Get breaking news alerts via email

Click here to manage your alerts
(Rick Egan | The Salt Lake Tribune) The Stein Eriksen Residences is the first new development offering ski out /ski in access in prestigious Silver Lake in nearly a decade, in Deer Valley, Friday, January 24, 2014.
Luxury for sale in new Deer Valley housing development
Real estate » Priced up to $7 million, Stein Eriksen Residences offers stunning vistas, upscale amenities.
First Published Jan 29 2014 11:34 am • Last Updated Jan 30 2014 11:07 am

Deer Valley • Utah’s premier luxury mountain resort is launching a multimillion-dollar housing development.

For the first time in its 32-year history, Stein Eriksen Lodge in Deer Valley has loaned its world-recognized name to a high-end, ski-centered residential project, which quietly opened a new sample home to tours earlier this month in the exclusive mountainside enclave of Silver Lake Village.

Join the Discussion
Post a Comment

The initial phase of Stein Eriksen Residences offers wealthy customers a selection of top-flight homes and condominiums priced from $2 million to upwards of $7 million. The properties range from three to six bedrooms, spread over 2,000 to 6,000 square feet of space, designed in a sleek, modern and elegant style.

The lodge, named for Norwegian Olympic gold medalist and ski industry icon Stein Eriksen, is Utah’s only five-star, five-diamond hotel and spa, with a devoted international clientele lured by its upscale European-style brand and fine restaurants.

"We demanded quality," Clare Jackson, real estate broker for Stein Eriksen Lodge, said of its partnership in the project. "We’re very excited about the finishes and the look."

If fully built out, the six-acre alpine development will feature 16 houses and 38 condos, bounded by another two acres of green space and two reknowned ski runs and served by a lavish range of upscale amenities — all with some of Utah’s most stunning mountain vistas in virtually every direction.

"It’s the last great site in the Silver Lake area," said Dena Fleming, senior partner for Prudential Utah Real Estate.

The project is one of the first major offerings of luxury residential property in Park City and Deer Valley since the real estate crash, which hit sales of expensive Utah vacation homes particularly hard. That market lull and a shift in tastes toward more up-to-date architectural and design styles in mountain homes appears to have created pent-up demand, Fleming said.

"It’s been extremely busy," the real estate agent said as she showed well-heeled prospective buyers through a four-story model home last week. "Everyone wants to see the latest and the greatest."

The project’s developer, Los Angeles-based Regent Properties, held onto the land through some of the housing market’s worst years, before deciding strength in the high-priced sector had returned, its executive vice president Daniel Gryczman said.

story continues below
story continues below

"It probably is one of the most accessible high-end ski towns in the country,’’ he said.

Designed by the Salt Lake City firms Think Architecture and Denton House Design Studio and built by Magleby Construction, the homes have a contemporary, open design that departs from the rustic chateau elements more typical of many Utah ski lodges. Instead, the properties reflect a trend seen in newer private high-end residences in Deer Valley, as well as larger facilities in competing ski resorts such as Aspen, Vermont’s Stowe or Whistler in British Columbia.

"A lot of projects are billed as `mountain contemporary’ but you just have to look at this to know it really is," said Brett Kearney, project manager with Denton House.

Project architect John Shirley Jr. at Think said they sought to create an uncluttered, spa-like environment, with clean lines, warmer colors and exposed beams and timber columns.

"The inside of the home becomes much more of a retreat," Shirley said.

Though hardly mansion-like in size, the properties do highlight affluent living.

They feature wrap-around floor-to-ceiling windows, balconies, outdoor spas, gourmet kitchens, gas-burning fireplaces, private elevators, exercise rooms and heated ski boot racks, along with a wealth of other high-living fixtures in the development’s common areas, such as spas, swimming pools, lobby areas and valet parking.

Stein Eriksen will provide full management, concierge, housekeeping and other luxury services to owners. It also will market the homes to interested lodge patrons, some of whom lodge real estate agent Jackson said were viewing the residences as a potential legacy investment for their kids and grandkids.

Gryczman, with Regent Properties, and other key players said Stein Eriksen Lodge’s interest in the project, which began about a year ago, was key to moving forward.

"Their involvement brings it to a whole new level," Gryczman said. "They have a first-class luxury heritage that is a proven commodity."


Twitter: @Tony_Semerad

Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment

About Reader Comments

Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.