Jordanelle Area Real Estate Developments – March 2022

Posted March 11, 2022 by Christine Grenney
Filed under Great reasons to buy real estate in Park City, Home Buying in Park City, Park City Real Estate Updates.

Jordanelle Reservoir and the Mayflower side of Deer Valley Resort with a fresh coat of snow

Located just 10 minutes from Park City’s east entry on Highway 248, the Jordanelle area is a hotspot for new development; the entire area was master planned when the Jordanelle Reservoir was created in the 1990’s. This overview focuses on new developments where there is still “developer inventory” as several are under construction with pre-sold inventory.

While it might be simple to lump all the communities sprouting up around the Jordanelle Reservoir together, there are unique nuances we’ll explore to help you find the ideal spot. Ask yourself which is more important – the “Big View” that encompasses the lake and the slopes of Deer Valley® Resort, or is proximity to the water’s edge more appealing? Worthy of note is that because the shoreline is all part of Federal BLM lands, there are no actual “waterfront” properties, though some come closer than others.

Parents with young kiddos need to know one critical fact, which is that the Jordanelle area is outside the coveted Park City School District, and while the majority of kids residing in this area are bussed to Heber, there are a few communities lying within the South Summit school district in Kamas. While it’s possible to get the kids into the highly ranked Park City School District when waivers are available, you certainly can’t consistently rely on this option. So, my recommendation is to consider the private or charter school options that are available, several of which might be a good fit. Ask us for more details on these options.

If your interest is more investment focused, you’ll want to consider which communities allow nightly rentals to expand your revenue potential. Where new construction homes or townhomes are offered, you should plan on a build cycle of 12 – 18 months as supply chain issues have extended build times. Further, numerous builder contracts include provisions for materials cost increases, so be mindful of that verbiage. We will guide you through this process.

An overview of the varied and ever-growing variety of new developments surrounding the Jordanelle Reservoir

The Big View is offered from most of the properties on the north, east and south sides of the lake, while Deer Valley and freeway access are the key reasons to select properties along the western shore of Jordanelle.

The Big View Black Rock Mountain Resort

Opening just in time for the 21/22 ski season, Black Rock Mountain Resort has also emerged as a much-needed gathering spot for the previously “entertainment starved” Jordanelle area, offering the quite tasty Overlook Restaurant and On the Rocks bar, with live entertainment on weekends. There’s also The Market offering Hugo’s Coffee, bagels, and muffins as well as fruit and snacks.

Options within Black Rock Mountain Resort include two bedroom stacked flats, some with lockouts, with a few three bedroom offerings, and all can be rented nightly with incentives to use the onsite property management group. Current pricing for the limited 2 bed/2 bath developer inventory ranges from $849,900 – $1,600,000.

Consider the perks of membership at Club Black Rock which offers several levels, including access to the outdoor pool, hot tub, and fire tables, as well as a weight room, steam room, sauna, members lounge and business center. There’s also a membership option that includes area Shuttle Service, so keep this Club membership option in mind if your chosen Jordanelle property does not offer amenities.

Town of Hideout

Hideout is a township of 2,500 acres along the north end of Jordanelle, on the “water side” of Hwy. 248. In addition to terrific views of the water, the primary amenity is their 9-hole executive golf course called “Outlaw.”  All the communities listed below are part of Hideout.

Homesites Golden Eagle

This new 328 lot subdivision within the town of Hideout is perched high on the north side of the Jordanelle, offering commanding vistas across the Jordanelle Reservoir. Most of the homesites are at least ½ acre with varying slopes, allowing you to position your future home to maximize views. Current pricing ranges from $410,000 – $756,000 with allowable home sizing ranging from 3,200 to 7,000 sq. feet. Future amenities include a small clubhouse/gathering space with indoor and outdoor areas and 4 miles of hiking trails. About a third of the sites have sold, and road paving will resume late this spring or early summer, weather dependent.

Deer Vista

Deer Vista is a gated 103 lot subdivision of estate homesites on the north end of Jordanelle. Their strategy shifted last spring after the pandemic market surge, and all remaining homesites were shifted into the developer’s current homebuilding program. We anticipate seeing inventory listed this spring in the $3M – $4.5M range for homes ranging in size from 5,300 – 7,000 sq. ft.

Hideout Condominiums & Townhomes Shoreline

Shoreline is a very successful community of high-quality townhomes on the northeast section of Hideout.  There is a new phase of contemporary 4- and 5-bedroom twin homes being released this spring which are now under construction, with 15 offered in this next release.  These larger townhomes will offer 4 & 5 bedroom options.  While pricing has not been finalized, it is anticipated they will start around the $2M mark. Their final phase will consist of somewhere between 42 and 49 twin homes.

