Park City Real Estate's $55 million listing

The Park City real estate market currently has more than 200 homes with list prices over $200 Million. Ultra high-end luxury properties are more the norm than the exception. Ski-in ski-out homes at The Colony at The Canyons Resort, Deer Crest, Upper Deer Valley; as well as golf course homes in Glenwild, Tuhaye and Promontory often see price tags of $5 Million and above (there are 60 such homes on today on the Park City MLS). There is a listing among these that definitely stands out; the home at 5000 Royal St. in the Upper Deer Valley section of Park City, UT has an asking price of $55 million.

This price makes the home the only one on the market at over $20M. What makes this Park City luxury home worth so much more than anything else in Park City and Deer Valley? The home has all of the features that one expects of a luxury residence in Deer Valley or Park City. The residence is over 20,000 square feet; includes 12 bedrooms, 16 baths and custom built furniture throughout. The gourmet kitchen combines elements to make a professional chef feel at home while still being a comfortable living area. Outside spaces offer great functional areas amid the pines away from nearly any city feel. A large recreation room provides a location for hours of gaming fun while an indoor pool and hot tub make for alternative recreation to the outdoors. The attached garages provide ample capacity for transportation. The views of Park City from the property's hillside location are spectacular. The location of 5000 Royal St, while not slope-side is not far off the slopes at Deer Valley and minutes from Historic Main St. Park City. None of these things are uncommon among Park City and Deer Valley luxury resort residences. What 5000 Royal St offers that others do not is: a private 60+ acre estate, this size alone is something that truly sets it apart; the fact that it is so central to Park City makes it absolutely one-of-a-kind. While it would be a shame, there may be the ability to subdivide portions of the property. Another unique attribute is the attached heated garage capable of storing and exhibiting a car collection of 20 or more vehicles. The main home is surrounded by 3 acres of fenced and landscaped grounds.

The construction and materials of this luxury Park City estate complete a story. The home was built with logs reclaimed from the Yellowstone park area of Wyoming. The timbers are the structural integrity of the home as no steel beams are incorporated. This is truly "old world" craftsmanship which took years to complete. The western feel and rustic finishes are authentic and irreplaceable. The Huntsman family has many fond memories of the estate. The residence at 5000 Royal St in Park City has been an escape for Governors, Heads of State and Prime Ministers from around the world. The price of the home makes it stand apart from other multi-million dollar homes in Deer Valley, Park City, Utah or the world, but what it offers may justify the price.

Written by: a YouInParkCity.com Park City real estate professional.