It's no secret that the market for vacant land has been harder hit than the markets for homes and condos in the greater Park City, Utah area.
But one luxury golf neighborhood is experiencing more sales activity than the others...Red Ledges.
According to the Park City MLS, 7 lots have closed so far this calendar year at Red Ledges, with another 7 Red Ledges parcels currently pending sale.
What's Behind Red Ledges' Surprising Success?
Price reductions and incentives have helped spur demand. The developer is running a promotion right now that gives new lot buyers a new Mercedes as an incentive for their purchase!
No wonder buyers who are investing today are excited about what's happening at Red ledges.
Red Ledges Grand Opening
The Red Ledges golf course opened 4th of July weekend, 2009. Jack Nicklaus was present for the unveiling of the course, which marked the 200th course that he has designed around the world.
"Since the topography of the Red Ledges area is so stunning and diverse, we were challenged to stay true to the Red Ledges vision by planning each hole around its natural surroundings,"
said Nicklaus. "We were able to nestle some holes around the famous sandstone ledges and situate other holes in juniper groves. I am delighted with how the course has turned out."
Red Ledges Cottages
The developer is also offering finished cottage homes. These 3000-4000 square foot luxury cabins start just over $1.25M.
These Red Ledges homes with zero lot lines are perfect for second homes or primary residences, as owners don't need to worry about taking care of landscaping and snow removal--it's all handled by the homeowners association!
If you need a little more space, check out the selection of "semi-custom" homes ranging from 4000-5000 square feet on 3/4 to 1 acre lots.
Red Ledges Homes
If you're looking for the most impressive home in Red Ledges, you won't be disappointed.
This 5 bedroom 6 bathroom home, built by Promark Development, rivals the finest ski-in/ski-out homes in the Park City & Deer Valley area.
This spectacular property will be featured in the 2009 Park City Area Home Builders Association Showcase of Homes Aug 22-23, Aug 29-30, and Sept 5-7.
Perfectly situated above the Red Ledges Golf practice area, the home has fantastic views of Mt. Timpanogos, the Heber Valley, and the iconic "Red Ledges" for which the neighborhood is named.
From the moment you arrive at the home, you'll be amazed by the thoughtfulness of the design and the quality of the finishes. The heated driveway, tastefully constructed with hand-laid pavers of different sizes, shapes, and colors, is your first clue that you have just stumbled upon a home with no compromises.
We'll offer an in-depth exploration of the intricacies and unique features of this home in a future post. In the mean time...
Please contact us to arrange a private tour.