Summer 2024 Real Estate Update

Summer has arrived in the Tushar Mountains with the native wildlife returning to the higher elevations of Eagle Point. Speaking of higher elevations, once in a while an extraordinary project comes my way. As a board member of the local water authority, I am spearheading a rebuild of the fence surrounding the Forest Service Spring, which provides drinking water to the Eagle Point communities. The fence prevents free-ranging cows from wallowing in the saturated, cool surface of the spring, which is located at an elevation of nearly 11,000 feet. With the permission of the U.S. Forest Service, we used a snowcat to haul the logs up to the remote location in April, a task that would have been much more difficult in the summer without a functional access road in place. A crew of three skilled assemblers will rebuild the fence by hand. This summer, I plan to spend some time helping to build the fence while taking in the views from this breathtaking location.

This current picture shows the outer ring of the collapsed fence surrounding the new logs that were delivered by snowcat.

In the top left corner, you can see where the treeline ends in this section of the Tushar Mountains.

The resort is open for summer operations with horseback riding, e-biking, hiking, paintballing, and stand-up paddleboarding as the lead activities. Canyonside Grill is open Fridays and Saturdays from 11 am - 7 pm, and the General Store is available daily for guests and homeowners.  

In response to demand for larger parcels of land in the resort area, I recently listed a 73 acre property known as Puffer Lake Meadows for $1.7 million. The property includes 3 acre feet of class A water rights and 1,200 feet of frontage along Scenic Highway 153. This trophy mountain property offers a rare opportunity to own land bordering both a lake and a ski resort in Utah. 

 The Puffer Lake Meadows 73 acre parcel is shaded above.

Detailed below is a second quarter 2024 update of real estate activity in our community. 

1. NEW DEVELOPMENT

Mini Storage Units Coming Soon

A friend of mine hired my construction company to build a 95 unit mini storage complex in the resort area. We have started construction and should finish by the end of 2024. These units will prove to be very popular among the growing number of Eagle Point condo and lot owners.

Aspen Crest Premier Phase II Subdivision

Another lot went under contract in Aspen Crest Premier Phase II, the resort’s premier ski-in/ski-out location (see Sales/Under Contract below). These lots extend the iconic viewscape of homes that currently line the Glacier Glade ski run. Prices range from $425,000 to $630,000. We have only five lots remaining. 

Aspen Crest Premier Phase II Lot 1 -- 0.50 acre lot.  Listing price:  $475,000.

Aspen Crest Premier Phase II Lot 2 -- 0.50 acre lot.  Listing price:  $425,000.

Aspen Crest Premier Phase II Lot 5 -- 0.63 acre lot.  Listing price:  $630,000.

Aspen Crest Premier Phase II Lot 6 -- 0.63 acre lot.  Listing price:  $630,000.

1. AVAILABLE CONDO & HOME LISTINGS

Snowflake Condo 30 -- This cozy studio condo has amazing views of the black diamond slopes and Beaver Canyon, 300 sf, fully furnished.  Listing price:  $150,000.

Snowflake Condo 22 -- This 2BD/2BA, 1036 sq ft ski-in/ski-out condo comes fully-furnished with gorgeous views.  Listing price: $455,000.

Skyline Terrace Condo 1 -- This 1BD/1BA, 880 sq ft ski-in/ski-out condo is under construction for delivery in late-2024.  Listing price: $295,000. 

322 N Upper Meadow Dr -- Captivating 2019 custom built log home, 1675 sf, fully furnished 3 bd/3 ba 2-story home with loft & attached 528 sf 2 car garage; sits on 0.34 acres.  Listing price: $895,000.

Snowflake Condo 11 -- This 2BD/2BA + loft, 1204 sq ft ski-in/ski-out condo comes fully furnished with multiple upgrades throughout. Perfect for personal and/or rental use.  Listing price: $485,000.

1. AVAILABLE LOT LISTINGS

Skyline Terrace Homesite 1 -- This 0.44 acre ski-in/ski-out lot is located above the Belknap Bow slope in the new Skyline Terrace neighborhood. Listing price: $325,000.

Skyline Terrace Homesite 5 -- This 0.42 acre ski-in/ski-out lot is located above the Belknap Bow slope in the new Skyline Terrace neighborhood. Listing price: $400,000.

Aspen Crest Lot 16 -- This 0.33 acre ski-in/ski-out lot is in the coveted Aspen Crest subdivision.  Listing price: $360,000. 

West Village Lot 28 -- Beautiful 1.10 acre lot.  Listing price: $125,000.

West Village Lot 29 --This 0.61 acre lot is the last West Village property priced under $100,000.  Listing price: $96,000. 

West Village Lot 88 --This 0.61 acre lot sits on top of the hill with 360 degree views.  Listing price: $270,000.

Pinnacle Pines Lot 13 -- 0.63 acre lot. Listing price: $310,000.

Pinnacle Pines Lot 15 -- 0.67 acre lot. Listing price: $330,000.

Pinnacle Pines Lot 17 -- 0.97 acre lot. Listing price: $475,000.

Pinnacle Pines Lot 28 -- 0.61 acre lot. Listing price: $190,000.

Pinnacle Pines Lot 39 -- 0.58 acre lot. Listing price: $285,000.

1. SALES/UNDER CONTRACT SINCE LAST UPDATE

Aspen Crest Premier Phase II Lot 3, PENDING

Skyline Terrace Condo 9 -- 2BD/2BA plus loft, 1615 sq ft ski-in/ski-out condo, SOLD

Polestar Alpha Condo 6 -- 2BD/2BA plus loft, 1615 sq ft ski-in/ski-out condo, SOLD

Wooded Ridge 4 -- 1BD/2BA plus loft, 980 sq ft ski-in/ski-out condo, SOLD

West Village Lot 86  -- 0.70 acres, SOLD 

Aspen Equity Construction specializes in design + build projects where we apply our unique understanding of terrain, snow and rainfall dynamics, and best-fit materials for building in the Tushar Mountains. If you already own a building lot at Eagle Point and would like to break ground on a vacation home or investment property within the next two years, please ask us for a free estimate for building services. 

Best wishes,

Shane P. Gadbaw

Owner/Operator/Developer - Eagle Point Resort

Owner/Broker - Aspen Equity Real Estate