In 2021, a developer bought an empty Park City lot for $6 million; 5 years and 4 years of construction later, the 17,000-sq-ft home has sold for a city-record $37 million

A Park City mountain land bought for six million dollars became a thirty-seven million dollar luxury home. This sale set the highest residential price ever recorded within the city limits. The seventeen thousand square foot mansion was completed after four years of construction. It features extensive ski-in, ski-out facilities and high-end amenities for wealthy buyers. Limited supply and high demand continue to boost Utah mountain luxury housing markets.