Wasatch Springs

Wasatch Springs is Holmes Homes’ first foray into the Jordanelle area and was enormously successful. This community is located just south of the traffic light at Brown’s Canyon. Though now sold out and recently completed, resales pop up with some regularity. A variety of floor plans are offered with most being 4 bedrooms, and some 3 bedrooms. Sizing ranges from 1,880 to just under 3,000 sf, with recent pricing from the mid $800,000’s to just over $1M. Nightly rentals are allowed, which helped drive this community’s enormous popularity.

Deer Springs

Deer Springs at Hideout is a new community offered by Holmes Homes, who recently completed the successful Wasatch Springs community. The current phase under construction offers 15 single family homes and 30 duplexes. While subject to change due to market demand, the future phases could include 46 single family homes and 138 duplexes. This community straddles the Jordanelle trail system and will offer a playground, dog park and paved biking/walking trail. The community is within walking distance to the Ross Creek ramp at Jordanelle, offering easy non-motorized boating access for paddle boarding or kayaking. The next phase should be released this spring, let us know if you want to be alerted when available.

Deer Waters at Hideout

Another Holmes Homes community, Deer Waters offers mountain contemporary duplex townhomes which allow for extensive customization through their in-house designer. Three different plans are offered with 3 -4 bedrooms, 3 – 4 baths and two car garages. Current inventory is priced from $1,500,000 to over $1,900,000.   

Klaim

The Klaim community of mountain-modern three bedroom. three bath townhomes are on the uphill side of Hwy 224 with lake views. Their final phase IV will be released this spring, with building clusters of three and four townhomes, with the uphill plans backing up to 40 acres of open space. Interest in the next phase is quite strong, so if this property peaks your interest, let’s get you registered so you’ll be in the queue for the next release. Pricing has not been released but we anticipate pricing in the range of $1.4M+.

Private Clubs Tuhaye

Tuhaye is a high-end, private golf community on the northern slopes of Jordanelle being developed by Storied Development, which acquired the existing Tuhaye assets in 2018. We’ve been quite impressed with their accomplishments in just four years. Storied Development is a very well capitalized and seasoned club community developer with successful communities throughout the continental U.S, Hawaii, the Caribbean, and Mexico.

Tuhaye is part of the broader Talisker Club, which includes the slopeside Talisker Club at Empire Pass at Deer Valley® Resort, the Outpost at Bonanza Flat beyond Deer Valley and access to the Courchevel Bistro on Main St. Park City. Within Tuhaye, the centerpiece is the Mark O’Meara designed Signature Championship golf course which is consistently ranked among the best in Utah – it’s challenging! Currently there is no developer inventory listed for either homesites or homes, but with the advent of spring we anticipate seeing some new inventory. The Golf Club membership is included with all developer lot purchases and when offered with home sale purchases is priced at $125,000. Tip – in today’s market we advise you to strongly consider acquiring the membership whether it’s your preference or not as they are in extremely high demand. Contact us for more of the backstory.

Victory Ranch

Victory Ranch a private, four-season community amidst 6,700 pristine acres along four miles of the coveted Upper Provo River in Francis, on the quieter, south end of Jordanelle. Amenities include an 18-hole Rees Jones golf course, world-class fly-fishing, miles of mountain biking and hiking trails, backcountry yurts, fishing ponds, restaurants, a ski-in/ski-out lodge in Park City at the Town Lift on Main St. and more than 4,000 acres of untouched backcountry. Additional amenities include their kid-oriented Barn, with a Pizza Parlor, Art Studio, Game Room, Indoor Basketball Court as well as a Fitness Center, Spa, and Platform Tennis Courts. Outdoors there’s a swimming pool, waterslide, and tennis courts. Owners enjoy a plethora of backcountry opportunities, from skeet shooting to yurt camping to snowmobiling and 4 X 4 tours. The development is nearing build out, with just one developer owned 7+ acre homesite currently available priced at $1.795M. At present, there are just a handful of resale single family homes available, priced from $5.65M to $7M+. 

The new Residence Club Cabins are fully furnished and offer 1/8 fractional ownership in three floorplans offering thoughtfully designed three to five bedrooms from approximately 2,015 to 4,700 sq ft. priced from $340,000 – $490,000.

