THE HOMES, ESTATES AND LIFESTYLES OF UTAH
15 YEARS OF COLLECTIONS MAGAZINE
This is Collections Magazine. Our award-winning, nationally distributed, signature publication at Summit Sotheby's International Realty. What started as an idea and a dream, has since transformed into a statement, voice and trademark—showcasing our relentless commitment to redefining an industry and the client experience.
Collections, a tangible expression of our creativity, serves as a mirror, reflecting back, reminding us of the responsibility and opportunity we have, in every moment, to do things differently… to do them right. It is this eternal flame burning strongly within every sales associate and staff member that drives our innovation and our expectation of providing real estate services and results deserving of the Sotheby’s International Realty name.
For us, even seeing the word Collections sparks immense pride. Pride in that every single hand at Summit Sotheby’s International Realty—agent, staff, client—has made this 30 th edition today’s reality. Pride in that this publication personifies who we are and embodies our unwavering dedication to our neighbors, our communities and to one another. Pride, and humility, in that we are doing what we set out to do: deliver like no other.
LEADERSHIP
THOMAS WRIGHT
CEO, Principal Broker
BRIDGETTE OSGUTHORPE
President, Managing Broker
SHANE NORRIS
General Counsel
MANAGING BROKERS
BRIDGETTE OSGUTHORPE Park City and Heber
ADAM KIRKHAM Salt Lake City
CREATIVE SERVICES
DESIGN
STACI ARMSTRONG
MOLLY BARGER
SARAH BRUNSON
DAVID CARTER
EMILY FENN
ALEXA FERGUSON
JASON GILLESPIE
AVERY GREIG
KAYLEE HODGES
GARRET HOOVER
MIKAYLA MEEKER
LANAE MILLER
BRET PHILLIPS
ANDREW REED
ELMA STAPELY
THIEN VU
JESSICA WALSH
VISUAL MEDIA
ALEX APAVALOAIE
PAUL BUNDY
NICK CHASE
DELANEY CHLARSON
LAURA FOX
BRET HARTMAN
JON JOHNSTON
AUSTIN LAMOREAUX
BEN LAWHORN
KYLE MCINNIS
BEN MILLER
TYLER SAWYER
Creative and Art Direction:
SHARON GARFIELD
Chief Financial Officer
KIM HASKINS
Chief Operating Officer
TIFFANY BLAKE FOX
Chief Marketing Officer
RYAN KIRKHAM Salt Lake City
ALICIA HOLDAWAY Draper
MELISSA GOFF
Senior Vice President Development Services
JAYME ANGELL
Senior Vice President Property Management
JO-ANN GEER St. George
BECKY WELLS Moab
ACCOUNTING, OPERATIONS & ADMINISTRATION
BRITTANY ASTORGA
ROBIN BARICA
MURANDA BARKER
BRITTANY BRENNAN
KYLETTE FLEGEL
PHILIP GEBLER
ROB GREENLAND
DELLA MARTINIS
PAM NISSON
SARAH NOAKES
CARLY SMITH
SOPHIE STRUHS
BRITTANY WISEMAN
DEVELOPMENT SERVICES
JANE BAER
RACHEL ROBERTS
SHANNAN SMITH
JOHN WINCHESTER
PROPERTY MANAGEMENT
LEXI KELLOGG
NELLIE KLAN
ERICA TREJO
TRANSACTION MANAGEMENT
KIMBREE BALENTINE
BRITTANY BARICA
DANIELLE CARLSTON
ALEX CLARK
STORMY CORN
MARKAY GOLD
BOBBY LARSEN
KIMBER NEILSON
KATIE O'ROURKE
GABBY RICH
TEGAN SAWYER
CINDY SMITH
AMBER STOOR
TAYLOR THORNTON
SHERRY TOPPER
Tiffany Blake Fox, Molly Barger, LaNae Miller
WELCOME TO THE 30 TH EDITION OF COLLECTIONS MAGAZINE
As we celebrate 15 years of Collections Magazine, I'm filled with immense pride and gratitude—and perhaps a touch of nostalgia. What once began as a modest in-house property guide has transformed into a nationally acclaimed, award-winning real estate and lifestyle publication, a testament to the dedication and vision of our extraordinary team at Summit Sotheby's International Realty. I’m continually blown away by what we’ve accomplished together. It has been an honor to witness the development of this magazine alongside the growth of our own brokerage.
In this landmark 30 th issue, we invite you to explore the diverse and enchanting homes, estates and lifestyles that make Utah truly unique. From the majestic mountains to the serene deserts, our state offers an unparalleled living experience. This edition also delves into the rise of golf in Utah, highlighting the exceptional courses, new developments and vibrant community that have catapulted our state onto an international stage. Additionally, we explore Utah stepping into the national spotlight in topics ranging from athletics to business prowess, showcasing our state's multifaceted appeal.
On the pages that follow, you’ll also find a display of the outstanding professionalism and proven results achieved by our sales associates. Their commitment to excellence and innovation continues to set new standards in the real estate industry, ensuring that every client receives an experience that goes above and beyond their expectations.
I want to take this opportunity to thank you—our valued reader, for spending time with Collections Magazine over the last 15 years. Your interest in luxury real estate and support of Summit Sotheby's International Realty are the driving forces behind our continued success. I’d like to personally invite you to visit any of our offices or sales galleries across Utah, where our award-winning team is ready to assist you with your real estate journey—no matter where it’s taking you.
Those of us who call Utah home are truly fortunate. Our state's success is a reflection of its people—resilient, passionate and forward-thinking. As you flip through the pages of this special edition, I hope you feel the same sense of pride and inspiration that we do.
