Winter 2025/2026 Real Estate Update

Dear All,

Winter finally arrived at Eagle Point just in time for a snowy opening stretch for our holiday guests. While the conditions were not as favorable as in past years, I rode the lift several times with people who showed me videos of dirt meadows and thin stretches of man-made snow at the mega resorts. Eagle Point’s conditions seemed like a comparative win. Once again, our snowmaking system and high elevation helped us stand out during a challenging early winter pattern for the West. 

Some playful dogs photo-bombed the Skyline webcam after recent snowfall.

The new year is upon us, and with it comes the annual cycle of resolutions. What will I do differently in 2026? My New Year’s resolution is clear: bring a growth accelerator to the platform my team and I have built at Eagle Point. I am in discussions with several exciting potential partners including: (1) a tech group pursuing a private digital resort strategy (don’t worry – the public will be welcome), (2) a leading resort operator and (3) multiple ski-focused investor groups seeking to deploy capital. Each could accelerate our growth in meaningful ways. 

Let’s explore the word ‘growth more closely. In the context of the ski industry, growth has a duality of connotations – both good and bad. At its essence, growth means an increase in size or importance. That definition seems harmless, doesn’t it? We all want growth in that sense. However, many fear that growth applied to a hidden-gem ski resort is linked to more crowds, shorter powder days and the loss of a coveted secret. I have mixed emotions when a guest tells me, ‘Man, you have a great resort; I just hope no one else finds it.’ To which I half-heartedly reply, ‘Haha, yeah, tell your best friends only.’ Not anymore. I have a new attitude in 2026 because this platform is ready for an accelerator to spur the right kind of growth – optimal growth – that pleases everyone. 

I have outlined elements of Eagle Point’s Master Plan below to explain how optimal growth is good for everyone. 

  1. New Lifts, More Terrain – There is great private terrain available for expansion and extra vert available in the adjacent USFS lands. Loyal readers have heard me muse about the connector lift and its value in connecting both sides of the resort. The Lake Peak terrain expansion would add a new lift and 50+ acres of intermediate runs adjacent to the existing Monarch terrain. The tree skiers and riders out there know that another glading project on the steepside would be awesome for southern Utah’s best tree skiing. We can all agree that two new lifts and terrain expansion fit an optimal growth scenario that will make Eagle Point even more fun with little to no downside. 
  1. Improved Amenities – A fun ski town needs entertainment, recreation, gathering and dining options after the lifts close. Growth would provide capital for a family gaming parlor, the Nordic Spa, and a Clubhouse for private events with membership available for property owners. Adding modern recreation facilities to complement an already awesome ski experience would please Eagle Pointers without any negative tradeoffs.  
  1. Expanded Opportunities for Local Youth – Having a midsized ski resort 18 miles from downtown is already a boon to Beaver County. Optimal growth would provide increased opportunities for local youth including seasonal employment, internships, careers and expanded entertainment and recreation. Moreover, the strong real estate values at Eagle Point have a significant impact on the county tax roll, which helps the county to expand community programs and services, especially for its youth. 

Those are some of the upside benefits of growth. Now let’s look at how Eagle Point’s unique characteristics mitigate the downside of growth. 

  1. Driving Distance: You have to drive a little farther to get to Eagle Point, which is the most substantial mitigation against crowds. The largest cities (and major airports) of Salt Lake and Las Vegas are 3.5 hours away, Utah County is 2.5 hours and St. George is 2 hours. Conversely, Park City is 45 minutes from SLC airport, a major gateway to the country and beyond. I sometimes hear gripes from opponents of growth, ‘We don’t want Eagle Point to become Park City.’ That’s an unfounded fear. Eagle Point is tucked away in rural Utah while Park City is 45 minutes away from an international airport with a major expressway to its front door. There is no merit to fears of crowding even after several subsequent rounds of resort improvements.
  1. A Destination, Not Just a Daytrip: Because of its location, Eagle Point is a destination resort, more so than a daytrip resort. Eagle Point’s busiest days are when the 80 or so rental condos and cabins are sold out. Even then, there are no crowds or lift lines. My development resume at Eagle Point includes 43 new rental condos and over 125 new homesites. That amount of development almost doubled the existing lodging stock at the time of my 2009 acquisition. Yet despite such development, there are still no lift lines. Development of new lodging capacity is the most significant driver of optimal growth which is slow and steady over long cycles.
  1. Coordinated Master Plan & Development Strategy: Eagle Point is a unique planned unit development of 2,000 private acres of land surrounded by hundreds of thousands of acres of the Fishlake National Forest. The land ownership that makes up Eagle Point included nearly 1,100 acres of private land. Beaver County and the State of Utah collectively own about 825 acres of mostly recreation land including the Puffer Lake area. Singular ownership and decision-making creates a harmonious situation for land and amenity development where the primary factor driving careful supply creation is observed, unsatisfied demand. The marketplace benefits from this harmonized development strategy with steadily rising prices and no disruptive supply shocks, both hallmarks of my development track record at Eagle Point. 

Growth is inevitable at Eagle Point. The secret has been out and ski area development on private property is one of the major trends in the Mountain West. Nevertheless, my team and I want you to have faith in our ability to deliver optimal growth that satisfies everyone. Whenever one or more accelerators enters the picture, we got this. 

