Grand Hyatt Deer Valley Information, Listings, and Market Trends
Grand Hyatt Deer Valley are the first condominiums to be available at the base of the new East Village of Deer Valley. The 55 Residences will have one, two, three, and four bedroom floor plans and sits atop the Grand Hyatt Deer Valley hotel, which will feature 385 hotel rooms, conference and ballroom spaces, fitness center, restaurants, and more.
Condominiums are currently for sale and are exptected to be completed in time for the 2024 ski season.
Property Type
Views
Amenities
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Grand Hyatt Deer Valley Sales Summary
Last year saw 0 sales and there have been 1 sale this year.The average MLS listed condo has 2 bedrooms with 2 baths, covers 1,320 total square feet, and was built in 2024.We estimate a median sales price for a condo of these specifications to be $2,195,467. The most common configuration has 2 bedrooms at 48% of the 52 condos.
The East Village area contains the Grand Hyatt Deer Valley community. You can find an in-depth analysis of property types, sales activity, and amenities along with a discussion of other communities at the East Village details page.
About the Grand Hyatt Deer Valley
The Residences are 55 luxury residential condominiums located on the top of the hotel on floors 6 – 8. Below the Residences is the hotel featuring 387 rooms, 60,000 square feet of event space and many high-end amenities. The event space includes a 10,000 square foot grand ballroom, multiple conference rooms, and flexible areas.
Condomimium Details
The Residences at Grand Hyatt Deer Valley are luxury condominiums with the finishes and detailed craftsmanship one expects from a modern, ski-in ski-out resort property, including hand crafted tiles, locally sourced stone, high-end appliances, beautiful modern lighting, and white oak hardwood flooring. Floor plans range from 1–4 bedrooms with views of the Jordanelle Reservoir, the majestic mountains, and Deer Valley ski runs.
Amenities
The resort offers everything an active, mountain life-style demans.
- Pool and Hot Tub: a beautiful, large pool to enjoy the warm summer days
- Fitness center: complete with free weights, Peleton bikes, treadmill, and steam room
- Public recreation center: 60,000 square foot center featuring a pool, fitness center, movement studio, tennis courts and ball courts
- Underground Parking: owners are allocated a single unassigned, underground parking pass
- Ski-in Ski-out: the Grand Hyatt Deer Valley is located steps away from the Deer Valley lifts
- Ski Valet: skis have their own pampered room
- Restaurants and grab-n-go dining options
All Seasons Resort
Deer Valley is a year-round destination with powder filled winters and long, cool adventure friendly summer days. The expanded Deer Valley resort will feature over 5,700 acres of skiable terrain accessed by 37 chair lifts serving 238 ski runs. The longest ski run will be almost 5 miles and the highest point of the 2,900 verticle feet resort will be 9,350 feet. In short, Deer Valley will soon be one of the largest ski resorts in the US while still featuring its world renowned guest service. During the summer, Deer Valley features some of the best mountain biking trails in the country with flow trails, massive jumps, incredible scenery, and single track trails suitable for all skill levels. The Deer Valley trails are part of the over 400 mile Park City trail system – you have to experience the trails to believe it.
Frequently Asked Questions
- When will the residences be ready to move in?
- Expected completion date of the residences is Fall 2024.
- Are nightly rentals allowed?
- Yes. Residence owners can opt to rent their residences through the Grand Hyatt Rental Program or through another property manager. They may also choose to not rent their residence.
- Additional rental management services will not be provided if an owner decides to rent their residence through a 3rd party rental program.
- Is there reserved parking for residence owners?
- Yes.
- How much are the HOA dues and what do they cover?
- The estimated HOA dues are $15-$17 per square foot. All utilities except water and electric will be covered by the HOA dues. A sampling of services covered by the HOA dues are front desk, common area maintenance, valet, ski locker room maintenance, and fitness center maintenance.
- Is there a reinvestment fee?
- The first purchase from the developer is exempt of a reinvestment fee. All subsequent sales will be charged a 1.25% community reinvestment fee.
- Are the residences being sold furnished?
- No, the residences are not being sold furnished.
- Are pets allowed?
- We anticipate that pets will be allowed, but potential limitations on weight and quantity may be established by the Hotel Operator. These limitations would serve to protect all residence owners and hotel guests.
- Does the residence come with a storage unit?
- Yes. All residences will have a private assigned storage unit on a non-residential level.
- What is the sales process?
- There is a 25% deposit due with a purchase contract, followed by 14 days due diligence. Balance (75%) is due upon completion of the building.
- What is the proximity to the ski beach?
- The residences are immediately adjacent to the ski beach, requiring only a 500-foot walk to lift access.
What is a Condotel?
The Residences at Grand Hyatt Deer Valley 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.
Grand Hyatt Deer Valley Quick Facts
| Property Type | |
|---|---|
| New Construction | Yes |
| # Active Listings | 0 |
| Year Built | 2024 |
| HOA Fee | Yes |
| Nightly Rentals Allowed | Yes |
| Amenities |
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| Views |
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| Transfer Fee |
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| Timeline |
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| Address | Mayflower Mine Rd Park City, UT 84060 |
East Village Neighborhoods
You may be interested in checking out all East Village Neighborhoods.
Want More Grand Hyatt Deer Valley 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.