Thank you for being a part of our journey; we are grateful for you. It is my honor and privilege to present Collections Magazine Summer 2024.
In gratitude;
THOMAS WRIGHT CEO and Principal Broker
Summit Sotheby's International Realty
08 20 70 78
THE RISE OF GOLF IN UTAH
WASATCH BACK
UTAH: RISING TO PROMINENCE ON THE NATIONAL STAGE
ON THE COVER:
First light signals the start of a new day across the fairways of Wohali's championship golf course. Visit page 8 to explore the rise of golf in Utah.
WASATCH FRONT
The Residences at Grand Hyatt Deer Valley Limited Inventory Remaining
Future Five-Star Hotel and Branded Residences
Future Five-Star Branded Residences Tower
Cormont at Deer Valley
Skier Services / Mountain Club
Ice Ribbon, Restaurants, Retail and Children’s Center
Marcella Landing at Deer Valley
Marcella at Deer Valley
The Lodge (Marcella Members Only)
It’s early summer in Utah’s Wasatch Mountains, and another idyllic sun-filled day is forecast across the state. Despite the quiet predawn hour, there’s a choreographed hustle of activity at Wohali—a brand new, private mountain adventure and golf community nestled in the foothills near Echo Reservoir in Summit County. As the first rays of sun illuminate the top of Lewis Peak, morning air flows from down the picturesque valley towards the manicured greens of Wohali’s championship golf course, carrying the faint scent of juniper and fresh grass.
article written by Emily Fenn shot
Wohali featuring images by Paul Bundy and Bret Hartman
Today is the very first day of the course’s inaugural season and there is a palpable sense of excitement, an eager buzz of anticipation for this longawaited moment. Groundskeepers cross the greens with purpose—raking bunkers, trimming grass and sweeping walkways—ensuring that not a single blade of grass is out of place before members arrive to tee off. Decades in the making, the legacy and passion behind Wohali is evident; this special place is the result of generations spent dreaming and planning. Principal Partner David Boyden’s roots run deep through the area that is now Wohali; the land is a large part of his family’s legacy and its ongoing conservation is paramount. With a professional background in golf course design and landscape architecture, Boyden has built an impressive resume of his own—designing and executing some of the world’s finest luxury golf courses during his career. Wohali marks Boyden’s chance to pair his immense expertise with his family’s legacy and his passion for conservation into a singular historic moment.
As the morning sky warms and transitions to a soothing canvas of soft pinks and oranges, the light of another morning shines over the picturesque community of Wohali—highlighting a new chapter in Utah’s burgeoning golf history.
The sport of golf is not new to Utah—but new and exciting things are happening here currently. It’s a wonderful time to be a golf aficionado, and the Beehive State is well-positioned to become the next big golf destination. Thanks to our favorable climate and stunning natural landscape, Utah has been renowned for its outdoor recreation for years. Both the forested mountains of the north and the red rock landscapes of the south offer wildly abundant opportunities for outdoor sport. Take your pick from activities including hiking, biking, camping, sailing, rock climbing, fishing, boating, or of course—golf. Widely appreciated for its challenging nature and mix of mental stimulation and recreation, golf also fosters a sense of community, providing players with social interaction. Many are drawn to the sport for the camaraderie it offers through casual play, competitive tournaments and residential golf club memberships.
Today, over a century since its introduction to Utah in 1899, the golf scene here has grown. A lot. Golf-centric communities are trending and there are public and private courses across the state—highlighting the sport’s lucrative and ongoing appeal across generations. Youth initiatives to introduce golf to a younger audience have been successful. Programs in schools and community centers, along with junior leagues, have helped engage a new generation of golfers in Utah. Later this year, the PGA Tour will return to Utah after a lengthy six decades, hosting the Black Desert Championship at Black Desert Resort in Southern Utah this October, where players will compete for the FedExCup. The University of Utah and Brigham Young University have built competitive NCAA-ranked collegiate teams, and professional golfers like Tony Finau are calling Utah home for a multitude of good reasons. Utahns have a penchant for outdoor recreation; the sport of golf naturally fits into our lifestyle—offering yet another way for people to enjoy the outdoors and stay active. And now that word’s gotten out, really big players (both literally and figuratively) in the golf industry are attaching themselves to Utah-based projects. Tiger Woods and his esteemed TGR Design firm are building a championship course to pair memberships alongside the impeccable Marcella Club at Deer Valley’s ® new East Village expansion. It’s an exciting time to witness—golf is having its moment in Utah.
Valid concerns regarding water conservation and land preservation mean that great care is taken when designing new golf courses—both in Utah and around the world. Most golf course superintendents and maintenance staff are professionals with degrees in environmental studies and turf management. Advances in AI and smart-technologies now include irrigation systems that are managed by on-site weather stations tracking temperature, wind, precipitation and other factors in real time. Underground sensors monitor soil moisture at the root to prevent overwatering, and specialized sprinkler nozzles can be installed in high-wind locations to limit run times. Golf course architects are designing courses with more native growing areas, and reducing the non-playing turf spaces. Audubon International even has a golf certification program for courses who maintain natural wildlife habitat—Wohali, Black Desert Resort and other courses in Utah are actively pursuing this esteemed certification. A careful balance is struck between recreation and environmental preservation. According to a report from the Golf Course Superintendents Association of America (GCSAA), these technologies have resulted in a 46% reduction of water use on golf courses since 2005.
