefty “Fixer Upper”-style projects so that they can break into the real estate market. But buyers in 2020 will be less willing to do those bigger makeovers.

“Simply put, today’s first-time buyers are busy and unable to take on a renovation project prior to moving in,” says Barbara Ireland, a real estate agent from DJK Residential in New York, New York.

Skyscrapers

By Ramon Gomez, Jr.
Sep 11, 2019

Last week we shared that the millennial population represents approximately 23 percent of the Utah population which makes sense that Downtown Salt Lake City is increasingly a hub for young, tech-savvy workers who live and play among the skyscrapers. The Salt Lake Tribune shares that Salt Lake City’s downtown is thriving — and changing. Young, educated and tech-smart workers are moving into condos and apartments close to their jobs and a host of new restaurants, bars and theaters across the business core.

A new study, commissioned by the Downtown Alliance, representing merchants in the heart of Salt Lake City, has documented that growth in the working-age population, comparing it to other large cities in the West. Its key finding: Utah’s downtown workforce is more tech based but also on the lower end of the national salary scale for that sector.

The availability of highly skilled workers is a leading factor — more important than office rents or other metrics — for companies deciding to locate in Salt Lake City, said Matthew Vance, senior research director and economist for CBRE, who led the research. And as Salt Lake City’s downtown continues to flourish along with Utah’s overall economy, that talent pool is giving it a competitive edge among major cities such as Denver, Portland, Seattle, Boise, Omaha and Austin. It is also pushing related growth in markets for office space, residential units, hospitality and retail outlets. “Job growth is the driving force for all things real estate,” Vance said.

Matt Baldwin, board chairman for the Downtown Alliance, said “the future for Salt Lake City’s downtown has never been brighter. The economy is growing and the skyline is rising.” Baldwin noted that five major high-rise projects would get underway in 2020, adding nearly 100 stories to the skyline between them, along with 2 million square feet of new office space and hundreds of apartments and hotel rooms.

Along with the pending renovation of the Salt Lake Temple by The Church of Jesus Christ of Latter-day Saints, he said, those projects will make next year the city’s “Year of the Construction Crane.” Commissioned by the Downtown Alliance and conducted by analysts at real estate firm CBRE, the study finds that Utah’s capital ranks high among comparable cities, many with larger populations, for the recent growth in its working-age population.

Those workers are younger — median age just above 32 — and have more technology degrees per capita than their counterparts in at least six other metropolitan areas. And at least in the technology sector, the average wages in a range of top jobs are lower here than in Seattle, Denver, Portland and Austin, CRBE found. Only similar workers in Omaha and Boise had lower average wages, at $70,349 and $66,556 yearly, respectively, compared to Salt Lake City’s average annual wage of $71,710.

This probably why Salt Lake City is also the Best City for Young Entrepreneurs. Small Biz Trends shares which cities are most popular with young entrepreneurs between the ages of 25 and 34 and Salt Lake City comes in first. The rankings reflect the percentage of young entrepreneurs to the overall population in metropolitan areas of the United States with over 50,000 people. We also identify factors such as industry clusters, lifestyle, infrastructure, costs, workforce availability and a thriving entrepreneurial community nearby.

1. Salt Lake City - Known for its booming tech industry leading to the area’s designation as part of the Silicon Slopes, Salt Lake City is a magnet in the western U.S. for young entrepreneurs. Today, 1,973 young entrepreneurs call the city home, accounting for .17% of the population. Plenty of networking and a welcoming business community are hallmarks of Salt Lake City. Entrepreneurs like Robert Brady, the Founder of Righteous Marketing says he travels from his home base in Idaho down to Salt Lake regularly to network and connect with other entrepreneurs. “They are an amazing group of people.”

2. Oklahoma City - Often called simply OKC, the city is also OK with young entrepreneurs.

3. Denver - Millennial migration to Denver is now well documented. So the presence of so many young entrepreneurs in the metro area is a no-brainer.

