November 2006

There are 5 blog entries for November 2006.

The Quick start Program is back for the 2006/2007 ski season in Park City.  The local Park City ski areas are providing free ski passes on the day visitors arrive to the Park City area.  You can take the morning flight in and ski for free that afternoon on the day you arrive.  You just need to show your boarding pass and out of state id.  There are some restrictions.  Please contact me if you are interested in purchasing a ski getaway condo or home in the Park City area. I can show you property while you are in town visiting. Call me at 435-513-2848 or email me at julie@bestskiproperty.com.
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Fractional ownership for a vacation condo has become a popular option for those looking to purchase a vacation getaway.  The cost of full ownership has risen and requires more responsibility so that is why fractional ownership has become so popular.  In the popular Main Street area of Park City there is a new ultra luxury fractional condo hotel project that has become a hot Park City real estate product. It will be a 5-star full service boutique hotel with completion planned for the Fall of 2007.  In this project owners receive 1/8 deeded ownership of a specific condo which allows for 35 days of use per year.  If you decide not to use all 35 days then those not used can be placed in a nightly rental pool.  There is also a space available program in place…
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The first new full ownership condo project at the Park City Mountain Resort offered in over two decades is starting to take reservations this week for their new luxury condos at the Park City Mountain Resort Village area. So you enjoy skiing or boarding at the Park City Mountain Resort but would like to buy a full ownership luxury condo, well now is the time. It will be a unique project with a mountain contemporary theme.  There are only 12 condos in this luxury condo project and of those only 9 will be available to purchase.  They are either 2 bedroom condos or 3 bedroom condos with a community lounge and seasonal check in desk and they can be placed in a nightly rental pool.  This small unique project will also feature a fully equiped fitness center,…
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If you are looking to buy a home, condo or vacant lot at one of the newer gated communities or at one of the ski resorts in the Park City area. You will want to see if there is a transfer tax due upon the sale of the property.  It probably isn't a deal breaker but it is something to be aware of that exists with many of the new developments in the Park City area.  For example, at the Canyons Resort area there is a transfer tax that will occur each time a property is sold.  Either the buyer will pay or the seller or they may even split the tax.  At the Canyons Resort Specially Planned area the tax is 2% of the sales price. This typically affects new projects but may also affect some of the older projects so be sure to check if the condo, home or vacant lot…
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If you are in the market for a condo in the Park City Utah area and rental revenue is important, you may want to search for a condo hotel that offers meeting space instead of a traditional condo. The more meeting space a condo hotel possesses the greater the potential to increase occupancy for your condo in the off season.  Location can really help you with rental revenue during the ski season but meeting space can help take it to another level.  In the off season, many corporations are looking for meeting space in a beautiful setting. There are several condo hotels in Park City that do well and have healthy occupancy throughout the year by having corporate meetings and retreats to help boost rental revenue.  The Lodges and the Chateaux at Deer Valley…
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