In recent decades, golf has seen a resurgence— it has become an integral part of the social fabric in many communities across the state. Private clubs throughout Utah are experiencing full membership bases, with a demand to create more. Having a residential membership at a private club like Glenwild or Victory Ranch is highly coveted, and new developments like Wohali are a reflection of that interest. Golf has been well-established in Utah for over a century, but the creation of new courses and golf communities is making the sport more appealing than ever before—and accessible to a wider demographic, like millennial purchasers. High-profile developments that pair golf clubs with modern amenities and resort-style, luxury living will continue to draw new players into the sport for years to come. Golf is for everyone now, and we’re only experiencing the beginning.
Back at Wohali, the sun lowers in the sky as the first day of many comes to a close. Warm hues cast long shadows along the signature ridgeline of Wohali. As the last members leave the greens, the groundskeepers are already hard at work readying the course for the following day—a true labor of love, their passion is evident. As the final rays of sun leave Lewis Peak, the mountain air cools and flows down the manicured greens of Wohali’s championship golf course, carrying the scent of summer and the promise it holds. Welcome to the next chapter in Utah’s golf renaissance, just waiting to be told.
Here in the valley within a valley, here where the hills rise upon other hills, what will you name? The colors of dusk? The smell of morning? It's an invitation, an instruction. Make yourself smaller and the valley will expand, extend itself to you. Exhale. Then come in.
wohali.com
SUMMIT SOTHEBY'S
MARKET SNAPSHOT
We are experiencing a tale of two markets along the Wasatch Back. The fi rst market features properties that are priced correctly with updated, functional fl oor plans, including new construction and new development homes. These homes are selling quickly to buyers who have been patiently waiting for the right inventory to become available.
The second market is what we refer to as functionally obsolete. Another portion of active inventory on the market are homes that may need updates to fi nishes, full or partial remodels and fl oor plan adjustments. Buyers are fi nding it diffi cult to move forward with these homes, especially when they are priced without consideration to the rising cost of building materials, the scarcity of labor and high interest rates.
With over six months of active inventory, the market is generally becoming more balanced compared to the past few years.
Bridgette Osguthorpe President, Managing Broker
AVERAGE DAYS ON MARKET MAY 2023 - 2024
1,059
LOWEST MONTH: APR 2024
1,403
HIGHEST MONTH: AUG 2023 AVAILABLE INVENTORY MAY 2023 - 2024
PROPERTIES SOLD, SOLD VOLUME MAY 2023 - 2024
AVERAGE SOLD PRICE
$2,163,181 LOWEST MONTH: AUG 2022 $1,583,007
HIGHEST MONTH: FEB 2024
Ski-in/Ski-out Home with an Italian Flair at Park City Mountain Resort
329 White Pine Canyon Road, Park City
6 bd | 9 ba | 13,217 sf | $30,500,000
Presenting Terra Luna, a stunning new ski-in/ski-out build that offers Italian flair and global appeal. Designed to melt seamlessly into the mountainside and located in the gated community of The Colony at White Pine Canyon, this home boasts a guest casita, exercise room and top-of-the-line health modalities like an infrared sauna, jacuzzi, cold plunge and steam room within a state-of-the-art sanctuary space. A ski prep room is just steps from world-class skiing and snowboarding, a network of private hiking/biking and snowshoeing trails, plus fishing in the nearby Meadow Lakes. Enjoy 5,828 square feet of outdoor living space and discover all four seasons Park City has to offer. Built by Keller Young Luxury Homes, designed by Italian architectural firm Obicua, with interior design by AMB Design.
Kelly Hamlin 310.922.7908
The Legacy Ranch, One of the Most Remarkable Properties in Utah
2085 W Midway Lane, Heber City
Comprised of five buildable parcels spread over 42 acres, this ranch is one of the most secluded properties in the greater Park City area. Over half a mile of the Provo River forms the western border, Spring Creek is the eastern border and in between there are seven ponds creating a fisherman’s paradise. This is also prime horse property with multiple pastures. Features include a party barn with two bedrooms and a full kitchen, a guest house and a large garage with five bays. The ranch was established as a gathering place with something fun for everyone: fishing, canoes, a pitch-and-putt golf course, sand volleyball, teepees, a gazebo, fire pits, a shuffle board, bocce ball, a splash pad, horseshoes, a greenhouse and a petting zoo.
3,010 sf
$25,000,000
The Crown Chalet, Deer Valley ®
6 bd 9 ba
10,870 sf
$24,500,000
7948 Red Tail Court, Park City
This exquisitely reimagined residence rests atop the premier ridge in the gated neighborhood of Bald Eagle. In the center of the newly expanded and original terrain of Deer Valley ®, you'll find direct ski access to Silver Lake Village, Snow Park and the new East Village. Floor-to-ceiling windows thoughtfully frame views in all directions. Enjoy the convenience of year-round living with seamless indoor-outdoor access to the heated patios. Not a surface was overlooked in the 2023 extensive renovation which includes high-end finishes, fixtures and technology; steel and wood wrapped beams, floating stairs, seven indoor and three outdoor fireplaces, and radiant heat flooring and air conditioning. Entertain family and friends of all ages in elegant style.
801.560.4578 NMLS#474312 jim@intercaplending.com K VARANAKIS
801.550.6039 NMLS#474311 k@intercaplending.com
801.598.4601 NMLS#296859 tony@intercaplending.com
801.381.4767 NMLS#151298 mwalker@intercaplending.com
801.949.2221 NMLS#1729034 awalker@intercaplending.com
801.703.1390 NMLS#2016901 jfidler@intercaplending.com
Architectural Masterpiece with Magnificent Views in Red Ledges
831 N Explorer Peak Drive, Heber City
7 bd | 11 ba | 20,905 sf | $18,900,000
Perched on top of the most prominent ridge in the gated Red Ledges community and featuring magnificent views, this estate offers resort-style amenities and is located just 15 minutes from Deer Valley ® ski resort. This exceptional residence was designed around a comprehensive suite of amenities, featuring an indoor sports court for basketball and pickleball, a 50-foot indoor/outdoor pool, a hot tub and personal fitness gym with adjoining steam room and sauna. Entertain friends and family in your golf simulator, billiards room or on your 2,000-square-foot rooftop putting green. A private two-bedroom casita includes its own garage, kitchen and great room for longer guest stays. Designed by award-winning architect Michael Upwall and offered fully furnished by renowned designer Paula Berg.