4. Seattle - The city that launched Kurt Cobain and the Grunge revolution is still young at heart.

5. Los Angeles - LA is home to 15,409 young entrepreneurs. That may make it sound like the city deserves a higher ranking here. But in the behemoth that Los Angeles is, that number represents only .12% of the metro population.

6. Portland - Oregon’s largest city keeps young entrepreneurs busy and when not working on their businesses, these young entrepreneurs have plenty to do in Portland’s unique culture that celebrates “weird.”

7. Tampa - The city’s major industries include finance, retail and insurance, But the local economy is also buoyed up by shipping, national defense, professional sports, tourism and real estate.

8. Minneapolis - The city trails only Chicago and Detroit as the largest economic centers in the Midwest. And it is home to such Fortune 500 companies as Target, U.S. Bancorp and Ameriprise Financial.

9. San Diego - San Diego is named for a Spanish saint but the metro area is clearly revered by young entrepreneurs as well.

10. San Jose - Located in California’s Silicon Valley, the area is already known for tech entrepreneurs. And there are many young entrepreneurs too — a total of 2,156 of them work in the metro area making up .11% of the population.

Sometimes we need to relax and here are 6 Tremendous Spa Treatments for the Athlete (and Weekend Warrior) by Park City Magazine. Recover from hard-charging, on-mountain fun with these specialty massages, salty floats, and more.

Foot Zoning

Park City Massage and Spa (formerly Silver Mountain Spa) In addition to all the classic spa treatments, Park City Massage and Spa’s robust menu offers everything from jet lag recovery to Cranial Sacral Therapy to body mapping. One unique option for athletes is Foot Zoning, done by intuitive wellness and certified foot zone therapist Wendy Wise. Using massage that taps into the nerves on your feet (which connect to corresponding areas in your body), foot zoning “improves circulation and the body’s ability to communicate with itself and detoxify,” Wise says. “We nickname it the ‘Ph.D. level of reflexology’ because people have heard of reflexology, but it’s much more than that—it’s easiest to understand once you experience it.” By focusing on your feet, Wise says she can strategically open structural space and help oxygenate the entire body. You’ll learn a lot about your immune and hormonal systems and overall health in the process, too.

Alpine Body Rescue

Spa Montage Deer Valley To alleviate muscle pain and tension from outdoor endeavors, Spa Montage Supervisor Dominic McKenzie recommends the Alpine Body Rescue, a strong-pressure massage that includes a therapeutic heat pack and aromatic blend to relieve neck and shoulder tension. For a more relaxing head-to-toe treatment, he also suggests the Seasonal Renewal, a blend of full-body exfoliation and dry brushing followed by a hot stone massage and grounding foot treatment.

Float Therapy

SYNC Float Center Athletes have long used Epsom salt baths to recover from hard workouts, and float therapy amplifies those pain-relieving benefits. During a 30- or 60-minute float, you’ll be immersed in a pod filled with water and 1,000 pounds of magnesium sulfate, which allows you to float on the surface. “There are three different therapies going on during a float,” explains SYNC co-owner Justin Hunter. “Magnesium absorbs into the skin and helps relax tension and lowers stress response, facilitates healing, and increases antioxidant production.” Also, the water allows you to spread out over the surface and elongates your muscles—great for compressive sports like mountain biking or skiing—and the sensory reduction enhances focus, clarity, and creativity. “Research has shown that an hour float is equal to four hours of sleep as far as what the body can get done,” Hunter says.

High Mountain Foot Recovery

The Spa at Hotel Park City Runners and hikers putting in high mileage should consider the High Mountain Foot Recovery, a therapeutic 25-minute massage that combines reflexology techniques with a skin hydration treatment. Hotel Park City also has a full lineup of treatments, including skin, hair, and nails, with a sauna and eucalyptus steam room to relax in afterwards.