Concept rendering of the Clubhouse, a private events space with membership opportunities for local property owners. 

REAL ESTATE UPDATE

Detailed below is a fourth quarter 2025 update of real estate activity in our community. 

  1. NEW DEVELOPMENT – SKI-IN/SKI-OUT

Introducing Aquila, Eagle Point’s Newest Ski-In/Ski-Out Community

Located at the pinnacle of the ski area with the best mountain views in southern Utah, Aquila includes 22 homesites in a gated, ski-in/ski-out community. Aquila, Latin for “eagle”, has received preliminary plat approval from Beaver County, and we are now accepting contracts on the first phase which will be finished in late 2026. Prices start at $475,000 for lots ranging in size from 0.47 to 0.70 acres. After a decade developing ski-in/ski-out properties at Eagle Point, I am confident that Aquila is the best location in the entire ski area and the place I will call home. 

An aerial view of the Aquila subdivision (highlighted in blue) shows the stunning views and location.

Aspen Crest Premier Phase II

There are three remaining lots in Aspen Crest Premier Phase II along the iconic viewscape of homes that currently line the Glacier Glade ski run. Prices range from $450,000 to $700,000. 

Aspen Crest Premier Phase II Lot 1 — 0.50 acre lot.  Listing price:  $450,000. 

Aspen Crest Premier Phase II Lot 7 0.63 acre lot.  Listing price:  $650,000.

Aspen Crest Premier Phase II Lot 8 — 0.68 acre lot.  Listing price:  $700,000.

  1. CONDO & HOME LISTINGS

Customizable Skyline Terrace Condo 1 — This 1BD/1BA ski-in/ski-out condo is in the desirable Skyline Terrace subdivision and is arguably the best ski-in/ski-out condo in the area. Listing price:  $395,000.

Snowflake 22 — This 2BD/2BA ski-in/ski-out turnkey property will come complete with furnishings ready to make this your second home. Listing price:  $420,000.

Snowflake Condo 4 This 2BD/2BA plus loft condo is conveniently located next to Canyonside Lodge. It is large, cozy and fully furnished. Rental income data available upon request.  Listing price: $375,000.

Snowflake Condo 8 — This 1BD/2BA plus loft, 1037 sq ft beautiful turnkey condo has it all.  Listing price:  $395,000.

Snowflake Condo 28 — 1BD/1BA, 682 sq ft cabin. Enjoy stunning alpine views, a warm and inviting interior, perfect for relaxing after a day on the mountain.  Listing price:  $245,000.

  1. RESALE LOT LISTINGS

Special Situation

West Village Acres — This is a rare opportunity to own a private retreat of over 50 acres in the Tushar Mountains. Development of this parcel is made easier by access from three existing roads. If you are looking for a legacy investment and family retreat or a small development opportunity, you should come check out this property. Listing price: $799,000.

Ski-In/Ski-Out 

New Listing Aspen Crest Lot 2 — This 0.48 acre ski-in/ski-out property is located on Glacier Glade in Aspen Crest subdivision. Breathtaking views in a prime location. Listing price: $625,000. 

Aspen Crest Lot 13 — This 0.67 acre ski-in/ski-out lot is in the coveted Aspen Crest subdivision. Listing price: $350,000. 

Non Ski-In/Ski-Out

NEW LISTING Triangle Lot The Triangle Lot is a new 0.5 acre lot at Eagle Point Resort created by a minor division from a larger parcel. I created this lot to be the best value among all West Village lot listings. Enjoy awesome views of mountain peaks, big horizons, and great access to the forest. There is no homeowners association, so the building conditions are flexible.  Listing price: $135,000.

West Village Lot 29 — Great value for this 0.61 acre lot. There is a new water main to the cul-de-sac.  The seller also owns lot 28 and would entertain an offer of $190,000 for both lots.  Listing price: $96,000. 

West Village Lot 28 — Beautiful 1.10 acre lot.  There is a new water main to the cul-de-sac.  The seller also owns lot 29 and would entertain an offer of $190,000 for both lots.  Listing price: $125,000.

  1. SALES OR PENDING SALES SINCE LAST UPDATE

CONDOS/HOMES:

Skyline Terrace Condos Unit 3 – Sold

Skyline Terrace Condos Unit 4 – Sold

Skyline Terrace Condos Unit 8 – Sold

Skyline Terrace Condos Unit 9 – Sold

Skyline Terrace Condos Unit 5 – Sold

Skyline Terrace Condos Unit 2 – Pending

Skyline Terrace Condos Unit 6 – Pending 

Skyline Terrace Condos Unit 7 – Pending

LOTS:

Skyline Terrace Lot 3 – 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 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. 

If you would like to visit us this winter at Eagle Point to learn more about our offerings, please reach out to me directly. It’s a small community. My team and I will make sure you have a productive visit. 

Best wishes,

Shane P. Gadbaw

Owner/Operator/Developer – Eagle Point Resort

Owner/Broker – Aspen Equity Real Estate

Owner/CEO – Aspen Equity Construction

Eagle Point Resort

Aspen Equity Real Estate

Aspen Equity Construction

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