Chris Maddox 801.657.2798
VIDEO
Introducing a Mountain Paradise of Unrivaled Luxury
3816 N Two Creeks Lane, Park City 5 bd | 7 ba | 8,021 sf | price upon request
Ski-in/Ski-out Deer Valley ® Dream Home with Panoramic Views
2848 W Deer Pointe Drive, Park City 6 bd | 9 ba | 10,574 sf | $18,650,000
Situated on 4.77 acres of pristine mountain terrain, this private estate stands as an exemplar of modern sophistication. Surrounded by world-class ski resorts, this estate allows you to embrace a mountain lifestyle without sacrificing access to the luxuries of city life.
Mike McGurl 435.901.9300 | Michael LaPay 435.640.5700
This Deer Valley ® ski-in/ski-out home is located in the gated community of Deer Crest and was built by Keller Young Luxury Homes with impeccable quality. Take in views of the reservoir and mountains from over 2,904 square feet of heated patio space. Entertain guests with a game room/theater area, wet bar, wine cellar and an unbeatable indoor/outdoor après-ski experience.
Kelly Hamlin 310.922.7908
Contemporary single-family residences nestled into the quaint mountainside town of Francis. Enjoy pastoral living without an HOA. Builder incentives now available, contact our sales team for more information.
3821 Pinnacle Sky Loop, Park City
6 bd | 8 ba | 10,254 sf | $18,250,000
Jamison Frost 435.513.2820
Valen Lindner 619.865.3646
7600 E Deer Knoll Drive, Kamas
6 bd | 8 ba | 12,377 sf | $17,495,000
Kerry Oman 801.369.2507
Erin Eldredge 801.205.4239
6870 Beach Road, Park City
5 bd | 8 ba | 10,176 sf | $14,950,000
Damon Leake 435.640.8947
Peter Linsey 435.901.8808
6
Marsac Avenue, #C502, Park City
EXPERIENCE
PARK CITY'S MOST EXCLUSIVE PRIVATE COMMUNITY
Nestled within the gentle rolling foothills of Park City lies the exclusive, gated community of Glenwild. Featuring world-class golf, inspiring mountain vistas and sweeping views of Park City's ski resorts, we invite you to learn what it means to "come home to Glenwild". For more information, visit the Glenwild experts at our sales office and lifestyle experience center, located just outside of the community gatehouse.
7085 Glenwild Drive, Park City
6
UNMATCHED ADVENTURE AWAITS
Single-family homes and townhomes with easy access to the Jordanelle Reservoir and expanded Deer Valley ®
WATERS RESORT
JORDANELLE RIDGE
LAKEVIEW ESTATES
DEER SPRINGS
5
4
5
Nestled among the slopes above the base of Deer Valley's ® new East Village, ski-in/ski-out homesites are perfectly situated for peak enjoyment of the surrounding terrain. With access to world-class skiing, year-round amenities at Marcella Lodge and Marcella Main and access to the new Tiger Woods-designed golf course, Marcella Residents can truly experience the highest level of mountain luxury and service in Utah.
5
EVERY VIEW IS A WORK OF ART
With the first mountain course designed by Tiger Woods anchoring the community, Marcella Jordanelle Ridge will be the premier golf destination of the Mountain West. Situated in an unparalleled location, players will enjoy breathtaking vistas of the Heber Valley, Mt. Timpanogos, the Uinta Mountain Range and Jordanelle Reservoir. Marcella's golf experience will stand unrivaled, offering some of the most stunning views found on any golf course in the world.
The Residences at Pioche Village offer the last opportunity to purchase a property within walking distance to a Deer Valley ® lift for under $500,000. With custom finishes and materials inspired by the natural surroundings, The Residences at Pioche Village blend sophisticated design, first-class amenities and an elegant mountain lifestyle.
piochevillage.com
SHEILA HALL 435.640.7162
A NEW ALPINE ICON | OPENING NOVEMBER 2024
The Residences at Grand Hyatt Deer Valley ® offer a new and elegant mountain lifestyle. These flagship residences are an extraordinary place to call home, crafted with the finest finishes and materials inspired by their beautiful natural environs. Sophisticated design is complemented by a suite of first-class amenities offering definitive Utah mountain living.
Photo taken from the new Deer Valley ® ski runs above Velvære
RISING TO PROMINENCE ON THE NATIONAL STAGE
As the CEO of Summit Sotheby’s International Realty and a born and raised Utahn, I’ve had the privilege of witnessing Utah’s extraordinary transformation firsthand. Our state, long cherished for its unparalleled natural beauty and vibrant communities, is now taking center stage on a national level. From our impressive rankings in quality of life and business to attracting major sports teams, names and events (like the NHL, Tiger Woods and the PGA Tour), plus the distinct possibility of hosting the Olympics again in 2034, Utah’s momentum is undeniable.