Ninety-Nine 90 Therapeutic Leg Recovery

RockResorts Spa at The Grand Summit, Park City Mountain Named after the iconic expert lift at Park City Mountain, this leg-focused massage (50 or 80 minutes) at Canyons Village’s RockResorts Spa is useful for yes, skiers, but also anyone who uses his or her leg muscles in a big way. “The therapists focus on the legs to move out the lactic acid and they know which muscles need to get worked on the most based on what activities the athlete is doing,” says spa concierge Sally Smith. The treatment includes a cooling aromatic compress on your legs in combination with targeted compressions, stretching, and pressure-point massage to regenerate muscles and eliminate swelling.

CBD Massage Experience

Align Spa Tapping into the anxiety-reducing and pain-relieving properties of CBD, Align Spa allows you to upgrade your massage—Swedish, Reflexology, Deep Tissue, and more—with a CBD experience. Using wide spectrum raw hemp, CBD oil is incorporated into your full-body massage followed by a custom tea blended with CBD, and a take-home muscle relief or calming bath bomb.

Second Quarter Park City Market Update

By Ramon Gomez, Jr.
Jul 27, 2016

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The total sum of all sold transactions in Park City from the first six months of 2016 suggests steady, but measured growth. The total volume of sales, roughly $800,200,000, is up 12% from the same time last year. This increase in sales volume can be attributed to a 20% increase in Single Family homes during the first six months of this calendar year.

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Sales volume is up: The number of closed properties in Park City showed a recovery from a slight downturn in the first quarter of this calendar year. Looking year-over-year, closed sales have remained fairly flat the last four years with the number of closed transactions at the second quarter benchmark remaining right around 400.

Sales are steady and have been for the last four years: Listing inventory in Park City, while still a bit constrained, has remained level for the last 12 months. There are currently 1,186 listings as of July 1 of 2016 compared to 1,170 from the same time last year, suggesting a stabilized inventory level.

Listing inventory has remained steady at around 1,000 active listings for the past 2 years: The current absorption rate, which is the rate at which available homes are sold in a specific market during a time period, suggests a much higher demand for anything under $660,000 for condos and anything under $1.6 million for family homes. Condos under $660,000 have an absorption rate of 4.6 months; whereas, condos over $660,000 have an absorption rate of 15.4 months. As the absorption rate is calculated by looking at the ration between available homes and monthly sales, these indicators suggest the importance of accurately pricing with the help of a seasoned professional. Overall, the absorption rate is gradually decreasing.

The absorption rate is decreasing, suggesting the importance of accurate pricing and strong buyer demand at the right price point: Prices are increasing both in and around Park City at a steady clip. Since January of 2012, the median price of single family homes in Park City has increased at an average of 7.2% per calendar year. The rolling median is up 12% from 2015, with the average price of single family homes increasing at a rate of 12.8%, suggesting a bullish local market. Prices are increasing, but a gradual rate.

The Condominium Market is also doing well and here are some tips to help you prepare your condo for the Park City market.

Decide when to sell your condo - time of year, current competition in your building and similar buildings, your personal goals and the state of the overall real estate market will affect the sale of your condo.

Prepare your condo for sale - declutter, stage every room for optimal use, and clean every inch. Optimize your storage by decluttering parking space(s) and lockers too.

Pricing your condo - important factors include views, ceiling height, layout, location in the building and the size of the condo. Supply & Demand in your building and similar buildings will affect price as well as recent renovations, maintenance fees, developer upgrades, parking, outdoor space, amenities, reputation of building and the ratio of renters to owners.

Marketing - your agent will market your condo with high resolution photos, brochures, flyers, videos, 3D tours, host open houses and be at every showing.

Our team is here to help market OR find your next home or condominium in the Park City area. Let us put our 18+ years of service to work for you.

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Click here to view our Berkshire Hathaway Living Mountain Real Estate Guide

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Click here to view our Berkshire Hathaway Local Neighborhood Guide

Visit our website for more information or give us a call to discuss Park City real estate.

Beautiful Homes in Park City

By Ramon Gomez, Jr.
Jun 08, 2016

This week we would like to share a sampling with you of some of the beautiful homes and land we have listed for sale in the Park City area.

