Auction for Seven Exceptional Upper Deer Valley® Homes Located at Lookout at Deer Valley®

. February 20, 2010

Accelerated Marketing Partners announced that it will hold a real estate auction for seven exceptional Upper Deer Valley Homes at the intimate and exclusive Lookout at Deer Valley, a 44-acre community of 35 home sites featuring 270-degree panoramic views of the Deer Valley® Resort and Park City ski runs. The event will be held on Sat., Mar. 27, 2010 at 5:00 p.m. MST at the Stein Eriksen Lodge, located at 7700 Stein Way in Park City. Minimum bids for the homes range from $1.65 million to $2.55 million and are up to 59 percent below last asking prices, resulting in minimum bids that range from $287 per square foot to $452 per square foot.

The auction information center and model homes for Lookout at Deer Valley, developed by Lookout Partners, LLC, a group of long-time local developers with more than 20 years experience of building luxury resort residences in Park City, are open daily from 10:00 a.m. to 6:00 p.m. through Mar. 26 at 6620 Lookout Drive. Advance registration for the auction is required. There are no hidden reserves or buyer’s premiums. All interested parties can obtain additional information at www.auctionlookoutdeervalley.com.

“The real estate auction for Lookout will mark the first time since the 1980s that homes in the highly sought-after Upper Deer Valley area have been available at this price-per-square-foot,” said Ken Stevens, west coast CEO and co-founder of Accelerated Marketing Partners, a national, full-service real estate marketing firm that has conducted high-end new development auctions around the country. “We are seeing more high-end developments, such as Lookout, seeking to accelerate sales and turn to buyers to determine value in this challenging market.”

Henry Sigg, a co-developer of Lookout Partners, LLC, added, “From the beginning of the development of Lookout, we have been dedicated to the creation of the perfect home away from home. We have listened to our buyers and have developed grand vacation homes that offer the same discerning features they enjoy in their primary residences. In teaming with Accelerated Marketing Partners, we now look to the market to tell us what preeminent homes in Upper Deer Valley are worth, and we are ready to accept this determination.”

The seven homes available at the Lookout real estate auction include:

Plan A , four-bedroom, 4.5-bath, 4,317-square-foot home with a minimum bid of $1.95 million, which is 38 percent off the previous asking price of $3.15 million
Plan C, five-bedroom, 4.5-bath, 5,752-square-foot home with a minimum bid of $1.65 million, which is 59 percent off the previous price of $4.022 million.
Plan B, five-bedroom, 4.5-bath, 5,278-square-foot home with a minimum bid of $1.85 million, which is 54 percent off the previous price of $4.022 million.
Plan D, five-bedroom, 5.5-bath, 5,866-square-foot home with a minimum bid of $2.55 million, which is 54 percent off the previous price of $5.595 million.
Plan E, five-bedroom, 6.5-bath, 5,717-square-foot home with a minimum bid of $2.25 million, which is 48 percent off the previous price of $4.288 million.
Plan E, five-bedroom, 5.5-bath, 5,717-square-foot home with a minimum bid of $2.25 million, which is 49 percent off the previous price of $4.43 million.
Plan F, five-bedroom, 4.5-bath, 5,432-square-foot home with a minimum bid of $2.4 million, which is 49 percent off the previous price $4.75 million.
Lookout is a development set within unspoiled natural terrain and perched on a quiet hillside of Upper Deer Valley that was designed as an organic and private site plan to preserve the natural forested setting. Residents benefit from private homeowners’ shuttle service with front-door-pickup, taking them to the lifts of Silver Lake and other destinations within Park City. Additional amenities at Lookout include an inviting clubhouse with a private owner’s lounge, patio grill and fireplace, as well as a lookout observatory tower with stunning 360-degree views. An on-site personal concierge is also available.

Five of the homes available at auction are ready for immediate occupancy, while two of them offer customized interior finishes and will be ready for delivery later this year. The luxury homes at Lookout blend massive timbers, native stone and weathered copper to create luxurious, rustic-style mountain homes. Interiors feature vaulted ceilings, wood-paneled doorways and oversized stone fireplaces. Gourmet kitchens boast custom cabinetry, granite counters and Wolf® and SubZero® appliances, while master baths are appointed with double-granite vanities, heated travertine stone flooring and oversized jetted spa tubs. Select homes feature private elevator access, and many also have oversized decks and garage space with ski-storage and ski/snowboard racks. Mud rooms provide storage and shelf-systems, and laundry rooms offer granite countertops and a laundry sink. Furniture packages are separate and available to buyers of these stunning new homes.

Upper Deer Valley is within close proximity to the charming town of Park City and is also within two minutes of the world-class Deer Valley® Resort, championship golf courses, fly fishing, hiking, and biking. It is also conveniently located near the Salt Lake City International and Heber Commuter airports.

For more information on the real estate auction for Lookout at Deer Valley®, please visit www.auctionlookoutdeervalley.com or call 888.898.5883.

Lookout Partners, LLC

Lookout Partners, LLC, is comprised of a group of long-time local developers with a successful history of building luxury resort residences in Park City. With more than 20 years experience and a proven record for success, this group has an uncanny eye for unearthing beautiful land and creating ultimate mountain lifestyles. Like the famous lodges of Ahwahnee, Many Glacier and The Grand Yellowstone, Lookout at Deer Valley® has been well-planned for quality, convenience, privacy and soulful natural beauty.

Accelerated Marketing Partners (AMP)

Accelerated Marketing Partners, a full-service residential real estate firm with offices in Boston, San Francisco and Irvine, Calif., specializes in the development and implementation of both accelerated and conventional marketing and sales programs. The company has brought together the industry’s most seasoned professionals with decades of experience providing strategic marketing solutions for residential real estate developments nationwide. Accelerated Marketing Partners offers comprehensive integrated services including detailed marketing analysis, management of on-site sales initiatives and accelerated marketing campaign development and implementation. For more information, please visit www.acceleratedmp.com.

Quinn & Co. Public Relations
Rachel Nierenberg, 212.868.1900 x250
rnierenberg@quinnandco.com
or
Emily Franklin, 212.868.1900 x264
efranklin@quinnandco.com

Category: Auction News

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