ABOVE: A paraglider soars above the Point of the Mountain, home to "Silicon Slopes" tech hotspot
QUALITY OF LIFE: A BENCHMARK FOR EXCELLENCE
Utah consistently ranks among the top states for quality of life, a testament to our residents' high levels of satisfaction and well-being. According to the recent U.S. News & World Report, Utah is ranked as the #1 state for the second consecutive year, emphasizing our exceptional healthcare, education and recreational opportunities. The state’s emphasis on outdoor recreation, from skiing in the Wasatch Mountains to exploring the red rock landscapes of southern Utah, plays a significant role in this ranking. These elements not only attract new residents but also retain those who have called Utah home for generations.
A THRIVING BUSINESS ENVIRONMENT
Utah’s business-friendly environment is another key factor contributing to its rise. The state’s regulatory framework, coupled with a skilled and educated workforce, has made it a hub for innovation and entrepreneurship. According to WalletHub, Utah is ranked #2 for best state economy and #1 for best economic outlook for the 17 th year in a row by Rich States Poor States. The “Silicon Slopes” region, in particular, has emerged as a hotspot for tech companies, drawing talent and investment from across the globe. Additionally, three of the top five best small cities for starting a business are in Utah, further highlighting our thriving business environment. This growth isn’t only limited to tech; diverse industries, including finance, healthcare and manufacturing, are thriving here.
NAVIGATING THE HOUSING MARKET
The booming economy has had a profound impact on Utah’s housing market. While the state has become an increasingly desirable place to live, this desirability has also led to a significant rise in housing costs. Despite these challenges, efforts are underway to address the housing shortage and ensure that families at all income levels can find affordable housing. Innovative zoning laws, incentivizing the building of diverse housing types, and repurposing under-utilized properties are some of the strategies being employed to tackle this issue. It’s a delicate balance, but one that is crucial for maintaining the quality of life that Utah is renowned for.
A RETURN TO THE OLYMPIC STAGE?
The possibility of the Winter Olympics returning to Utah has generated considerable excitement. Salt Lake City is the International Olympic Committee's (IOC) preferred host for the 2034 Winter Olympics, and the IOC recently visited Utah to tour venues. The existing venues from the 2002 Salt Lake City Olympics have been meticulously maintained and continue to be utilized for world-class events today. The Olympic Oval west of downtown Salt Lake City has hosted World Cup and World Championship speed skating events. The Utah Olympic Park in Park City remains a staple for World Cup and World Championship bobsled, luge and skeleton events; it’s also an active training facility for globally-ranked athletes from around the world. The Soldier Hollow Nordic Center, located 45 minutes away in the Heber Valley, continues to host cross-country ski and biathlon events. Additionally, the various ski resorts within an hour of downtown Salt Lake City have remained key stops for world-class freestyle skiing and snowboard competitions. In fact, over 90 World Cup and World Championship Winter Olympic events have been held in Utah since 2002, highlighting our state's capability and readiness to host another Olympic Games. Hosting the Olympics again would not only boost the local economy but also solidify Utah’s reputation as a premier destination for winter sports.
ABOVE: Home ice of Utah's new NHL team at the Delta Center
THE NHL COMES TO UTAH
In a thrilling development for sports fans, Utah has secured its own NHL team. Utah Jazz owner Ryan Smith played a pivotal role in relocating the Arizona Coyotes to Utah for an estimated $1.2 billion. This new addition marks a significant milestone in the state’s sporting landscape, further enhancing its national profile. The enthusiasm for the team is palpable, with more than 34,000 deposits placed for season tickets for the inaugural 2024-25 season. This overwhelming support highlights Utah’s growing appeal and the increasing recognition of its vibrant, supportive communities. The new NHL team will provide an exciting avenue for community engagement and entertainment, solidifying Utah’s reputation as a burgeoning sports hub.
EXPANDING HORIZONS: DEER VALLEY RESORT ®
Deer Valley Resort ®, one of Utah’s premier ski destinations, is undergoing a major expansion, paired with enhancements of existing infrastructure. The planned enhancements will not only increase the resort’s capacity but will also introduce new amenities and attractions, making it an even more desirable destination for tourists and locals alike. The expansion will bring an additional 3,700 acres of lift-accessed skiing, more than doubling the size of the resort. In addition, a new, modern village and portal called Deer Valley ® East Village is well underway along US-40. This expansion is part of a broader trend of investment in Utah’s tourism infrastructure, which continues to grow in response to the state’s rising popularity.
BUILDING A BRIGHT FUTURE
Utah’s rise to prominence is a result of strategic planning, a commitment to community and an unwavering vision for the future. Our state leaders, businesses and residents have all played a role in this journey. As we look ahead, it’s clear that Utah’s best days are still to come. The combination of our high quality of life, thriving business environment and exciting developments in sports and tourism create a dynamic landscape poised for continued growth and success.
For those of us who call Utah home, this momentum is both a source of pride and a call to action. We have the opportunity and responsibility to ensure that this growth benefits all residents, preserving the unique character and beauty of our state while also embracing progress and innovation. As we move forward, let us remain committed to the values that have brought us this far — community, excellence and a spirit of adventure.
Utah’s journey is just beginning, and together, we are writing the next chapter in a story that promises to be extraordinary.
WRITTEN BY THOMAS WRIGHT CEO AND PRINCIPAL BROKER
LEFT: Tiger Woods visits the sight of the first mountain course from TGR Design at Marcella RIGHT: Black Desert Resort in Ivins, Utah will welcome the PGA Tour's FedExCup later this year For a deeper dive into Utah's golf renaissance and the exciting developments that are drawing big names to the Beehive State, visit page 8.
COMMUNE WITH NATURE
A private, four-season community set amidst 6,250 pristine acres just minutes from Deer Valley ® and Park City.
Only 350 homesites offering world-class fly fishing, a top-rated golf course, ski-in/ski-out clubhouse, miles of trails and every luxurious amenity imaginable.