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7097 Glenwild Drive is a truly special single floor living home. The wide open floor plan has spectacular views of both ski resorts and the Olympic Park. This home is finished in the most elegant and extraordinary ways - Luna Bronze stone fixtures are inside and outside the home; with three water features - one at the front entrance, one inside the home that is part of a 11,500 lb. rock feature, and one on the back porch. The four car garage has built-ins and the master bedroom has his and her bathrooms with one featuring a heated stone tub.

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12928 S Hickory Knolls Ct is in Draper with contemporary elegance and special attention to craftsmanship, such as wood carved doors, beautiful light fixtures, all within a floor plan that will fit you like a glove. The kitchen and great room offer the perfect setting for entertaining your friends and family inside and outside with views to savor from every room. Located on a quiet cul-de-sac, this home offers privacy and a secluded fully landscaped backyard. An extremely large Master Suite on the main floor offers a see-thru fireplace, private sitting area and your own private deck.  The main floor garage has room for four cars while on the lower level this is a large 10+ car garage with 14 foot doors, storage and it's own bathroom.

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3284 Big Spruce Way came on the market and immediately went under contract. This beautiful home is in the Pinebrook community of Park City.

 

 

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7418 Glenwild Drive is a palatial home accessed via a custom designed heated driveway lined with immaculate landscaping highlighting the local flora. Located in the prestigious, secluded and gated Glenwild Golf Community with over 11,000 square feet this home will capture you with its superior design, elegant lines and striking details. This immaculate home offers spectacular views of Park City, America’s largest ski resort, and sits on the Tom Fazio designed 14th hole at Glenwild, Golf Digest rated #1 Utah golf course since 2001.

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9601 Eagle Crest Lane is a stunning 17 acre lot that is perched high in The Preserve, offering you spectacular views of the Park city valley below and America's largest ski resort. Being at the end of this short street provides the new owner with privacy and views galore. This property also backs up to 408 acres of Open Space. Come and see why this could be the very best lot for the price.

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1333 Snowberry Street in Glenwild is a must see. This exquisitely finished home has unobstructed views....Sit out at the fire pit as you enjoy the mountain views and sunsets.. or slide over to the hot tub located on the precipice of this lot. The dueling staircases are just one of the several highlights of the expansive great room/kitchen/dining area... all with views worth savoring. Radiant flooring heat will keep you toasty warm in the winter while sitting in front of the massive stone fireplace in the great room. The master bedroom is on the main floor with its own sitting area, steam shower and views from your bed of the mountains.

MooseHollow.jpeg4047 Moose Hollow Road is that "Special Home" in Park City that is not the run of the mill mountain home, you need to come and see this very elegant, finely appointed quality constructed home in the gated community of Moose Hollow. The main floor of this home has Australian Jarrah wood floors, a Cherry Paneled Library, formal dining room, Crystal chandeliers, crown moldings, miles of uninterrupted views and privacy. This home has a kitchen that chefs love with a butcher block island, Subzero, Bosch, and Dacor Appliances. The guest bedrooms are large and have on-suite baths. The spacious master boasts floor to ceiling windows, large walk-in closets, and a marble master bath. Other features include: an outdoor swim spa with electric cover,  4 car garage, large mud room, exercise room, family room, game room, lower level walk-out and a craft/office room. This location provides you with extremely easy access to both Salt Lake City and to Old Town Park City.

Exterior_1800x1200_2276465Looking for a home to rent in the prestigious Glenwild community... 7710 Purple Sage is calling. Give me a call to find out more information about this stunning home or any other homes in this blog

Golf Community Market Report

By Ramon Gomez, Jr.
May 29, 2016

 

Park City is known for great snow, picturesque mountains, and North America’s largest ski resort; but did you know that there are seventeen golf courses within thirty-two minutes of Old Town? Check out our Golf Community Market Report to see both Single Family Homes and Vacant Land available/sold at many of our fine golf communities in the Park City area. (Promontory Pictured Above)

Seven of these courses are private clubs located within five private gated communities, Glenwild, Promontory, Tuhaye, Red Ledges, Victory Ranch (Promontory and Red Ledges each have two golf courses). There are two other fine private courses located in Park City…Park Meadows and Jeremy Ranch.

