Canyons Village, Park City, Utah Real Estate

Living in Canyons Village means you're part of a true resort community where skiing, outdoor recreation, and mountain lifestyle drive the pace year-round. This area sits at the base of Park City Mountain Resort, connected by the Red Pine Gondola, Frostwood Gondola, and the Orange Bubble Express - North America's first heated chairlift with weather-protecting bubble covers. The layout includes Upper Canyons Village with properties right on the slopes, and Lower Canyons Village with easy ski access via the Cabriolet and gondola systems.

The community attracts a mix of vacation home owners, investment property buyers, and full-time residents who value slope-side convenience. You'll find everything from couples with ski condos generating rental income to families in townhomes using properties personally, plus affluent buyers building custom estates in The Colony at White Pine Canyon. The real estate landscape splits almost equally between short-term vacation rentals and properties for personal use, making this appealing for buyers who want rental income when they're not using their home.

The Forum area serves as the heart of Canyons Village, where the Cabriolet drops guests from the lower parking lot and the Canyons Gondola provides quick mountain access. The famous Canyons "ski beach" offers European-style sun loungers and firepits for after-ski socializing, while the stage hosts free outdoor concerts during summer months. Dining options range from casual cafes like First Tracks and Disco Pizza to upscale restaurants, plus spa services at properties like Waldorf Astoria and Pendry.

Popular subdivisions within Canyons Village include The Colony at White Pine Canyon for ultra-luxury ski-in/ski-out estates, Dutch Draw Estates and Timberwolf Estates for single-family homes, and numerous condo developments like Apex Residences, Pendry, Lift, Ridge, Vintage on the Strand, and Hyatt properties. As of 2023, only 60% of Canyons Village has been developed, meaning ongoing construction continues adding inventory and amenities to this growing resort base.

• Largest ski resort: Park City Mountain offers 7,500+ acres with 350 runs, most in North America
• Price diversity: Condos from $400K to estates exceeding $50M in The Colony
• Rental income potential: Strong short-term rental market with average two-bed earning $90-110K annually
• Year-round activities: Skiing, golf course, Alpine Slide, hiking, biking, concerts, and events
• Multiple access points: Red Pine Gondola, Frostwood Gondola, Cabriolet, and Orange Bubble Express
• Ongoing development: 60% built out with master plan including conference centers and expanded amenities

The neighborhood works perfectly for buyers who want that resort lifestyle with ski-in/ski-out access, rental income opportunities, and the convenience of restaurants, shops, and activities right outside your door without needing a car.

Canyons Village offers remarkable variety in property types, from studio condos and hotel rooms at YotelPAD to substantial single-family estates on acreage within The Colony. The condo and townhome market dominates with developments like Apex Residences (built around 2019 with exceptional ski-in/ski-out access), Pendry with its signature spa, Waldorf Astoria at the Frostwood Gondola base, Lift, Ridge, Silverado Lodge, Hyatt Centric, Sundial Lodge, Westgate, Vintage on the Strand, and Juniper Landing. Lower Canyons Village includes properties like Red Pine, Hidden Creek, and Timber Wolf Lodge with easy ski access via gondola systems.

The single-family home market centers on The Colony at White Pine Canyon, featuring some of the largest ski-in/ski-out lots in North America with properties we covered in detail in a separate section. Other single-family options exist in Timberwolf Estates, Dutch Draw Estates, and Aspen Creek Crossing, providing custom homes without The Colony's ultra-luxury price points. Townhome developments like Fairway Springs, Frostwood, Viridian, White Pine Canyon Village, Canyon Residences, and Blackstone offer middle-ground options with more space than condos but less maintenance than single-family homes.

Current market conditions show condos starting around $400,000 for entry-level properties, with two-bedroom units averaging around $975,000 and producing rental income of $90,000-$110,000 annually for a 4-5% cap rate. Luxury condos and townhomes range from $1-4 million depending on size, finishes, and ski access, while single-family homes outside The Colony typically run $3-10 million. The market moves quickly with properties going under contract in about 25-32 days, and sellers capturing roughly 96.7% of asking price.

An important consideration for buyers: the Canyons Village Management Association (CVMA) charges a 2% buyer transfer fee for most properties constructed after 2004, which needs to be factored into purchase costs. Many properties allow short-term rentals, making this attractive for investment buyers, though regulations vary by specific development.

• Condo market: Entry at $400K, two-beds averaging $975K, luxury up to $4M+
• Single-family homes: $3-10M outside The Colony, $10-50M+ within The Colony
• Townhomes: Middle option between condos and single-family, various price points
• Rental income: Strong potential with two-bed condos grossing $90-110K annually
• Market speed: Properties under contract in 25-32 days, 96.7% sale-to-list ratio
• Transfer fee: 2% CVMA buyer transfer fee on most post-2004 properties
• Fractional options: Available at Grand Summit Hotel and select properties

TJ Walsh Group helps buyers navigate the complex Canyons Village market, understanding which developments allow rentals, what transfer fees apply, and how to evaluate properties based on ski access, rental income potential, and personal use priorities.