WELCOME TO THE WASATCH FRONT
Utah’s Wasatch Front showcases a captivating blend of urban comforts among a commanding backdrop of mountain peaks. Rising from the Great Basin’s valley floors, the western edge of the Wasatch Mountains is home to thriving communities offering abundant job opportunities and continuous housing growth. It’s no surprise that a substantial majority of Utah’s population has chosen to settle along the Wasatch Front. Beyond urban amenities, this area offers fantastic access to outdoor recreation; venture into the nearby foothills for pristine, aspen-filled trails amidst Utah's renowned scenic landscapes.
The Wasatch Front's expansive reach ensures diverse styles of living, prompting residents to embrace both the vibrancy of urban exploration on Utah's city streets and the tranquility of nature in the surrounding areas. Within this corridor, Salt Lake City, Ogden and Provo stand as vibrant anchors. South of Salt Lake City lies Silicon Slopes, a rapidly growing tech hub home to innovative entrepreneurs and explosive job growth. Whether you crave the energy of city life, the tranquility of nature or the opportunities presented by a thriving tech hub, the Wasatch Front offers a dynamic living experience.
Salt Lake City 1260 E Stringham Avenue, Suite #100, Salt Lake City
Draper 13693 South 200 West, Suite #100, Draper
$4,200,000
$3,975,000
$3,600,000
$3,400,000
$3,199,000
$2,950,000
We’re seeing a robust yet sporadic market along the Wasatch Front. Listing inventory remains low, maintaining a seller's market overall. However, some properties linger on-market due to sellers' unrealistic price expectations, who still expect the price surges of years past. Educated sellers, guided by skilled agents with proper marketing and home preparation, are seeing success. Market conditions vary widely by neighborhood and price point, making local expertise especially crucial.
On the buy side, the era of super-low interest rates has ended. Buyers, driven by life changes and a steady infl ux of new residents seeking Utah's natural resources, favorable weather and diverse economy, are no longer waiting for rates to drop. Market demand remains strong as people adapt to new circumstances and opportunities along the Wasatch Front.
Ryan Kirkham and Alicia Holdaway Managing Brokers
2023 - 2024 AVERAGE DAYS ON MARKET MAY 2023 - 2024
MONTH: SEP 2023
8,567
2022 - 2023
2023 - 2024
MONTH: FEB 2023 $536,385
MONTH: MAY 2022 $617,840
One of the Most Magnificent Properties in the American West
533 N Left Fork Hobble Creek Cyn, Springville
7 bd | 10 ba | 17,493 sf | $48,000,000
Hobble Creek Ranch offers a truly unique proposition in this stunning estate home with a backyard playground extending over 3,387 acres (more than four-and-ahalf miles wide) of spectacular recreational lands. The property has substantial water rights along with seven ponds, and it controls access to over 10,000 acres of forest service lands. The ranch varies in elevation and has extensive roads and trails that provide access throughout the property and is ideal for cattle and horses. Every element of the home was built to the highest standards, and the finish work and detail are unrivaled. The location is really special. You feel like you are miles away from anyone, yet there is a golf course ten minutes away and a grocery store only a short drive from there.
Kerry Oman 801.369.2507
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Priced at half the cost to build and offering stunning views of the Wasatch Mountains, this home features a grand entry, formal living room, master suite, five guest suites, resort-style swimming pool, basketball court, two-lane bowling alley, a 27-seat theater room and 156 acres of incredible beauty.
8272 E Left Fork Hobble Creek Rd, Springville
6 bd | 11 ba | 50,738 sf | $15,500,000
One of the Largest Homes in the United States Perfectly Appointed New
4250 Camille Street, Holladay
6 bd | 9 ba | 11,694 sf | $6,950,000
Kerry Oman 801.369.2507 | Thomas Wright 801.652.5700
A seamless balance between contemporary living and upscale entertaining, the design of both the home and the surrounding grounds is thoughtfully curated with premium finishes, expansive windows that invite ample natural light and luxurious details that elevate the entire property.
Erin Eldredge 801.205.4239 | Thomas Wright 801.652.5700
6130 S Murdoch Woods Place, Holladay
4 bd | 5 ba | 8,260 sf | $4,500,000
Sean Steinman 801.913.3790
Adam Kirkham 801.450.1800
3626 Granite Bench Lane, Sandy 5 bd | 8 ba | 10,095 sf | $3,950,000
Jeff Sidwell 801.550.1510
Chris Sidwell 801.815.6114
15024 S Wolfley Court, Bluffdale
7 bd | 7 ba | 10,245 sf | $3,750,000
Tricia VanderKooi 801.652.7410
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THINKING ABOUT RENTING YOUR PROPERTY?
We offer the Park City, Heber and Salt Lake areas a clear alternative to self-managed or low-service management. Contact us for a rental projection or information on our suite of services.