(Red Ledges Pictured Above)

Our eight public golf courses are extremely well maintained and a joy to play all with the bonus of very reasonable green fees. I have personally played all but three of them and I am here to tell you that golfing in Park City area is like Heaven on Earth. Park City provides mild temperatures, well maintained greens and fabulous mountain views from every golf course.

(Tuhaye Pictured Above)

As I have managed private clubs for over 15 years, in several fine resort locations, it is my professional and personal opinion that you will not find a better golfing experience anywhere. Whether you wish to join an exclusive private club or play one our fine public courses, you will not be disappointed.

(Victory Ranch Pictured Above)

If you would like to find out more about the Park City Golf Community give me a call and I would be happy to help you find your next slice of Heaven.

Glenwild Golf Community

By Ramon Gomez, Jr.
May 25, 2016

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Glenwild was developed by DMB Associates of Scottsdale AZ who have done several quality developments around the Southwest and Hawaii. This Tom Fazio designed golf course has been rated the number one private golf course in Utah by Golf Digest ever since the day it opened. As a golf community it is extremely well designed, with the golf course never crossing a “road” and only having homes on one side of the fairway…not both sides like most developments. Also the cast path never crosses a road and the home-sites are set way back from the course.

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Glenwild is currently over 50% built-out with 211 lots ranging from just under a half acre to 7 acres in size. This location is north of Kimball Junction putting you in the closest location to the areas most people are desiring… and of course less than 15 minutes to Deer Valley Ski Resort, with Park City Mountain Resort only 7 and 12 minutes away, and the Salt Lake City Airport only 32 minutes away.

We are proud to share our listings in Glenwild and if you visit our website you will have access to every single home on the market in Glenwild as well as the rest of the Park City area.

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1333 Snow Berry Street  was recently filmed by Jay Deher of Berkshire Hathaway in SLC who has a Sunday afternoon TV show on Channel 4 showcasing real estate for the Salt Lake City news team and this link will take you to the home tour and more information on this beautiful home. This exquisitely finished home has unobstructed views. You can sit sit out at the fire pit as you enjoy the mountain views and sunsets.. or slide over to the hot tub located on the precipice of this lot. The dueling staircases are another one of several highlights of the expansive great room/kitchen/dining area and all have views worth savoring.

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Our next home on the market is the absolutely stunning 7418 Glenwild Drive with over 11,000 square feet, superior design, elegant lines and striking details. This immaculate home offers spectacular views of Park City, America’s largest ski resort, and sits on the Tom Fazio designed 14th hole at Glenwild, Golf Digest rated #1 Utah golf course since 2001.

 

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And coming soon... 7097 Glenwild Drive is a truly special single floor living home. The wide open floor plan has spectacular views of both ski resorts & the Olympic Park. This home is finished in the most elegant & extraordinary ways: Luna Bronze stone fixtures, 3 water features, private back patio, an 11,500 lb rock fountain, heated stone around tub with a heater to maintain water temp,  and four car garage with built-ins.

The Importance of a Great Agent

By Ramon Gomez, Jr.
Apr 13, 2016

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The wife and I moved here in 2001 when I was the opening General Manager for Glenwild Golf & Spa and we fell in love with Park City. We decided to make the move here permanent, so for the last decade we have focused on selling luxury homes and properties in the Park City area after a forty year career in hospitality. In 2014 we decided to expand our team and brought in Sara Sergent, a Realtor, with a background in Human Resources and organization management.

In the greater Park City area we work with individuals selling their first homes, second homes and even third homes. We make it our priority to attend showings and most importantly - communicate with you. We have our professional photography team capture the best of your home and our marketing campaign reaches thousands each week. We are involved in the community, reach out to our network routinely, and constantly share your home in local and national publications and internet campaigns.

