Montage Residences Deer Valley Achieves $100 Million in Sales

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Sales momentum of the luxury ski-in/ski-out residences coincides with strong activity in the Park City real estate market

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Montage Residences Deer Valley

Families are recognizing Montage Residences Deer Valley provides the consummate year-round mountain getaway with unprecedented ski-in/ski-out access to America’s #1 ski resort

Montage Residences Deer Valley announced they have eclipsed the $100 million sales milestone, with twenty seven residences purchased and under contract in twenty seven months, since their grand opening in December 2010. In 2012, ten residences sold, totaling close to $40 million in transactions. The brisk activity positions Montage Residences Deer Valley as a market leader in the region and continues to drive the luxury condominium market in Park City.

“We are very excited about the sales momentum here and throughout the Park City area,” said Ed Rehill, Director of Sales for Montage Residences Deer Valley. “Families are recognizing Montage Residences Deer Valley provides the consummate retreat with unprecedented ski-in/ski-out access, privacy, and year-round mountain activities for all ages.”

Park City is in the midst of a busy winter season and has experienced strong activity across the real estate market. Transaction totals for the destination have increased 10% since 2011 and an impressive 61% since 2009. The median price index has also jumped 14%, compared to 2012. In March of 2012, Montage Residences Deer Valley closed on its largest unit, a 6,858 square foot home, for $8.25 million, making it the most expensive luxury condominium to sell in Park City last year.

Select residences, including fully furnished and unfurnished options, are available for purchase, ranging from 1,850 to 5,380 square feet and priced from the high $2Ms up to $10M. The high-quality craftsmanship is reminiscent of an elegant mountain lodge design. All residences are appointed with estate-quality finishes, gourmet kitchens, multiple gas fireplaces, five-fixture stone bathrooms, rustic cherry millwork, and hand scraped walnut plank flooring. Some floor plans include a guestroom lock-off with a private entrance, making it easy to share the home with family and friends, while maintaining a level of comfort and privacy. Additionally, in partnership with local and national luxury interior designers, Designer Model Residences have been furnished to provide prospective owners a diverse selection of turn-key and stylish residences from which to choose.

Just 40 minutes from Salt Lake City International Airport, the spectacular location offers breathtaking panorama mountain valley views of Utah’s Wasatch Mountains. Enjoy the Montage lifestyle with unparalleled ski-in/ski-out access from your front door, with the ultimate in personalized ski services from the property’s own high-tech recreation outfitter, Compass Sports, featuring iPad-equipped ski valets who have warmed boots and waxed skis ready for adventures on the ski slopes. Owners also have access to the programming, culinary arts, spa, and world class amenities that elevate Montage Deer Valley’s reputation amongst ski resorts - a selection of four distinctive dining venues, including a gourmet gastro pub with a four-lane regulation bowling alley; Spa Montage, Utah’s largest and most impressive retreat at 35,000 square feet, with 29 treatment rooms, mosaic indoor pool, and wellness center; and house car transportation (Mercedes G-class fleet) to Park City’s historic Main Street, located just five minutes from the resort.

About Montage Residences Deer Valley

A total of eighty-one private residences sit atop the beautiful Montage Deer Valley, in the year-round community of Park City, Utah. This is the ideal “base camp” for homeowners who wish to enjoy an active outdoor lifestyle in North America’s premier mountain resort destination. A dedicated residential concierge team is on-hand to assist with any household matter, from grocery stocking and housekeeping to travel plans and entertaining; a private owner’s lounge provides a comfortable space to gather before or after the day’s activities. Residence owners have access to the resort’s extensive 24-hour services, amenities, and engaging all-season recreational programs that make the most of its location amidst thousands of acres of wooded forest, with ski-in, ski-out access to Deer Valley Resort. http://www.montageresidencesdeervalley.com

About Montage Hotels & Resorts

Montage Hotels & Resorts is a hotel and resort management company founded by Alan Fuerstman. Designed to serve affluent travelers and homeowners, the company features an artistic collection of distinctive hotels, resorts and residences in stunning settings that offer comfortable elegance, a unique sense of place and spirit, impeccable hospitality and memorable culinary, spa and lifestyle experiences. Montage Laguna Beach, the company’s flagship oceanfront resort, opened in the vibrant arts community of Laguna Beach, California, in 2003. Montage Beverly Hills, the company’s second hotel, opened in Beverly Hills in 2008 and was the first Gold LEED certified hotel and residences in Southern California. Montage Deer Valley, located in Park City, Utah, is the company’s third property which opened in December 2010 and was recently awarded Top Family Program in the World (2011) by the Virtuoso travel network. http://www.montagehotels.com

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Emilie Korenberg
Castillo & Ruig Communications
310.664.8839
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