FULL-SERVICE MANAGEMENT
• 30+ Years of Local Experience
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VETTED TENANT PROCUREMENT
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6
E Military Way, Salt Lake City
S Creek Hollow Cove, Sandy
2994 E Chaucer Place, Salt Lake City 322 N Pfeifferhorn Drive, Alpine
2972 E Devonshire Circle, Salt Lake City
5 bd | 5 ba | 5,288 sf | $2,750,000 Angie Nelden 801.718.4346
14433 South 2200 West, Bluffdale
5 bd | 5 ba | 7,234 sf | $2,750,000 Brett Sellick 801.502.9955
2949 E Dimple Dell Lane, Sandy
7 bd | 5 ba | 3,790 sf | $2,699,000 Sue Ann Wilkinson 801.949.7089
11892 S September Cove, Sandy
5 bd | 5 ba | 5,565 sf | $2,695,000 Erin Eldredge 801.205.4239 | Thomas Wright 801.652.5700
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WELCOME TO SOUTHERN UTAH
Southern Utah’s natural landscape is far-removed from the mountainous peaks and lake-filled basins of the northern regions. Its striking red rock deserts boast a warm, dry climate where you'll find world-class golf courses and poolside escapes right next to National Forest Land. Nearby are two of Utah’s ‘Mighty Five’ National Parks — Zion and Bryce Canyon — which are home to towering red cliffs and winding sandstone canyons that will leave you breathless. The city of St. George is one of the fastest growing metro areas in the United States, offering job
opportunities, residential growth and convenient proximity to Las Vegas and California.
Southern Utah is undoubtedly a world within its own, showcasing an unparalleled lifestyle. If a life of leisure and time spent poolside isn’t your style, adventure enthusiasts alike will also find endless opportunities for recreation — rock climbing, river rafting, mountain biking and hiking the red rocks of this stunning and unique part of the state.
Southern Utah is truly like no other.
SIGNIFICANT SALES
$2,950,000 List Price
2174 N Tacheene Drive, St. George Taylor Jensen *
$2,850,000 List Price
2330 N Chaco Trail, St. George Jill Webber
$2,500,000 List Price
1500 Split Rock Drive, #71, Ivins Vicky Milliken, Taylor Jensen
$1,800,000 List Price
3581 Cypress Point Road, Hurricane Eddy Ortiz, Bret Charlesworth, Jodi White **
$1,795,000 List Price
2410 W Entrada Trail, #24, St. George Eddy Ortiz, Laurel Simmons
$1,700,000 List Price
1985 Rising Sun Drive, St. George Lindsay Tripp, Kylee Willard **
* Represented the Buyer ** Represented the Buyer and Seller
Robert Bolar
Kimberly Johnson Jim Lyman
Michelle Mackelprang
Jeannie Miller
Vicky Milliken
Sophie Mosemann
Eddy Ortiz Joe Pawloski
The real estate market in Southern Utah has been steady, but correctly pricing new listings remains essential as we trend towards a more balanced market. Buyers have more options to choose from and overpriced homes are sitting on the market while their sellers off er concessions to attract buyers. Overall, demand is still high; ongoing new construction and exciting developments in the golf industry, like the return of the PGA Tour to Southern Utah after six decades, continue to boost interest from new residents and investors alike.
Interestingly enough, when it comes to interest rates, 63% of properties that were sold in 2023 were fi nanced and 45% of properties over one million were fi nanced. Inventory levels in Southern Utah are gradually returning to their pre-covid levels and we’re still seeing strong demand for this incredible region of the Beehive State.
Jo-Ann Geer Managing Broker
2023 - 2024 AVERAGE DAYS ON MARKET MAY 2023 - 2024 59
1,860
2,186
AVERAGE SOLD PRICE
MONTH: JUN 2023 $537,753
IT'S NOT JUST A GETAWAY, IT'S A LIFESTYLE
Single-family homes, townhomes and condos tucked away in the breathtaking setting of Southern Utah.
desertcolorholmes.com
The Overlook Estate at Greater Zion
405 E Nichols Peak Road, Washington
4 bd | 7 ba | 9,388 sf | $6,950,000
Set atop a private mountain, this breathtakingly modern masterpiece was expertly designed to capture some of the most spectacular views in the state. Nestled on an impressive 27 acres, this residence is accessed through a private road at the base of Nichols Peak or via helicopter on the private landing pad. The interior features a thoughtfully-designed floor plan that creates an effortless flow between indoor/outdoor entertaining spaces. The property’s ideal layout ensures comfort and privacy while entertaining, relaxing or enjoying the benefits of multigenerational living. The surrounding grounds are home to a pickleball court, putting green and a par three hole, water feature and a beautiful outdoor kitchen.
Eddy Ortiz 435.625.1725
Erin Eldredge 801.205.4239
Thomas Wright 801.652.5700
1203 Canyon Springs Road, Springdale
7 bd | 8 ba | 11,000 sf | $6,000,000
Incredible State-of-the-Art Estate at the Entrance to Zion Welcome to Your Southern Utah Dream
3763 Caribbean Circle, St. George 5 bd | 4 ba | 6,813 sf | $3,500,000
This home with a casita is built on two lots along the Virgin River in Canyon Springs Estates. The massive stone columns, combined with dark wood, white marble and glass is a creation by award-winning architect Robert McArthur. The interiors are designed by LMK to highlight the home's unique elements.
Kristi Staker 435.632.4858
This exquisite property offers luxury living paired with unmatched functionality for horse enthusiasts, all with frontage on the Virgin River and direct access to hundreds of miles of trails for horses, UTVs, mountain bikes and more. Horse corrals are set up to accommodate your equine needs.
Taylor Jensen 435.922.1746 | Lindsay Tripp 801.599.9156
4536 N Painted Sky Drive, St. George
4 bd | 3 ba | 3,649 sf | $2,180,000
Michelle Mackelprang 801.815.6000
Jo-Ann Geer 435.619.3399
115 Kinesava Drive, Springdale
3 bd | 3 ba | 2,624 sf | $2,066,000
Kristi Staker 435.632.4858
3683 S McKenzie Lane, Washington
4 bd | 4 ba | 2,766 sf | $1,625,000
Jill Webber 801.231.2226
Robert Bolar 801.737.3333
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A SPECIAL COLLECTION OF NEW LUXURY HOMESITES
WITHIN THE MASTERPLANNED COMMUNITY OF ENTRADA AT SNOW CANYON.