We also work with buyers from across the country and are always on the lookout for our clients needs. Whether you are moving into another home in Park City or moving in from out of state our team is here to help search out the perfect property for you. We help you every step of the way from on-line tours to in-person tours to going under contract as we help you navigate the seller's market.

Call us today so we may share with you our listing presentation or find you your next home here in the Park City area.  Put our team's 18 years of real estate service to work for you.

Facebook        www.realtorramoninparkcity.com

Ramon Gomez, Jr. Associate Broker, ABR, RSPS, SFR, PCBR                         Berkshire Hathaway HomeServices - Luxury Collection Specialist 435-640-0590

Judy Gomez, SFR, ePro - Berkshire Hathaway HomeServices

Sara Sergent, NAR Green Designation - Berkshire Hathaway HomeServices

If you already have a strong working relationship with a Park City Realtor we are by no means trying to interfere with that relationship.

Park City Awards

By Ramon Gomez, Jr.
Apr 08, 2016

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We are very proud to announce that we have been awarded the 2015 Berkshire Hathaway Home Services Platinum Chairman's Circle Award. This distinguishing honor represents that we are again in the top 1% of the Berkshire Hathaway network nationwide for the second year in a row! We truly appreciate the loyalty and referrals from our buyers and sellers across the country over our many years here in Park City. We look forward to continuing our tradition of exemplary client service and being among some of the best Realtors in the industry.

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Visit our website to meet the team, check out our listings (two of our listings have gone under contract just this past week), access all properties for sale in the Park City market through our local MLS system, read our weekly blog and find out about this great place we call home.

Remember to get the last of your Park City ski season in this weekend as Park City Mountain Resort and Deer Valley are ending their ski seasons on Sunday, April 10th. As the resorts get ready for the next season so do many of the restaurants here in town, check out this article to see What Park City Restaurants Are Closing for Shoulder Season.

  1. Lyndee says:

    Great ariclte, thank you again for writing.

Beautiful Homes in Heber Valley

By Ramon Gomez, Jr.
Mar 09, 2016

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The beautiful Heber Valley is 15 minutes south of Park City and consists of long-term and second home buyers. The Wall Street Journal cited this area as one of the “best resort value communities”. The Heber Valley offers breathtaking views of the nearly 12,000 foot Mt. Timpanogos and has the Jordanelle Reservoir to the North and Deer Creek Reservoir to the south, both offering a wide variety of water sports including fishing and boating. To the west of the Jordanelle Reservoir, is the base of the Deer Crest gondola allowing access to the Deer Valley resort without having to drive into Park City. Heber Valley is a golfers dream with over 100 holes of golf at the Wasatch Mountain State Park, Soldier Hollow, Quarry Springs, and the private gated community of Red Ledges. The Heber Valley has a newer high school, library, senior center, horse back riding, free concerts and a new fairground arena for Friday night rodeos.

In the Red Ledges Gated Golf Community we have a beautiful home with stunning views of the Mt. Timpanogos mountain range and sits on the new Jack Nicklaus Signature short course - 1075 N Chimney Rock Road is 4,801 sq feet with  4 bedrooms and 6 bathrooms.

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This amazing newer construction home has a floor plan that boasts a main floor master, large gracious great room, large covered deck, a gourmet kitchen, an office, main floor laundry, and Costco Room. The lower level walkout provides privacy with views, 3 bedrooms (2 have ensuite bathrooms), a nice family room, wet bar, and a large storage room. The outside is gorgeous with a gas fire pit, plumbed for gas BBQ upstairs and downstairs, and soft landscaping surrounding the residence. It is prewired for security, media, and generator; and has an over-sized garage with hose bibs, sloping floor and is plumbed for heat.

Our website allows you access to everything on the market in the Heber Valley.