West Side Mayflower Resort

The most significant development on the west side of Jordanelle is the new Mayflower Resort being built by Extell Development on the west side of Hwy. 40, directly south of the Deer Crest community. North America’s newest ski resort since 1980, Mayflower Mountain Resort boasts 4,300-acres of skiable terrain, 3,200-foot vertical, 15 lifts and incredible terrain variety. This new luxurious ski village and resort will consist of stacked condominium hotels, townhomes, and single family homesites dotting the slopes, a skier’s beach, and several luxury amenities such as a children’s center, ski school, lodge, ski club, spa and conference facility. The master plan will unfold over the next 15 – 25-years. Infrastructure has been in process for the past couple of years with vertical construction on their employee housing well underway. It’s expected that all for-sale properties will offer nightly rental capabilities, with details expected to unfold later this spring. Billed as “the first new resort in Utah in 15 years,” Mayflower has yet to announce the ski area operator, though we are hopeful Deer Valley® Resort will be selected.  Please let us know if you want to be on our VIP list to be on the inside track as sales details become available later this spring or early summer. Click here to express your interest.

SkyRidge

SkyRidge is a sizeable new subdivision with just under 500 homesites located on 670 acres, with over 50% dedicated as open space. The community cascades along the western shoreline of Jordanelle offering both homesites and speculative homes from a variety of builders. This community flanks the new Jordanelle Parkway which provides connectivity from the Mayflower interchange on Hwy 40 to Hwy 248 on the north end of the lake.

Amenities will include a public Clubhouse with indoor and outdoor gathering areas, a Golf Academy which includes a three-hole short course with par-3, par-4 and par-5 holes with multiple tee boxes and greens, operated by PGA professionals. There’s also a planned 34 stall equestrian center with dedicated trails that will also be public. Private amenities to the HOA will include infinity pool with cabanas, lounge, and fitness studio. Trail connectivity is currently available via a paved trail along the Parkway, and the developers are working with Mountain Trials Foundation to plan and link the non-motorized trails that will meander through the community to their existing 400-mile network.

SkyRidge currently offers a shuttle service for property owners to Deer Valley® Resort. SkyRidge is immediately adjacent one of two new “portals” to Deer Valley as part of the Mayflower Resort, which are pedestrian tunnels below Hwy 40 that connect to the base of the Deer Crest gondola and the new Mayflower Resort to the south. It is envisioned that there will be a future shuttle service connecting the Jordanelle communities to the base area via the portal, so property owners leave their cars at home and shuttle to skiing. Present offerings include homesites ranging in size from ¼ to just over ½ acre priced from the $700,000’s and numerous 4- and 5-bedroom spec homes priced from just under $3M.

Mayflower Lakeside

Phase I of this community twin-home just north of the Jordanelle State Park’s Hailstone area was completed about a decade ago. Phase II is now under construction by the same developer, Burbridge Investment Group, offering both townhomes and stacked flat condominiums. The townhomes are in twin-home configurations with 4 & 5 bedroom plans available, each with 2 car garage and ranging from 2,800 – 5040 sq ft. and priced from $1,794,000. Pricing details have not yet been released on the stacked flat configurations, but we anticipate a late spring launch and numbers starting close to $1,000,000. Again, reach out to be on our early release interest list.

Heber Side Benloch Ranch

Benloch Ranch is a new 2,500+ acre community now being developed on the south end of Jordanelle. The current phases offer new sustainably produced, prefabricated homes with a unique modern style. Planned amenities include a commercial center with grocery and retail, shuttle service to nearby Deer Valley® Resort, a kid’s camp and beginner ski/sledding hill, skeet shooting, skating pond, storage facilities, 20+ miles of multi-use trails, a skating pond and yurt & backcountry camping. Current home plans range from 3-bedroom 4 bath home with 2,100 sq ft, and a two-car garage with base pricing at $1.54M to their largest plan, which is a 5 bedroom, 6 bath configuration which is just over 5,000 sq. ft priced at just over $2.7M.

Jordanelle Ridge

Jordanelle Ridge is a Holmes Homes community now under construction offering triplex townhomes on the south end of the Jordanelle off Route 32, overlooking the Heber Valley and Mt. Timpanogos. This location also offers views of the Provo River which is highly regarded as one of the premier blue-ribbon fly-fishing spots in the state. The triplexes offer 3 bedrooms, 2.5 baths and 2 car garages, with sizing from 2.433 – 2,722 sq. ft. Current pricing has not yet been released; however, they are being marketed as “more affordable”, so it is likely they’ll land below the $1,000,000 threshold. Next release is slated for July.

The information here is accurate as of March 7, 2022. Projects not mentioned are either sold out or are of an age that resales are coming on the market. Please contact Christine at 435-640-4238 for the most up-to-date availability and pricing. The real estate offerings around the Jordanelle will be as dynamic as the iconic Wasatch mountains and you can count on Choose Park City to be in the know on any and all offerings in the pipeline.