WELCOME HOME.
Peaceful
Tanzi Belle Circle, #54, Kanab
YOUR GATE TO UTAH’S ZION NATIONAL PARK
Ideally situated on nearly 30 acres in close proximity to Zion National Park, Sand Hollow State Park and St. George, Obsidian Resort & Residences is a one-of-a-kind residential resort designed for those seeking to experience the beauty and endless natural and cultural bounties of one of America’s most storied destinations. Now available for purchase, take advantage of today's opportunity to secure your resort property.
OBSIDIANRESORTANDRESIDENCES.COM
WELCOME TO MOAB
Heading across the Beehive State, you'll discover the bustling town of Moab. Despite early agricultural and mining roots, this area is now well-known as the gateway to two iconic National Parks, Arches and Canyonlands. This visually striking desert region is home to some of the most well-known natural landmarks, including Double Arch, Balanced Rock and Delicate Arch — the last of which is proudly depicted on Utah license plates.
Moab is home to imposing cliffs, gravity-defying sandstone arches and large expanses of weathered red rocks that bear carved petroglyphs from some of the region’s earliest native inhabitants. See them via an all-terrain tour, or log some miles mountain biking on one of the many trails in the area. Today, this region sees year-round traffic — many parks and visitor sites require advance reservations to limit crowds and preserve their natural beauty. With Moab’s mild winters and dry summers, it's easy to see why many new homeowners are attracted to this desirable region of our state.
SIGNIFICANT SALES
$3,900,000 List Price
2589 Cactus Road, #A-Z, Moab
Becky Wells, Curtis Wells
$2,030,000 List Price
110 Badgers Bend, #2, Moab
Curtis Wells
* Represented the Buyer ** Represented the Buyer and Seller
$1,500,000 List Price
1151 S Highway 191, Moab
Curtis Wells
$1,250,000 List Price
3459 Red Rock Drive, #3A, Moab
Becky Wells *
$1,195,000 List Price
4283 & 4293 Valle del Sol Drive, Moab
Becky Wells **
$1,153,000 List Price
707 Palisade Drive, Moab
Becky Wells, Suzanna Fuez**
Lenore Beeson
Suzanna Feuz
Susan Shrewsbury
Becky Wells Curtis Wells
Gail Wells
In recent months, the real estate market in Eastern Utah has undergone a correction - this adjustment has led to a more balanced market, creating a favorable environment for buyers. It’s a great time to explore options, as the current market conditions allow for more negotiating power and a broader selection of properties. Additionally, while interest rates may be higher now, buyers can take advantage of the present market conditions with the possibility of refi nancing in the future.
For sellers, today’s market necessitates a strategic approach to pricing - to attract potential buyers, it is crucial for sellers to price their properties competitively and in alignment with the current market conditions. Sellers should work closely with knowledgeable real estate professionals to set realistic prices that refl ect the market and appeal to their target buyer demographic.
Becky Wells Managing Broker
$358,380
$990,217
Stunning Southwestern Home in Moab Offering Breathtaking Views
3137 E George White Road, Moab
3 bd | 4 ba | 3,798 sf | $1,550,000
Exquisite southwestern residence in the Navajo Ridge subdivision, seamlessly integrated into hillside terrain, features spectacular mountain and red rock panoramas. This remarkable property encompasses three levels, providing versatile spaces for entertainment, fitness, a home office, guest accommodation and relaxation. Enjoy the magnificent mountain views from the formal living area. Numerous covered outdoor areas offer serene ambiance and seclusion. The spacious garage accommodates an RV and multiple vehicles, alongside abundant built-in shelving, a sink and cabinetry for enhanced convenience.
Becky Wells 435.260.2842
Vizcaya Suites is a Haven for the Modern Explorer
11920 S Highway 191, #5, Moab
3 bd | 2 ba | 1,240 sf | $840,000
A Convenient, Modern Community Amidst Dramatic Landscapes
11920 S Highway 191, #12, Moab
2 bd | 2 ba | 1,118 sf | $715,000
Limited in number to preserve intimacy and privacy, this exclusive boutique community offers an unrivaled blend of rugged outdoor charm and sophisticated modern comforts. The seamless integration of indoor/outdoor living is exemplified in expansive terraces and open-plan designs.
Lenore Beeson 435.260.2135 | Curtis Wells 435.210.4366
With direct access to the world-renowned outdoor activities of Moab and situated in an up-and-coming residential and commercial development area with easy highway access, Vizcaya is not just a residence; it's a gateway to a lifestyle where the thrill of adventure meets the pinnacle of luxury living.
Lenore Beeson 435.260.2135 | Curtis Wells 435.210.4366
11920 S Highway 191, #3, Moab 1 bd | 1 ba | 786 sf | $565,000
Lenore Beeson 435.260.2135
Curtis Wells 435.210.4366
11920 S Highway 191, #10, Moab 1 bd | 1 ba | 705 sf | $490,000
Lenore Beeson 435.260.2135
Curtis Wells 435.210.4366
2626 Highway 191, Bluff 18.21 acres | $2,750,000
Erin Eldredge 801.205.4239
Thomas Wright 801.652.5700
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1285 Arnel Lane, Moab
0.83 acres | $1,800,000
Curtis Wells 435.210.4366
1341 Mill Creek Drive, Moab
0.97 acres | $1,200,000
Susan Shrewsbury 435.260.1479
Suzanna Feuz 435.260.7634
4551 S Spanish Valley Drive, Moab 5.07 acres | $815,000
Becky Wells 435.260.2842
Suzanna Feuz 435.260.7634