Park City Stats Review

By Ramon Gomez, Jr.
Feb 10, 2016

IMG_4853Last week we touched briefly on real estate stats in Park City and I wanted to share some more about the local market. Rick Klein provided our team with  informational graphs reflecting the 2015 real estate market in the Greater Park City area and we would like to share some with you. The  Berkshire Hathaway HomeServices Utah Properties 2015 Market Report is also now available and covers both Summit and Wasatch County.

The stats in this first graph reflect that closed sales show a slow, but consistent increase starting in 2009 with a 23.6% increase in home sales from 2012 to 2015. (Condos are in purple, Single Family homes are in pink and Vacant Land is in yellow)Chart 14 for Blog.jpeg

 

 

 

The next graph reflects the local Condo market showing prices in our current market versus the high and low points in the market between 2008 to 2015.statsblog2

 

 

 

The following graph reflects the Single Family home market showing prices in the same way as the graph above with current market numbers versus the high and low points in prices between 2008 and 2015.

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Overall, the last 12 months of residence prices in the Greater Park City area are 6.1% over the residence prices in 2014 and 14.7% over the residence prices in 2013.blog4.jpeg

 

 

 

As our market continues to grow, Park City keeps finding its way into the news with The Dallas Morning News recently postingGo big: Ski Utah's mega-resort  which shares our local Waldorf Astoria's recent four-star rating by Forbes.  Utah as a whole has also been in the news as Fodor's Travel rated Utah the Top Destination in the World to Visit in 2016. And even though Sundance has come and gone for 2016 here are the winners as shared by Kate Erbland of Indiewire.

If you would like more information on the stats above or any of the information we have shared today remember that we are just a click or call away and our team is here to help you with all your real estate needs.

Park City Market in the New Year

By Ramon Gomez, Jr.
Jan 14, 2016

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As the New Year is officially in full swing I wanted to share some of the Park City stats and some videos of the different neighborhoods.

Old Town Park City has Single Family homes ranging from $435,000 - $15,000,000, Condominiums from $150,000 -$2,400,000 and Homesites from $249,000 - $3,499,000 (numbers change regularly). Main Street hosts several events including the Kimball Arts Festival, Savor the Summit, the Independence Day Parade, Halloween for the whole Family, and just around the corner - Sundance. Check out this video for a

Apex Residences in Park City

By Ramon Gomez, Jr.
Dec 17, 2015

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The Apex Residences are Park City's newest development in the Canyon's Village. These beautiful ski-through residences are located  in the newly expanded Canyons Village in the premiere base area offering a true slope side living experience.

The development has a private clubhouse complete with a fitness club, a heated outdoor pool, fire pit, club room & bar, splash pad & hot tubs, and a dedicated concierge.

Apex will be managed by Vail Resorts Hospitality and has been designed by the same architects as the Stein Eriksen Lodge. Apex offers 63 residences ranging from $1.4 million - $3 million+ , designed with 3 -5 bedroom configurations and 2,000-3,8000 square feet.

Give us a call or check out our website to find out more information about theses stunning properties.

Glenwild Homes For Sale

By Ramon Gomez, Jr.
Nov 12, 2015

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Coming soon... our newest listing in Glenwild. This stunning home pictured above will be on the market soon and we will be sharing more information in the upcoming weeks.

Regarding the Glenwild Community, we just closed on this beautiful home pictured below earlier this week. This is a new construction home that we had a pleasure of being a part of from the ground up.

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We have two more beautiful homes for sale in Glenwild and we would be more than happy to set up a time for you to preview your future home. Contact us and we can show you the amazing community of Glenwild.

 

7418 Glenwild Drive is 5 bedrooms and 7 bathrooms listed at $10,000,000.00

7097 Glenwild Drive is 3 bedrooms and 5 bathrooms listed at $2,799,000.00

 

3663 Oakwood CT

By Ramon Gomez, Jr.
Nov 04, 2015

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Our newest listing, 3663 Oakwood CT., is nestled in The Oaks at Deer Valley with amazing mountain and valley views.

