Promontory Real Estate News
Promontory Ranch Club, a luxury second-home golf community in Park City, Utah has formed a new partnership with Summit Sotheby's International Realty and their strategic alliance partner, Blueprint Global Marketing.
“We at Promontory are delighted to be entering into this partnership with Sotheby’s International Realty,” said Francis Najafi, CEO of Pivotal Group, the developer of Promontory. “As a global leader in luxury real estate, Sotheby’s affiliation with Promontory provides an exceptional alliance and validation for our luxury mountain community. Today’s real estate buyers are looking for a community that has everything ready to use, right now, and Promontory’s world-class amenities and two golf courses provide that.”
President and CEO of Blueprint, Ross McCredie is especially pleased to be adding Promontory Ranch Club to the exclusive list of communities Blueprint markets worldwide under Sotheby's International Realty. “Sotheby’s International Realty aligns itself with superior projects like Promontory in order to provide exceptional buying opportunities to its clients.”
Promontory's real estate sales will now operate as a division of Summit Sotheby's International Realty in order to take advantage of their international marketing and sales network. Promontory Ranch Club's managing director Rich Sonntag stated, "Promontory will continue its strong relationships with all local and national Realtors through agent programs and events and competitive cooperative commission structures. We expect Promontory’s alignment with Sotheby’s International Realty and Blueprint Global Marketing to enhance our ability to work with agents from all brokerages on both a national and international basis.”
Promontory Ranch Club is over 7,000 acres and is a private second-home, luxury mountain community. Promontory offers two championship golf courses designed by Jack Nicklaus and Pete Dye. Other amenities include an equestrian center, two club houses, kids cabin, pool, tennis courts, spa, outfitter's cabin and Alpine Ski Lodge at Deer Valley Resort.
Promontory's real estate opportunities include home-sites and completed homes, Ranch Club Cabins and Trapper's Cabins. Currently due to market conditions there are great deals to be had on the many bank owned and distressed properties in Promontory, many built as spec homes. Bank owned single family homes and short sales start at around $800,000. Home-sites have been hit particularly hard and now start in the mid $100,000s with almost 100 lots currently available for sale.
There may be other properties available as well. There are two MLS systems used in Park City. Some properties are listed on the Wasatch Front MLS (Salt Lake City) and not the Park City MLS, this is one reason you need a Buyer's agent working on your behalf. If you are interested in properties at Promontory and would like more information or to schedule showing's contact Linda or Jason.
Linda Sailer, Broker Associate
Jason Racicot, ABR, e-PRO
Summit Sotheby's International Realty
545 Main Street | PO Box 2370
Park City, UT 84060
Park City Real Estate Search
Berkshire Hathaway HomeServices Utah
2200 Park Avenue, Park City, Utah 84060
Linda: 435-640-4816 | Jason: 435-602-9294