The Lift Information, Listings, and Market Trends
The Lift Park City is a luxury condominium sporting family friendly amenities and located in the heart of Canyons Village. The units feature a chic modern design with fireplaces, floor to ceiling windows, fully equipped kitchens, walnut cabinetry, and balconies. Unit configurations range from 1 bedroom at 837 square feet up to 5 bedrooms at 3,219 square feet. The complex is amenity rich with ski in/out access to the Sunrise chair lift, a pool and two hot tubs, game room, fitness center with steam room, valet parking, and gear valet service.
With 62 units, real estate investors and 2nd home buyers interested in a resort condo can usually find units for sale. Currently, no units are available for purchase through the Park City MLS.
Table of Contents
Property Type
Views
Amenities
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The Lift Sales Summary
Last year saw 1 sale and there have been 0 sales this year.The average MLS listed condo has 3 bedrooms with 3 baths, covers 1,600 total square feet, and was built in 2019.We estimate a median sales price for a condo of these specifications to be $2,640,228. The most common configuration has 3 bedrooms at 40% of the 62 condos.
The Canyons area contains the The Lift community. You can find an in-depth analysis of property types, sales activity, and amenities along with a discussion of other communities at the Canyons details page.
About Lift Park City
The Lift looks fantastic with on point modern design throughout. The lighting, custom cabinetry, longitudinal fireplaces, black framed floor to ceiling windows looking out on ski runs and the Wasatch Mountains, elegant bathroom — a luxury investment you will be proud to own and show off to your friends and family. The location is perfectly located next to the ski runs and the many shops and restaurants of Canyons Village. A game room and pool join the fun for those wanting to keep the kids engaged when not on the slopes and trails.
Amenities
The Lift Park City amenities ticks all the boxes for a luxury, slopeside, resort condominium.
- Pool and Two Hottubs: the pool area includes cabanas, firepit, expansive deck, and two barbeques
- Family Friendly Entertainment: kids' zone play space, video game room, and club room complete with pool table and entertainment wall
- Fitness Center: fully equipped fitness center and steam room all conveniently located adjacent to the pool deck
- Conceirge Services: help is always available to find some fun off outside the resort center
- Valet Parking
- Owner Storage
What is a Condotel?
Lift Park City is classified as a condotel. A condotel is a condominium that operates similar to a hotel with a registration desk, booking website, cleaning services, and amenities. Like a normal condominium, the units have individual owners, some of whom may live in the complex full time. A condetel provides a professionally run rental program that provides the hotel-like guest experience during check-in and stay while also marketing the property to fill the rooms.
Park City has a number of condotels with many located near the resorts. They often sport rich amenities, such as shuttle services, pools, fitness centers, restaurants, bars, gaem rooms, and more. Owners utilizing the rental program may reserve their unit for personal use, often with some cumulative maximum days per year to ensure room availability throughout the year.
There are pros and cons to condotel ownership.The rental program generally charges a percentage of all rental fees for marketing and guest services. The rental program requires standards for furniture, dishware, linens, and other decorations so guests have a consistent experience. The rental income can help offset ownership expenses though you will have HOA fees in addition to rental program costs.
Transfer Fee
The The Lift has a transfer fee of 2% of the sale price on all real estate sales and is typically paid for by the Buyer. The fee is paid to the Canyons Village Management Association, Inc. (CVMA) and contributes to an array of services designed to benefit all of its members, including the operation of the Cabriolet lift, concerts, fireworks, Canyons Village Connect, the complimentary shuttle service, road maintenance, snow removal, holiday tree lights, and landscaping.
A transfer fee is a closing cost charged by a Homeowners’ Association (HOA) at the time of a property sale. In Park City, the trend is towards instituting transfer fees and they are becoming more common. The amount can range from a few hundred dollars to a 2.5% of the sales price! Recent popularity among HOAs has been attributed to an ability to raise money without needing to raise recurring homeowner fees.
As with everything in real estate transactions, transfer fees are negotiable. This is especially true in a buyer's market. The Slope Style Realty team has experienced success getting the buyers to pay the transfer fee in weak housing markets.
(Transfer fees are not to be confused with transfer taxes, which are one-time fees imposed by some localities at the time of a sale.)
You can read more about the The Lift transfer fee at CVMA Assessments and Transfer Fees.
The Lift Quick Facts
| Property Type | |
|---|---|
| New Construction | No |
| # Active Listings | 0 |
| Year Built | 2019 |
| HOA Fee | Yes |
| Nightly Rentals Allowed | Yes |
| Amenities |
|
| Views |
|
| Transfer Fee | 2% of the sale price on all real estate sales |
| Website | https://liftparkcity.com |
| Address | 2431 W High Mountain Rd Park City, UT 84098 |
Canyons Neighborhoods
You may be interested in checking out all Canyons Neighborhoods.
Want More The Lift Information
At Slope Style Realty, we have decades of experience helping clients buy and sell resort properties, primary residences, investment properties and second homes in Park City. Our team consists of professionals who have extensive knowledge of the Park City real estate market's varied communities. We are passionate about helping our clients find the perfect home and are committed to providing exceptional service throughout the buying and selling process. Whether you're looking for a house, condo, townhouse, or land in Park City, we have the expertise to help you achieve your real estate goals. Please contact us today so we can help you meet your Park City real estate goals.
Andy Krumelandy@slopestylerealty.com
Andy is a former naval aviator and Silicon Valley entrepreneur, having spent over 15 years delivering groundbreaking mobile and SAAS products. Andy brings his technical experience and innovative approaches to Slope Style Realty and KW Park City Keller Williams as a licensed Realtor.
Andy is a former naval aviator and Silicon Valley entrepreneur, having spent over 15 years delivering groundbreaking mobile and SAAS products. Andy brings his technical experience and innovative approaches to Slope Style Realty and KW Park City Keller Williams as a licensed Realtor.