It’s ski season!
You know about the real estate auction business, yes? I have tried to educate my readers (and myself) about this growing and phenomenally great way to pick up extreme real estate for a great price. I am told that Dallas pipeline magnate Kelcy Warren LOVES to buy real estate through auctions and in fact, the mega rich do constantly comb auction sites for deals in land, homes, yachts, planes and cars.
Well, tomorrow — yes, tomorrow! — you can bid on the home where the stars love to ski in Utah: 72 White Pine Canyon Road, a stunning 17,000 square foot plus mega ski house built in 2001, designed by one of Park City, Utah’s most famous architects, Jack Thomas, now the Mayor of Park City. Thomas has built some of the most iconic Park City homes, and is best known for creating Main Street’s “Egyptian Theatre”.
72 White Pine Canyon is located in the The Colony, known as THEE upscale ski neighborhood in Park City. (I know, you would think that having a ski home, even a ski shack, is upscale enough but no, there are layers and The Colony is at the tip top.) The homes, views, design styles and sizes in The Colony rival other uber upscale ski paradises such as the venerable Yellowstone Club in Montana, Bachelor Gulch in Beaver Creek, Vail and, to a certain extent, Aspen.
We have friends who live in Park City. What they love is the charming community at the base of the mountains that offers something for everyone, from gourmet filets to hamburger and wheatgrass. It is a picture perfect former mining town turned into wholesome, healthy fun. And Utah is a very child and family-friendly state. The crime in Park City is low and families enjoy a “Leave It To Beaver” freedom of exploration.
The Colony is where the celebs and moneyed tend to buy — Will Smith has a place there, as well as music and movie industry executives, hedge fund titans, tech entrepreneurs, the wealthiest wealth managers and CEOs from the guys running Dunkin Donuts, Skullcandy, Red Bull, and others. Homes start at about $6 million and head northward to $20 million or more, with the smallest chalet coming in at about 7,000 square feet.
72 White Pine Canyon is on 4.63 acres with 9 bedrooms, every room like a master suite with en suite spa bath (11 full baths in all), plus four powder rooms. The interior is comfort plus — there is a full finished basement, media room, game room, a gym in the home with spa, hot tub, sauna and steam room, and a covered outdoor hot tub that is huge. There is also a caretaker’s house for a full-time house manager or caretaker.
What makes this home especially unique is that is was built from reclaimed timbers from the old Salt Lake railroad that used to run across the Great Salt Lake. Those massive timber beams criss-cross throughout the house, supporting ceilings, along with steel pulley accents on the interior and exterior, all rendering an iconic industrial feel that takes you back to Park City’s silver and gold mining boom in the late 1800s. The home is rock solid and to replicate would easily be $1000 plus per square foot.
Then there are the two most vital components of any home in Park City or really any ski area: the views, and ski-in, ski-out access. The views from 72 White Pine Canyon are some of the best in the community, and sweep all the way down the valley, then up to the highest point of Park City, known as “9990” for the elevation and namesake ski lift. The home has direct ski-in/out access that rivals the best. There is no walking uphill from the house: you can ski to and from the back door of the home from your own short private trail that accesses all of Park City mountain.
You cannot find a better, more versatile, or family-friendly ski paradise than Park City, Utah. Park City Mountain Resort was bought by Vail Resorts last year, who are expected to pump more than $100 million into the resort. This is the area first made famous by Deer Valley, one of the nation’s first ski resorts to be known for luxury ski service on top of magnificent mountains, plentiful snow and fresh air. Deer Valley is the resort where attendants carried your skis and pampered skiers unlike any other. Next came Park City, a more casual ski area, and then The Canyons Resort. With the new gondola that opened this year and connected Park City to The Canyons, this is now the largest ski area in all of North America. Snowbird and snow-board-free Alta are just down the canyon.
The “Vail effect” has made Park City stronger than ever, with new development projects and retail and restaurant projects popping up every day.
This home leases for $10,000 to $15,000 per night throughout the ski season, and happens to be right across the street from the most expensive ski home rental in the country — $125,000 a week. That’s why stars such as Justin Bieber, Taylor Swift, Ashton Kutcher and Demi Moore, Larry King, and other a-list celebrities have rented this home for repeat visits. In fact, Justin Bieber was just there in December for the weekend — for THE THIRD TIME. He and his entourage of friends came up to party, ski and snowboard.
The home has been listed for $15,900,000, listed with Engel Voelkers Paul Benson to be auctioned off by Concierge Auctions, one of the nation’s premiere real estate auction firms. Jack Hoyt of Concierge Auctions says he has no idea what the starting bid might be, as there is no reserve. The reserve is the amount a homeowner usually wants the bidding to start at. If the reserve is not met, there is no auction. But this $15,900,000 house will be auctioned off no matter, and it is not too late to register…