This home feels like a home not just a house... your family will make lasting memories to treasure in this comfortable floor plan. The home is ideal for family living and entertaining with a large kitchen with granite counters, pantry, wood ceilings, wood floors, spectacular valley views from cathedral windows, and river rock fireplaces. There are two master suites, a hot tub room with steam shower, a fitness room, walk in storage closets on multiple levels and heated driveway.

This home has 5 bedrooms and 7 bathrooms with 7,500 square feet of living nestled on 0.32 of an acre.

Our first Open House is Wednesday, November 11th, check out our website for more details on this home and all of our other listings.

Halloween Special

By Ramon Gomez, Jr.
Oct 27, 2015

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Halloween Special! This is not a Trick... Just a Treat... $100,000.00 off if under contract by November 3rd 2015 on these two homes!!!

1075 N Chimney Rock Road, Heber City, UT 84032 in Red Ledges

7097 Glenwild Drive, Park City, UT 84098 in Glenwild

Open Houses will be at both homes this Friday and Saturday.

Friday, October 30th from 1 pm - 4 pm

Saturday,  October 31st from 1 pm - 4 pm

Continuing Our Green Efforts

By Ramon Gomez, Jr.
Oct 22, 2015

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To do our part for future generations we continue to build on our current Green practices on a daily basis. We encourage carpooling when taking clients to listings and touring for showings. We provide digital marketing on all our listings as the days of multiple copies are behind us, and we strive to become as paperless as possible. Our team has already started to work on our Green Designation so we may better help our clients in the purchase and sale of Green homes in the  Park City area. We were able to preview Echo Spur yesterday, Park City's first sustainable development, and see first hand a Green project in the works. When searching for a new home or getting ready to sell your current home we are here to help you in researching your walkability score, home certifications and ratings, and sharing our Green REsources with you.

4047 Moosehollow Drive

By Ramon Gomez, Jr.
Sep 17, 2015

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If you are looking for that “Special Home” in Park City that is not the run of the mill mountain home, you need to come and see this very elegant, finely appointed quality constructed home in the gated community of Moose Hollow... Australian Jarrah wood floors, Cherry Paneled Library, formal dining room, Crystal chandeliers, crown moldings, miles of uninterrupted views, privacy. This home has a kitchen that chefs love with butcher block island, Subzero, Bosch, and Dacor Appliances. The guest bedrooms are large and have ensuite baths. The spacious master boasts floor to ceiling windows, large walk-in closet, and the master bath is marble. Other features include.. and outdoor swim spa that has an electric cover... 3 car garage, large mud room, exercise room, family room, game room, lower level walk-out and a craft/office room. Plus this location provides you with extremely easy access to both Salt Lake City and to Old Town Park City.

4047 Moosehollow Rd. Park City, Utah 5 Bedrooms & 7.5 Bathrooms

Ramon Gomez Jr., Associate Broker ramon@rgomezjr.com (435) 640-0590

7418 Glenwild Drive Home Preview

By Ramon Gomez, Jr.
Sep 09, 2015

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This palatial estate is accessed via a custom designed heated driveway lined with immaculate landscaping highlighting local flora. Located in the prestigious, secluded and gated Glenwild Golf Community with 11,364 square feet this home will capture you with its superior design and finest amenities. This immaculate home offers spectacular views of Park City, America’s largest ski resort, and sits on the Tom Fazio designed 14th hole at Glenwild, Golf Digest rated #1 Utah golf course. Entertaining is effortless in this sophisticated residence with indoor and outdoor dining and one of the largest Grand Sitting rooms in the Park City area. The expansive Main Floor Master Suite retreat has a sitting area, lavish bath and impeccable views. 7418 Glenwild Drive exudes elegance and splendor while minutes away from Park City amenities, Park City Mountain Resort, Deer Valley Ski Resort and the Salt Lake City Airport. This home features a 3D tour that is a first in our marketing campaign. We would appreciate any feed back for our 3D tour and Drone tour while you virtually preview this amazing home. Once the 3D tour loads you can navigate your way through the home with a touch of your keypad or mouse. Contact us directly for more information.

 
 
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