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2470 W White Pine Lane
Park City, UT 84060
$31,000,000
Conventional
Property
Bedroom
4
Bathroom
6
Property Type
Conventional
Square ft
10144
Property Description
Rarely does such a unique property like this become available for sale. This turnkey modern sanctuary is your true year-round mountain oasis that provides unique private ski access to the base of the Tombstone lift, perfect for skipping the crowds to first tracks on a powder day. The home is nestled in mature evergreens on 5.4 acres of land, offering extreme privacy and stunning ski-run views. Upon entering the private gate, the driveway meanders along the peaceful mountain setting capturing a glimpse of the seasonal stream, abundant trees, and wildlife. Arriving at the home, you are greeted by an oversized courtyard, zen-like waterfalls, and a bridge that brings you to the front door. Floor-to-ceiling glass allows the outside to flow inside the home, bringing in abundant natural light while capturing views of the surrounding mountain peaks. The open floor plan integrates organic materials such as oak cabinets, Lagos Blue Limestone from Portugal, concrete, and stone. The oversized glass pocket doors allow you to enjoy outdoor living at its finest while overlooking the heated saltwater pool and spa. Entertain with your family and friends as you gather around the cozy fireplace or gourmet kitchen. Gaggenau appliances, an Enomatic wine dispenser, and Gregorius fixtures are examples of top-end luxury details throughout this home. Other features include an oversized primary bedroom suite, dual offices, a gym, and oversized garages supporting 8+ cars. White Pine Ranches is located at the base of the Colony at White Pine Canyon and rests at 7,200 in elevation, allowing easy access to the conveniences of town yet living in a secluded environment that you control. The sale of this residence includes architectural plans and renderings for a guest house. Only minutes to Park City's historic Main Street for exclusive shopping and dining, 30 minutes to two FBOs, KSLC and KHCR, and the Salt Lake International Airport.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Other
Year Built
2015
MLS Number
12401223
Location
Address
2470 W White Pine Lane
City
Park City
State
UT
Zip Code
84060
County
SUMMIT
Listing
Provider
Engel & Völkers Park City, original listing
Name
Engel & Völkers Park City
Phone
(435) 850-7000
Office Name
Engel & Völkers Park City
Office Phone
(435) 850-7000
Agent Name
Paul R Benson

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.